I am at a loss. The sell side of the Order book at Bitstamp has been much higher than the buy side for the past week or so, but the price keeps climbing up (currently at $93.15).
My intuition says that if the supply is higher than the demand, then the price should have gone down. What gives?
The seller side on Gox is extremely low, just a while ago you could buy more than 125k Bitcoins under $200, now it dropped to <70k Bitcoins.
The other exchanges do still follow Gox, but now with a bigger gap due to the withdrawal problems.
Also long time perspective is good for Bitcoin and no current hack or law drama, people aren't in a hurry to sell their coins.