With a substantial amount of bitcoin being hacked and accumulated by a few individuals do people think the latest price resistance is from that extra supply? I would think the hackers are probably dumping decent sized blocks and the price is slowly absorbing it.
In my opinion price will start to gather strength when all the hacked bitcoin gets absorbed by normal market conditions and disperses into the hands of regular users ( regular as in people without huge supply spikes due to hacks, can be traders, buyers, sellers, companies whoever... just not hackers )
I do think it is silly for anyone to say prices are going to rocket or crash as there is just too many factors and unforeseeable events ( such as major hacks, or maybe big business endorsements etc ).
I do agree with people saying apps such as the new android app and anything to make bitcoin mainstream will have the biggest price affect.
Anyways, new to bitcoin... not trolling... but trying to get some other opinions that can be backed by facts. Example, android app... or new huge hack just hit etc....