Most of you seems to be fixated on idea that Chinese are behind this rally. Well maybe to some point. But I have a another idea - we have a rally because of ...silkroad crash.
What you can read from image bellow?
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSsPUEPX.png&t=663&c=XQ8cK0ouc9pNfA)
A lot of folks panic-sold and then price go back to almost original position too fast to go back on BTC train.
Why I know that? Because there's 39k BTC more sold than bought in this event.
I know this also because of orderbook. This is how thing looked before crash:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fanonymouse.org%2Fcgi-bin%2Fanon-www.cgi%2Fhttp%3A%2F%2Fanonymouse.org%2Fcgi-bin%2Fanon-www.cgi%2Fhttp%3A%2F%2Fimg5.imageshack.us%2Fimg5%2F4986%2Fs6fb.png&t=663&c=B-n42cEyrwpRTg)
The bottom was 109.7 and there's 38.5k BTC to go there.
Next important thing is how orderbook looked after crash. Do we need 38k to go there?
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSjcUCmr.png&t=663&c=pqVVtZOwbaCcyQ)
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FaBYIMWE.png&t=663&c=Y4M_cW-eklAaAg)
No. 7k BTC is just enough.
Third reason I know that because I was one of this suckers who panic sold and don't buy back fast enough (with hope this is just dead cat bounce).
Now we have a situation where suddenly a lot of folks sitting on bunch of USD ...on MtGox. This USD can't be take out from gox without weeks/months of waiting.
"the price will go down and the I will rebuy" ...right
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fanonymouse.org%2Fcgi-bin%2Fanon-www.cgi%2Fhttp%3A%2F%2Fanonymouse.org%2Fcgi-bin%2Fanon-www.cgi%2Fhttp%3A%2F%2Fimg35.imageshack.us%2Fimg35%2F9533%2Fulsx.png&t=663&c=3-QfsE-yU3XHOw)
Week later - bears are still asleep. Bulls instead are getting strong (fast going back on track after crash, and again a lot of folks got reminded on bitcoins).
There's no other option.
Folks who sold must buy at higher price:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FEomPuXu.png&t=663&c=4ZJdX2haeXsHpw)
Then when sell/buy difference since before crash got close to zero we got some top, and rally was over.
(of course panic folks rebought a lot less BTC than they have originally)
Why after that we have another, bigger rally? Well, maybe we have a rally because we have a rally ...
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)