If major investors have a price target of $500 or $1000 the recent price action and volumes mean they have to buy quick as the "cat is out the bag" and they can no longer quietly accumulate on dips as there are no dips.
If the canny Western investors are NOW aware that China is their major competitor they must beat them to the draw as far as possible and buy now at current prices or China may eat up all the coins priced below $400 to control the market.
Does this therefore account for the rise in volumes and prices. Is it now open warfare on acquisition?
Will this trend continue?
Today's High Mtgox $321.517
todays High BTCChina CNY 1,899 $311
https://vip.btcchina.com/Today's Volumes
Big3 139,000
China 168,000
Total 307k
