Bitcoin is clearly in demand.

[Bitcoin Machine]

Bitcoin is clearly in demand. And obviously most wish to purchase at lower prices. Each day a larger quantity of people become holders of Bitcoin with a percentage for long term savings. Therefore the supply of Bitcoin will continue to decrease causing the price of Bitcoin to rise. Especially long term.  The market demand is still unpredictable in the short term but always seem to move faster than previously thought.

[wasserman99]

maybe. large btc holders also wait for big bids walls to appear to sell into with minimal slippage. so there's that.

[Sindelar1938]

No real reason to go up or down
So stuff like china news drives the price action

[Gimmelfarb]

someone wants the price to go back up, LOL. good luck!

[AustenN]

Does anyone think the same thing that happened in April is happening again? People are so frenzied and terrified they are mass selling causing latency on sites like MtGox to go up. This latency depreciates the liquidity of bitcoins and in turn bringing the price down. I want to buy at its lowest but who knows when its going to stop dropping. If it gets to 400 I am buying!

1KcF9vHEu1M4gTSTMQjVWJo4RKXp4Wcnxd

[Gimmelfarb]

it's not just lag. this is the beginning of a downtrend. the signs are pretty clear.

400, here we come!