It's been three months...

[hobbes]

...why are we not yet bubbling up again? 

[TERA]

If timing markets was that easy, why isn't everyone a millionaire already?

Also, why are you leaving out 2011 in your chart?

[superresistant]

Unless bad news, it is not gonna take long IMO.

[MatTheCat]

...why are we not yet bubbling up again? 

Cos maybe going by your fractal theory of Bitcoin price evolution we now have to experience another 90% drop as per Jun 2011 - Nov 2011 before Bitcoin can grow again. After we drop down to the $100 range, then the whole cycle is complete? This time around though it will be Nov-Jun, as opposed to Jun-Nov.

[DiamondDust]

I'm pretty new on bitcoin but i'm gonna invest some money now, because it's good moment to do this now. For sure value will be higher in future.

[Dafar]

We've been on a sideways/downhill path for more than 6 months before... are you really expecting a rally after every 3 months? If that was the case then everyone would be rich.  But there will always be scenarios for non-believers to drop out and for patience to be rewarded

[Predatorian]

Be patient guys, we all gonna be rich

[arepo]

Be patient guys, we all gonna be rich

this is why we're not bubbling up yet. still too many weak hands in the market...

[Dalmar]

Market cap of bitcoin makes it increasingly harder for pump and dumpers to pump it.

[devphp]

...why are we not yet bubbling up again? 

coz if you look at the graph you yourself provided, it takes at least 6 months between bubbling-ups, not 3
which assumption should make June-August period interesting.

[hobbes]

If timing markets was that easy, why isn't everyone a millionaire already?

Also, why are you leaving out 2011 in your chart?

Back then there were still lunatics who thought Bitcoin could fail 

...why are we not yet bubbling up again? 

coz if you look at the graph you yourself provided, it takes at least 6 months between bubbling-ups, not 3
which assumption should make June-August period interesting.

But that was the time between the last peaks. We should be on the rise already. Today was not a bad day actually. I just see that from the jag on the 25th of February we are already up almost 50%. OK, from tomorrow on we will officially switch to bubble mode, everybody join the ride and make sure to fasten your seat belts.

[ardana123]

Too much money lost from the gox debacle, only weak hands remain. Big drop imminent.

[niothor]

Look at the gox disaster and there you have your reason for not another bubble.
Although I doubt we would have had one even without the gox bankruptcy.

[JustAnotherSheep]

Cos maybe going by your fractal theory of Bitcoin price evolution we now have to experience another 90% drop as per Jun 2011 - Nov 2011 before Bitcoin can grow again. After we drop down to the $100 range, then the whole cycle is complete? This time around though it will be Nov-Jun, as opposed to Jun-Nov.

[optimistic]A fractal price model could also support one final bubble before a major bear market if the summer 2012 rise is considered too insignificant (or whatever technical justification befits that) to count as a proper wave. [/optimistic]

[mellowyellow]

Too much money lost from the gox debacle, only weak hands remain. Big drop imminent.

Also, a lot are still digesting the news that Mark Karpeles manipulated the price to the last ATH, he also manipulated the subsequent downturn. How much interest is there in bitcoin really? We don't know yet. People are just being sensibly cautious.

There's a great theory on the rise of bitcoin and the fall of Gox here, it's the most accurate theory I've seen so far and explains a lot about price movements and the infamous Willy - if you are an investor in bitcoin you should read this....

https://bitcointalk.org/index.php?topic=497289.0

[Luno]

Looks like there is a feeble attempt to reverse trend. (that's an extremely bullish statement for me to express).

No big money going in, but no one ready to dump either = low volume. Interesting.

[the_poet]

IMO Bitcoin is reaching a certain stability which is great for the currency but of course bad news for speculators.

[zetaray]

With the recent bad news and weak environment, we should be happy bitcoin is stablising at $600.

[devphp]

But that was the time between the last peaks. We should be on the rise already. Today was not a bad day actually. I just see that from the jag on the 25th of February we are already up almost 50%. OK, from tomorrow on we will officially switch to bubble mode, everybody join the ride and make sure to fasten your seat belts.

Well, have a look at that low back in July 2013, we just had the same one 2-3 weeks ago, and after that bottom the price was sort of stagnant and it really started taking off only at the end of October, which still leaves 3 months from now to wait for the same outcome.

[porcupine87]

He is right.
june11 bubble to april13 bubble? 22 months
april13 to nov13 bubble? 7month

So this is easy math. 22/7 = 3, so the next bubble sould be 2-3 months after tha last bubble.