Upwards channel.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
135 4 2
Resting consolidation, upwards flag, rinse repeat.

Price appears to be proceeding upward in triangles for time being. If 100 is held, I expect pig traders to join the rally. Expected resistance at 105-106 range. Rally range unknown, potential bubble kickstart. Personal estimate: 130.
Ok! As your chart was hourly, I thought your target was expected in the very short term :) Reaching 130 in 3 month seems quite feasible if we stay above 100
Personal estimate @130 ? That's far from here. How long do you think it would take ?
MrJozza marvinrouge
Hard to say really. <3 months though. The rally fire needs some fuel like media outlets reporting that 'Bitcoin above 100 again' and talking about previous peaks of 266. We need pig traders to follow on to this for the parabolic price increase you want. Maybe 6 months conservative. We are still talking about a profit that hedge fund managers only dream of though.
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