Attention Bitcoin Traders: $20 is About to Fall!

Looking at the Mt.Gox USD market depth, it is clearly evident that the $20 barrier is about to fall as Bitcoin surges toward the all-time high of $31/BTC. The Mt.Gox Live picture says it all:

(Chart courtesy of Mt.Gox Live)

Taking a wider view of market depth, it's apparent that the amount of money sitting on the bid side is ready to overwhelm the Bitcoin market. Expect a run into the mid-twenties in the near future. Happy trading!

(Chart courtesy of Bitcoin Charts)

Posted in: depth,MtGox Live