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!
