Well, that didn’t take very long. $120,000 of Bitcoins were rapidly purchased on the Mt.Gox USD exchange, breaking down the ask wall at $20 and pushing Bitcoin over the $20 mark for the first time since the July 2011 bubble. Resistance beyond $20 is minimal, which will likely lead to a spike into the high-twenties before trading settles down again.
(chart courtesy of bitcoin.clarkmoody.com)