CuriousWon, Based on the chart it looks like at least $5000 for Bitcoin in the current move. One thing that's impressive about the Bitcoin chart is its relative orderliness. It chugs along, consolidates, and resumes an orderly upward trajectory.
The percentage moves are large, but it's orderly and doesn't get too crazy to the upside before a pullback and consolidation occurs. The lack of blow-off tops and crazy reversals is a sign of a healthy chart where the trend has legs.
Which brings up a question - do you know if there is a mechanism for shorting Bitcoin? It sure doesn't look like it based on the chart. If the hedge funds who are now big participants in trading Bitcoin were able to short, one would expect a much crazier chart with huge periodic crashes. If they can't short that would explain the relative orderliness.
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