[jordanbaucke]

I think Bitcoin's price is dictated less on "fundamentals" in the traditional sense.

And more on it's market irregularities (take for example the inability to withdraw USD via the SWIFT banking system without a 6 month delay from MtGOX)

It makes "price discovery" in the sense of a true currency valuation very hard to estimate, and the illiquidity makes the instrument very prone to HUGE run-ups and sell-offs. I actively trade it, and believe that a price target of over $1000 is a strong technical possibility. Though what it "resets" to after this run-up is anyone's guess.