It is driving me nuts why $5.6 seems to be the price bitcoins is currently being stable at.
Why do you guys think that bitcoins can't seem to fall below or above around $5.6.
If it falls below that point, it is quickly bought back up to $5.6 or above.
If it goes above $5.6, it seems to fall back to that point.
Is this just the psychological price level? Is it a price that market players decided to set a price floor at and if so why?
Whats going on?
To me it looks like market players put a price floor at around $5.6 and decided they don't want it falling below that point.
