This is just a curiosity, which may mean something or nothing, but have you noticed the pantograph movement in the 1 year range?
It appears that Bitcoin is moving down on the same fashion it went up last year on the same date, as if a group made 1 year investment and is now leaving (at high loss):
It appears that Bitcoin is moving down on the same fashion it went up last year on the same date, as if a group made 1 year investment and is now leaving (at high loss):
Well I suppose that's exactly what's happening. Investors bought into the bubble and then continually "bought the dip" as it crashed. Now lots of those investors are beginning to capitulate.
I'm still hoping to see a volume explosion like last February to indicate the weak hands have finally been flushed out.
