Why is every downwards market movement perceived to be done artificially by some malicious force? What if it is simply that there is not enough buying pressure and the buyers aren't capable of supporting the weight of the market?
Well you could think that the price is being kept down by potential bidders on the FBI auction. But there's not actually much selling pressure either, I think people are generally just waiting for the outcome of the auction and that's why potential buyers and sellers are not doing much yet. I don't see us rallying and I don't see us dipping down before the 27th, after that it's anyone's guess but I'm thinking the market is going to move back up to see if we can pass 700 this time. It all depends on the outcome of the auction, if word gets out the coins were sold under market the price will dip to the low 500s at least. If they were sold at market or higher I think we will see a rally. If we find out absolutely nothing about the auction, which I doubt, we will probably see more sideways action for a while.
By the way upwards market movement is often perceived as done artifially by some malicious force as well, just ask MatTheCat.
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