This current bearish trend isn't going to stop until the price falls to the point that the market regains its previously reasonable trading volume. Most of May was characterized by no-volume "stability", with the price only floating 110+ because of systematic large buys by major players coupled with bot action producing an illusion of trading volume during periods of no-volume. The roll to 135 was nothing like the roll from 110-165 in post-crash April, where volume was high, there was constant trading, and Gox still had a deep verification queue with millions in fiat being wired while almost nothing got withdrawn.
This fall will have a lot of bull traps with people feeling that lower lows are cheap coins.
BTC was absolutely not post-bubble "stable" 110+ amidst no trading volume after trading for the rest of its existence sub $50. It's just currently an incredibly manipulated market where anyone with a few mega can have a huge short-term influence that produces illusions for smaller positions and makes money for their own.
This fall will have a lot of bull traps with people feeling that lower lows are cheap coins.
BTC was absolutely not post-bubble "stable" 110+ amidst no trading volume after trading for the rest of its existence sub $50. It's just currently an incredibly manipulated market where anyone with a few mega can have a huge short-term influence that produces illusions for smaller positions and makes money for their own.
+1
Couldn't have put it in a more clear and succinct maner. The bubble popped, but the price is still artificial. Real exponential price of Bitcoin is around 45+ USD. This is typical of bubbles bursting. Big chunk of the price goes down relatively fast, but then there is a slow downward trend that can take months until we reach the real price again.
