All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.
Obviously it's weaker the lower the price goes; Lower price means less money present and also interest. The bounces have been getting weaker and weaker ever since MtGox vanished. The only real explanation for the price dropping for more than a year is that fact (gox gone). Shorters will win all the way down to double digits. The world has had 6 years to be interested in a revolutionary technology and they are not interested. The little buys we are seeing now are people scared to death to miss out on profit (driven by fear instead of rationality), but there will be none. That's it.