Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 20/01/2015, 18:53:14 UTC
Price has flatlined since the Coinbase announcement pop.






Well at least it has not tanked like the dozens of other times acceptance /good news hit.

My prediction:  Whale traders have known about the Coinbase deal for the last week, perhaps longer, and have been propping up the price in hopes of new buyers rushing in.  If they don't get the expected rise they want/need (+20%), they will dump again soon.  They're gonna dump either way.