this. I just don't see much ability or drive to break lower than 210. Charts have bounced off the 180-200 range several times and it looks like a bottom with decent support. At some point even the bears have to become bullish (they need coins from somewhere)

Most of the coins sold are from two sources: early adopters, and current miners. If someone bought $2000 worth several years back (anything from 200-2000BTC) its only logical that since the peak of 2013 they would have been slowly selling off some of those coins to lock in a profit, while likely retaining at least $5000-20,000 worth and which point they would likely hold and wait to see another price rally.

That means fewer and fewer coins in the sell wall are from early adopters, and instead come from mining (which is becoming more costly and will undergo halving in about a year)