How could it be that the pump is already over?
People aren't satisfied with this. Miners shouldn't be satisfied with this. This way most people who invested in mining companies are gonna lose hard, they won't allow that, right? The profit ASIC manufactorers made could be invested into bitcoins, the profit mining companies made the last year, could be invested in Bitcoin below a certain price.
Its just a weakhands shakeout. Also a clearing of too much longs. It´s the healthier possible thing before the real bubble. Or even better, no bubble, just common sense, slow pace correction to 3-5k which is the minimum minimorum real price of one coin.
True price should be around 5-15k at least. Just relax, let things take its place and enjoy the following months
In chart guy terminology there was a double top at $780, and a giant cup and handle chart pattern forming over the last two years. At $780 the right hand side of the cup had formed, and we needed a crash to get the bottom of the handle formed. With that in place the price can rise to the top of the handle and the real bubble's 5-15k at least price.