I guess there are plenty of parties who want to dump their stash, which is why everytime we saw a solid support it was broken down...
We all agree the current price is not accurate, but a pump will be hard...
I still wonder why anyone would want to dump. when they could benefit from the increase in the price of bitcoin. very difficult to think that there are still people who have a sense of pessimism.
Those people who likes dumps are those people who do trade bitcoin with huge amounts since thats the best time to buy cheap bitcoin and they know that bitcoin would surely rise thats why they are doing short or long trades on bitcoin. Its not really a rare objectives of some people.