We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.
Wrong. The current rise is way more controlled, as someone pointed out on reddit I think where I got this pic from, you can see how the angle of the current rise is way more healthy:
Also, notice the big red bar on the august bitfinex selloff and how well we resisted after lossing like 50%... the uptrend still continued.
This is not 2013 all over again, this is just a break, moon trip continues.