According to Arthur Hayes, Co-Founder & CEO, BitMEX
selling pressure will continue until mid-February, until if one of these three following black swan events transpire before the expiry of March 2017 futures:
1. The PBOC aggressively devalues the Yuan
2. Marine Le Pineapple Pen is polling well in French elections
3. Trump passes a massive infrastructure spending bill
source: BitMEX Crypto Trader Digest Jan 27, 2017
what is the relation between Marine Le Pen polling well in France and the price of Bitcoin?
I could understand Trump having some influence in the price, but France's economy is nothing close to US's one and I don't see any anti or pro Bitcoin stance coming from her party
also the US debt still is too big, will he be able to pass such bill in the next few weeks?