You know... with there being thousands in BTC volume traded daily. Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.
Someone is selling.
Our bull market is being quietly held down by someone or someones selling.
I believe it's that simple.
That's a reasonable explanation.
If I knew the seller, I'd try to persuade them to wait. There are many things coming that should increase usage and demand (multisig, Kovri, mobile wallets, hardware wallets). Maybe they really, really need the cash now, and if so that's understandable. But there's so much potential ahead. I can't let mine go.