These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?
edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.
anyone putting absolute bottom below 2200?
Unlikely that the market is shifting towards a bearish trend.
Bitcoin has yet to develop fully and we'll definitely see some interesting trends leading into 2018. Most larger investment firms are starting to accept Bitcoin as a noteworthy investment and we'll be sure to see a lot of trading volume increasing over the next year.
Regulatory bodies however are starting to come out to play so moving fiat into Bitcoin is starting to become much harder, it'll be interesting to see the impact of this trend. As with China, this may only be short term.
News articles are still playing a huge impact on the price, sentiment seems to be good, likely will see further good news which will attract newer investment.
Problems may arise from the growth of the ICO boom, eventually they will need to cash out, lots of Ether and BTC amongst these companies waiting to be cashed out - could be a problem next year.
In conclusion, climate is still that of an underdeveloped market, lots of factors at play but doubt these are bearish trends.