Quote from: TERA2 on January 11, 2018, 07:07:19 AM

The more appropriate question is why is it still up in insanely high amount of 1300% from the previous ATH? Not why it's made a tiny retracement from the bubble high.

The peak of 20,000 was not a real price bought by the whole market - it was just a peak bought by a few traders. Since the craziness ended there that peak is gone and the price stabilizes to where there is actually support.

You're so correct.
The crazy ascent to ~$20,000 started from ~$11,000 level because I can remember very well I wanted to buy some coins a Tuesday morning (local time) and was waiting for it to come down from 11500 but on the contrary it took speed and raced through to $20k.

Normally, $13,000 is a very reasonable base after kicking off from around $11,500 price.

You can't be more correct @TERA2