We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.
Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?
My thought wont be as negative that anyone does. It isnt failing to recover, it does recovered in a slight and slowly phase that is different from than the much faster happened last year. Mtgox is already a done controversial news and happened to be used in FUDs to strongly crash the market. They have given an statement regarding this issue and thats good enough.