Nonsense. Total bid is at $21mil. Few millions more than average last few weeks.
Yes. Order book goes down to $21 mil. at about $1. But trading volume is way down. As demand goes down, so will the prices. The spike saw $25 mil. in trade on Gox in one day. Now its about $6 mil. and a lot of that has been dumps.
Actually no.. volume always goes down after a correction and the price starts consolidating before the next big move. It's called the calm before the storm or the eye of the hurricane. Most people don't know what to do and everyone's looking at each other, so that means volume will stay low until either some bulls or bears make the call and things quickly escalate from there. Since the trend was up before the correction and subsequent consolidation, the most likely outcome will be a rally from here. A crash is more likely to happen at the end of a big move upwards, it will usually come sudden and unexpected for most.