Speculators naturally evaporate under heat, its natural they look for easy trends and continuation not the turning points so much which is more of a process of confirmation of various support I think


Its the little bitty 'investors' that matter way more then the whales.   If it was not that way then it'd be all about Bill Gates being negative or whoever, we'd never have got this high in the first place.  They are confounded by Bitcoin because its nothing to do with the usual elite money flow which is, FED > QE > Banks > Blue Chip business > Long term owners of low tax assets.
Gates can issue his debt for 1% over five years, BTC function at present anyway represents no purpose in comparison to that

Real capitalism is coming from the billions not the rarefied Washington lobbyists.   BTC might not be quite that large but its probably much more diverse then has become normal with USD debt economy hence we've had the bell rung for BTC maybe a hundred times now.   I'd like to think it best serves the little guy and prospers by that association, leads to some confusion for those who've had their head in the political trough and see the world through that prism.


I had BTC in downward channel and breaking out.  Just a short term observation but its reentered that channel and come near to hitting the bottom trend line to that formation.   I'm not sure its valid when it varies this much and reverses but my guess this is poor timing for sell on that basis.    A better look would have been confirmation and a further rise above here.  Longer term trends are more reliable to call