Why is Bitcoin so stable in price after a big drop? back in September:
What is causing this?
My guess is this is manipulation, and my next guess is someone is waiting for order books to be filled before placing another big sell (or buy) order which will cause the next price jump.
This stable price more or less continued until a few days ago, when the big price drop started.
well first of all this is bitcoin we are talking about, you don't need to wait for the order book to fill up, it fills up in half a day, or in 24 hours tops and doesn't change that much afterwards.
the stability lasted a lot longer than that.
secondly when price becomes stable, traders leave the market. and their leaving means they take their money out of the market. and that means less bids in the order book so if someone was really doing that, they were clearly seeing order books thinning instead of filling up.