Yes, calm down. It's just noise.
Bitcoin/USD, last 6 months.
The overall trend, as I've been saying for some time, is a long, slow slide of about $4 per month since the bubble popped back in June. The purple line is a simple 30-day trailing moving average. With 30 days of smoothing, all the little "ralies" and "crashes" are filtered out, leaving a clear downward trend. Note that after each little "crash", there's a partial recovery, and the next peak is always lower than the previous one.
The real question at this point is what the endgame looks like. At a steady drop of $4 per month, we're less than two months from zero. Will we have a hard landing or a soft one?
Bitcoin/USD, last 6 months.
The overall trend, as I've been saying for some time, is a long, slow slide of about $4 per month since the bubble popped back in June. The purple line is a simple 30-day trailing moving average. With 30 days of smoothing, all the little "ralies" and "crashes" are filtered out, leaving a clear downward trend. Note that after each little "crash", there's a partial recovery, and the next peak is always lower than the previous one.
The real question at this point is what the endgame looks like. At a steady drop of $4 per month, we're less than two months from zero. Will we have a hard landing or a soft one?