watching those bitcoin price break outs for years. what I do not get is who is selling? why sell on a breakout in a bull leaning sentiment? price was consolidating for weeks. are those only stop losses and shorters getting liquidated? it looks like if there are still traders placing shorts, trying to get the price down. why?
Maybe guys who had $12,000 sell orders already placed on the exchanges. They might be out & about, totally unaware of how the market is playing out so their sells are already placed.