A LOT of money has been made swinging the price up and down and stopping out those leveraged positions.

It's a catch 22 really.  Bitcoin is a worldwide unregulated wild wild west market and people can do whatever the *^&(% the want.  I know Saylor (and others) want the regulation to come stop that from happening as much but it really never can entirely.  No one can control the asset.  There will always be markets who do unregulated things in Bitcoin (and crypto (sorry JJG)).

I think we HAVE to go down some more... but that chart is encouraging a little because the money to be made playing this reliable game means the price want's to be made to go up.  We COULD have bottommed as many people say... but usually bitcoin bottoms are more violent than this one has seemed to have been.

We will see.

Completely unrelated.  I cannot ever see the word "Kingfisher" without being transported back to India.  Many years ago, I was hired to play with a group performing in Andra Pradesh because their drummer had fallen ill.  I was a last minute replacement.  It was one of the funnest couple weeks of my life.  And I will never forget playing on a stage in front of (I think) around 20,000 people.  No big deal in India really...  but for me?  I felt like a rock star.  Well we had to travel a little... and the Indian regional budget airline at the time was called "Kingfisher" after the bird as well, (but really after the beer) and when you boarded one of those planes this video would play on a screen with the EXTREMELY swanky CEO with a hot girl on each arm saying "Welcome! Thank you for flying  KING-FISH-AHHH".  

For some odd reason I will never get that guys voice out of my head... lol.  Your chart made me hear it again, and then I had to tell this story.