i guess the 525btc guy from last week is trying to exit... once he is done we are likely to swing upwards again, if it dips to 20 id say the next high will be around 32...
edit: or its just a freaking large bear trap^^
yeah it's going down now. i think more new bc just entered the market. might have to reset to 30k to distribute it all. unless someone is sitting on mintpal with 3000btc.. this sucker is going down for sure.
I don't think so. The 30k range has been tested heavily in the past few days. Wouldn't make sense for it suddenly break.
it was tested with about 20-30mill coins but look at those sell walls that just popped up. i would say that it's someone new to trading and luckily held a tonne of bc looking to cashout asap.
unless u believe those are fake sell walls with the sole intention of driving down the price. didnt seem that way when i was watching my profits slip away from under me at near light speed. ;p
whoever this person is, they know nothing or care nothing for any previous "range tests". we were securely over 50k before they got here. would be silly of them to crash a rising stock.. unless they didnt know how it was progressing.