Over the last decade, this market has become all too predictable.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
Germany selling....Mt Gox liquidating... blah blah blah, it's all fake news cover story for the move down.
Here's the
real reason.
Last chance they have as the recession is just about here and the following brrrrrrrrrrrrr will prevent them from playing these games. Had to be now, or never.