Folks, it should be OBVIOUS that Bitcoin price is on an artificial downward spiral due to PRICE MANIPULATION at the big exchanges!
More likely because of reckless short sellers.
Short sellers are actually good for the market. They prevent the price from getting too high during bubbles and help the price from getting too low when bubbles pop and when prices decline (because they need to cover their short position).
True but by reckless short sellers I meant the sellers that take huge risks at short selling at low prices which artificially drives the price lower than the market price.