Quote from: 100x on December 18, 2014, 04:09:45 PM

Quote from: HeliKopterBen on December 09, 2014, 04:02:48 PM

It's possible and price has broken down below their lower trend line. The next few weeks will be very telling to the direction the trend wants to take.

I think it is definitely worth noting that the last spike in price coincided with the highest weekly exchange volume in bitcoin history... double the previous record... mainly China. Over 6 million coins were traded (almost half of the entire coins in circulation) compared to the previous record of just over 3 million in November 2013. That is extremely bullish. http://data.bitcoinity.org/markets/volume/5y?c=e&r=week&t=a&volume_unit=btc

You trust the Chinese volumes? They look like total bullshit to me.

It's not fake. It's just because Chinese exchanges charging zero fee so people keep on buying and selling at no cost.