Majority follows bitcoin. Bitcoin is boring at this time. Exchanges must be frustrated by lack of volume. They are making much less than with high volatility and high volume. I’m watching bitcoin very closely and even I don’t want to admit it, I suspect bear flag formation on fault chart. Perhaps that’s what we need to trigger the panic selling. This lack of volume is just ridiculous diminishing to the point of nothingness. But that’s what usually happens, from boring to sudden moves with volume waking up all of sudden. However in bitcoin being too boring could mean it’s a great time to buy and I believe that. I saw it so many time, especially in stock market.
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Well, things have picked up a bit today. Looks like a panic break to the downside down to support. 😱
We'll see if it holds or not and whether it turns into something bigger. Everyone's going to be watching for signs of reversal. The question is where it will come from.