I think maybe some people are taking year end profits? Definitely manipulation, but maybe as a trend and not intentional. Could also be triggered by automated selling? Just guesses. I read yesterday that the floor for BTC was around 11K. BEFORE the decline started that article appeared. Could be some panic with a lot of novice people invested.
Yeah I saw that too on the floor, I think it will go lower tho. Thanks for the visit.
I'm thinking the same. If there is a panic sell off, it could drop significantly. When it his 50 after Cypress, it dropped to ten, which was an 80 percent drop. When it hit 1200 during the first congressional hearings, it dropped to the 250 range, nearly 80 percent in drop. It hasn't had that type of correction since. But I would put the floor around 5,000. That's just based on my having watched it for eight years.
Not that it will drop to 5,000. I just believe that may be the lowest.