Your guess is as good as mine Ray. My thoughts are torn between manipulation or "newbie" investors running sacred and crashing the market.
Bitcoin had a massive rise due to new money being chucked at it by "get rich quick" idiots that have no idea what the blockchain is or what it does, but saw an opportunity to make some quick cash. When coinbase launched bitcoin cash it scattered the market investors and new money didn't know its ass from its elbow and started flipping between the 2. In my opinion this has had a 2 fold effect, the money going to buy bitcoin and causing its sharp increase got diverted in to other cryptos that lead to bitcoins price stagnating and people started pulling money out. Slowly at first, but more and more new money(get rich quick kids) panicked and this nose dive is the result.
OK I've forgotten what the point of your blog was now.
Right I'm back - maybe not to buy any more yet, wait for the crash and stabilisation to occur and buy back in. I believe cryptocurrency has a future, it might not be bitcoin, but the blockchain and cryptos are here to stay.
Sorry this post was so long
Excellant way to look at it and this could be the case.
I'm with you 10k would be my trigger. The correction that takes us back to similar prices before the December buying hype.