I am confused.
This new downtrend was due to the price rising too fast? And someone sold a shit ton of coins because why? Makes no sense. Why not just let the momentum buy through your ask wall.
The only reason I can think of, is that with these past few days being in such a huge spotlight, might as well crash the price down and discourage new buyers, giving me more time to accumulate coins.
I mean seriously! Am I just stating the obvious or am I way off track?
The downtrend is due to the fact that the price was high.
As the price increases too fast, people sell the Bitcoin, because they want to take profit.
no wai
rlly?