After the collapse to $353, Bitcoin’s price began rising back to $390. The panicked mood of the market players, which was caused by the action of Mike Hearn, did not last long. It is obvious that the current situation with the price of Bitcoin will gradually level off.
Patrick Dugan, CFO at Omni Foundation commented to CoinTelegraph on the situation:
“My point is the technical catalysts for selling create a situation where anyone with a position in the world has a motive to sell, vice versa to buy when it goes up. The cohort analysis of who are the major drivers of volume is tough to do because this isn't an MMO and we lack the data.”
http://cointelegraph.com/news/116078/daily-bitcoin-price-analysis-bitcoin-resumes-growth
