It almost seemed like there would be no action this weekend as volume dropped and most traders took a few days off to spend time with their families. However, Santa decided to liven up this weekend and cash out a few thousand coins. It is no surprise to see Bitcoin’s price slide on the weekend as that is a relatively common pattern, however, combined with Christmas today’s dumps set quite a panic on the market as Bitcoin’s price dropped over 10% in a matter of hours. In our last night’s technical analysis, we mentioned how volatility is incoming as multiple TA factors suggested, today’s drop confirmed our suspicion.
Read More:
http://themerkle.com/coins/bitcoin-technical-analysis-122615-weekend-panic/
