Nobody is talking about the reason for this rise!

[bit1]

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

For every spender, there is a receiver of bitcoin. Yes, some of these coins will be converted into fiat, but some of it will be retained in the form of Bitcoin too. So you can't look at this as a reason for any of the drops.

Ok, only one more thing, 1-50  range couldn´t be considered  as dropping too much, and less considering that price could go up again as in the previous days.

[richmcrich]

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

No, that fall was just an usual market fluctuation alone. Bitcoin prices are damn stable around $730 price levels. This stable prices definitely will help it to break its resistance levels around $760, if it happened we can see $800 so easily.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

People are getting ready for their celebrations like Christmas, New Year and January month has many festivals for different culture people, so we can expect bitcoin prices to keep on increasing for next two months for sure.

[d@nte]

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

This may be one of the reasons that led to the recent drops, especially for taking place over a weekend. But I believe that the price recovery will occur quickly, because factors like these, involving India and China, will probably continue to be priced in for some time.

[JimboToronto]

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

The recent tiny dip? Not deep enough for me to buy into, a mere bump on the long road upward.

Black Friday? That means nothing to people outside the USA. Do you think they care in China or India?

Or the rest of Asia, or Canada, or Europe, or Africa, or South or Central America, or Australia?

Sometimes some Americans allow themselves to get brainwashed into thinking that the world begins and ends in the Land of the Incarcerated and the Home of the Emboldened.