We are now in the cyclical weekend dip of interest...
Ya think so ? Without denying the direct cause effect between news, searches, and the bitcoin price, it seems this "weekend dip" of interest is quite different from the previous ones. The people searching for 'bitcoin' instead of being greeted with the familiar "the bitcoin bubble rising with no end in sight" storry, are now learning about a massive selloff that sent the price to 20% of it's peak. The first story incites greed and mania, the second story is a cautionary tale about people getting burned. It's much harder to sell the "1BTC=100.000$" story to dumb money because now they can see with their own eyes the market does not believe it. Plus, the news space is saturated, without major events like a 5x price increase there's no place for the news volume to go but down.
Call me a weak hand but I liquidated everything and I'm not touching coins for the next 3 to 6 months. There will be resistance on the way down and the occasional bull trap (like right now), but this rocket is landing. Sure, there are still money to be made in daytrading, but that's for professional traders.
