Noticed the volume is still in decline but the price is increasing, could this be another bump before we test $6k again?
I think it is most likely right, if you see the charts than there were a large number of bottom shorters that appeared at 6300 the number of total shorts almost hit the all time high from back in feb, i think this was largely due to the fact that funding rates for shorts on bitfinex/ bitmex had become and perhaps still are pretty cheap. In general from what i have seen these are tell tale sign of an upcoming short squeeze which is probably thwhat happened with the pump to 6800.
this is another bulltrap. But it has been passed. The daily volume trade of bitcoin goes down a lot. But it looks like there is a reason behind that. Remember mtgox trustee has a lot of bitcoin to be dumped to the market.
It's a bit difficult even bitcoin can't be considered as security. .
Yeah mtgox still has plenty of bitcoin that it could affect the market heavily if just they trying to dump it all at once but I heard they are going to sell it outside market even though Im not sure about that,
EOS dumping ETH also another factor that makes the market becoming bearish for a long time, the silly thing is that they are wasting their eTH to pump their coin but failed.
