So, recently the bitcoin course has been strangely familiar to me, and i'm wondering if it's just coincidence, or if in fact, there really is a reason for this.
I have far too little experience with this whole thing to make a conclusion out of it, but maybe someone out there who knows his economics can tell me why the market is behaving like that. Maybe i'm just seeing patterns that really don't exist, i don't know.
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Discuss!
There are some similarities in the price graph, agreed, but a closer look (including metrics based on volume) make me doubt the similarity is more than superficial.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F0CXNz9q.png&t=665&c=lC59A9qcprs72A)
(in short, the clues are: (a) price failing to break through, or even stay near, a near-to-the-daily-price running average like the monthly EMA, (b) daily CMF approaching zero this time, while steadily rising in July 2013)