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November 23, 2016, 05:12:25 PM

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

doesn't matter one way or another because it is far away, but the end of year was dump time in the last two years

Last two years we were in a downtrend. This year we are in uptrend.

Lots of small size buying from average Joe and Mary countered by few dumping institutionalized centers using borrowed bitcoins. The latter party is doing everything to suppress price. From network tx spam to media campaigns to get big blocksize agenda back in focus. Generally, by the end of the year all shorts have to unwind and borrowed bitcoins paid back. Generally, Joe and Mary don't have to unwind their longs as they don't borrow fiat to buy bitcoin. While bitcoin price keeps creeping higher despite all dump efforts, expect more hysteria and panic from big blocktard crowd.