During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...
however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...
in essence the theory of my first posting, demand exceeds supply.
You sound like a bubble.
For safetyLike I am about ready to pop? That does not sound good. I better go to my doc for a check-up. I have been feeling a little bloated in recent days, but I thought that it may have been because I was eating too much salt.
