This price action to me says the market is pricing in lower value for bitcoin. Now that doesn't mean it should just fall to it inception price. I have 23200 for Bitcoin to make another leg lower. Essentially in my own terms balancing the market for the time being. Now ive had other speculations for upside potential for the coin one being 26k but it fell just short. This tells me whatever institutions or company's or what have you, that are engineering price to a premium, so they can liquidate their longs at a better "price", these individuals are settling for less then what they really want. In lamest terms the liquidation of #bitcoin is happening and its happening quicker than what they thought. If we are to make it to 23200 and we soar right through ill look to re calculate for further upside potential. For now I see it going there(23200) then to 14460. Cheers.
