Wed Mar 22, 2017 4:09 pm
The potential hard fork is another reason for the market to push the price down. Its likely a part of the bigger picture which is how the market positions itself both long and short. The ETF news and other types of hyped-up positive news that generate long interest in bitcoin is now gone (for the moment). If the bitcoin market works like the stock market does, then running past the potential good news and a lack of catalysts often sends the asset into its selling/short cycle. After getting driven to new highs, people will then take profits and shorts will begin to sell the asset short as the coming days and weeks tend to slowly bleed in what appears to be potentially bad news and the prices adjust downward. It seems sitting on the sidelines is a smart move for the average investor/holder of bitcoins for the near term...