So it's happened. The warnings pre futures market were announced in late December and early January. In the part of the year that is normally a slump for BTC the futures market was released. There are various articles out now showing the comparison between BTC and gold when golds futures market was released. Play by play they are very similar. The price needs to be low so the big players. in this case banks. can scoop up as much as possible. Notice how when the contracts were up this week the price shot up nearly $1000. This is definitely a mix of manipulation and consolidation all at once.
The good news is that the "get rich quick" crowd has largely abandoned the currency in favor of those who believe in it and have a vested interest in its continued survival. As we enter the early part of this seemingly bull run, watch what the banks and futures do.
Stay cool!
Hypersonic