What the hell is going on? I was kinda joking when I predicted $20,000 before christmas.
Bitcoin is however trading at between $15500 and $16500 on the other exchanges. This is some weird and interesting shit. My guess is that this is going to be painful for those who are buying at almost 20k on Gdax. But the volume today is insane, and each time there has been a small dump, bulls have taken control almost immideately.
I suspect this signals that 20k is within reach, and after this correction people will slowly buy again. The only downside is that alts a getting slayed. Hopefully profits taken from Bitcoin will be put into alts now.