Bitcoin hit a record high on December 17, 2017, the very day that CME futures began trading. In hindsight, it is now clear that 'smart' / institutional money was in reserve before that date.
Since December 17, Bitcoin has found itself in a bear market. The remainder of this analysis will focus on trends observed during the market downturn, but also on signals likely to signal the end of this trend.
Again, this is a very simplified explanation of how the markets work, but it is more useful than simply following up on fundamentals or news that can be misleading. We hope that market trends make more sense to you now. The graph indicates that we are ready to go back!