Dear @neavvy indeed. At least at this point in time. I am in disbelief that the price of bitcoin is so low. Some people have noted that this is probably due to end of year taxes avoidance but i have a feeling this low price is due to some controlling force aligned with the federal reserve. Crypto has certainly disrupted the fed....to the injury of all the fed is now disrupting cryptocurrency. Just two bits. Intuition only.
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Thanks for your reply @jazzresin. Tax avoidance is an interesting hypothesis but consider that this time last year bitcoin had a record-breaking price, so in my opinion this cannot be the main reason of the current dip.
You are right, this is very probable.
Regards,
Jan