Nice analysis @vj1309, though not outside bitcoin’s normal range of volatility — the market pulls back by 30 percent approximately once every two months — this is the largest correction since U.S. exchanges CBOE and CME launched bitcoin futures contracts, which shows that this downturn carries particular importance for bitcoin’s future.

Either this sharp price correction will act as a catalyst for expanding what, until now, has been quite limited institutional involvement in this market or it will become a stage in the deflation of a remarkable and historic asset bubble.

Love to read your articles....keep it up buddy