The Bitcoin price is falling because the Google Trends search volume is going down. That's it. All of the technical analysis and China news is just a mirage tha

The Bitcoin price is falling because the Google Trends search volume is going down. That's it. All of the technical analysis and China news is just a mirage that makes a few jolts in the short term. http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q http://www.google.com/trends/explore#q=bitcoin&date=today%20... And it will keep going down until the search volume stops going down, at which point it will stabilize, and then start to go up once again. Of course, this says nothing about whether the recovery will be $7 to $30 or $450 to $4000, but it's a pattern that has been quite consistently highly correlated with Bitcoin price movements in the past and I see no reason why it should not continue to be in the future. Edit: the turnaround may be quite soon. We can already see that the price has actually moved by pretty much exactly 0% in total over the past 30 days: http://bitcoinity.org/markets/bitstamp/usd http://bitcoinity.org/markets/bitstamp/usd