Wednesday, March 18, 2015

Bitcoin Drop Today

The price of Bitcoin has dropped around 7% ($20) today.  This is a very sudden movement, as opposed to a gradual decline, so if we were to look for an astrological trigger I'd look for something that moves very fast like an inner planet.

The best culprit I can find is Mercury, now at 8 Pisces.  Mercury is now conjunct transiting Neptune at 8 Pisces, and both are conjunct Bitcoin's secondary progressed Venus at approximately 7 Pisces. If this supposition is correct, the price will recover very quickly:  in the next 24 hours. 

I've mentioned in one or more previous posts that transiting Neptune conjunct Bitcoin's progressed Venus is a relatively long-term (maybe another year or so) factor likely to suppress the price. 

March 20, 2015 at 9:14 AM Mercury may have actually been the culprit -- the bottom was the day of the transit. I was wrong about the recovery, which has only been partial.

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