Thursday, February 9, 2017

Bitcoin Drop

The price of Bitcoin dropped nearly ten percent in the past day on the news that Chinese exchanges have temporarily halted bitcoin withdrawals.  The price is still relatively high.

The most obvious astrological transit for the day is Mercury return (two degrees Aquarius) on the Bitcoin horoscope (Mercury representing information/news).  Mercury on this chart rules Bitcoin's Second House Saturn (representing financial struggle among other things).

The price did not respond negatively to the Jupiter retrograde station this week (unless this drop is a delayed reaction).  This suggests to me that we may have a couple of months of stability or even growth based on these factors.

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