Why do we see this selloff?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
289 1
We see it because a lot of people bought in in the blue marked area.
We they saw, that they were about to make a loss and the trend doesn't continue upwards they sold.
Simple as that.
Pure panic! We are seing several good news the last days. Sell now and regret later.
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