Bitcoin Black Friday - Does Bitcoin Dump on Black Friday

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
These charts will show us the the 2015, 2014 and 2013 Black Fridays. There are a lot of things on sale if you buy them with bitcoin . Legend has it that merchants then need to sell a lot of bitcoin that they took in on the sales.
2013 - Price went up through bitcoin black Friday to the all time high, only to sell off violently shortly afterwards.
2014 - Price sold off into black Friday only to bounce and close higher than open
2015 - After 2015 highs of over 500$ the price has found support over 300$ will Friday be a breakout day to the up or downside?

*Bitcoin continues to go up even thought the USD Index is having a big rally, also keep in mind there are more bitcoins on the market than in 2013 and 2014 due to mining.


What if they choose to sell OTC in order to preserve the value?
Krach _TM3K_
I donno, IMO I dont think the sales of the merchants has an impact, but rather the perception that merchants are selling or going to sell.
_TM3K_ Krach
I agree, but with the current bullish daily candle i wouldnt be surprised by the opposite to get people encouraged to spend coin due to higher value because "its different this time"
Krach Krach
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