This year they started with the CBOE and CME futures contracts on bitcoin, which some people think is also influencing the price. It's interesting that this seems to happen every January though. Some say it's the Lunar New Year, but that's a different date every year and accounts for the biggest mass exodus of people in a region and lots of cash being spent.
RE: Bitcoin Crash Cycle From 2015 to 2018 So Far
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Bitcoin Crash Cycle From 2015 to 2018 So Far