It kind of makes sense since the rally seemed to be based on simple hype of Facebook coin and news around it. That started at about $8,000 mark and lets face it the Facebook news really was not good nor is it even here. Then we continued to rally for no reason other then what seemed like FOMO.

For me common sense seems to think we should be sitting at around $7,500 but then again when has trading ever made sense ;) and not based on news.