Bitcoin’s lunatic swings are probably sufficient to ward off most bears, but those with enough guts to short the rallies are primed to make money. The nearly $13,000 swoon that began the week held bulls and bears within a tight range (i.e., $8000), but the breakdown that’s coming will not pick up much support until BTCUSD is trading in the 70k-75k range. That might not have a measurable effect on the kahunas who control this vehicle since they never sell the stuff, but any Robinhoodies who have been buying all the way down will be feeling real pain by then.