Bitcoin does it again and how many more times will it happen?

As noted here earlier today, Bitcoin flirted with the idea of making a clean break above its 50 day moving average during the Asian session. Well, as already noted here earlier this morning, the rise above that moving average (then at 61,381) was in no way conclusive. Since then it has been falling back and now it is given up an earlier afternoon test of 61k and subsequently slumped back below 59k once more. The low seen so far has been set a moment ago at 58,708, but it might not be done with the downside yet. So, once again the question is asked for an umpteenth time; how many times will this disappointing price action unfold before a whole bunch of BTC bulls decide to capitulate? That remains to be seen. BTC is currently trading at 58,870