If everyone now thinks that all these manipulations are new to Bitcoin, then I can not agree with that.
All these manipulations already existed in 2013/14, where Bitcoin also fell by about 80%.
This manipulation also came as everyone expected a pullback at $10,000. What happened later? We were rushed through this milestone like anything else.
Even the upmove to $20,000 was pure manipulation. Nobody expected anything like that.
And now to all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6000 or at least see a sharp downmove before we go up again. This is what a correction looks like in every market.
All this will continue until almost nobody has money available or no desire to market.
Manipulation is part of the market. That has always existed and will continue to exist.
All these manipulations already existed in 2013/14, where Bitcoin also fell by about 80%.
This manipulation also came as everyone expected a pullback at $10,000. What happened later? We were rushed through this milestone like anything else.
Even the upmove to $20,000 was pure manipulation. Nobody expected anything like that.
And now to all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6000 or at least see a sharp downmove before we go up again. This is what a correction looks like in every market.
All this will continue until almost nobody has money available or no desire to market.
Manipulation is part of the market. That has always existed and will continue to exist.
www.tradingview.com/...-THIS-Critical-Area/