So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (
https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?
Although the bitcoin market is already in uptrend, but is still don’t doubt the hand writing of whales on this current increase,, that increase of April first was still understandable because the movement was little and we can still attribute that to organic pump, but you see the one we witnessed recently that made the price jump from $10k+ to over $13k, that was too absurd, and it could only be linked to whales manipulation.
The effect of it is what we already saw, how there was a sudden price dump that gulp over $2000 within a very short time, so for those who are clamoring for whales to pump the market, you better be ready to play along with them, or else it be like magic the way they are going to dump the market heavily, what we need to really be encouraging is organic pumping, which is usually from genuine private investors, and also large financial institutions.
