"BTC expected to be go down after December 11, there will be an event - "Chicago mercantile exchange" and BTC is pumping funds for that" is this news true guys?
I have been watching some "Telegram Groups" too where they are spreading some flying FUD that Bitcoin is going back to $1000 soon because all this (bubbly pump) happened to make Chinese investors shift their money and get people in Bitcoin's trust and once it reaches 10k, the whales will come out and start throwing it off on us. I know this is bullshit but we need to remain careful because we can't deny the fact that it has gained more than 900% in just a few months which is not something that can be taken for granted. I am not against the price rise, but I think it will rebound surely and get back to at least half of its price (ATH) but not in this year.
thought this might've been one of the contributing factors. there's no real backing to op's claim that i could find, and ive been hearing about all these telegram and other social media groups full of people who have absolutely no idea what they're talking about. the claims these people make are ridiculous first off, but im thinking its all just them spouting wishful thinking on their part as their 'expert predictions.' getting pretty annoying now that there's so much more of these posts going around now though.
I think 10k is psychological boundary and we will see plateau for some time before going up again.
and why would bitcoin have a psychological boundary? its fucking economics. stock prices dont just stop because people think it will, they shift according to how the company does and the general market trends. at least make your words coherent.
