Bitcoin's Latest Rise Was Manipulated?

[el kaka22]

I think bitcoin's latest fall was manipulated. Price is already high right now and we all know $9k+ is a good price for bitcoin, it makes sense that around $10k could be the level where bitcoin stays, there has been a lot of times when bitcoin was around 10k (a bit lower a bit higher) that really stuck and people didn't matter. Like nobody was sad it is at 10k, nobody asked for it to go down, nobody asked for it to go up, nobody said it is too low, nobody said it is too high. Everyone basically accepts 10k, we all think it is a price that is perfect.

People are not out there saying it should be 3k instead of 10k, nobody says it should be 20k instead of 10k, if it goes to 3k people all buy because it is cheap, if it is 20k they all sell because it is expensive, but when it is 10k it makes sense.

[bhabygrim]

I don't believe that it is a manipulation because this is such a huge increase.
And how many people or how much money would it take to make this jump ,
And what could be the reason for them to make it rise  up?

[syaripudin]

there is a possibility that the recent increase in the price of bitcoin can be manipulated by the pope to market prices, because no one would think at all if bitcoin was able to increase in a short time and after that again experienced a significant decline. if it were not for whale manipulation, there might be other factors as you say so that the market price increase in a short period of time could pass.

[EdenDice]

Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!

[Ryker1]

Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!

Well, I will disagree with your word that bitcoin would be nice if a stable coin. Being volatility of Bitcoin and it's natural to fluctuate there are massive adoptions just because of the pump and dump. When pumped, cut your profit but when a pump, just hold or reinvest more. Indeed, we do really don't know what is the accurate news regarding that, probably all are a coincidence but the fact someone playing on the market price.

[Hypnosis00]

Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!

Maybe it was China's pronouncement towards the crypto that could contribute something but not literally it creates a huge hype causing Bitcoin and even altcoins to go up. Well, it has to say thank you for China. I'd never think it was another game for China to back again and give crypto's support but probably the realization comes into the leader's mind where they are able to see the importance of it.

[darkangel11]

Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!

Say it again please. Where is it declining heavily?

It looks like it doesn't want to go above 10k but it's not declining. If anybody thinks that the move up was manipulated I say that the last move down was. Please explain why do you think that Bitcoin should be trading for 7k right now or lower? I see 9-12k as a very nice stable channel on which it could remain until the halving pump. Do you really believe it's not worth even 50% of its ATH?

[samcrypto]

I don't believe that it is a manipulation because this is such a huge increase.
And how many people or how much money would it take to make this jump ,
And what could be the reason for them to make it rise  up?

More good news around the world specially in China so I think this is really not manipulated buy a good hype from China. The latest pump is healthy and good for the market and with bitcoin, though whales can really move the price like this but i’m confident that this is a real pump.

[boltz]

Well we always call the price of Bitcoin being manipulated but be glad we had the chance to buy again under 8k$ even for a shorter time. Maybe it was manipulated , I honestly don't mind as long as its continue to climbing that mountain to new ATH which may come next year after halv occur.

When Bitcoin goes up speculators call manipulation , when it goes down they call manipulation also , can we just appreciate the fact that we still have time to accumulate in order to be prepared it it goes higher or simply have the cash prepared in order if it goes lower ? 

[Kemarit]

"Buy the rumor, sell the news", simply as that. When when the so called statement of the Chinese leader are out, crypto media outlets pick them up, and then perhaps some big whales capitalized on that news to pump the market and then people started to join and FOMO. That's how the market's been operating, the problem is that people here are irrational, as long as they can join the hype train early in anticipation of a sudden price moving upward, they will do it. For me it's not bad though, and as I have said, if you have been in the game for so long, this looks like manipulation and as long as you make some decent money because of this FOMO, then it's good for us, IMHO.

[btc_angela]

Well given the fact that it is well manipulated and orchestrated by some bad actors from behind, did traders took advantage of that situation? I mean this is very important as we all know that manipulators are just waiting for the perfect timing and two days ago they found some positive news and spin the market again on their favour. So I do hope that speculators/traders took this opportunity to their advantage as well to make good money shorting bitcoin.

[kanayaTabitha]

Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, there are also who are looking at the possibility that this movement is actually just manipulated.

Right now, Bitcoin is back at $9100 per CMC and seems to me like is taking some rest for a probable another big dip. Do you believe that this is just a manipulation and because of that it could not hold on to the $9000 price?

I don't think so, because the fundamental effects from the good news to the price is often happened. Currently bitcoin has breaked it's resistance and stand still on $9500 which is new support. A little drop after it reached 10K USD is a usual thing happened in crypto because people are selling after they get a decent profits. But i think the price is currently stable and just wait for another bull run

[LogitechMouse]

The news of China is one reason why Bitcoin pumped instantly (around 40+% in just a few hours). Aside from it, there is a bit of manipulation coming from various institutions and rich people. They just wait for the perfect opportunity to buy and sell it.

Bitcoin reached the $10,000 mark and after that, it dumped at around $9k - $9.1k. Just another bull trap is confirmed but now it is moving sideways at around 9k-10k. Lets see how it moves within the next days .

[STT]

Mouse That sounds very negative against the big rise on the chart, I'm interested in why you think it might be a bull trap.    I'm trying to decide myself if this qualifies as an end to the downtrend or is just noise before we correct back below the ongoing trend of the last few months  (which is negative).




Here is my rough view of previous trend and Fibonnaci of the all time high.     I doubt I will be able to decide today, I'll be watching the 8 day blue line for this week and for us to stay above it and also I want the 50 day average at 8885 to be positive and price to be staying above it confidently.   Surely we must be testing that confidence probably the next thing this market will resolve to do.

To answer OP no it was fair enough that we rose from the lows, on the chart to hold this line would be a flag to some canny traders I guess; the amount of the rise is surprising in such short time.   We could say its somewhat artificial because it was instigated by the speech of a political leader, actual actions and fundamentals to justify such a change will take months to years.    It cant be said to be fake or manipulated especially unless you want to believe the red party took a BTC position prior to the speech.

bitcoin surged through all technical resistance in no time at all.

That can happen, volume is relevant to that judgement.   Any resistance or support is just a maybe, higher probability but we never have certainties.

[crwth]

If you call whales who have the power to turn the tides into their favors manipulators, then it could be true. I doubt that it's completely manipulated. In stocks, it's common to have big players to accumulate in a low price, let's say that was around $7000 range of BTC after they are done the gathering, then comes the price up to $10000 then sell for a considerable profit. Imagine, it's easy for them to do that because they have large sums of capacity and power to do that.

We cannot do anything even if there's evidence around it, all we could do is be with that trend or make the right call, and it's going to be alright.

[Coin_trader]

Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!

Well, I will disagree with your word that bitcoin would be nice if a stable coin. Being volatility of Bitcoin and it's natural to fluctuate there are massive adoptions just because of the pump and dump. When pumped, cut your profit but when a pump, just hold or reinvest more. Indeed, we do really don't know what is the accurate news regarding that, probably all are a coincidence but the fact someone playing on the market price.

No mass adoption will happened if the price will be as volatile as what happening. The SEC will never approved any ETF for a volatile price because its too risky for investor. Bitcoin doesn't need to be stable but it needs to be free from manipulation. It's either have a thick price walls or remove all unregulated exchange so that no one can manipulate the price easily.

[adaseb]

If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

There really aren't too many moments in bitcoin history with the dramatic rise from $7250 to $10600, hence it can't only be manipulation.

I think part of it was the Xi news, part was short covering and another part was people who had money on the side ended up buying back into BTC hoping to see it rise further past the $13800 price we got in June 2019.

[Tylev]

So far, no one has cited any real facts of market manipulation recently, when bitcoin in two days grew in price by two thousand dollars. I also do not even see real positive news that could lead to this. The news from China is not so serious as to have such consequences in the cryptocurrency market. Although, let everyone remain in their own opinion. Someone likes to consider this increase in the price of bitcoin as manipulation, someone believes that this is simply a return of the price to the usual value for bitcoin.

[figmentofmyass]

If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

indeed, the market stood the test of time---3 days later and it's still floating around in the $9000s. that's not what a stop run looks like! the most obvious explanation at this point isn't manipulation---it's that buyers are in control of the market again.

[TGD]

If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

There really aren't too many moments in bitcoin history with the dramatic rise from $7250 to $10600, hence it can't only be manipulation.

I think part of it was the Xi news, part was short covering and another part was people who had money on the side ended up buying back into BTC hoping to see it rise further past the $13800 price we got in June 2019.

Check the volume of BTC when the price start to dump then compared it to the volume that happened recently pump. Although no one can prove price manipulation due to all exchange is unregulated.

That xi Jinping news is not actually pointing out bitcoin because he clearly stated blockchain. I think whales manipulators just timing on that news to pump the price. The price movement is off the chart which is clearly a sign of manipulation.