Bitcoin's Latest Rise Was Manipulated?

[arwin100]

I don't think it was manipulated since the current market condition became stable and that's not the manipulation effect since if we mean manipulation we can surely see a huge dump and volatile movements on following day. And one of the reason why see those uplifting pump is due to the Chinese Government announcement that they will support the blockchain which add + for people who speculating that there will be a bull run by the end of this year and continuously happen by next year since halving is coming.

[DaveWave]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

[InvoKing]

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

[BitHodler]

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...

That makes little sense.... nowadays you can profit from both up and down movements on derivatives platforms, so if there is an incentive to manipulate the price up, there similarly is an incentive to manipulate the price down.

I find it interesting to see how little people know about this market and its short/long squeezes that cause these significant price movements most of the times.... manipulation is only something people call when they lose.

Did you see people refer to the 2017 bull run as manipulation? Or this year's bull run? Manipulation calls were made when the price was on its way down.... people never change.

[el kaka22]

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

But, I do see in different way that the drop was manipulated and the rise was organic. I mean look at the price right now, people are happy with it, they like the $10k price, when it was around $7k or even at $8k people were uncomfortable, they didn't like it, they were thinking about getting out because it could go down even further before going up, basically 7-8 levels made them uncomfortable in general.

However, in the end when price reached around $9k (a bit bigger) they realized that is a fine level, they are not asking for $20k right now, they are not asking for even $15k, around $10k is enough for everyone, nothing more but nothing less. It is a comfortable price where we enjoy the price and start using it how it should have been, for spending and earning or basically sending and receiving.

[watergold]

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

However, in the end when price reached around $9k (a bit bigger) they realized that is a fine level, they are not asking for $20k right now, they are not asking for even $15k, around $10k is enough for everyone, nothing more but nothing less. It is a comfortable price where we enjoy the price and start using it how it should have been, for spending and earning or basically sending and receiving.

In fact, many predict that the price of bitcoin will reach $ 20k at the end of December, even though it is currently stable at $ 9.2k in a few days and this can only grow again, with market conditions like this many investors are buying bitcoin that time has been on specify for example halving will soon happen well from now they already hold bitcoin to reach a price of $ 20k

[Wind_FURY]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated?

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

[Serco]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated?

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it  could drive btc price again.

[alyssa85]

There is not enough liquidity on the exchanges. Not enough existing sell and buy orders. So when someone places a big market order (either a buy or a sell) it burns through the existing orders.

I think exchanges should employ professional market makers to stabalise things. At present they offer a maker-taker discount if you place limit orders in advance across all buy and sell points, but not many investors want to tie up their coins on the exchanges like that.

[bitzizzix]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated?

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it  could drive btc price again.

Manipulating market prices is normal and must be able to respond wisely to avoid panic.
but I am very optimistic that bitcoin will continue to increase gradually to reach the highest price, and the good news is not only from Chinese news with the aim of implementing blockcahin but there is a lot of good news that makes bitcoin increase.

[Silberman]

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?

It is impossible to know exactly why something happens in the market but we can see how the market progresses during the next weeks and make conclusions from that, if this is a new bull market as many speculate then it should be clear we are in one after such time, but if this was a manipulation of the markets made by the whales then we will actually see it as well in the price, I am still on the fence on this one but currently I subscribe to the theory this whole thing was the result of manipulation.

[NewRanger]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated?

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it  could drive btc price again.

Manipulating market prices is normal and must be able to respond wisely to avoid panic.
but I am very optimistic that bitcoin will continue to increase gradually to reach the highest price, and the good news is not only from Chinese news with the aim of implementing blockcahin but there is a lot of good news that makes bitcoin increase.

crypto currency community not only from china,we still have korean with their fanatic community ,japan , and many others .they were support each other, and   each countries has different role in market.and if bitcoin or altcoin not manipulated, cryptocurrency market has no attractiveness. Investor thinking they could not get money from flat market.for them ,more volatile its be more interested for them.

[Apened]

I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.

[Hypnosis00]

I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.

That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.

[Gotumoot]

I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.

That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.

Yes, today's speculations of people raising the price of bitcoin are based on Bitcoin Halving. And that's definitely going to happen especially now that people are preparing to buy a lot of bitcoin.

[alexsandria]

The market is always "manipulated" long and short. Usually with longs and shorts. The idea that the price can easily be moved 20% in a day with a single pump or dump, two days in a row even, should make it obvious to anyone by now. This isn't the first time and it won't be the last.

Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.

Other says that it was Chinas responsibility. Not by manipulating though it was some kind of stuff that is related to their opening of crypto don't the exact situation and it was just a mere coincidence by Whales. If it ain't true, then what's sure for now is that we might as well experience a pumps sooner with these situation rising up side by side.

[Questat]

There is not enough liquidity on the exchanges. Not enough existing sell and buy orders. So when someone places a big market order (either a buy or a sell) it burns through the existing orders.

What liquidity you are still looking?
BTC has the highest trading volume in the market with over $25 billion as of this writing per https://coinmarketcap.com/, I think the volume is decent enough to consider that it has a great liquidity, and these volume are the total volume in different exchanges and big portion are coming from big exchanges.

[daarul50]

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

But, I do see in different way that the drop was manipulated and the rise was organic. I mean look at the price right now, people are happy with it, they like the $10k price, when it was around $7k or even at $8k people were uncomfortable, they didn't like it, they were thinking about getting out because it could go down even further before going up, basically 7-8 levels made them uncomfortable in general.

However, in the end when price reached around $9k (a bit bigger) they realized that is a fine level, they are not asking for $20k right now, they are not asking for even $15k, around $10k is enough for everyone, nothing more but nothing less. It is a comfortable price where we enjoy the price and start using it how it should have been, for spending and earning or basically sending and receiving.

i was pretty pessimist when the price close to hit the dip as low as $6000 even lower to $5000 few weeks ago. thinking that both the rise and fall was never organic but always in the manipulator hands ... once again -it was-

now have got the profit in my pocket after the sudden rise really changing my mind lol , yes psychological factors have a big impact. the rise is organic because of several events making people in FOMO. the down is not because that is the way traders work on making money. 
however i do exchanged the coins out to cash now and i think some other investors or traders doing the same like me , that is causing the market slightly down too in correction, for how long? i think until this mid-month swing will occured between $8500 to $9500, i still waiting for the right time to set the buy order again .

[Hamphser]

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated?

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it  could drive btc price again.

Whenever there is a pump almost everyone would tell that it is a price manipulation and they try to find any possible reason why the market suddenly grow in just a short time. China's president appreciation of the blockchain technology may give some investors to get back or accumulate more or maybe it's just a coincidence that some whales are trying to manipulate the market.

[jostorres]

I do not have any idea if the price of bitcoin really manipulated by someone. Maybe some of the member here say that it was manipulated because as you can in a short period of time the price really goes up and it spike up to 10,000$. But for me, the president of china is also the reason why the price become high and just a couple of hour the price remain at the price of 9000$+.

Has it become a lot of reasons just because his speech that talked about the bitcoin blockchain has increased in a short amount of time? well after the trend has passed and the price of bitcoin is now $ 9,200 whether bitcoin will increase again or go down? I think this is still a question mark and experts haven't given a prediction at this time.

We just need to hope for more fundamental factors like that to always occur for people to build more confidence in cryptocurrency, and I think that another factor that will make a very big increase for bitcoin is when china announces the date for the release of its coin, this will also tend to boost bitcoin price as many people would assume there is going to be a link between the too.

Without china news still, I think that before the year actual comes to a close, we will definitely have the value of bitcoin increase to almost $15k and if not above that. The market is fully recovering, which I think the next target within the next full weeks is $10k, although bitcoin may have found it to break further barrier at the point it reaches $9700, but the next move will break that line.