my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities
You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened.
People are so easy to manipulate.
And the next question should be why are people so easy to manipulate? In this market by far the most famous strategy is to hold your coins no matter what, and if investors followed that simple advice we will not see the volatility that we have in this market and this market will be a lot more resistant to those attempts of FUD, but we see the opposite, as soon as a negative news emerges the price crashes, we still have too many weak hands holding their bitcoin and the whales are taking advantage of this.
