Expect that these manipulators/whales are going to try and shake off buyers big time before pumping it higher. The ridiculousness of it all is how well bitcoin has recovered from the bear market after being proclaimed dead by so many naysayers. The tricks/manipulation is wearing extremely thin at this stage, as bitcoin is clearly a desirable store of value which is obvious by how well it recovered from the bear market of 2017/18. Since it's obvious that bitcoin is so widely desired by many people globally, any such attempt at pushing it lower will be specifically used to accumulate more for whales.
As the old saying goes, 'fool me once, shame on you. fool me twice, shame on me'. Do not let this incoming sell-off fool you.
As the old saying goes, 'fool me once, shame on you. fool me twice, shame on me'. Do not let this incoming sell-off fool you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.