Bitcoin price keeps dropping after/before hitting 20k Yes, bitcoin will hit well above 20k but it will hit the bottom, possibly below 10k, before going back up again. Currently, people are too busy buying stocks than buying bitcoin and watch the price going up and down. Some might call it support or resistance but stocks are more...attractive
Whales have been holding bitcoins too long and now they are selling at the high to buy more at the low and they don't need to sell all of their bitcoins to make the price of bitcoin plunges. Selling less than 1% of one whale's holding would be enough to disrupt the bitcoin price. In the stock market, manipulating the share price will land you in prison. However,...