- Bad news still around for btc from all corners, but suddenly it jumped from 9,200 to 12.000 if you see the history at highest volume btc exchanges, you see some people bought it in high volumes upto 2000x btc in 1x around same time.
- Futures contract expires Jan 28
-low volume, crash scared a lot of people
- look like ascending triangle
-Tether keeps being printed everyday by 50-100million, and backed by usd. To me it looks like
someone is buying BTC with fake/printed coins. = Bigger btc manipulation trap. = these huge btc jumps can only be caused by massive manipulation
It's all speculation right now and nobody knows for sure. Obviously it could be a bull trap and we're seeing the adjustment already, but i think that even if it is, it's going to go up first, to something like $20k and new all time high, before it gets dumped to the ground.
Plus, the counter arguments are there. We've seen these big dumps along the way so many times. It could just be one of those.
But this crash is definitely more scary because of the fact that bitcoin broke $10k, and a lot of people thought that it was over. I think if so many people bought in at such a short period of time and the price was rescued up to $10k+ so quickly again, it means that to break $10k again would be extremely difficult to do.