Some analysts explain the recent decline of Bitcoin price by the Wall Street investors, who tries to enter the market massively for a discount price after the first future contracts expired January 26.
manipulate has always been happening in all markets including bitcoin. and with bitcoin it is just more intense because it is easier to manipulate a small and unregulated market than it is to manipulate a big market like gold for example.
so this is not new!
Here a quote from a trader with large followers on Telegram:
aka a pump and dump scammer!
Bitcoin price prediction cobe and C.M.E contract is expiring on 26 Jan 2018 on this date after contract expiration we will see biggest Bitcoin pump of history wall street buy back of Bitcoin .Bitcoin future contract mostly got long postion holding which is mainpulated by wall street players Before 26 Jan 2018 wall street buy altcoins and we will see another huge ATH for altcoins before 26 Jan 2018
What do you think?
we will see a rise but not because of this quote.
the same thing happened last year and the 2 years before that. so we have already 3 years of same pattern being repeated. it has nothing to do with CME which only started this year (or Dec 2017).
and the rise is because of the increased adoption and the accumulation that is currently ongoing like it always does.