at first when we were not on a downtrend (above $10k price) nobody was expecting a drop and it was full on manipulation. price kept crawling upwards but large amounts of bitcoin was being dumped on the market and kept pushing it down.
when the downtrend officially started, everyone changed their strategies because it was obviously a downtrend so it got bigger and will continue getting bigger until we reach a satisfying bottom where the accumulation begins. it is no longer much of a manipulation but the market wanting to go down as everyone is on board!
In your opinion where do you think the bottom could be before there is a reversal??
thanks...
that is the problem though, you can't predict it with bitcoin. there are a lot of speculations out there. some say it will be $6000 some say $5000 and some others say $3000 and some were saying it is $8000 which is now gone.
all i know is that currently we are nearly 70% below ATH and technically the dumps should not be as severe as before the farther we get from it.