Some believe this is a big bull trap being coordinated by whales where btc will pump up to around $11k to $13k and then crash down to $3k to $5k range.
nobody believes that, and there is no idiot speculator that is incapable of reading the charts enough to think something like that is even possible!
what happens is that a lot of idiots have heard the 3 letter word called F.U.D. and think to themselves that if they spread some bullshit around they are spreading FUD and they can make the price go down enough for them to buy $10 worth of bitcoin

some people like to live in the dream, who am i to wake them up.