If this pump does not ignite Bitcoin get welcome to a very cheap Bitcoin!
The agenda of the pump and dump entities is not known!
They could pull the rug from underneath our feet anytime and if you have bought into the FOMO watch out.
On the other hand Bitcoin might make a run but the only real demand at the moment is from the entities pumping it!
Another angle is because the general consensus is Bitcoin is screwed at the moment is a big whale might plunge the price with a sale at these prices and buy back in at a lower level. This move would wipe out the entity behind the massive pumps!
I believe that bitcoin has a chance to fall to the price of $ 4500-5000 and it will be, as I think at the end of August. And at the end of September, the price of bitcoin will finally break out of the $ 8500
Till now we have not seen such a price like $4500 -5000, yes, you are right the price of Bitcoin will cross more than $8500. This time it won't increase it's price very fastly and will move slowly because along with it the altcoin prices will also start increasing.