⭐ Merited by LoyceV (1)
Every investor willing to buy at 6k range already bought in february or april. Same as every investor willing to sell at 6k range. Now all investors/long term traders are waiting for braking triange up (over 8k) or down (lower than 5,5k). All we see now iside of triangle is manipulation on low volume. Its easy to stop price at one lvl. Make bots/daytraders set stoploss little under/above or start to trade on higher laverage to profit on 6350-6450 range. Then after 50$ pump another 250$ is added by triggering stoploses and closing overlaveraged position pushing price up/down giving extra profit for manipulator who did that.
That's right! Every big time holder who wanted to pad up their bags, and every tired seller would have already done so, though the last batch of stragglers probably waited until June. Almost every price action now is pure short-term speculation at volumes and order sizes too paltry to qualify as manipulation.
why does everyone around here assume manipulation is happening? 
this kind of action can be completely organic IMO.
this kind of action can be completely organic IMO. My thoughts too. Nothing short of a complete infiltration across all exchanges, with 10% of supply also under control, would be effective at manipulation.
Bitcoin has always been volatile, and sideways trading is always a phase even for volatile assets. With order action comes fatigue and trading volumes since beginning of the year has been struggling, which makes these spikes easier to trigger too.
As illogical as it may seem, this is actually pretty normal to expect.