Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!
It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.
They are always trying to do it and most of the times they achieved their targets. Whenever things are not getting smooth in market, there must be a game behind the bars and under the table. This game can be on individual basis but mostly it is a collected effort to sabotage the highness of market. They start invading in the pole mind and compelling them to sell by making panic in market.