usually before the pump, the market always falls. and today I see the market experiencing a decline, especially for bitcoin and several other big altcoins. in recent days bitcoin may be able to hold above 9k, but in the end it still falls.
then I wonder if this is really the downfall before the pump?
considering that soon we will enter the end of Q4 2019, and in Q2 2020 bitcoin will be halving. so now is the last time the Whales buy cheap btc. that's why the market was deliberately manipulated to make the price of bitcoin go down. and after that they pump slowly to look like market growth.
so what do you think, is my thinking wrong?
What you have been mentioned in your first paragraph is something that happened before, there have been some bitcoin futures contract and bakkt. After that, the trend in the market has drastically changed to a different way like when bitcoin can hold the upper value and then it gets a downtrend.
It's not a downfall before the pump. The market has already changed into the way that put the usability at the top of everything to create FOMO. I'm not sure about that when you are seeing how litecoin was going back again to the bottom after the hype of halving has brought litecoin to the top. That is not how the market works today. Why were the whales pumping it in the past due to the bakkt? If the whales can get cheap bitcoin at that time.