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?
Yeah i think because the whales want to buy bitcoin with lower price before they pump it. So, if they failed to make the market to a bull run, at least they can take profits for selling with higher price before. But this is in a short term. And associated with BTC halving i'm sure the whales are ready with their own strategies and it might be surpriced us in the future. So be ready for any strategies that whales will make and be ready with any market condition.