Re: Did China really crash Bitcoin again?

Quote from: iamaruf on November 22, 2019, 08:48:19 PM

I think china is the main reason behind the crypto crash.But this news and cointelegraph news are different.but both news marked that china is the main reason. I saw in cointelegraph that chinese police raids on binance and bithumb.
News: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges/amp

I do not think that China is the reason why crypto crash. Even though they released that news, it is only limited to China and not to the entire world. I believe that people who wanted the price of BTC to go down took this opportunity to crash the price of BTC and accumulate at the bottom. This is a mere manipulation and we can see another rally after this accumulation is done.