Post
Topic
Board Speculation
Re: Bitcoin Miner Capitulation Is Here... Back Down To $3,800?
by
Naficopa
on 05/12/2019, 17:02:05 UTC
Yes. Like I posted two days ago, we are going back to 3k levels.
Earlier on I believed the price would never return there, but after several weeks of lower highs, its evident the price will dump to that level again.

Actually I believe the manipulators who are dumping bitcoin want the price to go to $1000. They didnt succeed the last time, so they will try it again.


Right now, it's not just about manipulators and whales. At this point, a lot depends on how the miners behave. If miners decide to sell BTC stocks (and among them there are certainly a few whales) this can cause big drops which will be a great time for price manipulators to lower the price even more. It looks like we might have one more big dump before halving.