Post
Topic
Board Speculation
Re: BTC Price might drop now?!
by
onrise
on 20/05/2020, 10:23:39 UTC
Based on the psychology of manipulators, I do not think that the price of BTC will decrease now. Currently the Short ratio is higher than Long at a lot of margin exchange and this will cause the whale to manipulate again. they will fake the pump or push the price of BTC to $ 10k5 or $ 10k8 to lure the prey. when the crowds thought it was uptrend, it was time for the whale to sell off bitcoin and crash the market again. so the short-term trend is still up.

One thing what is happening now is that it will test 10k levels and from past few days it is hovering in the range of 9500 - 9800$ mark and might be waiting to break that 10k levels or may drop a bit it seems. If it breaks 10k levels psychology will change for many investors and I see some of the new investors may also joining this bandwagon.