Bitcoin whales number has hit ATH, price went up so fast to $19k and suddenly dropped by 16% today without any rational reason with huge liquidations happened on exchanges. Does anybody else see a conspirasy theory here or it's all pure coincidence?
What were you expecting, didn’t you see how fast the price of cryptocurrencieswere moving up? When the price moved up that quickly there is sure to be a correction to follow anytime soon and that’s what we are seeing now. But the corrections was not too much, now the bitcoin market is recovering to above $18,000.
Although I still feel like the price will be going down the more, if you check the chart it’s approaching $20k soon, the chart is pointing upwards since today. Although we are yet to know if it would turn back up before the end of December. When the price started recovering after covid19, I strongly believed it will slowly reach a new ATH.