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?
In this case I don't think there is any conspiracy theories. It is just a correction because the price of Bitcoin has risen too fast in the past few days. In my prediction, next week will be the week when the top coins are in a sea of blood until Bitcoin hits the strong support zone of $ 14k4.Then the whales will continue to buy back Bitcoin and push its price above ATH in 2017. This is inherently how the market works, so I'm not too unfamiliar with this case.
