This is clearly price manipulation, as we all are aware already. Heck, even the catalyst for this mini bull run in April was a clear works by an entity. So I don't know what media is again sensationalize this sort of a pullback.
It's evident that an imminent pullback will have to happen, so I'm not surprised by the sudden drop. Strong support @$7k, and that is good, at least the bleeding has stop momentarily.
It's evident that an imminent pullback will have to happen, so I'm not surprised by the sudden drop. Strong support @$7k, and that is good, at least the bleeding has stop momentarily.
Every single time Bitcoin's price makes a rapid movement, people will start telling that it's a manipulation, simply because the price moved fast, without presenting any strong evidence for conspiracy. I think it's better to be skeptical and look for simpler explanation - for example Bitcoin can simply be volatile on its own, without any shadow groups pulling strings, because the market is novel, unregulated, has low volume and limited adoption.
