Topic: Bitcoin's Latest Rise Was Manipulated? - page 3. (Read 1601 times)

I doubt it that  the sudden pump can coincide with the Chinese pronouncement, the movement of the price of bitcoin is always synonymous with any news around the globe both positive and negative news based on my own research, President Xi Jinping statement on blockchain technology made a big impact before it the price of BTC/USD was ranging between $7500 and $8500 the sudden surge was obvious aftermath of the pronouncement.

I am not quite sure, and I do not have any title nor in position to say this. But this is just a wild guess, so may be whales are those who are behind this sudden pumps. It may be their responsibility may be they don't want the market goes down to as have you said a boring situation. May be sooner because it is still October there are two months to count before we could close 2019, may be there will be a bull run who knows.

Bitcoin is still below $10k and that is my range to accumulate, and in fact I have already accumulated enough since bitcoin has been very bearish since last year. The rise was good even if its manipulated, no one cares because we all know from the very first place that anyone who have big control on the total supply can manipulate the market and that's his own game since he is entitled to do that.

At this point, all we do is just to continue to be optimistic that this rise will continue so we can finally break this long bear market by achieving an new ATH.
If the rise will continue til the end of the year, I am not expecting a new high this year but I will be very confident we will see it next year.

The truth is that every peak and trough in BTC is properly scripted and a lot of people are involved in making such pumps and dumps happen. These happen generally opposite to the current market trend as people get into FOMO pretty easily. I think even the fall until 7000 was also manipulated and so was the rise all the way upto 10k. But the thing is generally these manipulation create momentum for further price appreciation. But for retail traders it's always better for them to stay out of the market while such things are happening.

It can be a coincidence that leads the BTC price pump this past few days same time china announces approval or interest in blockchain since price by that time is entering into new level going lower than $7k which can be also the time many wait to buy btc. However its been always a rumor about manipulation which is capable as long as we have tons of money to buy and sell btc.

http://we were in dow trend almost in a year, much investors loss their money till felt give up and want to quit from market quickly.how could we said this is manipulation.in my opinion lastest news from china give new spirit for trader that loss alot .they think china could be the saviour in cryptocurrrency market with their power.halving be main issue for bitcoin price in near future.it hoped could make bitcoin price recovered again.

And manipulators already started the last great we have as well, April to be exact and ended in June. So maybe they are just waiting for the perfect timing to pump the price.


Seven months to go and counting, still have a lot of time to accumulate.

Not all in my opinion, the whalecumulators start the catalyst of a crash, but it was also the product of the plebs' selling.


The opposite.

there will be crash manipulation when it is halving.

I think that the downtrend was fake/manipulation. And with the unexpected help from China the upward pressure couldn't be stopped any longer.
Bitcoin is limited supply and the halving is near. Don't forget that.

Check the volume of BTC when the price start to dump then compared it to the volume that happened recently pump. Although no one can prove price manipulation due to all exchange is unregulated.

That xi Jinping news is not actually pointing out bitcoin because he clearly stated blockchain. I think whales manipulators just timing on that news to pump the price. The price movement is off the chart which is clearly a sign of manipulation.

indeed, the market stood the test of time---3 days later and it's still floating around in the $9000s. that's not what a stop run looks like! the most obvious explanation at this point isn't manipulation---it's that buyers are in control of the market again.

So far, no one has cited any real facts of market manipulation recently, when bitcoin in two days grew in price by two thousand dollars. I also do not even see real positive news that could lead to this. The news from China is not so serious as to have such consequences in the cryptocurrency market. Although, let everyone remain in their own opinion. Someone likes to consider this increase in the price of bitcoin as manipulation, someone believes that this is simply a return of the price to the usual value for bitcoin.

If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

There really aren't too many moments in bitcoin history with the dramatic rise from $7250 to $10600, hence it can't only be manipulation.

I think part of it was the Xi news, part was short covering and another part was people who had money on the side ended up buying back into BTC hoping to see it rise further past the $13800 price we got in June 2019.

No mass adoption will happened if the price will be as volatile as what happening. The SEC will never approved any ETF for a volatile price because its too risky for investor. Bitcoin doesn't need to be stable but it needs to be free from manipulation. It's either have a thick price walls or remove all unregulated exchange so that no one can manipulate the price easily.

If you call whales who have the power to turn the tides into their favors manipulators, then it could be true. I doubt that it's completely manipulated. In stocks, it's common to have big players to accumulate in a low price, let's say that was around $7000 range of BTC after they are done the gathering, then comes the price up to $10000 then sell for a considerable profit. Imagine, it's easy for them to do that because they have large sums of capacity and power to do that.

We cannot do anything even if there's evidence around it, all we could do is be with that trend or make the right call, and it's going to be alright.

Mouse That sounds very negative against the big rise on the chart, I'm interested in why you think it might be a bull trap.    I'm trying to decide myself if this qualifies as an end to the downtrend or is just noise before we correct back below the ongoing trend of the last few months  (which is negative).




Here is my rough view of previous trend and Fibonnaci of the all time high.     I doubt I will be able to decide today, I'll be watching the 8 day blue line for this week and for us to stay above it and also I want the 50 day average at 8885 to be positive and price to be staying above it confidently.   Surely we must be testing that confidence probably the next thing this market will resolve to do.

To answer OP no it was fair enough that we rose from the lows, on the chart to hold this line would be a flag to some canny traders I guess; the amount of the rise is surprising in such short time.   We could say its somewhat artificial because it was instigated by the speech of a political leader, actual actions and fundamentals to justify such a change will take months to years.    It cant be said to be fake or manipulated especially unless you want to believe the red party took a BTC position prior to the speech.


That can happen, volume is relevant to that judgement.   Any resistance or support is just a maybe, higher probability but we never have certainties.

The news of China is one reason why Bitcoin pumped instantly (around 40+% in just a few hours). Aside from it, there is a bit of manipulation coming from various institutions and rich people. They just wait for the perfect opportunity to buy and sell it.

Bitcoin reached the $10,000 mark and after that, it dumped at around $9k - $9.1k. Just another bull trap is confirmed but now it is moving sideways at around 9k-10k. Lets see how it moves within the next days .

I don't think so, because the fundamental effects from the good news to the price is often happened. Currently bitcoin has breaked it's resistance and stand still on $9500 which is new support. A little drop after it reached 10K USD is a usual thing happened in crypto because people are selling after they get a decent profits. But i think the price is currently stable and just wait for another bull run

Well given the fact that it is well manipulated and orchestrated by some bad actors from behind, did traders took advantage of that situation? I mean this is very important as we all know that manipulators are just waiting for the perfect timing and two days ago they found some positive news and spin the market again on their favour. So I do hope that speculators/traders took this opportunity to their advantage as well to make good money shorting bitcoin.