Haven't all the run-ups had a similar pattern?
You get the super spike, then the quick crash, a bit of a recovery, then a slow decline for awhile. Eventually it settles on a price that isn't near the top of the spike, but is above the range it was trading at before the spike.
Once the market calms down a bit, another run-up can start. See you in May.
and then they think that this market it's not heavily manipulated, how can they think that if we are following always the same rule, but with different digits
Nah, emotions provide sufficient explanation. It's a pattern seen in many stocks, not just crypto.
A real increase in demand causes the price to rise quickly, but then too many speculators panic buy, thinking they're getting in early when they're actually late. So then the buys dry up somewhere far above the new fair market price and they panic sell. They then overshoot the fair price again when panic selling (because they're still panicking), but they don't overshoot as far as the panic buy overbought. Over time, the price movement slows down as the market eventually figures out what the new fair price actually is.
