I read this in an article about bitcoin's dramatic price surge in 2017 a while back...
University of Texas Professor John Griffin and Ohio State Assistant Professor Amin Shams claim their latest research of bitcoin transactions between March 2017 and March 2018 shows that bitcoin was manipulated through large-volume trades that drove the price up.
"This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on bitcoin that is not observed in aggregate flows from other smaller traders," the academics wrote in a paper, which was shared with Bloomberg ahead of its publication in the Journal of Finance.
If this was true, then someone has to do it again to push bitcoin's price back up to the $20,000 mark. But, I suppose a steady hover between $12,000 and $15,000 is better than a dramatic price surge that will only plunge to all-time low weeks or months later.
Topic: There Bitcoin goes again. - page 3. (Read 503 times)
Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).
There's a lot of sell pressure though from the traders.
Hard to say who we should thank for this move. Probably pump and dumpers who will get it below the top of 12400 and start selling. For them the goal is to get as much fiat out of the market as soon as possible so we can't rely on moves incited by those manipulators.
I'm still waiting for a legit wave of new investors.
Hard to say who we should thank for this move. Probably pump and dumpers who will get it below the top of 12400 and start selling. For them the goal is to get as much fiat out of the market as soon as possible so we can't rely on moves incited by those manipulators.
I'm still waiting for a legit wave of new investors.
The market is extremely irrational right now even the DEFI space is blowing up, and going up 100x or 1000x even with ridiculous fees. I guess this is the best time to hodl your tokens before a big pump, as recently bitcoin just bounce back and made a green monthly candle. I wonder, if the DEFI trends stops then the money flow will surely go back to BTC.
If it holds on september, october will be the next 2017 
Same as the last bull run, we need that October (1st month of the last quarter) to start a new bull run again but this time we will certainly see a new ATH higher than $20,000 if indeed the bull run will come. We are now very stable at $12,000, it's a good sign that there's no significant movement yet, maybe this time we will not fail to break another resistance again and next price would surprise us.
Good luck to us, hopefully more bullish movement of bitcoin will come.
There's really a strong resistance beyond to that price since whenever it touched $12,000 it's suddenly being pulled down. I can't wait to see what's coming and nervously excited at the same time what's the price this December or next year. Maybe it would stay in 12k some time or break straight to the 15k? Who knows? 
As of this writing, 2:45 Eastern, USA, she's at $12,000 again.
Would be more enjoyable if you do post up these kind of things on WO https://bitcointalksearch.org/topic/wall-observer-btcusd-bitcoin-price-movement-tracking-discussion-178336
Its one of the most best threads of this forum when it comes to Bitcoins price progress.Yeah, we did hit 12k but lets see if it would able to hold up for too long and would be playing around between 12k and 13k. If this one wont be similar situation where price hits up on 12400 and goes back down.
If it holds on september, october will be the next 2017
Everything is still questionable and no one does have the crystal ball on what would be the price on next minute. 
If it holds on september, october will be the next 2017
Then what would be the December? 
Very resilient.
This is the true reason why we like bitcoin. Why others don't appreciate how quick it is in recovery despite the volatility of it, it is showing how strong it is during those corrections. Waiting to see it break the next target prices.
If it holds on september, october will be the next 2017
As of this writing, 2:45 Eastern, USA, she's at $12,000 again.
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