Bitcoin has tested 90k today. Are we being manipulated?

WAndreas

Elite Member
Joined
Oct 21, 2024
Messages
1,676
Reaction score
1,894
The price increase is explained by the possibility of creating a reserve for the state. But this cannot be done by simply purchasing the right amount. It is expected that this will happen within five years for 200 thousand bitcoins each year. But I don't think it will be done at the highest price. Perhaps now there is just manipulation to raise the price in order to bring it down later? And then buy these 200 thousand?
 
BlackRock Bought Yesterday some Bitcoin So It Pump Hard

But you have Point

Manipulation and Liquidation is Part of Game

FOMO will always be there for retailers for buying and selling both
 
FOMO will always be there for retailers for buying and selling both
The main thing is that it really does not lead to losses. It's one thing to keep what you have, it's another to buy at the maximum price.
 
Exactly

Extra Buying will do at pull Back

Now the price is too Up

I Buy at Red and sell at green
Now, apparently, the psychological level in the 90s is difficult to overcome. The market is overheated. But, usually, when the price is pushed up at the beginning of the day, such a movement can be picked up and continued. There are those who sell from this level.
 
Now, apparently, the psychological level in the 90s is difficult to overcome. The market is overheated. But, usually, when the price is pushed up at the beginning of the day, such a movement can be picked up and continued. There are those who sell from this level.
Correct, potentially every round number is a psychological barrier. For now there’s a pretty obvious rejection at 90K, I think in due time it’ll be broken though. The pump in the last few days isn’t sustainable without atleast some wicks down.
 
Correct, potentially every round number is a psychological barrier. For now there’s a pretty obvious rejection at 90K, I think in due time it’ll be broken though. The pump in the last few days isn’t sustainable without atleast some wicks down.
You're correct. At every spike there is a correction.
 
Correct, potentially every round number is a psychological barrier. For now there’s a pretty obvious rejection at 90K, I think in due time it’ll be broken though. The pump in the last few days isn’t sustainable without atleast some wicks down.
Maybe. Sometimes I think so too. But when there is a strong movement, the levels are not a hindrance to it. I think if the closing price of the day turns out to be lower than the opening price of the day, it will show possible further sales.
 
2024-11-13_070538+.jpg
was formed on the hourly chart, a sales signal. And if we drop below 85500, it will be a confirmation. In the meantime, it may look like a tempting offer to go on sale, then soar even higher.
 
Yesterday's rise was immediately offset by a fall. As a result, we received a false breakdown, which may indicate that yesterday's purchases were artificial, specifically in order to attract new customers.

2024-11-14_072819.jpg
 
90K acts as a psychological barrier—big players push prices up, triggering retail FOMO before a strategic sell-off.
 
Yesterday's rise was immediately offset by a fall. As a result, we received a false breakdown, which may indicate that yesterday's purchases were artificial, specifically in order to attract new customers.
When altseason will start in your opinion?
 
Rustam Mutaew and his free Discord Server where he teaches People how to make Money.
For some reason, I think that if he could earn money himself, he would not be engaged in free education, which at some point becomes well paid.
 
When altseason will start in your opinion?
My guess at the moment is when the price drops below 85500. We can expect some news every day now that may continue to push the price up.
 
Stopping after such impulses may indicate that equilibrium has been reached. If there are no new incentives for purchases, there is an opportunity to go down.
 
2024-11-16_095156.jpg
Yesterday closed at the highs of the previous day. Does this mean that the price will go further? Maybe. Yesterday's candle shows a "Bullish grip on the belt" - a pattern for purchases. However, the overall situation is still uncertain.
 
Back
Top