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

[WAndreas]

Yes we never know what happened

I'm assuming the next four to eight hours it's going to go up. Let's see.

Spoiler: Chart"[ATTACH type="full" size="396x231

398782[/ATTACH]]

 

[WAndreas]

Let's see.

This time managed to guess the movement. The price went up to 98685. This was a manipulation, because the price was sharply reset to the initial price afterwards. Someone raised it on purpose to lower it later. That's what I think.

 

[WAndreas]

The hourly chart shows the price dropping from 99k to 95k. Are they trying to drag the price into sales?

Spoiler: Chart

 

[Byricret]

The hourly chart shows the price dropping from 99k to 95k. Are they trying to drag the price into sales?

Spoiler: Chart

View attachment 399583

The price could go above 100k before the end of this week.

 

[Ripley545]

BTC broke all the high again

Lets see if we can hit 100K this month or not

it's still possible, but currently is rally on ALT coins.

 

[WAndreas]

The price could go above 100k before the end of this week.

What could act as a driver for such a movement? It will be necessary to update the next historical maximum. Here again we will need big volumes from buyers. At the current moment, the market shows an approximate balance of forces, I think.

 

[WAndreas]

The day after tomorrow, Friday, the US unemployment data is released. Perhaps there is accumulation while waiting for a driver.
The price is now in the area of 96700.

 

[ambuyusifa]

The Bitcoin market is still relatively young and volatile, and can be influenced by big players, including institutions and even sovereign nations.

 

[WAndreas]

The Bitcoin market is still relatively young and volatile, and can be influenced by big players, including institutions and even sovereign nations.

The market is overheated. Not everyone is ready to buy at the current huge price. Those who can afford it are only very large players.
Tested 104616 a couple hours ago.

 

[therealdeal_]

we broke 100k, LFG

 

[WAndreas]

we broke 100k, LFG

We?! They!

 

[WAndreas]

The Flag pattern, which was mentioned earlier, has fully worked itself out on today's upward price movement. Now there may be consolidation.

Spoiler: Chart

 

[WAndreas]

At the current moment there is an option to assume the formation of a descending price triangle. If it breaks the support, it can go lower to the height of the triangle. Or all this may turn out to be a simple manipulation.

Spoiler: Chart

 

[WAndreas]

Yesterday it hit two all-time highs, the first at 106666 and the second at 107775. Perhaps history will repeat itself today?

 

[WAndreas]

Perhaps history will repeat itself today?

108362 was tested yesterday. But immediately rebounded and broke through the nearest support. Maybe we are going into correction?

 

[seoworld983]

108362 was tested yesterday. But immediately rebounded and broke through the nearest support. Maybe we are going into correction?

may be hit 120000 in next 2 weeks.

 

[WAndreas]

may be hit 120000 in next 2 weeks.

Hi. Can you share what you based your decision on?

 

[WAndreas]

Tested 98700 today. This could be a good call for buyers to close their positions. Did the 100k level prove to be insurmountable after all?

 

[White Night]

I lost 3k yesterday
all Long trade

 

[WAndreas]

I lost 3k yesterday
all Long trade

At what price did you buy it? Have you closed your purchases or are you currently in a drawdown?