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

[WAndreas]

Did the 100k level prove to be insurmountable after all?

Yesterday it was down to 95600. The next levels may be 94k and 91k areas.

 

[AOT]

It's coming back to 90k

 

[WAndreas]

It's coming back to 90k

Getting ready for another rally to the top?

 

[White Night]

it down again
second turn

 

[WAndreas]

it down again
second turn

I assume until support in the 90k area and below is broken, the trend remains upward.

 

[White Night]

I assume until support in the 90k area and below is broken, the trend remains upward.

I think will be around 85k or below

 

[Crytononame]

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?

So, Powell basically shut down the idea of a US BTC reserve on Wednesday. Then Congress rejects Trump's budget. Boom, shutdown. Remember what happened during the last Trump shutdown? Yeah, the 2018 crypto winter. Spooky, right?

 

[WAndreas]

So, Powell basically shut down the idea of a US BTC reserve on Wednesday. Then Congress rejects Trump's budget. Boom, shutdown. Remember what happened during the last Trump shutdown? Yeah, the 2018 crypto winter. Spooky, right?

Powell's speech specifically kicked investors in the butt. Remembering the period of Trump's previous presidency, we can say that more than one similar shock will await us. And, most likely, he will continue to push through the increase in the national debt, which will lead to increased volatility. Assumption.

 

[natsuko]

That’s an interesting point and honestly, manipulation can’t be ruled out, especially with something as volatile as Bitcoin. If the goal is to build a state reserve, it makes sense to create buying opportunities at lower prices rather than purchasing during peak hype. Pumping the price to create a sell-off later could be a tactic, but it’s hard to say for sure without solid proof. Either way, these moves are definitely worth keeping an eye on, big players are likely at work here.

 

[Crytononame]

Powell's speech specifically kicked investors in the butt. Remembering the period of Trump's previous presidency, we can say that more than one similar shock will await us. And, most likely, he will continue to push through the increase in the national debt, which will lead to increased volatility. Assumption.

History doesn't repeat, it just rhymes… badly. Trump was all about the crypto grift and his hair. Now Elon's the new puppet master

 

[WAndreas]

History doesn't repeat, it just rhymes… badly. Trump was all about the crypto grift and his hair. Now Elon's the new puppet master

What about the spiral movement of time? Is Ilon turning into a political figure? Wouldn't be surprised if he's the next President.

 

[WAndreas]

If the goal is to build a state reserve

I see that some in the government are talking about creating such a reserve, while the financial authorities of the same government are saying that there is no legal basis for it. And it's not just in the United States. Looks like Trump is continuing his little predictable game of deception.

 

[Crytononame]

What about the spiral movement of time? Is Ilon turning into a political figure? Wouldn't be surprised if he's the next President.

Nah, he ain't gonna be president. You have to be a US-born citizen. Elon's South African. And there's that whole immigration thing with him too.

 

[ron66]

The Trump administration is a month away. Who knows what will happen during this term. What will happen with the Fed? Trump might want to remove Powell from office for a more comfortable Chairperson. In addition, by ending the Russia-Ukraine war and getting the Russian oil back to the global market, he could help curb the inflation in the US (and everywhere else) - which will allow central banks to lower the interest rates (Maybe to around 2% in the US).

Lower rates - cheaper money - more money for investments in the stock market and for Crypto.

 

[Walter9988]

It will test 85k before we go to 120k

 

[Walter9988]

We can expect 85k in few days only.

 

[doctorlee]

Yes, bitcoin has been manipulated and farmed by bad actors since the very beginning of crypto

 

[WAndreas]

Nah, he ain't gonna be president. You have to be a US-born citizen. Elon's South African. And there's that whole immigration thing with him too.

Yes? He's had U.S. citizenship since 2002, no? True, he has two others, Canada and South Africa, but if the presidential race comes up, he could easily renounce them. No?

 

[White Night]

We can expect 85k in few days only.

it it now

 

[Crytononame]

Yes? He's had U.S. citizenship since 2002, no? True, he has two others, Canada and South Africa, but if the presidential race comes up, he could easily renounce them. No?

To be president, you have to be a citizen by birth. No immigrants can become president