This year, the Advent season was like in a picture book every Christmas story with the 1. Advent ushered in. The Bitcoin exchange rate was in the last weeks and days, there is little cause for joy. After the summer of this year’s High of nearly $ 14,000 was reached, it went steadily downhill. Some BTC Fans already leaving the hope. But suitable for 1. Advent, or better said, 3 days late, the Bitcoin exchange rate zündetet the 1. Advent candle. Yesterday’s price jump of 500 USD came as a surprise. Unfortunately, it was not sustainable and it illustrates a current weakness in the BTC market.
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Bitcoin exchange rate advent candle is not burned long
Yesterday afternoon you could see if you would have followed the Bitcoin exchange rate live, as the price shot up within minutes to up to 8% in the height. The BTC course is ranked at 14:15, yet in the case of slightly over 7,200 USD. Less than half an hour later I could not believe his own eyes, as the rate rising to a peak of over 7,700$. This increase of around 500 USD was not only due to the suddenness is unusual, but the above-shown Chart Formation that looked suitable for 1. Advent as an advent candle.Unfortunately, the Bitcoin price jump could not continue for long and was therefore not in a sustainable way. Meanwhile (at the time of writing of this article) is ranked the BTC price back in the previous range between 7.200 and$ 7.300$.You are trading on the world’s leading Social Trading Platform, you join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Was Manipulation in the game?
Again and again, the digital Asset Bitcoin is confronted with allegations of Manipulation. This is one of the reasons why the SEC would like to give permission for an ETF. Just in the last few days the trading volume was very low, which makes the market vulnerable to Manipulation and strong course allows for fluctuations in the first place.
As I write this Morning, it seems that the today’s price increase to be a little suspicious.
According to Mati Greenspan, founder of the newsletter “Quantum Economics”. He says further:
Everything points to the assumption that this was the result of a single player with a large purchase order. Or, in other words…. a great Wal (…).
Thus, the Crypto-expert, raises the presumption that a single Whale for the “Pump” could be responsible. This seems to be possible with just lately many Whale Alerts were observed. The question of whether the Bitcoin price jump of an intentional Manipulation or just a “bad” planned purchase order, they can currently not be answered.
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