Bitcoin the Mother cryptocurrency has touched to 5800$ on last Sunday which is low of 2018. Bitcoin price around 70% dip as compared to December'17 when it touched its all time high @ 20000$.
Now the question is - will it sky rocket in bullish form or it will dumped more. Does bitcoin turned into a pump and dumped coin? For the last few months bitcoin price is maintaining between 6800-8000$, it touched 10000$ only for a while where it crashes several times after a small bullish behavior.
The major causes of the dumping:-
- Mount Gox sold large number of BTC & BCH several times on international exchanges between this time period.
- last year pumping to 20k$ bitcoin maintained its correction.
- Whales are always ready to take advantages of the situation created fud to purchase in lower amounts.
- FUD created and misguided regarding regulations of cryptocurrencies.
- Manipulation by whales turned BTC lookalike into a pump & dump coin. Its time to get bullish no more dumping.
Bitcoin is ready to move into a strong bullish behavior, while writing this bitcoin is standing on 6173$, 6% higher than last Sunday. i hope whales, institutional authorities and crypto lovers are now ready to move bitcoin up to 10000$ very soon.
if you are connected with cryptocurrencies then i will suggest you to hold your coins and have patience, nothing can stop Bitcoin to cross its ATH this year.
@somenath30