SUMMARY
Over the past week we have seen a major rise in the value of bitcoin. This has causes major levels of hype over social media and the entire Crypto Currency communities, but is this really the end of the bearish trend?
Bitcoin rose over $1,000 in a quick succession over three days, this particular movement is a clear demonstration of market manipulation. Moves like this aren't a reflection of a healthy market and cant be sustained. I believe investor/companies with major control of the market have achieve their goal of manipulating the market and forcing investors and individuals into believing the bullish run has finally began.
Price saw a clear rejection around the $7,600 region, although we could potentially see a small push closer towards the $7,800 region before we see price dive lower. I believe after the huge market manipulation over the past week, we could see price plummet back down towards atleast the $6,800 or even as low as $6,000.
Where do you see Bitcoin prices going over the next week? Leave your thoughts in the comments!
