Bitcoin drops more than $600 with a pure manipulation pattern

BTC dropped from 10900$ to 10200$ and two days after to 9350$. This has happened after a long 3 week strong support on 10000$ to 11000$ range. A huge 140$+ Mil liquidation of longs in two 15min drops by sell off of not so many people but just a few with so much pressure to lower the price to under some strong support zones.

  • Bitcoin fell about $530, or 5%, in a 40-minute span after being mostly flat for the day.
  • Bitcoin is now well below the level of more than $12,600 that it was trading at in July.
  • Fellow cryptocurrency Ethereum also took a similar dive on Wednesday.

As many people in you-tube and social medias try to rationalize why the price dropped while there is such a strong support, the huge BTC owners easily manipulation the markets and the features.

 

Categories: cryptocurrency, Gaming News

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Mohsen Daemi
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