Bitcoin bouncing back after biggest selloff since 2015

[Jan]

Bitcoin bouncing back after biggest selloff since 2015

Bitcoin clawed its way upward on Saturday along with most cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble.

 

[silkenphoenixx]

In a late-week comment that undercut confidence, Michael Novogratz, the former Goldman Sachs Group Inc. and Fortress Investment Group LLC macro trader, said he’s shelving plans to start a cryptocurrency hedge fund. He predicted that bitcoin may extend its plunge to $8,000. Earlier this month he predicted it could reach $40,000 within a few months.

I love this.

 

[krycor]

Whales are getting out..

 

[*SynergyX*]

dead cat...

bull trap...

 

[Petec]

Guess who is buying the selloff?
The same people who started it.
Strategic market consolidation.
What is happening here, is no different form traditional stock market manipulation and trading.