WHY THE DUMPING

[tonymillions84]

A close look at the market shows that currently the market is consolidation. what we are seeing is the formation of another bull run when the price was at 7800. i am anticipating another bull run for bitcoin to hit 9000 before monday but for the altcoins, we continue to see a stable a market and everyone is advised to hold. what do you think guys.

[dragononcrypto]

This is my current option; why I think $9k could of been the top and that a pullback is overdue.

Source: https://alternative.me/crypto/fear-and-greed-index/

[trauchot]

Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.

[dragononcrypto]

Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.

fyi it did hit over $9k on most exchanges and reached nearly $9.1K by only for a matter of minutes, but the price was swiftly rejected by sellers back below $9k. hence this price action probably doesn't show in line graphs, and probably why there has been a continued pullback today.

[alstevenson]

Yes im watching the price action as well, after the price hits the 9k level, they couldnt resist in that level then it dumps to 7.9k in an instant. Hopefully that it will retest 9k level and break it.

[pelana vreo]

At the moment the market situation is still stable and Bitcoin is trading above $8k, many people expect the price to reach $9k but if we look at the current market conditions, there is a decline in the price of Bitcoin and altcoin, hopefully, BTC can maintain its price above $8k

[mnixxo.crypto]

Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.

Agree with you. At the moment we are in correction. But what must be said is that we need this correction. The question is: Will we go to down to $6,400 - $6,000 or up to $9,500 - $10,000. I think BTC will go up. Altcoins against USD more or less are copying BTC. Altcoins against BTC can grow in the correction phase (red circle). But that is only my opinion.

[Jee]

it need time for bitcoin to go and be stable above 9K, Accumulation phase is not yet over, when Bitcoin can go above 10K , that will be soon,
if you see alts start to pump then know the season of bull run started.   

[Zed0X]

Wait, we were on a bullrun? Perhaps a rally or a surge is a more appropriate term to use. Please refrain also from giving out advise unless you are asked to. You do not want these newbies coming after you when make a wrong call.

As for the market, that few minutes surge to $9K was unexpected. There was not enough volume to support it that's why it immediately fell back.

[zendicator]

I have seen yesterday that bitcoin touched the $9000 level but suddenly it dropped after a minute or two. This is a clear indicator that the market is under manipulation but now we are seeing an upward trend after that sudden dump.

[comer]

Manipulation is really are real! Maybe these are huge whale's capital that influence the movement of bitcoin in the marketplace. Let see when the price will retest at $9k level, accumulated investors even at low capital, when gather makes the big difference in the price. June is anticipating to have a huge change in the marketplace.

[gotbounty]

I think that it is a normal condition if we see the progress of the market. The market will not be stable in the long term, moreover, this era is the recovery market era. So, they will be changing, decreasing and then increasing so fast. Just follow the market situation and make a certai strategy for better profits and investment.

[Zed0X]

All these manipulation talks after a surge and an immediate decline is getting old. While it could be true in some cases, why can't we also assume that there are just different groups of people who trade against each other?

[toheed2x]

well dumping and pumping is part of the game and in crypto lots of whales who manage this thing.

[Quart]

It was not the first time happen, pumping and dumping happened many times. When it could reach new ATH in this year, it always dropped a little. And then increase again in the next week or several days after declined. AS long as we are in the process to go to the bullrun, I think we shouldn't worry.