is bitcoin price being manipulated?

[SmartGold01]

Not barely 48hrs the price of bitcoin moves from 52k to 60k like I was mean to asked if there is any positive news that gives rise to this sudden increase, though wasn't expecting bitcoin price to remain stationary but they way it moves seriously increased without any delay or is there any whale that came to buy at huge? Please if there is any news that relates to sudden increase don't hesitate to share here.
Those who are doing DCA have also made some cool cash in between this shortest time frame as the price seems to be manipulative.

[Charles-Tim]

I do not see manipulation about it. Even if you check the price of stock, gold and some others, they went up today. According to the news that I read, it suggests that United States labour market data could have been the reason. I also read that their was buying sentiment in crypto market has the price of bitcoin fall significantly which later makes people buying back. I do not see any concrete reason for the rise but this is not the first time that the crypto market behaved like this.

[EluguHcman]

Please if there is any news that relates to sudden increase don't hesitate to share here.

Do not expect different information here or expecting to hear that Bitcoin gains its appreciative momentums by the influence of the media.
Bitcoin is not a Memecoin that requires speculations as marketing strategies to gain values. Perhaps this is not the first Bitcoin surging to quickie amazing values.

Trumps and Kamala's debate is behind the corner which by unverified, news has always speculated that Trump being a big Whale of Bitcoin enthusiasts is being influential to have great effects on Bitcoin price.

To me, I will take it as your instincts has whispered you that we have got more investors in the industry or investors has made much more order or purchasing more of Bitcoin in total huge values.

This is what I can only think that made this appreciations of Bitcoin at the current time.

[SmartGold01]

I do not see manipulation about it. Even if you check the price of stock, gold and some others, they went up today. According to the news that I read, it suggests that United States labour market data could have been the reason. I also read that their was buying sentiment in crypto market has the price of bitcoin fall significantly which later makes people buying back. I do not see any concrete reason for the rise but this is not the first time that the crypto market behaved like this.

Yes you are right.. most times it takes time to quickly recover not just immediate as this and if course those who are already running lose are some what happy because they have gained back there previous prices even though it's not yet close to 70k but at least price recovery is something that energized most holders from having fear especially newbie invest who doesn't have that mindset to hold Bitcoin for long duration.

[joniboini]

I think it depends on what you consider as manipulation though, judging from how polarizing the social media nowadays. I saw a tweet arguing that we're entering a bear market due to the lower highs and higher lows, while the other argues that we're still on track for another ATH because some whales are moving their funds here and there. Personally I don't really focus much on whether it is manipulated or not, as long as I can ride the wave and gain profits from it. I think it's better if Bitcoin is distributed to more people anyway since it will reduce the chance of a single sell order causing a massive dump on the market, though that's like chasing an elusive phantom at this point. CMIIW.

[examplens]

Not barely 48hrs the price of bitcoin moves from 52k to 60k like I was mean to asked if there is any positive news that gives rise to this sudden increase, though wasn't expecting bitcoin price to remain stationary but they way it moves seriously increased without any delay or is there any whale that came to buy at huge?

Nothing spectacular, just returned to the previous level before the last short-term dump. There is no reason to panic, almost ordinary things, and it was an excellent opportunity to increase the portfolio.

[Yamane_Keto]

Manipulation can happen in small tokens where $1 million or $10 million can cause a big change in the price, and a whale or a group of whales can spend these millions to manipulate the price. In Bitcoin, Germany sold 50,000 Bitcoins and we did not see a clear negative impact on the price, so it is difficult to believe that whales can manipulate the price of Bitcoin.

[EluguHcman]

Manipulation can happen in small tokens where $1 million or $10 million can cause a big change in the price, and a whale or a group of whales can spend these millions to manipulate the price. In Bitcoin, Germany sold 50,000 Bitcoins and we did not see a clear negative impact on the price, so it is difficult to believe that whales can manipulate the price of Bitcoin.

Small tokens like the MemeCoins I guess. Huh? Yes of course the markets of Memecoins can always be manipulated usually when the developers pushes a new hyping strategy after flopping of the coin.

Certainly no surprises about it because that is how the coins gains their values but as for Bitcoin, it remains a marketing derivations bestowed on demands and supplies.

[0t3p0t]

To be honest there really is no accurate answer to this as we do not know exactly what happened to that sudden price increase. Seems there is no significant news that might be the factor though it could be manipulated by whales or it could also be just natural.

[yhiaali3]

In general, the market is manipulated by big whales, but that is not necessarily the reason now, because there are natural price cycles of decline and rise and the market is also affected by many political and economic data and factors, etc.

According to what I heard from some Telegram channels, during the recent period, Bitcoin ETF whales have been accumulating in an unprecedented way, as the accumulation amount has exceeded 400,000 Bitcoin. This means that there were huge purchases that led to a rapid rise in the price.

[Mr. Magkaisa]

Not barely 48hrs the price of bitcoin moves from 52k to 60k like I was mean to asked if there is any positive news that gives rise to this sudden increase, though wasn't expecting bitcoin price to remain stationary but they way it moves seriously increased without any delay or is there any whale that came to buy at huge? Please if there is any news that relates to sudden increase don't hesitate to share here.
Those who are doing DCA have also made some cool cash in between this shortest time frame as the price seems to be manipulative.

        -      That's really how it is in the field of crypto space, right? especially if you are a long-term holder of bitcoin or top altcoins, you will only do DCA and you will not keep up with the latest updates in this business industry.

This is also the safest thing to do so that our investment capital will only be put in danger that in the end we will not be blessed with earnings from what we bought.

[Husires]

The market lost more than a trillion dollars in less than 24 hours, which is almost equal to the capacity of the Bitcoin market. It is natural to see a decrease in the value of Bitcoin, as the year is continuous, and when you lose money in a place or in the stock market, you may sell part of the Bitcoin to compensate for your loss.

[SmartGold01]

Not barely 48hrs the price of bitcoin moves from 52k to 60k like I was mean to asked if there is any positive news that gives rise to this sudden increase, though wasn't expecting bitcoin price to remain stationary but they way it moves seriously increased without any delay or is there any whale that came to buy at huge?

Nothing spectacular, just returned to the previous level before the last short-term dump. There is no reason to panic, almost ordinary things, and it was an excellent opportunity to increase the portfolio.

Well I was curious to know why and I contacted a fellow to know why, what I got is that "Russia has legalized cryptocurrency mining" maybe it could be the reason but I don't know how authentic this news could be. Please is there any russian among us here they should verify and get us updated to know if this news is actually authentic.
You know I can't just totally rely on news given by a friend maybe they may not got it from a reliable source and if the source lies meaning a wrong information has been shared and distributed.

[MrSpasybo]

In general, the market is manipulated by big whales, but that is not necessarily the reason now, because there are natural price cycles of decline and rise and the market is also affected by many political and economic data and factors, etc.

According to what I heard from some Telegram channels, during the recent period, Bitcoin ETF whales have been accumulating in an unprecedented way, as the accumulation amount has exceeded 400,000 Bitcoin. This means that there were huge purchases that led to a rapid rise in the price.

I personally believe that the entire crypto market is manipulated and controlled by whales. Whales have enough media and financial power to manipulate the market and generate profits for themselves, but they often take advantage of market cycles and changes in market sentiment to make manipulation easier and more cost-effective.

However, I rarely pay attention to the actions of whales on BTC because BTC price chart provides enough information for me to analyze, assess, and make investment decisions. Focusing on stories related to whales doesn't really add any value to my long-term DCA strategy in this market.

[famososMuertos]

There is nothing here, whatever the situation is, it is something between volatility parameters, in fact, we do not have to look at such old historical data, look at those from this year, in January we were in the 40k range.


Edit:

Price High-Low
2024:ATH

|	Month	|	H (Day)	|	L(Day)	|
|	Jan	|	$46,987(9)	|	$38,740(23)	|
|	Feb	|	$63,913(28)	|	$41,879(1)	|
|	Mar	|	$73,750.07(14)	|	$59,323(5)	|
|	Apr	|	$72,715(8)	|	$59,163(30)	|
|	May	|	$71,946(21)	|	$58,253(2)	|
|	June	|	$69,987(29)	|	$53,717(5)	|