According to this theory, the downward trend in Bitcoin will come to an end soon! A group of researchers at The Crypto Fam have linked Bitcoin’s bear market to price manipulation. Researchers argue that the development of corporate crypto money trading has led to prices falling in the market. However, they point out that we may be nearing the end of the downward trend.
In a report on Hacked.com, a group of researchers at The Crypto Fam reported that Bitcoin relates the bear market to price manipulation. Researchers argue that the development of corporate crypto money trading has led to prices falling in the market. However, they point out that we may be nearing the end of the downward trend.
1/ THE BITCOIN BEAR MARKET: A brief thread pic.twitter.com/1mOoYYIBHU
— The Crypto Fam (@TheCryptoFam) May 23, 2018
According to a new theory, it is not a coincidence that the ongoing sales pressures at Bitcoin have begun on December 17th, when Bitcoin futures contracts were put on the market. Bitcoin prices in a few months following the end of the $ 20,000 to $ 5,980, the tension was reduced.
Bitcoin futures, which enabled traders to open short positions (shorts) very easily in Bitcoin, supported the fast decline. It was almost impossible to get a short position in Bitcoin before the futures were shipped to the market.
The theory demonstrates that corporate money stocks a significant amount of Bitcoin before December 18, before the world’s largest futures exchanges, CBOE and CME, put Bitcoin trades on the market. The bear market that emerged at the end of bitcoin floors consists of the third foot beginning at the beginning of this month and three main downward movements. Every down movement follows a similar path in itself:
1- False decline
2- Failed rally
3- Big drop
The decline in each foot is less severe than before and has less sales volume than before.
The hard work was presented this week with a tweet chain by The Crypto Fam, who defined themselves as a community of crypto-enthusiasts.
Researchers explain the graphs as the result of the bear market consuming gas, since the amount of Bitcoin in bears has decreased since the rise reached its peak on December 17th.
“This is a very simple explanation of how the market works. Most of the total BTC supply is not traded. Some lost forever in forgotten or forgotten wallets. The other Bitcoins are held by powerful sellers who never sell. This gives market makers greater power with their shares in the BTC, “they say.
Is the end of the downtrend?
Researchers say the decline in the sources of bears and market makers is near the end of the downward trend. The jumps almost hit the bottom, according to the old man.
Bitcoin prices range from 7300-7500 over a week. Since the bottom level of $ 6,000, prices have not been able to test new low levels. On the opposite side, the rallies were limited to 12,000 and 10,000 respectively.
Institutional adaptation is seen as a positive development in crypto money trading in general, but the latest research also sheds light on the downside risks of trades. A similar result to this survey was also revealed by the San Francisco Fed. That rapport was also related to the beginning of the Bitcoin floods on December 17th, when Bitcoin was on the market for the last six months. Tags: bitcoin price prediction 2019, bitcoin price prediction today, bitcoin price prediction 2018, bitcoin price prediction chart indian, bitcoin price prediction 2025, bitcoin price prediction 2020, bitcoin price prediction today usd, bitcoin future value predictions