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© Reuters Bitcoin analyst suspects continued price manipulation The analyst compares the current market situation with the period before the Terra crash. Trader_J says the Bitcoin market is pumped using the stablecoin BUSD.
Acclaimed Bitcoin analyst Trader_J on Twitter sounded the alarm on the current trend of the flagship cryptocurrency. He looked at some historical data to suggest the possibility of an imminent market price crash, following the recent rally.
In a post on Twitter, Trader_J shared a screenshot of a similar trend in the middle of 2022. During this period, Bitcoin price surged from $38,000 to $48,000 in a short period . Following this surge, a sharp drop in price sent Bitcoin to much lower levels, leading to the recent lows at levels below $20,000.
Do Kwon bought $BTC in March last year. This market went from $38,000 to $48,000. The whole pump was manipulation. Now from 17K to 23K the market is fully pumped with
The post Bitcoin Analyst Suspects an Ongoing Manipulation in Price appeared first on Coin Edition.
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