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RE: bitcoin keeps rising as other weaknesses

in #bitcoin7 years ago

There’s plenty’s of money waiting to come into Bitcoin from institutional investors and on a day like today, with the price falling by about $700 in the last 12 hours, I wonder what it’s going to do to the price. It seems that the ATH we saw in December was caused by the banks buying in before the futures contracts began and as soon as the futures began on December 18th, the price started dropping, because the banks know they can manipulate the spot price of Bitcoin if they hold a large amount and then they make money on the futures contracts. Perhaps they were loading up again on April the 12th? This is just my assessment, you may see it differently.