Another DUMP in the market within few moments,Whales manipulation!!

The crypto market saw again a dump in prices in just a very quick period of time as the price of Bitcoin dropped from $6190 to $5900 within just a few hours. The volume has also gone down a bit. Also, the BTC dominance has increased significantly over 41% which was somewhere around 37% a couple of days ago. This rise in the BTC dominance has led altcoins to dip more significantly since people are selling their Alts and are converting into BTC. Among the top 10 cryptocurrencies, Bitcoin Cash(BCH) dropped nearly 8%. Cardano, IOTAand EOS were also down between 6%-7%.

src

There was a positivity in the market a few days ago when the price of Bitcoin rises from $5800 to $6250 in just a span of 30 minutes. Everyone was thinking that it's a breakout but I warned you all and told you that the whole market is manipulated by whales and it could be a FAKEOUT rather than an actual breakout. This is what it seems right now that the price was artificially inflated by whales so that a normal trader or investor would enter the market and then they just dumped the price again as it was before that huge pump.

src

According to technical analysis, the next short-term supports seems to be $5915 and $5751. If BTC goes further down then the next strong support seems to be towards $5400.so keep an eye on these supports and enter according to these supports. at the time of writing, BTC was falling and has broken the $5915 support and dropped to $5860.

What do you think will be bottom for Bitcoin and when will the bull run start ??
Let me know in the comments!!

@kryptoncrypto