Manipulated yes...this is what markets do. Market Makers play a big role in this…at the very least to keep liquidity high.

That is why I focus on credit...credit is the biggest manipulator. When there's more of it, markets go up…when there's less of it, markets go down. Large institutions that have the most money depend on credit to trade.

The Federal Reserve is thinking harder about slowing down the amount of credit in the system. So I think we test $30K in Bitcoin…$20K at the lowest.