If you have been watching the price of bitcoin lately you might have a little bit of worry floating around in your head. The general direction since peaking at about $20,000 has been steadily downward. This has been accompanied with masses of fear inducing news articles from big mainstream news outlets. And if you think about it, it makes sense. The same news outlets that were pushing out articles about bitcoin futures and generating hype are not the ones generating fear, up until now. With the new wave of articles I am seeing today, we have seen one of the sharpest increases that we have seen in weeks, and it could possibly mean the end of the current downtrend, although its too early to tell but it is something I will be looking for.
Since spiking earlier today to $15,200 bitcoin has been bouncing around between $14,700 and $15,200. I will be watching to see if it continues to rise over the next few days, or if this was just a small spike after a few bits of "good news." AKA price manipulation to the masses.
Links showing the new "positive news" that is being pushed out now by mainstream media:
CNBC - https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html
Wallstreet Journal - https://www.wsj.com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433
Wallstreet Journal #2 of the day LOL - https://www.wsj.com/articles/bitcoin-and-its-kin-start-new-year-with-a-bang-1514925179
Business Insider - http://www.businessinsider.com/bitcoin-price-recovers-on-january-2-2018-1
Thank you for reading and have a good day and a wonderful 2018!
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It is so pity Peter, BTC was a bad choice to invest in!
Sounds like a move Soros would pull to manipulate the market of many countries and the US. I believe there will be more tricks. As soon as Bitcoin value goes down again. Watch how many of the deep pocket guys buy large amounts of Bitcoin again.
well done skyefox!