Look like everything is on hold until traders realize that the futures market has no effect on price. Maybe some time later when leveraging is increased from 2.2X to 100X there could be incentive to manipulate the markets. For now I think the accumulation will continue. 25K, 50K soon..
There's no incentive for "manipulators" to manipulate the price down. They can profit taking a long position equally, it doesn't mater for them whether it goes up or down. Them buying a lot of coins so they could dump them makes no sense, they could buy a lot of coins while having a leveraged long position at the same time, which sounds even better, no?
Only 4.3% people voted $12,000-$14,000 for Dec 31, the second least popular option. Interesting, it seems that crowd sentiment is a great contrarian indicator.
So if the march poll has to reach 13k+ there need to be Some pumping action
This poll is a great contrarian indicator. Crowds are almost always wrong.
I don't see how any macroeconomic or political events matter to crypto. All ups and downs are determined by exchanges, whales and insiders and they don't care about macro events. It's not like that real people investing influences the price that much on short term basis.
Mt.Gox bots did more to bitcoin price increase than Cypriot banking crisis or war in Ukraine for example which barely had any effect and couldn't stop the post Gox bear market.