Bitcoin Flash Dip Sends Shockwaves – Market Manipulation or Just Chaos?
Bitcoin (BTC) just pulled off another dramatic move. After steadily climbing to $84,720, the leading cryptocurrency crashed within minutes, dropping to around $82,970 in a brutal 15-minute plunge that wiped out gains in the blink of an eye.
A clear pattern is emerging: BTC gradually rises, attracts buyers, and then gets slammed back down when optimism peaks. It's the kind of price action that raises red flags for manipulation or at least fuels serious suspicions.
Despite the StochRSI signaling oversold conditions, this level of volatility makes even indicators unreliable.
It's not just Bitcoin facing this. Many altcoins are experiencing similar behavior—coins rally, then drop sharply, typically during low-volume periods when retail investors are most vulnerable. These moves aren't random; they seem deliberate, trapping breakout traders and seizing liquidity, leaving retail traders in the dust.
Key Levels:
Local High: $84,720
Local Low: $81,211
Current Support Zone: $82,500
Resistance: Near $84,000
Trade Watchlist Tips:
Enter trades with tight stops only.
Avoid leverage unless there’s clear volume confirmation.
Be cautious during low-activity hours—whales are likely watching.
For now, Bitcoin might bounce from oversold conditions, but unless it sustains levels above $84K with strength, caution is still advised.
