Bitcoin (BTC) returned above $42,000 on Dec. 5 as analysis remained suspicious of market manipulation.
BTC/USD 1-hour chart. Source: TradingViewAnalysis: New Bitcoin bids not “organic”
Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound taking BTC/USD to highs of $42,498 on Bitstamp.
These beat the 19-month peak set the day prior, with retracements being short lived amid a general atmosphere of excitement throughout crypto.
As Bitcoin continued to reclaim ground lost in mid-2022, however, warnings over the rally’s sustainability continued to flow in. These centered on the behavior of large-volume traders, also known as whales.
In a dedicated thread about the…
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