- The horrific crypto market crash continues taking BTC price to $86,000.
- Reputed analyst blames dump on clear market and exchange manipulation.
- Long-term holders have accumulated nearly 20,400 Bitcoin (BTC).
The horrific crypto market crash continues as Bitcoin’s (BTC) price falls below $90,000. In the last 24 hours, the price of BTC fell to a low of $86,000 and is currently standing at $88,000. This is a far cry from the previous ATH Bitcoin set last month at $109,114.88, and an even greater dump from the bullish cycle top prices expected in this bull market.
Horrific Crypto Market Crash Prolonged
Seasoned analysts remain holding strong to their crypto assets claiming Bitcoin (BTC) cannot fall and will only take some time to recover before moving to greater highs. As we can see from the post above, one analyst, Doctor Profit, known for his accurate silver-tongued predictions makes a bold statement about what is causing this continued dump.
In detail, he claims that this is by far one of the most obvious manipulations, from exchanges and market makers, backed by on-chain proof. He remarks how funny it is to see how openly they play their game and says that market makers underestimate traders for only the weak-minded will succumb to the obvious bear trap and give in to FUD selling.
Long-Term Holders Accumulate More BTC
Despite the depressing fall, long-term holders are treating the dump for what it is, a great opportunity to accumulate more crypto. The post above confirmed that after the sharp sell-off, long-term holders have accumulated nearly 20,400 Bitcoin (BTC). This shows unwavering faith in the power of Bitcoin for the long run giving weight to the many bullish BTC predictions for the year.
