BTC HAS CROSSED $60,000. THE MARKET IS GOING GREEN AGAIN AND PEOPLE ARE EXCITED, BUT IT WON'T LAST FOR 10 DAYS.
This is how you know if the market is healthy or sick. If the market can't stay in a certain price range (+/-$10,000) for at least 10 days, then it is a very sick market.
We've seen BTC climb upwards and it has crossed $60,000 after falling back to $49,000 a few days ago. This rise in price is fake or deceptive because there is no structure supporting it.
Usually, this kind of rise happens when large amounts of money move through the crypto community temporarily. These funds are not here to stay; they're just passing by.
The strategy being used here is the "fish hook and bait" strategy. Big players (whales) put in huge amounts of money to make the market look good and turn green, especially when they are about to send proposals to billionaires to invest in the market. A proposal was sent a few days ago to a few of the Forbes list's top 10 richest people, urging them to invest in the crypto system.
So, the green you're seeing in the market right now is just bait that big whales in the crypto industry use to attract big investors from other industries. Once these investors bring in their money, the market cap increases, the big whales make more money, and then they pull out. The small investors who were hoping for profit lose everything and go home empty-handed, while the big investors who just came in find their funds stuck because they will be at a loss after the crypto big whales pull out. They're stuck and can't take their money out without facing massive losses.
This is a simple tactic that crypto big whales use to scam the big players in other industries.
This is why the market is green right now, and it won't last the next 10 days because the big whales are about to seal a deal that will bring in over $500 million. Once that deal is sealed, they'll pull out their profit, and we will go back to $45,000 - $48,000 BTC.