By the end of this month, will Bitcoin break the $100,000 mark? Here's an exclusive piece of news: The Federal Reserve announced that the rate cut was less than expected, and as a result, the market immediately overreacted, leading to a massive sell-off.
Soon after, the job vacancy data showed a decline, and it seemed like the market had never seen such a situation before, resulting in another wave of sell-offs. Can the same reason be used twice?
But it doesn't stop there; some people in the market started digging up old issues, creating a tense atmosphere.
Even though the U.S. Supreme Court approved the sale of Bitcoin in October, it now seems to be a fresh topic widely circulated, causing panic in the market.
To be honest, this is just my personal opinion, so don't blame me if I'm wrong.
I feel that these big players might be using the job data as a gimmick to intentionally drive down the price of Bitcoin, making others think this is a normal decline.
At the same time, they also brought up the old rumor that 'the U.S. government will sell 60,000 Bitcoins,' but in reality, this could have been done back in October, and the Justice Department has not explicitly stated any intention to sell.
Let me emphasize again, this is just my personal thought: it feels like a well-planned market operation, intentionally scaring people to drive the price down, so that the big players can buy Bitcoin at a lower price.
If I'm not mistaken, then I believe that by the end of the month, Bitcoin will definitely break the $100,000 mark.
