Bitcoin experienced significant volatility over the weekend, dropping to $81,600, but by Monday it had circled back to $83,000.
BTC Price Drop and Recovery
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after falling to $81,600. With the absence of additional selling pressure from U.S. stock markets, Bitcoin managed to erase most losses to return to the levels seen at the last Wall Street close.
Expert Doubts and Forecasts
Some traders, including Peter Brandt, remain skeptical about the stability of recent lows. Brandt voices his dislike for inverted H&S patterns with downward-slanting necklines, highlighting horizontal necklines as more reliable.
Can $78,000 Bids Be Trusted?
Keith Alan from Material Indicators continues to suspect manipulation by a large-volume entity dubbed 'Spoofy, The Whale.' He suggests that this entity has been using order book liquidity to press Bitcoin prices lower and prevent significant gains.
Despite recent fluctuations, Bitcoin has returned to its previous levels. However, questions remain about possible market manipulation by large entities.
