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    Author Topic: Larry ink of BlackRock says he thinks Bitcoin is going up.  (Read 399 times)
    Agbamoni
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    January 30, 2025, 10:23:16 AM
     #21

    What causes either pump or dump of any asset? It's basically just liquidity. Bitcoin's overall trend suggests that it will still pump but pinpointing what price mark it will get to exactly isn't that easy. Buying pressure is basically what constitutes the pump of price of an asset and similarly selling off by  some investors after reaching a particular pump price is what causes retracement. If the overall buy pressure isn't strong enough then that retracement may very well escalate to a downtrend.
    Liquidiyt is most likely to cause pump or dump but thats not the only factor. Market sentiment, news and whales also play a role in infulaecing the pump or dump of any asset.

    What's the point of all this? Black rock is a big firm and as a result they have enough liquidity to kick off a strong pump before the news of it causes FOMO that also improves the pump. This is basically why most of their speculations turn out true.
    This will literally seem like price manipulation. Of course the whales are always in control of the market whenever they want to take profit and funny enough they still be the one who buys back when others start selling their fractions after the short time pump. Also, there i a deep sense in what you say here. If Black rock speculations most of the time turns out to be true then any investor should be wise enough to hold on to the period these big companies are willing to hold their Bitcoin.

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