Bitcoin observers are noting a potential manipulation tactic known as a PO3 formation, suggesting that recent downward movements were orchestrated to prompt panic selling before a strong rebound. The cryptocurrency has closed above $90,000, a level seen as pivotal by many analysts. If the price can hold this level, projections of an expansion into uncharted territory and a fresh all-time high are gaining traction. Market participants point to rapid recoveries from lower price points as evidence of possible manipulative tactics, with significant entities possibly dropping prices briefly to force liquidations or initiate stop-loss orders. Spike in liquidation activity coincided with sharp BTC price movements, indicating the risks of high leverage positions during times of volatility. The price above $90,000 may attract new buyers and increase the possibility of price escalation, but it remains uncertain if Bitcoin can maintain its position and reach an all-time high.



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