Manipulation/“Hacks”/Tether! Why Is Bitcoin Still At 5900? This Is The Resistance!




Bitcoin price is moving upwards even after the news of the exchange “hack” that rocked the industry. Why is this happening? The Tether implosion is near, and this is clear manipulation of the price at this resistance level ($5900-$6000k). Why is this resistance level so important to btc and the entire cryptocurrency market? Tune in as Chico Crypto breaks down who he thinks manipulating the btc price at this level and why!

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⏰ Time Stamps ⏰
00:08 Introduction
00:38 Current Bitcoin Price Movements
01:34 Why $5900-$6000 Support/Resistance Is So Important
03:32 Tether Will Be The Catalyst That Breaks or Gets Rejected From This Resistance
03:58 Catalyst Possibility #1: Exchange That Should Not Be Named Unloading Tether
05:19 Catalyst Possibility #2: Whales Creating FOMO Before Tether Implosion
06:46 Catalyst Possibility #2: This Is A Natural Bull Run & Bifinex Is Solvent
08:00 Weird Words Coming From Tether Attorneys Mouth
08:38 Conclusion

Tether Investigation With The Exchange Who Should Not Be Named

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**Disclaimer**
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Open CDPs at your own risk!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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30 Comments

  1. ⏰ Time Stamps ⏰

    00:08 Introduction

    00:38 Current Bitcoin Price Movements

    01:34 Why $5900-$6000 Support/Resistance Is So Important

    03:32 Tether Will Be The Catalyst That Breaks or Gets Rejected From This Resistance

    03:58 Catalyst Possibility #1: Exchange That Should Not Be Named Unloading Tether

    05:19 Catalyst Possibility #2: Whales Creating FOMO Before Tether Implosion

    06:46 Catalyst Possibility #2: This Is A Natural Bull Run & Bifinex Is Solvent

    08:00 Weird Words Coming From Tether Attorneys Mouth

    08:38 Conclusion

    ?Buy A Ledger & Keep Your Crypto Safe?

    https://www.ledger.com/products/ledger-nano-s?r=c56a&tracker=MY_TRACKER

    ?Join The Chat On Telegram ? https://t.me/chicocrypto1

    ??Follow Me On Twitter https://goo.gl/gmsDXa

    ??Subscribe to The Chico Channel–https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1

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  8. Thank you your analysis on the $5,900 support level. I do believe that Binance will launch it's own stable coin Before July 1st. This will increase their current trading profits by 100's of millions.

  9. When Tether and Bitfinex win the case, the situation at the market will stabilize. Just wait a bit to see how general attorney was wrong

  10. Could it be an insider war between those behind Tether and Binance? I mean, Tether wouldn't let CZ create his own stable coin easily without trying to take Binance down or using blackmail, planting Tether pros in Binance to hack the system, so people lose faith in the company. I don't like Binance but I don't trust the people behind Tether either. They would go to extremes to keep their Tether on top.
    Or is CZ involved in Tether as well?

  11. Stop spreading BS conspiracies, not everything happening in crypto has a exotic explanation. Binance got hacked, get over it. Bitfinex just raised 1 billion dollars in an IEO from investors to help with the "missing" tether. Add that info to your next video.

  12. Since tether's cash backing was possibly not true, this artificially pushes up the price at all the other exchanges where people are trying to transfer their remaining tether by using it to buy Bitcoins. Likely many will be unable to cash out from Bifinex or tether. A classic run on the bank once it's found to lack 100% backing.

  13. In this way we should investigate every stablecoin – who can guarantee its credibility? tether is more reliable, if to compare with other options

  14. I dont quite get why some folks want to see Tether gone, the coin's been working fine for the past few years, so i dont see a reason to change anything now

  15. crises like that happen and they arent anything new, what matters is how crypto players handle them, and for now Tether seems to be doing its part kinda well imo

  16. Hmm i find it weird that there is such a panic in western market is so concerned and panic about tether while Asians are still in favor of it and use it, what do you think about it?

  17. Here from day one in the pool brother, Keep it going. People may call you crazy but you just do what you want.

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