While the world media is making a fuss over MT event, Bitcoin ironically rallied by 20 % yesterday, sweeping the shadow of MT overnight.

The market maker is still on Bitstamp, 70,000 coins were traded yesterday, and it’s the first time a rise is accompanied with such a large trading volume. A lot of people were willing to sell after recent fluctuations and the market maker was pleased to buy. 70,000 coins are approx. $ 40 million.

This trend is actually planned by the market maker from the very beginning. The market maker wants to leave far behind people who sell low to absorb more coins. For Bitcoin, the key to speculation is not the price, but how many coins you have. In November last year, BTC price went up 10 times, but the turnover was only 10%, the market maker could only get 5 % of the total coins. However, in the last month full of panic, as much as 1 million coins were traded in Bitstamp, together with the trading volume in other trading centers, the market maker now should have had at least 10% of BTC in his hands.

From the chart pattern, we see the recent two slumps are all man-made, one is due to the policy from China, and the other is due to the problem of MT. As for BTC itself, it has very strong rising momentum.

Remember, the 10 trillion RMB from Chinese corrupted officials, trillions of USD from the stock market, from Wall street, and from the Middle East is ready to rush into the market at any time.

 

In 2014, Bitcoin will continue its crazy rise!