But guess what, it's not a Bitcoin chart
Immediately upon seeing this chart, I am sure everyone and their cat assumed this was a bitcoin chart.
For one I post a lot of those and for two, well it looks like a typical Bitcoin Bart Pattern.
Except this is a chart of gold:
(Source: https://twitter.com/sunnydecree/status/1205164687400325123)
My point is that everyone accepts gold trading as regular market action.
However, anything moves bitcoin around and it must be investigated and bitcoin must be banned, at least that is the narrative that seems to be out there.
It's a market people, prices will go up and they will go down.