I was just wondering, to those experts on bitcoin, because I have seen that bitcoin suddenly lay low in going up, and now even plunges. I needed your opinion.
Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot
People hold their coins for future purpose, and they believe now its time to use them. They start selling during before the event. If people continuously selling their btc it will decrease to 10k before new year. Selling bitcoin is helping to decreasing demand and increasing there supply which caused price decreased.