We are closing to the Chinese Lunar New Year! Why is that a factor? Well, because most of Asia celebrate it and it is one of the biggest, if not the biggest event there. Quite a lot of people from Asia working overboard will come home to celebrate with their families. And what do they need? Money. And a lot of it, as Chinese New Year is the biggest spending spree in Asia. So when they see the FUD about India and the BTC going down, they will panic sell as they can't afford to lose any more or they would not have money for big spendings. And also it is not so long ago we have had the Korea FUD about BAN of crypto...
That is a great hypothesis, I didn't even think about it. Just like the recent Christmas and new year people are expected to taking out the profit after they got a big profit. I believe since the China market is strong, the market will do a significant move. Well, that's is a good thinking.Well thank you for liking it
As I discussed few comments bellow the main one, i forgot the Facebook affair, which was huge too... But as we can see, the price got a little bit higher again, so it looks better now. I expect the "normal trend" (i know, crypto is anything but normal) to occur around the second half of February. So in like 2 weeks I do not expect the super fast growth again, but rather slower, more steady one, but once again, there are tons of factors... And some shady tactics sometimes