Post
Topic
Board Speculation
Re: Reason for bitcon fall
by
Nisharawal
on 11/02/2018, 14:58:03 UTC
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?

I don't think the news will affect the market price to the big extent because all the news and announcements are already discounted in the financial markets like Crypto market, Stockmarket and forex market. Just like the good news coming on the weak market doesn't help it to move upside same way the bad news cannot releasing in the good trending market cannot make it helps to move down. It all depends on the technical demand and supply in the market and it also depends on the technical trend. Till now the bitcoin market was moving up and so because of that reason it was expected to see bitcoin to fall no matter whether the news is positive or negative.