Hey guys, I hadn't checked prices for a while and I did so today and noticed that everything is skyrocketing. Obviously this is because BTC is moving up but do we have any idea why things started moving up all of a sudden?
,,,Actually, it's really excited to know the good news about bitcoin, because this is all about we wanted to know is to check the prices in everytime. Nornally, if the demand moving up, the prices also going to rise. Prices moving up is okay but is there any real reason behind it or just a fake run to trap new investors again?
Suddenly it went without any good news about the cryptos so I'm bit worried that it may correct back even more than earlier slowly.
I read some analysis in a telegram channel that this time round prices can even go as high as around 9K and if that breaks then we will see more high prices otherwise it will correct back.
you don't always need a good news for price to go up or bad news for it to come down. market is moving on its own regardless of news! and when we are at very low levels (eg $6k) it means we are way below the real value of bitcoin and it needs to go up and do it fast. the problem here is that people are too familiar with the word "bubble" when price rises but there is no word for when price is down, lower than intrinsic value, that is when sudden jumps happen.
and stop reading "telegram channel" they won't give you any valuable information ever
