Is Bitcoin ready to pump?
After a long wait, everyone wonders when Bitcoin will make a big pump. Many altcoins depend on Bitcoin and so it has some effect on them. So my question is: do you think Bitcoin is about to go up or should we expect a big drop?
it's hard to say anything for both possibilities. Or rather early! I don't expect a further decline. The supply-demand balance corrects the situation in the shortest time because there is a further decline. btc production decreases. there are a lot of people waiting for prices to fall further.
It's hard to say anything for ascension. but the graphics are not high. If September starts the upward movement then we can say that. but bitcoin has been trading on the same level for months.
As month of the December is coming and people would spend money for vacation this is the month in which the demand will increase because people will buy bitcoin rather than us dollars as their pocket money for their vacation, because the are lots of countries that will accept bitcoins or crypto currency as a medium currency like thailand and Philippines in Asia, Bitcoin and other crypto currency is very comfortable to used because it is safe and fast.