Post
Topic
Board Speculation
Re: Chinese New Year 2019
by
Irvinn
on 26/01/2019, 07:31:55 UTC
So historically bitcoin price tanks around Chinese New Year, starting around 23 days before the event. (https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese)

Chinese New Year 2019 is February 5th, which means we are in the middle of the 23-day-period approaching the big bang. What do you think? Do you believe in the Chinese-New-Year-Theory? Think we have bottomed yet price-wise or will it go down further?


It is unlikely that the onset of the Chinese New Year holidays so affect the price of cryptocurrency. Most likely, many processes at the beginning of the year influence in such a way that the cryptocurrency each year begins to grow approximately from the second half of February. Since January has actually passed and the prices for cryptocurrency remained the same, we hope that progress will begin to appear in the prices of cryptocurrency after the Chinese New Year. Various events may also occur that have a positive effect on the price of cryptocurrency.