Quote from: ethereumhunter on April 07, 2019, 05:43:10 AM

Quote from: ricardobs on April 06, 2019, 08:34:24 AM

Sometimes, the direction the price is moving has nothing to do with news or whatever.
The price can move to any direction even before anyone tries to figure whats going to happen next. Just like what has happened this week, there was a short bull as the price moved from $3,900+ to $5,000+ (currently at $5,009). And no news site had this before it started. So anything can happen in the market before and have nothing to do with the news.

Yeah, I agree with you because the price can go to any price and I think it will depend on the traders and the market situations. If many traders want to buy bitcoin, then it will affect the price, and the price will move to some level price. That will happen too if the traders want to sell bitcoin. But that situations will not have the same as we know that some people can hold the price not to increase or decrease too far, so the price still moving.

That is the real world of crypto, we never hold the price which we would like to be as it varies through the buying and selling scheme in the market. Changes may occurs every often and can't see any continuously flow either to go up or down. In mostly cases, dumping scenario will be the results of panic selling and it contributed a lot to the market prices.