Post
Topic
Board Economics
Re: What is behind the past few days of rally?
by
huige007
on 04/11/2019, 12:48:52 UTC
It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.
Maybe want the end of year make candle look green with bitcoin and altcoin price have raise up to higher price, many time end year make bitcoin and altcoin growing to higher price. The most expensive bitcoin price above $16k happen at the end of 2017 and the same thing moment for bitcoin go up maybe on end this year, just prediction with usually happen at end of year you can trust with my opinion and keep running like water.
end of year has  no correlation in bitcoin price,based on history it just hype that drive traders and investors buying bitcoin.as we heard few days ago good news coming from china and it be trigger for bitcoin price movement.from around $7500  its now around $9300 ,significant movemenr from single news from china.we need more to see bitcoin on around $16000.maybe this year bitcoiin will closing below $15k .
Bitcoin tends to rise in some quarters of years and fall in others. Near Christmas, it does gain some value and 2017 was like this. Obviously, it is not like every passed year was 2017 but the prices do change when a year comes to its closing. Even in the least hoped scenario, bitcoin is expected to rise to 15k dollars and this is going to bring a lot of happiness to bitcoin holders. Actually the whole market will become happy.