Post
Topic
Board Economics
Re: What is behind the past few days of rally?
by
Taskford
on 05/11/2019, 08:32:39 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 .

On what happen today is a Chinese fud and imagine how many percentage gain after the government announce that they will support  the block chain it huge for 24 hours movements right? But  in relation with halving times since it will happen next year maybe we can see your asked price at $16000 by next year or even more since for sure that happenings could bring good hype for all crypto users.