Post
Topic
Board Speculation
Re: Why bitcoin's price could crash soon by 20%?
by
wajik-tempe
on 27/01/2020, 12:17:43 UTC
I read a website column the details on how could you projected market price of Bitcoin I don't think no one can projected the movement of the market price read accordingly..
This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.
Bitcoin price is very volatile that can change faster it is because of the popularity of the coin that more people buying so more demand and less of supply can change the market price more faster than ever.



Not every year will have the same pattern, even we cannot deny that market could be manipulated by the whales, i think the whales are not gonna use the same patterns to the market because if so, people are not going trapped and the whales are not gaining profits, crypto is always unpredictable