Post
Topic
Board Altcoin Discussion
Re: Crypto changes.
by
Diamond_Darrell
on 31/03/2020, 17:50:43 UTC
Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while

Price of Bitcoin decreased, because people need money so they exchanged their Bitcoins into fiat to buy whatever they need to buy. Some sold because they expected price of Bitcoin to decrease and bought or will buy back latter. There is a lot uncertainty right now.
The fact that now the situation of uncertainty is 100%
There is an opinion that the price of bitcoin may rise again to 9k, there is also an opinion that the price may drop to 3k
Different points of view of different people reinforce different facts of technical and fundamental analysis. But one thing is for sure, until May the current situation will not change