Ninjastic
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Board Speculation
Re: Why Bitcoin is rising suddenly ?
by
Ridwan Fauzi
on 13/10/2020, 05:01:14 UTC
Quote from: sayaya17 on October 10, 2020, 08:07:09 AM
Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000
You may need to often to see the bitcoin price movement because it is a commenting that always happen. It is not about bitcoin price up only but you will see when the price fall, it just need several minutes to see the price fall around $500. As for the reason why bitcoin price up drastically, I have read some news againts it, take a look with this news https://cointelegraph.com/news/top-traders-go-long-after-bitcoin-price-rallies-to-key-11-5k-resistance and https://cointelegraph.com/news/more-investors-hodl-bitcoin-in-anticipation-of-a-2021-btc-bull-market that I think both of news can lead bitcoin go higher than now.