I think the massive correction of Bitcoin price is over since the end of last september and now bitcoin has been on the rise since the beginning of October to date. However, of course the big question is how long this trend of rising prices will continue. Speculation about the period of this bullish market trend continues to emerge, especially since Bitcoin is now a regular news item in the mainstream media.
Yes, listen to this. The current good price trend is expected to last throughout December and fuel the market for bulls until early January 2022. Bitcoin is very popular in 2021 simply because of its market cap and the price per coin has passed the price of 1 kg of gold and has become a natural thing to report in the market. mainstream media, this is the highest price in its history and we should not forget that in the past the price of $69K was not on people's minds.
But what makes the price of Bitcoin go up and down? Is this just endless good and bad news, or are there other indicators that can accurately predict future price movements and declines?
Good news and bad news can affect supply and demand, this is the reason why price volatility occurs. I'm not talking about the possibility of a whale game, but if we can be in a bull market then we can also be in a bear market at any time. To predict price you can use TA and FA, this can help you in making decision. I'm sure none of that is accurate, but you and the others might come close. The best accuracy is luck, so even if you have analyzed with various indicators, you also need luck.