Post
Topic
Board Speculation
Re: Bitcoin price stay above $40000?
by
kawetsriyanto
on 24/03/2022, 23:02:15 UTC
Yeah, once again that proves that the market is totally unpredictable because no matter how much negative speculations that we saw, the flow of the price is still going in the opposite direction.
I don't think Bitcoin price move in the opposite direction. There should be some reasons why Bitcoin price can increase or decrease. The current increase (BTC hits $44k) is probably the impact of good news about crypto from Ukraine and USA. People are interested to buy more Bitcoin because they view the potential for an improvement on Bitcoin in the near future. It was very different from the situation when BTC price dropped around $35k several weeks ago, people were afraid to buy Bitcoin because of the issue of the world's economic status. The demand was decreasing much, people are worried the war may bring negative impacts to crypto market. So, basically, BTC price moves according to the current situation in crypto, and it can be a bit predictable. IMO