Quote from: Kemarit on Today at 01:25:33 AM

Quote from: kawetsriyanto on March 24, 2022, 11:02:15 PM

Quote from: Emitdama on March 24, 2022, 08:58:41 PM

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

I was a little bit skeptic with the current run, specially when it hits $43,000 again, but seeing the price going as high as $44,000 right now, hard not to think that this could be a bull run or just a bull trap. So we still need to be very cautious in our trading strategy right now, it's better to wait for the price to at least go down to buy and get inside. Of course, there is always the FOMO, but then again, with the war in Europe, we don't know if this the reason behind or it's just that Bitcoin narrative has change, cycles has evolved as well. There were even a call that we might be seeing super cycles, so we will see how it goes.

The good news keeps popping up causing BTC price to rise to 44k yesterday, but it's best that we patiently watch and wait. This is not a good time to FOMO, I still expect BTC to hit 50k by the end of this month but that is just a guess as this is most likely a bull trap.