Post
Topic
Board Speculation
Re: Sideways huh!
by
roadrunnerjaiv2025
on 20/05/2022, 05:06:43 UTC
The price have been going down lately, I haven't seen a + in the meantime it's more than -4 but I do think that people who were not so sure about buying Bitcoins at the price which was almost double this amount are going to pump it up soon at the same time there is a lot on the news about bitcoins and other cryptocurrencies being adopted, people meeting El Salvador's govt. - then news like they dropping the bitcoins down it's making everything too weird, there are a lot of FUD's in the market as well, the market haven't recovered from the huge buy out and from the increasing interest rates by fed I think it would only be positive after the recovery.

If one or two of the big whales decide to capitulate because they see an opportunity elsewhere, it will definitely break down. So yes, we never know what's going to happen. I can see that governments and big financial institutions cashing in on crypto or have their own holdings have an influence on the price movement. Since they are always in the news, most investors are tuned in to their stories. It seems like the next trend will take place once any of them make a drastic move.