Post
Topic
Board Speculation
Re: Will the price of bitcoin rise again?
by
lienfaye
on 26/08/2022, 03:13:47 UTC
One thing to mention in particular was the bear market a few days ago. Then the price of Bitcoin has decreased due to the market being down. But now, despite being in a bull market, why is the price of Bitcoin decreasing now? Hope the experienced will tell.
Bear market started months ago and now we're not yet in bull market since Bitcoin is not increasing consistently, therefore we are still in bearish season. Anyway there are many reasons why the price of Bitcoin is decreasing and one of that is those investors selling because they're taking profit for short term. Hence if there's a price increase often they take advantage it. Thats why it is ideal to invest in Bitcoin for long term so you wont mind even the current price is low since you have set price or timeframe on when you will sell.