Post
Topic
Board Speculation
Re: What’s going to make Bitcoin turn from a downward to an upward trend?
by
Franctoshi
on 03/11/2022, 16:53:00 UTC
I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

We need strong fundamental (Bullish news event), Basically the Fed needs to pivot from raising interest rate, Too news events regarding hedge funds, Banks and institutional Investors coming in to Buy Bitcoin with huge amount of dollars (Demand).
Lastly, when Regulation comes into play, that is Big investors needs regulatory clearity in order to Buy Bitcoin, and too we need to see more and more countries begins to adopt and legalize Bitcoin in their various countries.

I do believe that when we start seeing all this above listed points come to play, The law of Demand will take place and Bitcoin is definitely gonna react in price and take an uptrend.