I am confused about how BTC price comes from blockchain?
So you have been on this forum ever since 2017 and have made 1338 posts and you think bitcoin price comes from blockchain? May I ask what have you been doing all this time and what have you been reading on this forum?
Most importantly if you don't even understand the price and the market how do you claim that 2023 is going to be bearish?!!
I know the economics, demand and supply determines the price. But here how technically price comes from?
That's it mate, supply and demand, so obviously when there is a huge demand, then price shoots after the halving because the supply is dwindling pushing the price to an all time high.
And when the demand is low, like in the bearish sentiments that we are right now, the price is somewhat depreciates.
The price comes from all the trades that is going on in an exchange and averages across.