Quote from: Ndabagi01 on April 26, 2023, 05:04:25 PM

Quote from: Patrol69 on April 26, 2023, 01:52:14 PM

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

This is a bullish sign, and there should be no room for a negative market feeling. Previously, when bitcoin was less than $25K, when the price increased to a certain point, it would then pause and wait for another correction before increasing again, finally beating the previous price it reached before the correction. This has been going on for a while, so it's not a new trend, and it's also a good indicator. In the coming days, if the uptrend would continue we might witness a break through to $33K or higher.

When bullish sign comes many people does not understand the nature of it, actually many people will have different reasoning and different understanding of increment and decrement of a bitcoin, because I know quite well that bitcoin rise and fall before it could stand a ground, so if bitcoin rise above twenty three thousand now, before it will be stronger it will fall and retrace to be above the twenty three or neither be stronger twenty three.