Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin moving now?
by
Dr.Bitcoin_Strange
on 15/08/2023, 21:48:12 UTC
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

Bitcoin and the dollar are not the same thing, so we can't compare the two together. The price of Bitcoin depends on different factors, like demand and supply, positive economic news about Bitcoin, etc. Also, we know that Bitcoin has two seasons, which are bull and bear markets, and during the bear market, the price of Bitcoin dips due to so many facts that can arise during that season. During the Bull market, there are many things that contribute to the high price of Bitcoin, like the Bitcoin halving. The next Bitcoin halving is gradually approaching, and I think this is still an early time to acquire Bitcoin because we cannot tell what the price will be towards the end of the year or by next year.