Post
Topic
Board Speculation
Re: Btc dump to 39600
by
Wiwo
on 18/12/2023, 16:27:01 UTC
Btc broke 42200 support
Now the target is 39600
Some time I wish if the price drop will affect the transaction network because currently the Bitcoin network fee is crazily high and we all are expecting the immediate solutions to that problem and if price correction will solve the problem then it would be good to look out for that possibilities,  since the increase in the transaction fees started immediately the price of Bitcoin starts to rise some time ago.

And even history has it that the Bitcoin network always gets congested as soon as the market starts skyrocketing,  so let's look out for that possibility.

But also back to the Bitcoin price speculations,  it is easier to see such a significant price drop when we are expecting an uptrend direction that could possibly trigger up a bull run in the Bitcoin market, many times, how the price is raised is the same as how it correction will go,  today I saw that Bitcoin dropped in price to 2.8% or 3% during the last 48 hours a  same pattern when the price start raisin some time ago,  we start seeing 3% increase and so on,  so let not be surprised at the current realities with the price.