Post
Topic
Board Bitcoin Discussion
Re: Is the newly minted USDT, a driving force to surge of BTC ?
by
Youngkhngdiddy
on 05/03/2024, 09:37:01 UTC

March 2023: price goes from $21k to $29k
March 2022: price goes from $38k to $47k
March 2021: price goes from $45k to $59k
March 2020: is bearish: price goes from $9k to $6k
March 2019: price remains in $3k range for the most part
.... Smiley





 Well the OP might be making sense if you ask me, cause if you watch those images closely you'll see that the month of March has been mostly on a  bearish market than bull in the history of Bitcoin, you'll also notice that since 2011 to 2021 it's been on the bear market 8 times and have only been bullish in 2013, 2016, 2019, 2021, and which was the last halving period.
 And if you also notice the second image as well you'll see that they both give accurate same information, it's not as if bitcoin has never been bullish in the month of March before now, you can see that 2013, 19, 21 and 22 where all bullish but the message I think what the OP was trying to pass is that since 2011 or so it's been more bearish than bullish. However some people expected a bear season this March before the halving but there was a U turn this year or would I rather say it didn't go as they predicted.
 That's why it's good for people to DYOR about Crypto currency instead of listening to speculations from the so called whales or paid advertisers. I won't be suprised that a lot of people would be mislead by those predictions and probably sell their coins cause they thought this March would experience a bear market as predicted by people on the media.