Valentine's Day is approaching, and it looks like every crypto user or trader will be wearing red this time due to the current red market conditions. Lol
Hopefully, there will be Valentine's Day crypto events or exchange promotions to lift our spirits. Although I've only seen
this one event from my exchange and I would welcome more if there is any
I would also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.
I have heard about selling pressure around Christmas and Chinese new year but I don't think any significant changes a Valentine's Day would make. Valentine's day have way less significance in fewer nations and smaller age groups. Buying expensive gifts through crypto could make selling pressure but it would be a very minute one as there are high volatilities due to political and other events and statements.
I just looked at historical price and found no specific trends on price around that time.
What does Valentine's Day have to do with the price of cryptocurrency falling? Or should we conclude that the price falls because of the pressure for people to sell part of their crypto portfolios so they can get gifts for their love once? I am still thinking what op actually means by the price of crypto falling during this day. There are so many reasons that can lead to price of cryptocurrency falling which is why it's not appealing to me to just conclude that price falls because of the Valentine that just past.