Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I always wondered why the Bitcoin price mostly goes up in the US daytimes, while it slowly (sometimes faster) decreases at night.
At some point i imagined thousands of US daytraders (no pun intended) falling asleep each night in front of their computers, with the mouse pointer hovering over the sell button and a finger above the touchpad or actual left mouse button
#GM
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What to expect of Friday?
Will the crypto summit be aired or streamed (implicitly asking for a source)?
Honestly, i'd like to see Saylor roasting the Shitcoin advocates LIVE
At some point i imagined thousands of US daytraders (no pun intended) falling asleep each night in front of their computers, with the mouse pointer hovering over the sell button and a finger above the touchpad or actual left mouse button
#GM
------------
What to expect of Friday?
Will the crypto summit be aired or streamed (implicitly asking for a source)?
Honestly, i'd like to see Saylor roasting the Shitcoin advocates LIVE
As the highest trading volumes occur during US business hours (where everyone is at work and the market is most active), this high demand pushes the Bitcoin price up.
News and economic events are also mostly released during the US day; when good news or important economic announcements come out, traders more confidently trade, causing the price to go up.
The other point is that trading algorithms in case the market is slow, e.g. in night, trigger selling automatically to limit their profits or losses and the price slowly decreases.
Lastly, we should mention that the crypto market is global; although the US plays a leading role in this market, in different time zones, the Asian and European markets are also active and all of these interactions affect bitcoin’s price in different ways.