I suspect it's the halving. Knowing all the stuff related to BTC as a trader takes time, most traders going for stocks, fiat & crypto rely solely on charts and news they catch on-air.
As always, around halving time there's lots of hype so the word was spread around easily and quickly. As both previous halvings ended up in a very large profit, that might be the most logical explanation.
As always, around halving time there's lots of hype so the word was spread around easily and quickly. As both previous halvings ended up in a very large profit, that might be the most logical explanation.
We are sure that halving is one of the reasons why the increases, the price of bitcoin in the market is a great opportunity for investment because of the halving we could expect a profit from our investment.
There has to be very little of those average 30 million investments because Bitcoin is barely moving up. In 2019 we went to 13 thousand and now can't even break 10 so what's wrong?
Did that 14 thousand happen without all those institutional investors? Were people ignoring greyscale and buying on exchanges in 2019 to move the price and now switched to more OTC trading? Was the volume fake back then?
There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.
Did that 14 thousand happen without all those institutional investors? Were people ignoring greyscale and buying on exchanges in 2019 to move the price and now switched to more OTC trading? Was the volume fake back then?
There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.
Maybe 30 million dollars is already a good start this year but the good thing here is we are having a movement in the graph that the investment is continuing to increase. A lot of people and celebrities are finding its way of investing in the market of bitcoin we could safely say that it is a good sign.
