What is mostly common with people is whenever they see that the market pump or dump they try to attribute it to something else happening around the crypto news or the economy development either positively or negatively, we have to consider that the market depends on it supply rate to demand level and so on in making the adjustment to the market price over a period of time, people would have talked alot about the recent rise to $28,100 and how it suddenly plummet down to $25,900 we all know that there's much in anticipation over the market bull but it's may not take the same direction we expect it to go through, this are why the market is unpredictable sometimes.
Price conditions in the current market are difficult to predict, and I was even a little surprised when yesterday I saw prices starting to move again from around $25K to around $26.5K. This means that Bitcoin price fluctuations are still emerging in the market, making it difficult for many people to make predictions, although some people still make some kind of connection with other events that sometimes don't make sense even though they are still in touch with current world economic factors. 
Topic: Bitcoin Market Price in Respect of News (Read 504 times)
I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
The interest of investors or new people who want to invest in Bitcoin after reading the news is still there. But for the increase that occurred since yesterday from $26K to $28K to make Bitcoin in the range of $27K as it is now, I don't think it was because of the news that was so excited, but this was based more on an increase in people willing to take the opportunity to buy Bitcoin before Bitcoin passed $30K again this year. So the drive from people still wanting to buy could also be the reason for the price increase in Bitcoin now.We are up a bit now, and I bet that we are going to be up even more very soon, it happens like this, it goes up a bit first, people sell, and then goes up a lot more. I bet that 30k+ will happen during this run again, and it will be a great time, if not we will definitely see 29k+ soon.
Well of course, news can be a factor to drive price to trade higher or lower. While the recent increase might not have met some people's expectations for larger gains, it's essential to remember that crypto markets often follow a pattern of gradual increases followed by more significant jumps. This could be a part of a larger trend leading to more substantial profits down the line.
In the world of cryptocurrencies, surprises are common, and substantial gains can happen when least expected. So, it's wise to stay informed, diversify your investments, and have a clear strategy in place. So that when right opportunity comes, you're ready to risk your funds.
You may have to believe this with me that news has it own part in a little way that contributed to the market demand or supply and when there's a little shift in any, you should know the implications that there will be also change in the market price, what make the changes is the demand and supply within the bitcoin network but what alter or affect these demands and supplies are other micro factors like the incidence of breaking news, if you could remember the first launch of BlackRock spot bitcoin ETF made cause the bitcoin market to go dip, though things can happen coincidentally but the facts also remains that they have little way of adjusting the demand and supply.
I also don't see BlackRock's first launch of a spot bitcoin ETF as a coincidence with the drop in Bitcoin prices in the market. Likewise with other news which does have an influence on increasing prices because in general good news can always influence the level of demand and supply in the market. Because most people who often use the market to make profits will definitely take advantage of any moment as long as that moment can be very profitable after they read the news or see certain events that can have an influence on the price of crypto assets in the market.What is mostly common with people is whenever they see that the market pump or dump they try to attribute it to something else happening around the crypto news or the economy development either positively or negatively, we have to consider that the market depends on it supply rate to demand level and so on in making the adjustment to the market price over a period of time, people would have talked alot about the recent rise to $28,100 and how it suddenly plummet down to $25,900 we all know that there's much in anticipation over the market bull but it's may not take the same direction we expect it to go through, this are why the market is unpredictable sometimes.
the price had dropped on the time that you do bought then it cant really be that avoided that you would really be finding some valid reason on what actually happens. We know that fundamentals doesnt work anytime and it would really be that depending on the entire market whether it would move or not.It does really vary and this is why some people are really that focusing too much when it comes to fundamentals but
mostly they would really be that going or would be making use of technicals on which it would really be just depending or varying on a certain trader.
Whether the news could really be that negative or positive but it doesnt always reflect out or shows whether the price would be going up or down.
So whether you would be making out some combinations whether you would be going for technicals + fundamentals, then it would really be your choice.
I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
The interest of investors or new people who want to invest in Bitcoin after reading the news is still there. But for the increase that occurred since yesterday from $26K to $28K to make Bitcoin in the range of $27K as it is now, I don't think it was because of the news that was so excited, but this was based more on an increase in people willing to take the opportunity to buy Bitcoin before Bitcoin passed $30K again this year. So the drive from people still wanting to buy could also be the reason for the price increase in Bitcoin now.We are up a bit now, and I bet that we are going to be up even more very soon, it happens like this, it goes up a bit first, people sell, and then goes up a lot more. I bet that 30k+ will happen during this run again, and it will be a great time, if not we will definitely see 29k+ soon.
You may have to believe this with me that news has it own part in a little way that contributed to the market demand or supply and when there's a little shift in any, you should know the implications that there will be also change in the market price, what make the changes is the demand and supply within the bitcoin network but what alter or affect these demands and supplies are other micro factors like the incidence of breaking news, if you could remember the first launch of BlackRock spot bitcoin ETF made cause the bitcoin market to go dip, though things can happen coincidentally but the facts also remains that they have little way of adjusting the demand and supply.
I also don't see BlackRock's first launch of a spot bitcoin ETF as a coincidence with the drop in Bitcoin prices in the market. Likewise with other news which does have an influence on increasing prices because in general good news can always influence the level of demand and supply in the market. Because most people who often use the market to make profits will definitely take advantage of any moment as long as that moment can be very profitable after they read the news or see certain events that can have an influence on the price of crypto assets in the market.What is mostly common with people is whenever they see that the market pump or dump they try to attribute it to something else happening around the crypto news or the economy development either positively or negatively, we have to consider that the market depends on it supply rate to demand level and so on in making the adjustment to the market price over a period of time, people would have talked alot about the recent rise to $28,100 and how it suddenly plummet down to $25,900 we all know that there's much in anticipation over the market bull but it's may not take the same direction we expect it to go through, this are why the market is unpredictable sometimes.
You may have to believe this with me that news has it own part in a little way that contributed to the market demand or supply and when there's a little shift in any, you should know the implications that there will be also change in the market price, what make the changes is the demand and supply within the bitcoin network but what alter or affect these demands and supplies are other micro factors like the incidence of breaking news, if you could remember the first launch of BlackRock spot bitcoin ETF made cause the bitcoin market to go dip, though things can happen coincidentally but the facts also remains that they have little way of adjusting the demand and supply.
I also don't see BlackRock's first launch of a spot bitcoin ETF as a coincidence with the drop in Bitcoin prices in the market. Likewise with other news which does have an influence on increasing prices because in general good news can always influence the level of demand and supply in the market. Because most people who often use the market to make profits will definitely take advantage of any moment as long as that moment can be very profitable after they read the news or see certain events that can have an influence on the price of crypto assets in the market. I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
The interest of investors or new people who want to invest in Bitcoin after reading the news is still there. But for the increase that occurred since yesterday from $26K to $28K to make Bitcoin in the range of $27K as it is now, I don't think it was because of the news that was so excited, but this was based more on an increase in people willing to take the opportunity to buy Bitcoin before Bitcoin passed $30K again this year. So the drive from people still wanting to buy could also be the reason for the price increase in Bitcoin now.You may have to believe this with me that news has it own part in a little way that contributed to the market demand or supply and when there's a little shift in any, you should know the implications that there will be also change in the market price, what make the changes is the demand and supply within the bitcoin network but what alter or affect these demands and supplies are other micro factors like the incidence of breaking news, if you could remember the first launch of BlackRock spot bitcoin ETF made cause the bitcoin market to go dip, though things can happen coincidentally but the facts also remains that they have little way of adjusting the demand and supply.
I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
The interest of investors or new people who want to invest in Bitcoin after reading the news is still there. But for the increase that occurred since yesterday from $26K to $28K to make Bitcoin in the range of $27K as it is now, I don't think it was because of the news that was so excited, but this was based more on an increase in people willing to take the opportunity to buy Bitcoin before Bitcoin passed $30K again this year. So the drive from people still wanting to buy could also be the reason for the price increase in Bitcoin now. 
I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
I do not think that news is the thing that makes bitcoin price move, I think it's more like reaction to the news and then the snowball impact of the market. When you see it crash so quickly like it did, remember that there are people who long and short futures, and that means that some people will take on their profit, and some people will have their bitcoin turned into USDT just because they were wrong and that means bitcoin sold, and that causes trouble.Plus, a lot of people have sell orders, so when it goes down, they end up selling it too. When you combine these two together, going down even 1k would have a trouble of going down 4k as well, that's just how it works and we should be a lot more careful about it for sure.
I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
News certainly has an effect on Bitcoin and Cryptocurrencies, now it is easier to get news access so that anyone makes anyone easily panic when hearing negative news, when it panic then the first thing is to sell assets and change to the type of investment that is low in risk.
You're generally right about that, but I don't agree that all the negative and positive news will have a significant impact on the price of crypto. The market reacts unexpectedly, the price may even drop very low just because of the less credible negative news, on the other hand the same thing happens with positive news.
Both negative and positive news can create swings in the crypto price. Demand and supply change so prices are affected by it. However, all of that is only for the short term, meanwhile, if the price drops very deeply, the market will need time to recover as before.
News certainly has an effect on Bitcoin and Cryptocurrencies, now it is easier to get news access so that anyone makes anyone easily panic when hearing negative news, when it panic then the first thing is to sell assets and change to the type of investment that is low in risk.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had
Blackrock is one of the biggest companies in the world, they do not seem like it, because it is not "their money", but they have trillions and trillions, there are just few nations with bigger GDP than blackrock, think about how rich they are. It could be not their money, but it is still their money to control and do whatever they want to do with it.This means that if they want to bribe the right people to get their ETF working, then they will do that. This is a company that can literally donate enough to make a person president, they are THAT rich, we are not talking about billions, billions is already big enough, we are talking about trillions here, insane amount of money, a country sized company. So that ETF will happen one way or another.
News really has a huge impact on the price of bitcoin because bitcoin is an asset of value and it’s volatile nature makes everyone want to know how well or how bad it is doing. Every Bitcoiner wants to know the direction it’s moving towards so they are always on every news medium to get information about bitcoin. News influences the price of bitcoin or any cryptocurrency positive news can have impact on the price positively and likewise negative news can have a negative impact on its price. When something is not safe or when there is a problem, or maybe there is a rule that goes against bitcoin or maybe a body being introduced causes an inconvenience with the use of bitcoin, it affects bitcoin negatively and price of bitcoin will go down. Take For instance when something is wrong or maybe an exchange got hacked people are forced to sell their assets and bitcoin price will drop. Likewise when there is a positive news it will affect the price positively.
Not all news, some news may make the price move but not all news make it move at all. I think it's important to know the difference and if you are aware of the difference then you are going to be fine. There are a lot of people who are not aware of the difference and because of that they make very wrong moves. They think a news will make it go up or down, and they end up trading because of that, and then the news comes out and heard by everyone and nothing changes at all.I think that is an important thing, there is really nothing wrong with that at all. We should be aware of the situation that would be important in the end if the news matters to the market and if it doesn't matter to the market then that news means nothing.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
News really has a huge impact on the price of bitcoin because bitcoin is an asset of value and it’s volatile nature makes everyone want to know how well or how bad it is doing. Every Bitcoiner wants to know the direction it’s moving towards so they are always on every news medium to get information about bitcoin. News influences the price of bitcoin or any cryptocurrency positive news can have impact on the price positively and likewise negative news can have a negative impact on its price. When something is not safe or when there is a problem, or maybe there is a rule that goes against bitcoin or maybe a body being introduced causes an inconvenience with the use of bitcoin, it affects bitcoin negatively and price of bitcoin will go down. Take For instance when something is wrong or maybe an exchange got hacked people are forced to sell their assets and bitcoin price will drop. Likewise when there is a positive news it will affect the price positively. 
Bitcoin and cryptocurrencies is a type of investment which of course anything including global news, economic issues and so on is very influential, if economic conditions are difficult then many people need cash so that new money will not enter cryptocurrencies so that it makes the market red, and as it happened at this time that many bitcoin owners are switching to stable coins and withdrawing to accounts, making it difficult for the market to rise.
In fact, Bitcoin is a great form of digital investment. As the world rapidly moves towards digital, new ways of investing are also being adopted. As far as global news is concerned, cryptocurrencies and Bitcoin often fluctuate due to global news. Big investors investing in Bitcoin or cryptocurrency tend to focus a lot on global news, and they exit the market before any bad news. This is why the market falls. You are right that if economic conditions are bad, people convert their currencies into stable coins to get cash. If new people don't come into the market, new capital will not come in and the market becomes difficult to go up. You are right that there are many factors that cause the market to fall and people withdraw their capital, after which The market gets into trouble.
We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
We have ETF pending approval that submitted by Blackrock which starts the current hype for ETF once again on crypto market. Halving is too far to be considered as relative to the current price pump since the price reacts on current news being headline on news channel.
Many EFTs have been rejected and I think you shouldn't expect too much news about Blackrock's EFT, which is not what we should expect as the SEC keeps rejecting EFTs. I don't remember where I read it but there is news that the SEC will delay all EFTs until early 2024 and that's also when the halving will take place.
I believe the inflation gives a price boost too since some of the fiat holders is using Bitcoin to escape from inflation that hitting hard the fiat especially the USD.
This is theoretically true but with what is happening, it is not because bitcoin is still not known and accepted by many people. If people really considered bitcoin as an inflation hedge, it wouldn't have been severely dumped in 2022 when inflation peaked. Bitcoin is a better hedge against inflation than gold, but a lack of understanding about bitcoin has led people to ignore it. 
Bitcoin and cryptocurrencies is a type of investment which of course anything including global news, economic issues and so on is very influential, if economic conditions are difficult then many people need cash so that new money will not enter cryptocurrencies so that it makes the market red, and as it happened at this time that many bitcoin owners are switching to stable coins and withdrawing to accounts, making it difficult for the market to rise.
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Long-term investors certainly have to enjoy their lives, enjoy every activity. No need to think about how the market moves. What needs to be considered is the security of their wallet and If you have a backup plan in case of a market crash, it's a good idea to make a buy back or do a DCA if that's necessary. The price target has been determined and we are just waiting for the price to rise to reach the target price. Long-term investing provides good mental health, less involvement with market charts that stress some people out.
Long-term investors will not spend a lot of time in front of the monitor every day analyzing prices and monitoring price movements. They only need to adjust their plans if suddenly their investment assets lose a large portion of their value - but that's not too much to expect from bitcoin. Nonetheless - I still believe they should consider DCA and accumulate assets in the event that their investment assets lose a few percent of their value.
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We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
Something is not completely certain, especially about speculation about the future price of bitcoin. The market will be affected by anything, both news and others, such as politics and world financial conditions, even a pandemic can affect prices.
you dont really have no other choice but to deal with it or face it. Its been always part of the market which these kind of news would really be just popping out like in nowhere.If you dont make yourself that get prepared then you would really be that impulsive on dealing up with these things and might really be altering out your mindset and analysis that you had set earlier.
Whenever you do see some sudden news then it would really be that normal that there would be those people who would really make out some immediate step whether they would be buying or selling depending or according into the news whether its bullish or bearish one. You cant really blame out someone on having that impression because sometimes the market do really make out some significant recognition in terms
of these things on which it would be neither be that effective or not. So its a personal kind of choice whether you would really be that depending with those information or not.
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We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
Something is not completely certain, especially about speculation about the future price of bitcoin. The market will be affected by anything, both news and others, such as politics and world financial conditions, even a pandemic can affect prices.
We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
We have ETF pending approval that submitted by Blackrock which starts the current hype for ETF once again on crypto market. Halving is too far to be considered as relative to the current price pump since the price reacts on current news being headline on news channel.
I believe the inflation gives a price boost too since some of the fiat holders is using Bitcoin to escape from inflation that hitting hard the fiat especially the USD.
My opinion...There are many reasons for a change on this price trend.
We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
Exactly, and in my opinion this is a reasonable condition. Many things can affect the price of bitcoin and cause its price to fluctuate, of course news is one of them.We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
With regards to the halving, I also believe that some correction may be coming. The market is still very sensitive to negative news, some even see it as manipulation. There's a lot to factor in although ultimately I do believe in the price potential in the long term. Current market conditions allow for accumulation, but still consider DCA to anticipate falling prices.
We've got nothing but Halving. I know prices will go up, but I think it's too early yet. Bitcoin price is no longer affected by negative news as much as before. We have seen this in many news. So the market may be sensitive to negative news, but Bitcoin is not as affected as other coins.
There is an expectation in the market that the price of Bitcoin will decrease. Bitcon has been stuck at 29k 30k prices for a long time. The expectation of decline must be met before the price begins to rise. Of course, I think this way, maybe the price will go up without ever falling.
My opinion...There are many reasons for a change on this price trend.
We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
Exactly, and in my opinion this is a reasonable condition. Many things can affect the price of bitcoin and cause its price to fluctuate, of course news is one of them.We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
With regards to the halving, I also believe that some correction may be coming. The market is still very sensitive to negative news, some even see it as manipulation. There's a lot to factor in although ultimately I do believe in the price potential in the long term. Current market conditions allow for accumulation, but still consider DCA to anticipate falling prices.
My opinion...There are many reasons for a change on this price trend.
We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
We are pre halving (previous years there was no pump before halving), price Is already up of 70% YTD, general bear market due high inflation/post COVID-19 season, I mean, there are always many factors to be taken in count.
If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.
Hmmm - even you don't have to go anywhere if you are a long term investor. You only need to do the routine as usual while continuing to ensure the security of your storage wallet remains safe. I don't think long term investors in bitcoin should be concerned about market conditions all the time - of course that's not good for your mental and psychological health.You know - long term investors tend to expect passive income on the assets they invest. Let the market work as it should - you just have to be patient and wait for the best time to take profits. After all you can set a selling price for your asset if you actually hold it on an exchange [not recommended], but for safety advice - you should just store it in a non-custodial wallet while waiting for the price to settle with you.
Long-term investors certainly have to enjoy their lives, enjoy every activity. No need to think about how the market moves. What needs to be considered is the security of their wallet and If you have a backup plan in case of a market crash, it's a good idea to make a buy back or do a DCA if that's necessary. The price target has been determined and we are just waiting for the price to rise to reach the target price. Long-term investing provides good mental health, less involvement with market charts that stress some people out.
If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.
Hmmm - even you don't have to go anywhere if you are a long term investor. You only need to do the routine as usual while continuing to ensure the security of your storage wallet remains safe. I don't think long term investors in bitcoin should be concerned about market conditions all the time - of course that's not good for your mental and psychological health.You know - long term investors tend to expect passive income on the assets they invest. Let the market work as it should - you just have to be patient and wait for the best time to take profits. After all you can set a selling price for your asset if you actually hold it on an exchange [not recommended], but for safety advice - you should just store it in a non-custodial wallet while waiting for the price to settle with you.
If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.
I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.
But this news doesn't always have a positive impact or is in line with what's happening in the market, especially news about price speculation from experts, I think a lot of it misses, but for news about the world's finances and economy it has quite an effect on Bitcoin price movements, both it positively or negatively.I don't believe in the price of $ 40,000 at the end of this month, many experts have predicted this since a few weeks ago, but in fact until now the price of Bitcoin tends to be stable, always at a price close to 30k.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,
The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins.
News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.
Yes i also think news impact on price. News play important role in market price there has no doubt. Some days ago we saw ripple won the case and then ripple price huge pumped within short time. And when El Salvador accepted Bitcoin as national currency then bitcoin price huge pumped. I think news is big matter for cryptocurrency market. When FOMC meeting held then We saw Bitcoin price huge up and down. If we saw positive news then Bitcoin price huge pumped and when news were negative then Bitcoin price huge dumped. Now Bitcoin price is near about $29k stable from some days, if we saw any positive news then Bitcoin price will go up otherwise we will see it will go down. So we have to wait for positive news who are invested on bitcoin. Overall considering we tell News play big role on Bitcoin and cryptocurrency market there has no doubt. 
I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.
We have what triggers bitcoin getting increased to a particular point and also get decrease, what can stop bitcoin or affect the chances of bitcoin increasing and chances of decreasing and people will get astonished or be wandering while is bitcoin that increased a moment now is getting decreasing, so it's as result of negative information passed across concerning bitcoin, so I believe that bitcoin bitcoin that demand and supply of the gravity of this two things can affect the chances of bitcoin getting decrease neither getting increased, that is while we always emphasise on a particular point that bitcoin price is not predictable because the market can change at any point in time.
Well, talking about the role of the media, of course, has a correlation and it has an impact not only on the price of BTC. But, other investment asset components as well. Even though today the market tends to be green, some market analysts still see that the brightness of Bitcoin is still temporary, because investors tend to invest in the short term.
In my view, at this time Bitcoin will still sell in the price range of US $ 30,000-US $ 29,000. the reason is simple because Bitcoin volatility still tends to be high, meaning that global macroeconomic conditions are still stagnant. So, one more thing, as you said above, the Fed also determines the speed and means of achieving this goal.
In my view, at this time Bitcoin will still sell in the price range of US $ 30,000-US $ 29,000. the reason is simple because Bitcoin volatility still tends to be high, meaning that global macroeconomic conditions are still stagnant. So, one more thing, as you said above, the Fed also determines the speed and means of achieving this goal.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
News will always bring impact to the marekt , either it will be having FUD inside or legit news,https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
always people seeing it a place where they can charge the market , from investing to taking out their funds.
so I believe that news such this has one of those mention characteristics .
Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.
not just from the government but also from influential people that has big investments and circulating supply inside their pocket. Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.
That is how it changes the market trend and it influences a lot which a trader must have to look at and consider when to buy and when to sell. This will imply how important to take the news as a part of a Technical Analysis. And that is why we can't compare the past, whatever happens before we can't expect it to happen today and in the coming years because the market sentiment changes from time to time and also the behavior of investors.
Indeed, the Luna scam issue has a huge negative impact on the market, and definitely, we can still witness the same scenario someday.
Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.
Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
This exact statement may not be captioned on the headline but we are all familiar with how SEC recently identify bitcoin from other cryptocurrencies as the only digital asset they recognized, which means the government itself as a whole is getting to understand the difference now between bitcoin and other cryptocurrencies, there comes in a little stir whenever government made mention of anything that have to give credit to bitcoin, same also was when the approval for spot bitcoin ETF was made and when the first display of interest was made, the breaking news make a stir in the market price. This is the reason why the cryptocurrency market is so sensitive to any news whether positive or negative. This thing has decreased heavily since the beginning because it used to be even more sensitive before but nowadays, the reactions are not that severe and the market doesn't take that big of a hit from these news and stuff.
What we should keep in mind is that as the bitcoin keeps growing in terms of popularity the more news spreads about bitcoin and it has a crucial effect towards the pricing of bitcoin. People do capitalized on whatever news they derived from media be it TV stations or social media this effect changes the price and whatever positive news gives birth to increase whereas negative news keeps decreasing the price or causing it to be stationed at a place for so much long without any changes. For instance, bitcoin price has been hovering around $28k to 30k for long now this could be as cause of strong effect of news or possibly selling action being carried by traders.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,
The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins.I think a majority of crypto news events are actually non-events that traders utilize to try and move the market one way or another with their trades. Traders need volatility and the news is where they go to get it. If you have a long term time preference though, the only news you should care about are major changes to regulation (ETF approvals) or the halving event. Everything else is mostly noise.
The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it.
The trick is you don't have to follow news to make a big move to sell your coins. News can temporarily have impact on bitcoin price but bitcoin has the capability of strongly bouncing back (see historical price data of bitcoin). There are instances where news doesn't have any impact on bitcoin price. If you are long term investor then there is no way you need to worry about news.
News can alter the price and everyone says that when positive news are coming then the price become increasing but I don't know the fact that now people are talking about halving and the news are spreading all over the world but still the price is getting down so what the reason behind it?
It is clear that when good news are coming demand grows like halving is a good news so demand is boosting so its value should be increasing but instead of elevation there is a dump in the rate of bitcoin.
I know it's temporary but this temporary ups and downs make the holders discomfort and because of this comfort sometimes they make sudden, wrong and useless decisions.
It is clear that when good news are coming demand grows like halving is a good news so demand is boosting so its value should be increasing but instead of elevation there is a dump in the rate of bitcoin.
I know it's temporary but this temporary ups and downs make the holders discomfort and because of this comfort sometimes they make sudden, wrong and useless decisions.
The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it.
This could have happened due to the actions of a person or several people because the cryptocurrency market is not regulated by any government so that people who have the power to create turmoil in the market can do so in a way that has more influence on prices. Examples include putting more money into the market to buy something, because rich people usually use money more often to get more money through the market. So the power of money is the basic ingredient to be able to do that. 
Just a normal movement, although what we've seen is that the price went down below the support of $29k and everyone was really nervous that will continue to go down as the analysis says it's either $22k or $30k.
The problem is that we are not testing the $31,000 level to say that the price may reach $37,000 before Christmas, but we are testing the lows at $28,000, which if it continues, we will see $22,000 prices soon.If we do not move from levels of $29,200 in the coming weeks, we will most likely return to 22,000, or until we re-test the bottom again.
I agree that news is a factor in Bitcoin's price but I don't think the news of the Fed taking a new approach to Bitcoin was the reason of Bitcoin rising to $30,000. That news was not even clear. It was not big enough as well. And also it didn't say that the Fed will treat Bitcoin as a currency.
Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.
The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it. Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
News has a huge impact on the market and that's because Bitcoin or cryptocurency market is made up of largely inexperienced traders that depends on the news to trade. If similar news was to come out during the bull market it would have had more impact than it did now.
The only reason the market isn't pumping is because we're still in the bear market which fear uncertainty and doubt is still in my mind of traders and investors and you can. See that playing out in the market with the price of Bitcoin trying to increase but later dip down.
It's normal for the market that when there's positive news, the market will response by a increasing and when there's negative news the opposite happens and this isn't only limited to Bitcoin market but it also happens in other market although it happens here more.
It's best not to get too swayed by news like that because it might make you think something will happen to Bitcoin. Sure something will happen but Bitcoin can survive the negative news released by media sites like that.
News like that can also influence you in making decisions related to Bitcoin. So far, many people have panicked with press releases or negative news, even though what actually happened was not what they had imagined. This is why we, as Bitcoin investors, must have strong hands to keep holding Bitcoin and not be affected by any news.
Especially with the condition that the price doesn't move too significantly and sometimes even decreases, it turns out that some people panic and think about getting out of the Bitcoin market immediately. But sooner or later, the price of Bitcoin will start to increase, and even if there is negative news, it will not affect Bitcoin because the time for Bitcoin to increase has come.
News like that can also influence you in making decisions related to Bitcoin. So far, many people have panicked with press releases or negative news, even though what actually happened was not what they had imagined. This is why we, as Bitcoin investors, must have strong hands to keep holding Bitcoin and not be affected by any news.
Especially with the condition that the price doesn't move too significantly and sometimes even decreases, it turns out that some people panic and think about getting out of the Bitcoin market immediately. But sooner or later, the price of Bitcoin will start to increase, and even if there is negative news, it will not affect Bitcoin because the time for Bitcoin to increase has come.
I agree that news is a factor in Bitcoin's price but I don't think the news of the Fed taking a new approach to Bitcoin was the reason of Bitcoin rising to $30,000. That news was not even clear. It was not big enough as well. And also it didn't say that the Fed will treat Bitcoin as a currency.
Maybe, but I guess the point is that it is considered as a good news even though it is not clear, That's why the price suddenly rose to almost close to $30k. However, it is not that strong, so right now, the price is pegged at $29,360.
Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.
Not the first time though, they have been doing it for sure, writing news without validation, in short most of them could be fake so we should take a grain of salt of every news that we will read, and often times it's for click back.
I agree that news is a factor in Bitcoin's price but I don't think the news of the Fed taking a new approach to Bitcoin was the reason of Bitcoin rising to $30,000. That news was not even clear. It was not big enough as well. And also it didn't say that the Fed will treat Bitcoin as a currency.
Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.
Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.
News have significant impact on the price of Bitcoin and in most cases news help push the price upward and when there is fud it will be downward drop, this is a noticeable feature in the Bitcoin market and that is why bitcoin is a speculative assets that one need proper guidance as to what to expect from it price.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
No doubt bitcoin price is influenced by the news. Good news may pump the market, but bad news will definitely dump the market.
In my point of view, this is not a good thing and it shows an immature market. The sad part is that even false news or fuds also cause the bitcoin price to dump.
This also shows that the bitcoin market is very new and there needs to be more adaption of bitcoin. When Bitcoin will be distributed to many people, it will be hard for the market makers to make up the news and move the market in their required directions.
News has a great effect on the psychology and activities of traders. It also affect the sentiment of the market. News can either hype or FUD the Bitcoin market and can easily reverse the flow of market trend if the news is strong enough that it carries a substantial information about the future activities of Bitcoin economic component.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
Make out some impact or not, there's only two possible outcomes or situation that it could really be able to impose towards Bitcoins price in speaking about fundamentals or news around which we cant really be able to tellwhether it would move out or would really be just simply rejected. It is really that been known that this crypto market doesnt really care about external economical events back in the past on which it is mostly that being that independent or could really move the opposite despite of huge economical problems but now its totally a bit different on which whenever we do see some negative news like those FED interest rate related then it is really that trying out to make some movement which would basing up with that kind of sentiment. Somewhat just like on whats been said that not all the time it would really be making out some significant impact on which it is really that still hard to make out precise predictions if we do just simply basing up with FA and not really some mixing with some TA. If you do really take that seriously in speaking about these events then its not really that bad for some additional on which its always been that normal that every step we would make does have that corresponding risks.
News affects the price of Bitcoin and usually if there's a news about the government supports cryptocurrency or a big company investing on it, expect for the price to pump or at least have a short up trend. Bitcoin is still on the sideways and waiting for the right timing to break the resistance, we need more good news like this so Bitcoin can finally start the up trend again. Let's be more positive that no more bad news with crypto so we can have a better trend in the last quarter of 2023.
Yes, for sure those who have been in the market, really knows that news (positive or negative), has a affect on the price, even if the news is not somewhat related to crypto, but at least it has something to do with the financial world, then consider it as some sort of effect to us.
But if the news is directly related to crypto, just like what we've seen in the FTX collapse, it will put a lot of dent in the market.
Hopefully in the last quarter of this year, all we going to hear is good news so that we can at least touch $40k in December.
News affects the price of Bitcoin and usually if there's a news about the government supports cryptocurrency or a big company investing on it, expect for the price to pump or at least have a short up trend. Bitcoin is still on the sideways and waiting for the right timing to break the resistance, we need more good news like this so Bitcoin can finally start the up trend again. Let's be more positive that no more bad news with crypto so we can have a better trend in the last quarter of 2023.
I do not see a change in the price of Bitcoin during the previous weeks, and do not look at the price only, but at the trading volumes near the resistance level, which does not seem to be sufficient to break the top.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.
News affects retail investors which is often translated as a change in supply and demand, which is not happen.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.
News affects retail investors which is often translated as a change in supply and demand, which is not happen.
Just a normal movement, although what we've seen is that the price went down below the support of $29k and everyone was really nervous that will continue to go down as the analysis says it's either $22k or $30k.
But the good news is that it went on the later as we almost touch $30k again in the last couple of weeks because of some positive news attributed to the FEDS. Nevertheless it is still us retail investors who could have move the price if we wanted too. But let's see, we need to overcome that $30k barrier and make it our support line this month.
I do not think that this is a reaction or anything like that, it is not a big increase, it didn't went up 20%+ suddenly or something, didn2t went up even 10% to be fair, it went up very little and that doesn't require any news to go up like that. It can go up like that at any time and we should remember that it is not a big deal at all.
It will take some time before people realize that things could be different, but that doesn't mean that we are going to end up with a result like this when a good thing happens, this is just normal and we should be used to it by now. I get that it will take a while before we could do something better and that is what I am expecting right now, it should be considered good deal.
It will take some time before people realize that things could be different, but that doesn't mean that we are going to end up with a result like this when a good thing happens, this is just normal and we should be used to it by now. I get that it will take a while before we could do something better and that is what I am expecting right now, it should be considered good deal.
News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.
The news affects everything in the market. The news determines public sentiments which then determines the supply and demand and then the price. They are all powerful factors that determine price direction of the asset but the news stands as the most dominant. The thing with the news is that there is always an after effect even when it has died down. Aside the news, a powerful crypto influencer also plays a role too. These influencers may include Elon Musk, CZ of Binance, Micheal Saylor, and others.
I do not see a change in the price of Bitcoin during the previous weeks, and do not look at the price only, but at the trading volumes near the resistance level, which does not seem to be sufficient to break the top.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.
News affects retail investors which is often translated as a change in supply and demand, which is not happen.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.
News affects retail investors which is often translated as a change in supply and demand, which is not happen.
News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.
News have always played a pivotal role in determining the price movement of bitcoin. As positive news results in market uptrends, so negative news also have effect in price downtrend of the market. Some people really take advantage of the event of news to accumulate more bitcoin when the news is negative and the price begins to drop, showing a good sign of buying more. And on the other hand, sell when there’s a positive news causing an increase in the price of bitcoin. In every news, there’s always advantages and disadvantages but one should always trade carefully to reduce the risk of loss.
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Of course, positive news about Bitcoin sometimes really does contribute to the market uptrend, But sometimes it might not really be the news but some other things. Some months ago, I think it was during the period when El Salvador approved of Bitcoin as a legal tender, and the price of Bitcoin really did see an uptrend, but some people were really saying that the rise of the price of Bitcoin then was not because of the news but rather something else, which later it was discovered that there were two incidents that took place then and it was not certain the one that leaded to price increase.
Although the price increase of Bitcoin yesterday really happened so fast, I was just monitoring the market that yesterday, and I can say it might be because of the announcement the FED made.
Although the price increase of Bitcoin yesterday really happened so fast, I was just monitoring the market that yesterday, and I can say it might be because of the announcement the FED made.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,
The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins. On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
This exact statement may not be captioned on the headline but we are all familiar with how SEC recently identify bitcoin from other cryptocurrencies as the only digital asset they recognized, which means the government itself as a whole is getting to understand the difference now between bitcoin and other cryptocurrencies, there comes in a little stir whenever government made mention of anything that have to give credit to bitcoin, same also was when the approval for spot bitcoin ETF was made and when the first display of interest was made, the breaking news make a stir in the market price.
News have significant impact on the price of Bitcoin and in most cases news help push the price upward and when there is fud it will be downward drop, this is a noticeable feature in the Bitcoin market and that is why bitcoin is a speculative assets that one need proper guidance as to what to expect from it price.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
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