It is true, the global economic situation has been affected by issues of war, energy and food crises in several places and especially skyrocketing oil and gold prices amidst the ongoing conflict in the Middle East. but in my opinion it doesn't really matter if BTC wants to rise, in fact some time ago Bitcoin skyrocketed past the USD 31,000 mark even though in the near future it only fell a few percent from its current lows and now BTC is starting to slowly rise at a price of $27,940
Usually with war issues have positive side with opening donation using cryptocurrency exactly with Bitcoin, I hope have positive effect learned when first time Ukraine get invasion by Russia and they are opening donation trough cryptocurrency and make price up few percent.
Yes, usually this will happen. Maybe it's not much, but if the donations are so massive it could help BTC break through resistance. And sure enough we just experienced a price flip up to the $28k area today. I have not found any news that there will be donations in the form of BTC for war areas from the Palestinian or Israeli side, but I have the view that the price increase this time could be caused by the liquidity of gold, perhaps. Last week's session, gold experienced a sharp increase and today gold experienced a decline, is this the reason BTC rose?
I did a $25K breakdown vote. I chose this based on recent events that have occurred in the world. FTX case, War, Energy and food crisis in several European countries. Plus BTC is still not able to penetrate the 30K area. Meanwhile, because the situation in several countries was still heating up due to war, many countries and banks began to invest their funds in gold. Gold is still the favorite and could possibly disrupt BTC/Crypto's cap. Coupled with oil which might be monopolized by oil producing countries due to the war needs of their trading alliance countries, there could be more money flowing there than to BTC. This is just my bad opinion, but I still believe there will be a massive price increase soon before the halving and after the halving.
Oh there you are.
I was wondering who it was... Thanks for the honest sentiment. That's a breath of fresh air in these parts.
Anyway, I just locked the poll as per tradition in my sentiment threads to lock the poll at the middle of the month to know the real sentiment and not just for people to vote as to how the price is doing at the end of the month.
And we're having a nice move rn but it seems like it's hitting resistance stopping just a tad below 28k. But let's see how it goes this week.
Cheers for the merit. I appreciate that. It is natural that there is price volatility at times like this, there will be many factors that influence it. Sensitive news related to the war on BTC in particular will have a big impact. Donations, one of which, as mentioned by @armanda90, can be a strong driver of breaking through resistance, but we can't guarantee that either, because donations collected in crypto, even if they have been distributed, are unlikely to be kept forever. it will definitely be melted down and used, this can also cause prices to rise and fall quickly. As long as BTC is still below ma200 we are still in the bearish area, a break above $30K-$33K will give hope to the $40K area.
