The BTC deep continues for the next SIX Months. - page 5.

348Judah

hero member

Activity: 714

Merit: 521

Bitcoin price chart indicating readiness for a new rise up.

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If some people can be coming up with diverse contemplating theories regarding bitcoin then it think it will be right of me if i cannbring up these as well to go opposite of their wrong advise or prediction, so far so good this year bitcoin has been indicating more signs for readiness to rise higher than $25k and base onbthe chart above, the explanation is compared to that of 2019 at about this sane period what ee encountered with bitcoin price by surging high, let's take more look into the chart and see what lies ahead for the price in subsequent months before the end of this year.

Husires

legendary

Activity: 1582

Merit: 1284

It is the strangest way to analyze what will happen in the coming months, and it is probably based on mere baseless speculation.

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BBC market news shows that the number of people trading bitcoin in 2020-2023 has drastically reduced compared to 2013-2015 figures

It does not matter the number of people, but the volume of trading, how much money these people will invest.
It is true that no one expects crazy increases during the coming months, but there is no confirmation because the worst is still possible or greater declines than before.

Upgrade00

legendary

Activity: 2030

Merit: 2174

Professional Community manager

There is no saga of bitcoin's price, it's just the regular market movements, which is expected in a volatile asset like BTC.

Quote from: Blisszi on February 24, 2023, 02:13:51 PM

This is because a good number of BTC has been taken from the system and no further reliable investment coming in to the system.

This does not make any sense. Bitcoins are not taken out of anywhere, they can only be moved from exchanges to personal wallets which boosts the price in the long run.

Quote from: Blisszi on February 24, 2023, 02:13:51 PM

BTC will continues going down if the major shareholders did not turn up to increase the strength and volume of BTC

Bitcoin is not going down, it's experiencing sideways movements. And there are no major shareholders, this is not a public liability company, we only have holders.

Blisszi

newbie

Activity: 28

Merit: 12

This saga of BTC price has no hope for the next Six months, the market cap has shown 70% of possibility price deepening continuing without reversing. This is because a good number of BTC has been taken from the system and no further reliable investment coming in to the system.

BTC will continues going down if the major shareholders did not turn up to increase the strength and volume of BTC , BBC market news shows that the number of people trading bitcoin in 2020-2023 has drastically reduced compared to 2013-2015 figures, that if this continues BTC will suffer insufficient pumps.

If the system continue suffering price creeping, am afraid BTC may end up into another revolution of losses.

Topic: The BTC deep continues for the next SIX Months. - page 5. (Read 638 times)