I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.
I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?
I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion
).
I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?
I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion
).It might be in part because of the weekends event, but I think it's more because of a steady build up to challenging the $120 price (After many attempts), and once it broke out, it went on to the next tier.
At the time $113 or so was a very strong support, that was crawling up on the price, and that helped scare it up, I think.
