Topic: Why do Bitcoin drop? (Read 28 times)

 As long as I see what is happening with the value of bitcoin in the Binance exchange, every day it increases little by little, I don't know the meaning of what is happening but I only see one thing I should start saving bitcoin gradually now.

There are many who notice this, and probably others are also trying to save bitcoin so we should not be late. I'm not encouraging you to save, but it's better than regretting it later.

Price movements are determined by volume of buy orders versus sell orders.

If there are significantly more buy orders, in contrast to sell orders: the price goes up.

If there are significantly more sell orders, than buy orders: the price goes down.

If the volume of buy and sell orders are near to equal: the price doesn't move.

Reasons behind price trends are more difficult to define. It is the largest traders with the most money who move prices the most. This is a well known facet of trading. Which is why pump and dump schemes typically involve alts and tokens which have low trading volumes, to make it easier to generate a pump and dump cycle, with lower liquidity.

Most modern price trends are driven by news cycles. Earnings and revenue reports. Unforeseen circumstances reported by the media.

Large price trends usually correlate with a news story of some type.

In past years, traders and financial analysts like Jim Cramer have gone so far as to say that tried to influence journalists into publishing news stories that would swing prices in a way which was profitable for them.

The days of technical analysis and pure market mechanics could be long gone by this point. While chart trading can be profitable in some circumstances, I think the inception of the internet and news media has taken over in many respects. Insider trading for those who know what news stories will hit, before they're published, is probably the best and most profitable trading strategy by far.

Your prediction of bitcoin prices based on analysis between last year and last year cannot be fulfilled in order to have an effect on the one this year. All of these are speculations that cannot be relied on if you are here to invest. Since the market is volatile, speculation has little or no effect on bitcoin's price range.

Perhaps you might have taken a different subject title as that which you have there is eluding. The content doesn't say anything of the subject.

Are you actually making speculations on what could be or your telling us of what would be?
From the way I see it, you seem pretty sure in what to expect and why is that... is it becuase of what the analysts have said about the pitching price from historical records.

It would be interesting to see how these prices play out but, you must know speculations are just that, attempts to explain what price might do but, its never certain.

Crypto analysis checked the fluctuation of Bitcoin last year and past years and the average Bitcoin price the predicted will be $25.523.54
In the month of March 2023. It might come down to $24,615.84 as a minimum. The maximum rate might be $26,926.28. That's how it will go this year.