Lunar new year is coming in next two weeks. It is big public holiday in countries such as Chinese, Indonesia, Malaysia, North Korea, Singapore, South Korea, and Vietnam. I think that people from these countries will sell coins and prepare for new year holiday
Your predictions are quite accurate, in Asia in the next 2 weeks will come Lunar New Year, the purchase of goods for the Lunar New Year is rising, people in this area they will sell altcoin more than buy. I think the number of investors in these markets is not great but it also contributes to lowering bitcoin prices in the near future. 
Topic: Will bitcoin price be affected by Lunar New Year (Read 109 times)
Of course, since most of bitcoin investors come from Asia especially china, korea, japan, and south east asia
I agree with you the combined number of crypto users from these countries holds the majority of crypto users and from the past years this is the time prices begin to rise again as crypto users are going to be back for business Lunar new year is coming in next two weeks. It is big public holiday in countries such as Chinese, Indonesia, Malaysia, North Korea, Singapore, South Korea, and Vietnam. I think that people from these countries will sell coins and prepare for new year holiday
i agreed with pursure its already affected. i think BTC done its correction. FEb is the month in which BTC moves upwards
Of course, since most of bitcoin investors come from Asia especially china, korea, japan, and south east asia
it was already affected by it!
the way news like this (either positive or negative doesn't make a difference) affect bitcoin price is that the effects start way before the actual date. for example if people expect the price to drop due to Lunar New Year, they start selling weeks before it starts, meaning the recent drop from $14k could have been partly because of this.
last year was the same, price dropped from Jan 4 to Jan 13 and stayed low until end of the month.
also same in 2016 and 2015 as far as I can see on the charts.
https://bitcoinwisdom.com/markets/bitfinex/btcusd
the way news like this (either positive or negative doesn't make a difference) affect bitcoin price is that the effects start way before the actual date. for example if people expect the price to drop due to Lunar New Year, they start selling weeks before it starts, meaning the recent drop from $14k could have been partly because of this.
last year was the same, price dropped from Jan 4 to Jan 13 and stayed low until end of the month.
also same in 2016 and 2015 as far as I can see on the charts.
https://bitcoinwisdom.com/markets/bitfinex/btcusd
Lunar new year is coming in next two weeks. It is big public holiday in countries such as Chinese, Indonesia, Malaysia, North Korea, Singapore, South Korea, and Vietnam. I think that people from these countries will sell coins and prepare for new year holiday
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