Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Hugo Barbosa on September 09, 2020, 03:06:24 PM
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We all know the story of Bitcoin back in March...
What about the new story in September?
A repeat of March forthcoming???
Watch this video to save your money!
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I really hope that is not the case but time will tell.
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sideways better then bearish?
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sideways better then bearish?
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I do not think that now the same drop in cryptocurrency is possible, similar to the scenario that was in March, when the news of the spread of the coronavirus was spread around the world. Now people will no longer panic because of the onset of the next wave of coronavirus. A significant part of the population is no longer afraid of the coronavirus, and in this regard, they have even ceased to comply with strict quarantine measures. So I see no cause for concern.
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Although there is now some negative attitude towards Bitcoin due to its stagnation in growth against the background of the growing in price of DeFi projects, this phenomenon is temporary. There is no reason for the fall of bitcoin in price. I think the fourth quarter will be very good for cryptocurrency market growth.
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Is this a bluff or is it an analysis-based prediction? If so, then we must be careful and alert when experiencing a significant price drop. However, it stands to reason because crypto is very volatile and could reverse market conditions to a bullish one
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So far, the fluctuation of the BTC price this month is very high. We can see how the price can reach a higher price and then down significantly only in hours. But, never worry about this because this is the exact nature of BTC where it will always fluctuate.
However, here to remember is that we need to analyze the market whether it will be short or long. just wait for the exact moment.
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Well yeah, BTC is still very volatile. If seen from the chart below, it is interesting to see the chart, right? The chart shows that the increase in BTC so fr is not too significant. It is always about the range of 9k$ to 12k$. What will happen to the next? Of course, everybody will expect to meet more than 15k$ this year. But, can it be? How is it is true that the price of BTC right now will be going down like on March?
https://coinmarketcap.com/currencies/bitcoin/
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In fact, it is very difficult to say what happens at any time. The price of Bitcoin may have stopped for coronavirus but now the price is quite good. Although the price of Bitcoin has come down a bit in March, the price is much better now and it seems that the price of Bitcoin is not going down anymore. The price of bitcoin is expected to rise overnight if the coronavirus leaves this world.
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AFAIK, there is no certainty in the Bitcoin trend. Sometimes it can be changed easily. We don't know what really happens in the near future, maybe the market will continue bullish or maybe turn to bearish. Let's see what the demand of Bitcoin in the next future.
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After March, Covid 19 intervened in the decline in bitcoin prices. Because after March, BTC prices tend to continue to fall. Many people may sell their BTC for purposes due to covid. Even today, the price of bitcoin continues to decline.