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Cryptocurrency Price Speculations / Re: BTC has not escaped December price dump.
« on: January 17, 2024, 11:00:00 PM »Maybe, we have to pray the mempool remains this way. If it eventually decongests and all pending transactions approved, the price will dump.I know I am posting late but just read your topic, and I really shocked as I never looked at the mempool with this POV, like if there is more congestion then it means the transactions are not occurring at speed, and if they decongests then all the transactions will be completed and the impact will occur on demand and supply ratio. Thanks for giving me this POV.
Besides all this, BTC still ranges between $42k to $43k even after the approval of ETFs, I don't know what is holding BTC back but it should have crossed $50k till now. I think we expected more from this ETFs, or we expected sudden results which we might not see maybe till halving, and after that we might see good results which considering the halving event are so obvious.