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Title: Whats causing the re rise of BTC? Post by: beamin on November 18, 2020, 06:41:58 AM Is there some use case that was finally found for them? Or a easy to use consumer product? If BTC was as easy as cash app it would be huge . Its just too hard for the average person to use. Or is it just another bubble? Im ecstatic I had BTC left over from the last bubble I forgot about checked my phone which has a little wallet on it saw it had over 100$ from 30-49 last time I checked, found my trezor and cashed out all but 1000 that Im actively trading. Im no longer behind onmy rent, thanks bitcoin!
Title: Re: Whats causing the re rise of BTC? Post by: mk4 on November 18, 2020, 07:30:12 AM If you're out of the loop: The United States federal reserve has been printing the US Dollar like there's no tomorrow, effectively harming the value of the USD in the long term. This makes bitcoin useful in this case due to it's steady supply distribution, and due to the fact no bitcoin can be minted after 21 million.
Who is buying the bitcoin? That we don't know for sure, but Grayscale's number of bitcoin in custody has risen by a lot, so by this, we could make an assumption that the institutional investors might be buying in. That, or the current bitcoin holders are continuing to buy in, hence the price rise without that much hype(like in 2017) with retail investors. Title: Re: Whats causing the re rise of BTC? Post by: DdmrDdmr on November 18, 2020, 08:01:51 AM It seems to have a pretty silent echo so far in the mass media, so probably what we are seeing here is mainly purchases made by institutions and what is being called "smart money" from private investors. Then it’s down to supply and demand, and a maybe a bit of short-term gaming by some whales. All in all though, so far, the growth has seemingly been rather organic, which I personally prefer to a mass media hype (which will likely follow).
Title: Re: Whats causing the re rise of BTC? Post by: Charles-Tim on November 18, 2020, 08:21:34 AM Who is buying the bitcoin? That we don't know for sure, but Grayscale's number of bitcoin in custody has risen by a lot, so by this, we could make an assumption that the institutional investors might be buying in. That, or the current bitcoin holders are continuing to buy in, hence the price rise without that much hype(like in 2017) with retail investors. You are just very right about whales/institutions responsible for the recent bull run, I created an article about this like two or three days ago which I believe will be helpful on this thread. The Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC. Bitcoin (BTC) is continuing to show strong momentum even after a major rally. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes exploded across major markets, especially in South Korea and Japan. This time, the Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC, which means possibly High-net-worth investors are buying Bitcoin https://i.imgur.com/VjBji2j.jpg Bitcoin mean transfer volume. Source: Glassnode Another Glassnode metrics paints a similar trend. The number of Bitcoin addresses holding more than 100 BTC hit a seven-month high at 16,271. And, Whales consistently buying Bitcoin over the past few months is optimistic in itself. But, Woo emphasized that the number of new whales has also increased. https://i.imgur.com/G4248eD.jpg The number of addresses holding over 100 BTC. Source: Glassnode Google Trends data shows relatively low retail interest https://i.imgur.com/S0g3Qd1.png Bitcoin search volume on Google. Source: Google Trends Nevertheless, while the search volume for Bitcoin remains low, there is a particularly high interest coming from states like Hawaii, California, Nevada and Washington. But despite the high interests in these areas, it is still researched and known that whales are responsible for the recent increase in bitcoin price. The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin. Various metrics, including Google Trends, have shown lackluster mainstream demand for BTC despite its parabolic rally in recent months Institutional "FOMO" makes the current BTC rally stronger than previous cycles Whalemap analysts described the recent spike in demand for Bitcoin from whales as “institutional FOMO.” FOMO, short for "fear of missing out," refers to a trend wherein investors increasingly buy into an asset fearing it will continuously surge. Referring to a chart showing whale clusters and inflows into whale wallets, the analysts said: “These are the levels and this is what institutional fomo looks like.” https://i.imgur.com/bCPbJMz.jpg Whale clusters emerge when whale addresses — addresses that hold over 10,000 BTC — buy Bitcoin and do not move it for prolonged periods of time. This shows that whales plan to hold their most recent BTC purchases in their personal wallets. https://cointelegraph.com/news/bitcoin-whale-clusters-show-institutional-fomo-is-behind-the-btc-rally https://cointelegraph.com/news/silicon-valley-and-smart-money-are-behind-this-bitcoin-rally-data-suggests https://cointelegraph.com/news/grayscale-now-has-half-a-million-bitcoin/amp https://i.imgur.com/Z0CoUL9.png Bitcoin Holding in Companies https://bitcointalk.org/index.php?topic=5282052.0 Title: Re: Whats causing the re rise of BTC? Post by: odb36 on November 18, 2020, 09:17:05 AM The simple fact that there is no Bitcoins left for selling. Everybody is holding them waiting for $100+k. The 21m supply of Bitcoins is not enough for the all companies, individuals and governments interested in Bitcoin.
It seems that corporate investment drives this bull run, as prominent investors, like Raoul Pal (https://twitter.com/RaoulGMI) and Michael Saylor (https://twitter.com/michael_saylor) invested half a billion each in Bitcoin and are almost double already. Their competitor fund managers and investment companies now want to follow their example. However, the general public is still not aware of what is happening with Bitcoin. They'll probably rush when a new all time high is reached Title: Re: Whats causing the re rise of BTC? Post by: traderethereum on November 18, 2020, 09:53:32 AM Instead of thinking about the reason for the bitcoin price to increase, I will enjoy the moment by selling my bitcoin at a high price.
I don't know the reason, and I think other people will not know the truth because bitcoin prices can go up and down without notice. You can enjoy this moment by selling your bitcoin and make a profit, but you can buy back bitcoin when the price is down. Maybe you don't have to think about why bitcoin can break $18k because I am sure that bitcoin can do that again in the next few days and break the high price. We can only guess what is happening with bitcoin, making the price jump to a high price in a short time. Title: Re: Whats causing the re rise of BTC? Post by: Harlot on November 18, 2020, 10:10:29 AM The market cycle right now is one of the reasons why Bitcoin is going up before March you will notice that Bitcoin was on a bearish season mostly through the year of 2019 and before that it rather had a weak bullish season before that so on a market cycle's natural course you will see a sudden reversal from what we have been seeing during the past few months. With this reversal people will connect various evens whether it is the recent Bitcoin halving or through politics but clearly there is no direct connection linking everything even its price chart is questionable seeing it rise up without a rising volume.
Title: Re: Whats causing the re rise of BTC? Post by: NeuroticFish on November 18, 2020, 10:15:47 AM * The governments (US and others too) are printing money, causing inflation.
* The companies started to trust Bitcoin and invest huge funds into it. * There was a block reward halving, hence miners earn less coins, hence they have less coins to sell. I've also made not long ago a topic about some interesting numbers: https://bitcointalk.org/index.php?topic=5290241 Title: Re: Whats causing the re rise of BTC? Post by: Coyster on November 18, 2020, 10:26:32 AM Many users and even non-bitcoiners are also curious to know why Btc price is moving up and set to cross the ath of 20k usd, thing is I just hope it does not make them start investing cause of FOMO. People tend to forget Bitcoin has had a very good year, with all indication that it will prolly break the ath soon.
Starting from the pandemic that didn't quite affect btc, while traditional institutions plunged, to the btc halving and the numerous big news of companies investing in Bitcoin and others making it their reserve asset, this year was good for btc adoption and now the price is moving in tune with the kind of year it was for btc, which is a good one. Title: Re: Whats causing the re rise of BTC? Post by: Welsh on November 19, 2020, 10:59:15 AM Various reasons, there is rarely just a singular reason for Bitcoin to significantly change its price. Most of the replies in this thread are on point, but also consider what I've mentioned below. You'll start to figure out that its not just one or two things, but a combination of contributing factors that effect the price.
Many users and even non-bitcoiners are also curious to know why Btc price is moving up and set to cross the ath of 20k usd, thing is I just hope it does not make them start investing cause of FOMO. People tend to forget Bitcoin has had a very good year, with all indication that it will prolly break the ath soon. This will always happen, and if history repeats itself Bitcoin will rally up, and then lose value fairly significantly making many impatient investors take the loss, and therefore lose money. This will be true with any investment though, and its specific to Bitcoin. If people see something rallying up, they will invest for fear of missing out on the big bucks, ultimately if the investment you've been watching is starting to rally up the safest conclusion would be you've already missed out. Starting from the pandemic that didn't quite affect btc, while traditional institutions plunged, to the btc halving and the numerous big news of companies investing in Bitcoin and others making it their reserve asset, this year was good for btc adoption and now the price is moving in tune with the kind of year it was for btc, which is a good one. The pandemic has effected the economy of traditional currencies quite heavigly, and to be honest I've been suprised how Bitcoin has remained fairgly stable among it, except for the recent price rise. This might have got a lot of people interested in Bitcoin, which may have contributed to the recent surge, since they might believe its becoming a mature currency, and is stronger than traditional currencies for the reasons above. I can't agree with them at this moment in time, but I can see why someone would think that. Obviously, the positive news of Paypal implementing Bitcoin within the USA has probably had an effect. Title: Re: Whats causing the re rise of BTC? Post by: FireBallex on November 19, 2020, 03:58:50 PM 1. Better exposure since 2018
2. More reliable than stock, already proven when pandemic hit the world 3. Old haters are now supporting the technology 4. Big payment solutions are now implementing crypto payment ( PayPal) 5. Bitcoin supply got reduced every four years and 2020 is another fourth year so scarcity is growing Title: Re: Whats causing the re rise of BTC? Post by: mk4 on November 19, 2020, 04:04:01 PM 5. Bitcoin supply got reduced every four years and 2020 is another fourth year so scarcity is growing Just to clear things up for potential misunderstandings, Bitcoin's supply per se doesn't get reduced; but it's the bitcoin being "minted" per block is what's getting halved, effectively creating a sort of supply shock when demand increases. Title: Re: Whats causing the re rise of BTC? Post by: hatshepsut93 on November 19, 2020, 07:21:59 PM This is another bubble, just like the ones in 2013 and 2017, but this time it's mostly driven by institutional investors. What rises fast also falls fast, but the question is when will it stop - we could easily reach 50k or even 100k, the bullish market can continue for months or maybe even longer. Or maybe it will end soon. Bitcoin has always been so unpredictable, look at just last few years - so many small rallies, bearish declines, stagnations, sideways markets - no one can truly predict what happens next, it's all guessing.
Title: Re: Whats causing the re rise of BTC? Post by: Husires on November 19, 2020, 07:23:41 PM All news will turn red when the price returns to below $ 14000, we have witnessed a period of great price increase and it has moved to many levels so you will hear the same analysts who recommend you to buy the dollar will recommend you to sell again.
Do not listen to them at times like these because it is a rising wave and everyone wants to talk about it and invest in times when everyone is pessimistic about buying. Title: Re: Whats causing the re rise of BTC? Post by: Insanerman on November 19, 2020, 07:43:22 PM If you're out of the loop: The United States federal reserve has been printing the US Dollar like there's no tomorrow, effectively harming the value of the USD in the long term. This makes bitcoin useful in this case due to it's steady supply distribution, and due to the fact no bitcoin can be minted after 21 million. Who is buying the bitcoin? That we don't know for sure, but Grayscale's number of bitcoin in custody has risen by a lot, so by this, we could make an assumption that the institutional investors might be buying in. That, or the current bitcoin holders are continuing to buy in, hence the price rise without that much hype(like in 2017) with retail investors. Indeed. But it wasn't always the huge companies and/or institution's investment to crypto that strongly affects it's price, it is them being trusted by many small investors that is composed of both crypto and non-crypto enthusiasts. By their adaptation of the crypto -- the Bitcoin in particular, the demand rises causing the market to constantly grow and move sideways as the demand and hype being in a current stability. I mean, even the news that the huge companies/institutions make, tends to hype the market (but not for those analysts that sees it to be a huge risk to the crypto) Title: Re: Whats causing the re rise of BTC? Post by: OgNasty on November 19, 2020, 08:10:10 PM The answer: People are buying it.
Title: Re: Whats causing the re rise of BTC? Post by: Coyster on November 19, 2020, 08:15:41 PM This will always happen, and if history repeats itself Bitcoin will rally up, and then lose value fairly significantly making many impatient investors take the loss, and therefore lose money. This 'history' can very well repeat itself, and I think the investors that will be shaken by it are those who prolly joined the network not too long ago (this year maybe), or are investors who bought right after the halving ( you know many invested after that event), without any knowledge of Bitcoins history/it's historical rise and fall. Having said that, for investors who understand the Bitcoin network more and even go as far as appreciating and also using btc as a currency (money) and not only as an investment, no significant loss of value will make them sell up the stash in the wallets. What I'm saying is, the best way to invest in Bitcoin is first to understand quite a lot about it, joining the network to get rich quickly is more often than not 'counterproductive'.Title: Re: Whats causing the re rise of BTC? Post by: mk4 on November 20, 2020, 02:46:27 AM The answer: People are buying it. The law of supply and demand, the sure-fire answer for questions concerning price rises and drops lol(and also my favorite reply as it's technically correct). I just stopped using this answer because I sounded too much like a broken record. Title: Re: Whats causing the re rise of BTC? Post by: error08 on November 20, 2020, 03:59:46 AM This is another bubble, just like the ones in 2013 and 2017, but this time it's mostly driven by institutional investors. What rises fast also falls fast, but the question is when will it stop - we could easily reach 50k or even 100k, the bullish market can continue for months or maybe even longer. Or maybe it will end soon. Bitcoin has always been so unpredictable, look at just last few years - so many small rallies, bearish declines, stagnations, sideways markets - no one can truly predict what happens next, it's all guessing. When the time comes for institutional investors to cash out, bitcoin may crash hardly, probably more than 50%. However, we don't know at what price is their target to sell-off. Notwithstanding, the market packed with predictions to reach $30k or $50k, bitcoin seems to rise steadily at this pace to $20k by this year obviously. Let's see how much retraction it would be at that point, whether the investors going to sell or wait for the higher target. Title: Re: Whats causing the re rise of BTC? Post by: n0ne on November 20, 2020, 01:19:26 PM The rise of bitcoin is happening as a result of more people getting into the cryptocurrency usage. Today the price of ethereum too grown high, upon which there is more chances of gradual price increase. The market progress is happening in a much steady manner. Even if some form of price fluctuation happens, surely the price will grow further. This time the growth is not as the previous bull market of 2017.
Title: Re: Whats causing the re rise of BTC? Post by: kapalmabur on November 20, 2020, 02:26:21 PM The answer: People are buying it. The law of supply and demand, the sure-fire answer for questions concerning price rises and drops lol(and also my favorite reply as it's technically correct). I just stopped using this answer because I sounded too much like a broken record. It is not a broken record, but it reminds someone who just knows why Bitcoin can be $ 18000, we must be a role model, because if a new user buys Bitcoin, then we will also see many users who hold bitcoin, and of course that can make bitcoin fundamentals is better, Title: Re: Whats causing the re rise of BTC? Post by: proudhon on November 20, 2020, 02:40:32 PM After extensive research I and my team have conclusively identified the reason behind bitcoin's price increase over the past few months and it comes down to fake news and the fact that bitcoin is a hoax that has fooled a lot of people. We're going to continue our investigation, including collecting private affidavits of how it's a hoax and hopefully we can present our detailed research and win our proven conclusions so we can save people from the fake news bitcoin hoax. SHORT!
Title: Re: Whats causing the re rise of BTC? Post by: el kaka22 on November 20, 2020, 03:33:01 PM People consider this increase as "fast" and that makes me laugh a lot and realize that people do not know what increasing fast means. Bitcoin in 2014 was at around 150 dollars and peaked at 10x higher, it reached 1400 dollars, bitcoin at 2017 started the year at 700 dollars and finished at $20k, that is almost 30 times higher than what it was at the start of the year compared to peak of that same year.
This year wasn't like that, we started the year at $7k, the bottom of course happened at $4k during pandemic I don't know if we should count it or not, and we also had $18k as our highest, from our biggest difference of a bit above 4x to our start being a bit under 3x we are really not THAT much higher this year in increase. So, there won't be a sudden crash because there is no sudden increase neither. Title: Re: Whats causing the re rise of BTC? Post by: barbara44 on November 20, 2020, 09:19:11 PM After extensive research I and my team have conclusively identified the reason behind bitcoin's price increase over the past few months and it comes down to fake news and the fact that bitcoin is a hoax that has fooled a lot of people. We're going to continue our investigation, including collecting private affidavits of how it's a hoax and hopefully we can present our detailed research and win our proven conclusions so we can save people from the fake news bitcoin hoax. SHORT! Sounds more like an ironic statement than anything else and was funny to read it.The price rise was actually expected to happen late every year as it happens but this time the rise happened earlier than expected and more than anticipated so everyone is shocked but to me it is nothing new because if not for the corona virus we might have already reached 25k by now. A big effort was needed to come out of the grove that we were in March this year so we recovered it and then to lift to the price we are now at, I think it's a great success and slap to anyone who called Bitcoin as a bubble. I was wondering if there is any way the John McAfee's prediction about 1 million dollars has a chance. Here are the (not so) wise words - https://twitter.com/officialmcafee/status/887024683379544065 Title: Re: Whats causing the re rise of BTC? Post by: Smitty Werben Man Jensen on November 20, 2020, 10:44:28 PM what causes Bitcoin to rise is a cycle, the cycle will never lie,
and the cycle comes after the Bitcoin halving occurs, this is according to history, and there are still other factors, such as mass adoption, Fomo and indicators. Title: Re: Whats causing the re rise of BTC? Post by: serjent05 on November 20, 2020, 10:47:11 PM There is one billionaire that was published on the news that jumps in the BTC wagon. That is one possibility why the BTC market surges this time. It is also possible that institutional investment is flocking in the BTC market. Or the phase where Bitcoin surge in Bitcoin 4-year cycle is happening. Either of those reasons, I think more people are getting interested in Bitcoin putting demands on the market. What else other reason do we need except for that?
Title: Re: Whats causing the re rise of BTC? Post by: BChydro on November 20, 2020, 10:48:38 PM 2020 Bitcoin rose because mass adoption occurred, 2017 bitcoin rose because of Fomo, The exact same thing was heard during the last rally, the adoption was the factor that is said because of the introduction of options market and other major changes in the market and now if we call those FOMO then we are going to say the same in the next four years. The adoption is evident and there are huge investment coming in from private investors.obviously 2020 is a healthy increase, we must provide support for Bitcoin, the HOLD way! Title: Re: Whats causing the re rise of BTC? Post by: justdimin on November 21, 2020, 09:46:13 AM I believe pandemic is a good reason, people saw that governments are printing money like candy and they do not want to stay in fiat right now because it is obvious that fiat is becoming less and less valuable. The other side is that people believe crypto is getting more attention from companies, from as important as Paypal now accepting bitcoin type of deals to moves such as grayscale and microstrategy type of funds buying a ton of bitcoin as well.
All of these type of moves from companies both increased the price because they are buying bitcoin, but also made others buy bitcoin with hype from it as well that caused an increase. One last thing could be halving finally impacting, it wasn't something that would impact on day one, but it is starting to have some effect on the price as well. Title: Re: Whats causing the re rise of BTC? Post by: kentrolla on November 22, 2020, 02:53:43 PM The rise of bitcoin is happening as a result of more people getting into the cryptocurrency usage. Today the price of ethereum too grown high, upon which there is more chances of gradual price increase. The market progress is happening in a much steady manner. Even if some form of price fluctuation happens, surely the price will grow further. This time the growth is not as the previous bull market of 2017. I am pretty confident the price will break the all time high, just a temporary drop in price doesn't mean it will go down from now, have patience let's wait for a while. As far as I know the demand increases most of the times in the last quarter as many of them use to invest in BTC when Christmas Eve nears and gradually the demand will increase and there are more possibilities to break the 20k barrier this time, just wait and see. Title: Re: Whats causing the re rise of BTC? Post by: judaspriest on November 22, 2020, 04:59:29 PM Bitcoin went up because of what? obviously because of the good news,
the first Biden wins, the second is paypal, and the third is about the Citibank predict Bitcoin $ 312k in December 2021, how can this not make the Bitcoin price bullish? Of course this has an impact!. Title: Re: Whats causing the re rise of BTC? Post by: CODE200 on November 26, 2020, 05:48:08 PM Bitcoin went up because of what? obviously because of the good news, Do you think the price of bitcoin won't be good if Trump wins? Is US presidential election really important for bitcoin? the first Biden wins, the second is paypal, and the third is about the Citibank predict Bitcoin $ 312k in December 2021, how can this not make the Bitcoin price bullish? Of course this has an impact!. The other two reasons I think are more convincing. there will be no difference, the price of Bitcoin will continue to rise even though Trump wins, even though there are rumors that Bitcoin will dump when Biden wins, and in fact Bitcoin experiences a high pump and reaches $ 19k. The possible reason why the market price is in upward movement is due to the increase on its demand. The question now is why there is an increase on its demand at this moment? Some people would say that it is because of what happened to the USD which gives light for Bitcoin to be used more, which I want to contradict. There are many digital and fiat-based currencies as an option. Indeed Bitcoin has advantages but fiat based currencies are more widely accepted, also their market value is less volatile than Bitcoin's. So if it is price decrease which is the main concern, why move to a more volatile currency? IMO, the rise in its demand is because of the widespread of its popularity. Many people are exposed to the Internet due to the indirect effect of this pandemic, and I doubt you won't cross encounter cryptocurrencies through advertisement nowadays, which could trigger curiosity. The impression simply is earning huge profit "easily" which will surely caught the attention of the masses. And to add with this are discussions about this technology including what PayPal did. Title: Re: Whats causing the re rise of BTC? Post by: usekevin on November 26, 2020, 05:55:16 PM Is there some use case that was finally found for them? Or a easy to use consumer product? If BTC was as easy as cash app it would be huge . Its just too hard for the average person to use. Or is it just another bubble? Im ecstatic I had BTC left over from the last bubble I forgot about checked my phone which has a little wallet on it saw it had over 100$ from 30-49 last time I checked, found my trezor and cashed out all but 1000 that Im actively trading. Im no longer behind onmy rent, thanks bitcoin! Sure a demand of bitcoin.Now many had sold at the high value and demand of bitcoin was reduced huge and the price was reduced for now.But you should not take a pump and excited and worry for the dump. You should use both the opportunity to inverse and sell your holding at good price. Title: Re: Whats causing the re rise of BTC? Post by: BrewMaster on November 26, 2020, 05:59:07 PM If you're out of the loop: The United States federal reserve has been printing the US Dollar like there's no tomorrow, effectively harming the value of the USD in the long term. This makes bitcoin useful in this case due to it's steady supply distribution, and due to the fact no bitcoin can be minted after 21 million. this is one of and possibly the smallest reasons for the rise mainly because bitcoin is not JUST rising against USD but it is rising against all fiat currencies and even though the inflation exists all around the world but USD specific inflation is going to be bigger. and i said "going to" because it has not yet happened. sure there are people who are foreseeing it and are dumping their fiat for bitcoin but such people don't go through the traditional channels and won't affect the price. the real rise due to USD tanking will come in the near future. possibly mid 2021 when the effects of crazy money printing policy starts showing itself all over the country and price of everything shoots up from your rent to groceries and finally bitcoin. Title: Re: Whats causing the re rise of BTC? Post by: Hamphser on November 26, 2020, 06:44:51 PM Is there some use case that was finally found for them? Or a easy to use consumer product? If BTC was as easy as cash app it would be huge . Its just too hard for the average person to use. Or is it just another bubble? Im ecstatic I had BTC left over from the last bubble I forgot about checked my phone which has a little wallet on it saw it had over 100$ from 30-49 last time I checked, found my trezor and cashed out all but 1000 that Im actively trading. Im no longer behind onmy rent, thanks bitcoin! Sure a demand of bitcoin.Now many had sold at the high value and demand of bitcoin was reduced huge and the price was reduced for now.But you should not take a pump and excited and worry for the dump. You should use both the opportunity to inverse and sell your holding at good price. we should be smart on when to release up our stashes for us to benefit because if you do let yourself late then you will surely miss it out. To look on the current situation where we did really have a pull back which is expected and this do really create some little panic and how much more if the price did really able to go down even more back in 13k? that would surely be a landslide but i dont see that the price isnt really that strong not to hold for such circumstances. Title: Re: Whats causing the re rise of BTC? Post by: 7788bitcoin on November 26, 2020, 11:43:59 PM Bitcoin went up because of what? obviously because of the good news, If all the mentioned things are the reason for the rally then what is the reason for the crash ;). We are in familiar territory whenever we see a rally we ask these questions and assume some things as the reason for the rally and now we will see more threads coming asking why we had a massive correction in a short period of time. the first Biden wins, the second is paypal, and the third is about the Citibank predict Bitcoin $ 312k in December 2021, how can this not make the Bitcoin price bullish? Of course this has an impact!. All we can say is generic answers, major bullish because of huge investment and correction because whales are booking their profit :D. |
