How can the impact of Bitcoin prices ahead of the Lunar New Year?

[marketone]

I think both are true. I guess the lunar new year will not give the specific impact of bitcoin, because it might not encourage people to buy or sell bitcoin in very much. today, the price of bitcoin looks quite stable, and it signifies that, the lunar new year, did not leave any impact  on the price of bitcoin.

I have been observing that many people are saying bitcoin price will increase when Trump inaugurates presidential ceremony but the price is in same position. Now Lunar New year celebration there is no impact on bitcoin price. Bitcoin price is increasing only when there demand and supply.

[AakZaki]

I think both are true. I guess the lunar new year will not give the specific impact of bitcoin, because it might not encourage people to buy or sell bitcoin in very much. today, the price of bitcoin looks quite stable, and it signifies that, the lunar new year, did not leave any impact on the price of bitcoin.

It is true that the Lunar New Year this year no impact so much, just looks stable prices. on the other hand Indonesian market can not match the prices on the international market.

[iqlimasyadiqa]

I think at the turn of china current market decreased transaction volume. This is because, most traders china taking their holidays. for the future, I remain optimistic that prices will continue to rise. especially after seeing the graph bitcoin users increase every year.

[valta4065]

both of them are bullshit.
because in bitcoin, no amount of analysis is going to work. we are not there yet. right now the whales decide mostly the fate of price. of course that is to some extent. and unless the market grows and exchanges see more volume we can't expect much difference.

but overall price will rise because of adoption alone.

and also the new years never had any noticeable effect so far.

Yeah I've always found the analysis to be pretty dumb in btc --'

In the end it seems that market just... Behaves how the hell it decides to behave!
I'm more and more inclined toward declaring btc trading as a gambling xD

[BitcoinHodler]

i really doubt that it can have any effect on bitcoin price. right now we have had all the effects on the market that we could possibly see. and at this point with the little change in price i bet there is accumulation going on instead of anything else which can only mean rise in the future.

I think at the turn of china current market decreased transaction volume. This is because, most traders china taking their holidays.

you don't follow news much, do you?