many traders have been thrown overboard since the beginning of this year. therefore, we expect growth at the end of the year. surely all the same traders will return again)
Many traders are holding off their balances before the bull run starts late this year. We are expecting a similar bull run like last year and when that happens everybody is going to sell. Thus there will not be much of a growth in price. Rather a balance between the buy and sell will keep the market rallying near about 10k USD in my expectations.
There was a recent hack in a crypto exchange and millions has been stolen we should be expecting a downtrend right now but for traders this is a good chance to buy more and then hold till the next price surge.
Maybe one of the reasons for the drop and then resistance.
The reason why btc is having trouble going up is because countries regulating it and facebook, google banning crypto advertisement.
Crypto does not give a shit about those organisations.
