Bitcoin price review by Tom Lee (the major analyst of Fundstar Global Advisors)

[XMLGold.eu]

Bitcoin Price Rebounds After Tax season

On Saturday, the Bitcoin price again reached the 9000 U.S. dollars mark. Tom Lee, the major analyst of Fundstar Global Advisors, was not surprised by this fact. In his opinion,  the negative impact on Bitcoin price was caused by the U.S tax season.
Read the full article here: https://www.xmlgold.eu/en/news/article/664/Bitcoin-price-review/

[tora]

I always thought that the main holders,and therefore movers of crypto prices, were Asians. Any good news for cryptos is welcome.

[Bayoe_noe]

Yes,,that's right...Bitcoin finally came back after three months later almost lost the value to 48 percent...probably because more news about companies participating in the crypto market, bitcoin valuations will continue to increase steadily...and then There has been a shift in sentiment towards cryptocurrency in a more positive direction, marked by Bitcoin's soaring price compared to last week,..This indicates that a large investment has begun to see the clarity and flow of money in digital currency transaction services...

[Greenkarki]

After three months the bitcoin price is increasing, it makes many investors who invest in bitcoin. There are some positive news coming about bitcoin. Hereafter the bitcoin values is increasing day by day. So if you have funds just invest in bitcoin and save the bitcoin for future. In future the price will touch the moon. Like last year this year also the price of bitcoin will be break the record.

[supine]

I really think that the U.S. Tax day really affected the price, since most investors and whales that are residing in U.S. would also like to avoid paying high amount of tax based on their crypto holding and income. The price starting recover when the tax day was over which was speculated by a lot of people.

[pat4cryptoreal]

Since USA is a major player in the world economy and USA also have many people investing in bitcoin so any negative decision of USA government towards cryptocurrency will directly affect the price. We have gotten so many goods news that is strong enough to propel the price upward. Today's red is just momentary. 

[BTCeminjas]

Since USA is a major player in the world economy and USA also have many people investing in bitcoin so any negative decision of USA government towards cryptocurrency will directly affect the price. We have gotten so many goods news that is strong enough to propel the price upward. Today's red is just momentary. 

I agreed with your statement, USA is considered as a bitcoin place were is bitcoin begun. So, if the USA will having an issue regarding bitcoin it has a really big impact on the market, we consider at that place they having more investors in bitcoin.
The USA is the widest investors in bitcoin we will not surprise for that matter, at this country may lead to the asian countries that now adopting bitcoin.

[darkangel11]

Taxes are a decent explanation, but how would you explain the price drops in January and February. These months are always bringing some new lows to cryptocurrencies. If the tax year ends in April, there shouldn't be such significant movements 2 or 3 months earlier. If we explain this recent pump with taxes then we should also explain the recurring drop with this same thing.

[Haxor321]

Yes,,that's right...Bitcoin finally came back after three months later almost lost the value to 48 percent...probably because more news about companies participating in the crypto market, bitcoin valuations will continue to increase steadily...and then There has been a shift in sentiment towards cryptocurrency in a more positive direction, marked by Bitcoin's soaring price compared to last week,..This indicates that a large investment has begun to see the clarity and flow of money in digital currency transaction services...

Definitely, the fully adaptation of many establishments and company are really help to the progress of bitcoin system. They will bring the positive things to btc therefore it affect to the movement of it's value in the market. The continuously soaring high of btc value maybe because day after day there will be an increasing adaptation happened. Even if there are negative news spreading worldwide regarding to crypto scamming there are some establishments and a huge of people that still believe and supporting to bitcoin system that's the reason why the negativity will turn in positive things.   

[dev9t9ok]

I expected that 10K was a strong barier for bitcoin and it could not go this barier at once.
Now we need to wait some days to see what will happens to make a financial decision.

[Weawant]

Yes,,that's right...Bitcoin finally came back after three months later almost lost the value to 48 percent...probably because more news about companies participating in the crypto market, bitcoin valuations will continue to increase steadily...and then There has been a shift in sentiment towards cryptocurrency in a more positive direction, marked by Bitcoin's soaring price compared to last week,..This indicates that a large investment has begun to see the clarity and flow of money in digital currency transaction services...

Definitely, the fully adaptation of many establishments and company are really help to the progress of bitcoin system. They will bring the positive things to btc therefore it affect to the movement of it's value in the market. The continuously soaring high of btc value maybe because day after day there will be an increasing adaptation happened. Even if there are negative news spreading worldwide regarding to crypto scamming there are some establishments and a huge of people that still believe and supporting to bitcoin system that's the reason why the negativity will turn in positive things.   

What establishment adoption you are saying? While I don't see any news about big adoption coming with bitcoins, But as the matter of fact the truth behind this is the regaining back the trust of the panic sellers and whales since they don't see any major upset came with bitcoins. And although the dumping of bitcoins continuously occuring well we shouldn't worry about this since there are huge jump will came and that's for sure.

[parobber]

I think there's much more to the reversal than just the end of tax season, it surely contributed in some part. I think a large part was that there was shown to be strong resistance around 6k with little appetite to push the price lower. The few weeks we spent there were enough for people to become confident a bottom had been found.

[aryaadikariyansyahsuwarto]

waaw ,, this is good news. after a crisis for several months yesterday, bitcoin will repeat its achievements at a high price. I am very enthusiastic to hear such news, hopefully this is the beginning of the reoccurrence of bitcoin glory ..

[Labajah]

this is making everybody happy. hopefully this rise will continue moving forward. i am expecting this rise, it very much expected.

[Jating]

I expected that 10K was a strong barier for bitcoin and it could not go this barier at once.
Now we need to wait some days to see what will happens to make a financial decision.

Yes, I also think that the $10K mark is much tougher to get because right now it looks like the price is on a minor correction. Not just bitcoin but the whole crypto itself. Maybe $9500 is too much for most traders that's why one way or another day trader sell a few but strong hands stays and not deterred by this correction.

As far as Tax Season, I still don't get the correlation or the effect on the market price. Does it mean that investors doesn't want to pay more taxes?  Maybe its has an effect but not that significant to really move the price from the last bottom to $9500-$9700. There might be a lot of factors that causes the price to increase and Tax season maybe just one of them.

[cutikanzilong]

when in the united states the tax season occurs so bitcoin prices tend to experience negative impact and go down. But I think we should continue to hold our bitcoins and not be affected by the bitcoin price reduction itself. Because the next 3 months I believe bitcoin prices will continue to rise by itself we need to be patient

[Cofee.BLUE]

I really think that the U.S. Tax day really affected the price, since most investors and whales that are residing in U.S. would also like to avoid paying high amount of tax based on their crypto holding and income. The price starting recover when the tax day was over which was speculated by a lot of people.

So it really means that is true that the bitcoins value which is moving upward are effects of U.S tax? Well, it is good to know that U.S is really has a bulk of contribution to the fully recovery of bitcoin. Thus, for now I can already proves that the huge number of people that demand to btc are really help the system to overcome the difficulties that it's been encountered. However, as of know we can do see that bitcoin is steady moving up or rising up in the market so we are safe as of now from downfall.

[MAJICOIN]

In my opinion the tax season will cause bitcoin in a bad way because it was the only one currency which was free from government intervention and and it was free from tax liability. Bitcoin is very good to hold and the prices is increases in these days again the bitcoin will hit 20k soon and if US give a good feed back about bitcoin movement now a days and if the business developed this money for transaction then it will also increase.

[fauzan Ichsan]

when in the united states the tax season occurs so bitcoin prices tend to experience negative impact and go down. But I think we should continue to hold our bitcoins and not be affected by the bitcoin price reduction itself. Because the next 3 months I believe bitcoin prices will continue to rise by itself we need to be patient

right. we must strengthen mental to keep hold of bitcoin. because now there are already developments where market has started to green. so i think also holding btc is the right solution. because i think btc is not able to break support at $ 6000

[maianh09]

Bitcoin Price Rebounds After Tax season

On Saturday, the Bitcoin price again reached the 9000 U.S. dollars mark. Tom Lee, the major analyst of Fundstar Global Advisors, was not surprised by this fact. In his opinion,  the negative impact on Bitcoin price was caused by the U.S tax season.
Read the full article here: https://www.xmlgold.eu/en/news/article/664/Bitcoin-price-review/

Your reviews and predictions are wrong; the market does not go up according to your expectations. It went down very quickly in the next few days, and it fell more than 10% over the price of the same time yesterday, maybe this is the impact of hacker attacks and 24k ETH.