What Happens after the Chinese Holidays.will BTC return to its bullish trends

[Marco Ambrusini]

Many crypto advocates have been raising concerns about  the recent dips and bearish runs of btc.Some expects say its because of the Chinese new year.
Will BTC actually rise after this occasion.

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[kueyen]

The occasion is pretty much over already, and we're not seeing an immediate bullish trend which I think is fine. I think when people return to bitcoin en masse it is not going to be a sudden movement, but slowly and steadily. Which is good for the price, sudden explosions do not help bitcoin, as we have seen so far.

[cryptopolus]

I don't think it effected the market that much. Actually Chinese New Year has only one day, the first one ( this time it was the 16th) when they most probably didn't touch money or pay for anything. Tbh I dont think younger people care about the same tradition as much as their elders. Its a bearish time for crypto currencies and thats all. Will pass sooner or later

[cunese]

I think I should not rise, after finished the holiday in China, there are two important meeting, the two meetings will influence the virtual currency market, so I think this time should be more conservative operation.

[MostafaGamal]

i think no effect happen or will happen because this holidays , the problem not on holidays , i think it's about bad news

[baricuri]

I recently saw the price of bitcoin gradually stabilized. Prices range from $ 10.00 to $ 11.000. This is a sign that the bitcoin is stable, unaffected by external factors. But now we can not predict anything, because the bitcoin market is stable, so in the future we will not know bitcoin prices continue to go up or down.

[Matildada]

Many crypto advocates have been raising concerns about  the recent dips and bearish runs of btc.Some expects say its because of the Chinese new year.
Will BTC actually rise after this occasion.

I don't think the Chinese holiday will have an impact on the price of bitcoin. When Chinese New Year comes, people think that the price of bitcoin will be lower because of Chinese New Year. But it has gone up a lot in the New Year, and we can't predict the price of bitcoins in China after the holidays.

[okala]

The Chinese holiday has been over since February but until now bitcoin and others cryptocurrencies has not recovered.  We might need to get to July before seeing fully recovering. I have been following this market since 2016 and as a traders I have find out that this is how this market has been behaving and we just has to understand that this is a bearish market time and bull will resume soonest.

[wdnj]

The Chinese holiday has been over since February but until now bitcoin and others cryptocurrencies has not recovered.  We might need to get to July before seeing fully recovering. I have been following this market since 2016 and as a traders I have find out that this is how this market has been behaving and we just has to understand that this is a bearish market time and bull will resume soonest.




We have seen how bitcoin climb again up in the market. We have witnessed the rise of bitcoin in such a short time or just few day.
But now we are seeing again bitcoin to fall in massive way in just a short time. I dont know what is the reason now as many people are jumping again in bitcoin.
I hope sooner or later the wall on the bitcoin price hike will be gone.


[Wild_Potato]

The Chinese holiday has been over since February but until now bitcoin and others cryptocurrencies has not recovered.  We might need to get to July before seeing fully recovering. I have been following this market since 2016 and as a traders I have find out that this is how this market has been behaving and we just has to understand that this is a bearish market time and bull will resume soonest.




We have seen how bitcoin climb again up in the market. We have witnessed the rise of bitcoin in such a short time or just few day.
But now we are seeing again bitcoin to fall in massive way in just a short time. I dont know what is the reason now as many people are jumping again in bitcoin.
I hope sooner or later the wall on the bitcoin price hike will be gone.


What about the Yuan losing value? That might have something to do with it these days too. The Chinese are pretty fast to get their money out when their government starts devaluing their currency.

But now it's starting to fall again, and really quickly. I don't know what's causing it, but it dropped quite fast in the last hour or so. Maybe they're cashing out to buy cars?

The new year in China is always a good time to buy things. That might have been a stimulus for bitcoin as they sent their money to relatives overseas as well.