After Chinese new year BTC price will rise?

[omonuyak]

That means this February and March should be months  to watch over and it also means we might start wetness strong recovering face.

[1714125380]

1714125380

[guoyu78]

I didn't really believe that the price would go up. I assumed the initial going down because I thought Chinese people would sell off their coins to pay for stuff but now that I look at the price we can see an increase. Do you guys think yesterdays increase is due to any relation with the Chinese new year ?

I don't know how their culture is but is there like money exchanging hands in any situation? I don't know what could be the reason and honestly I am making stuff up so maybe its totally irrelevant and this increase has nothing to do with the Chinese new year but if you look at the dates we can see that it is pretty close in time and right afterwards we started to see bitcoin increasing and being on a better path.

Whoever assumed it would go up was right, maybe they were right because of the Chinese new year or maybe they were just lucky but they were right all the same.