Btc after weekends

[teodor87]

do you think monday or next week btc will be more then 300$ per 1 btc ?

[1714663625]

1714663625

[1714663625]

1714663625

[sase007]

I dont think so...

280$ maybe...

[Q7]

Which brings me to the question on why somebody or some big entity decides to sell on weekends instead of doing it on a normal working day.

[1Referee]

Which brings me to the question on why somebody or some big entity decides to sell on weekends instead of doing it on a normal working day.

Why not?

This isn't the stock market where you are limited to working hours from Monday to Friday.

The great thing about Bitcoin exchanges is that you can sell or buy whenever you want 24/7.

[Bitcoin_BOy$]

At this rate everyone one will buy and sell the price could not move

[hendracaw]

i think the price no more than $300.

[Possum577]

Why do you think some big entity is doing the selling? Maybe it's a ton of smaller transactions?

[darkangel11]

Why do you think some big entity is doing the selling? Maybe it's a ton of smaller transactions?

Depends what you consider a smaller transaction. I've seen orders of 500+ BTC appearing in seconds one after another. Those who invested at 300+ got scared that it's not going up and dumped it all back to the ~280 which caused a panic sell that broke below 260...

Check bitstamp for example the price was slowly sliding with some resistance to $280 and then dumped to 255 almost instantly (panic sell). panics usually have a rebound when they end, so the price should go back to ~290 in the coming days.

[Coinshot]

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

[darkangel11]

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

There were no news to cause big selling pressure. Slow dump - slow recovery. Anyway btc is looking really weak atm looks like people are simply leaving not selling to buy low like they were doing 6 months ago.

[Possum577]

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

There were no news to cause big selling pressure. Slow dump - slow recovery. Anyway btc is looking really weak atm looks like people are simply leaving not selling to buy low like they were doing 6 months ago.

You're proving my point that it probably wasn't "one big entity" that's caused the decline in price.