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RE: The Bitcoin Bounce - Up, Down, Up and Back Down It Goes [Bitcoin][Crytpocurrency]

in #bitcoin6 years ago

There are many factors that affect bitcoin volatility @franciscana23 , but a big one has to be the bitcoin whales selling large amounts of bitcoin on the open market, or trading them for other crypto. This is both good and bad. Good long term because it spreads bitcoin in other hands but short term bad because it causes downward pressure on the price. I think as long as we hold the $6000 resistance mark we are good. If it drops more than 5% below that look out below to maybe $5k.
Bitcoin has gone sideways in price after every major bull run until the next one. Summer of 2020 will be interesting.

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Gracias por la breve pero buena explicación @streetstyle de por que baja el precio del Bitcoin, entonces lo que tenemos que lugar es que no baje de los $ 6000