Many people question how to predict future bitcoin price increases. Curiosity and want to develop a prospective trader will certainly lead to the movement of the chart. Bitcoin fluctuates because of market participants, and the most significant is pressure from local government agencies or agencies.
If you want to know how to predict the price of bitcoin in the future, of course must prepare first. It will certainly take a lot of time to analyze the charts and economic developments. Is it only by analyzing the movement of the chart will guarantee?
The graph is not a guarantee that bitcoin prices will rise in the future. The existence of a graph can be used as a source to 'predict' the rise or fall of bitcoin prices. The more market participants hold crypto, the price will skyrocket. But most people are in too much of a hurry when they hear an uncertain issue.
How To Predict Bitcoin Price Increase
Issues about bitcoin or a currency are often rolled out by speculators when prices are top of the chart. If bitcoin is allowed to continue continuously with the flow of prices and enthusiasts holding the coins. Then alt coins and other tokens will be bad impact, will not develop at all. Issues that are disseminated are not really false news, only the title and printed content makes the reader think otherwise. And the intent and purpose is not like that, like news banning bitcoin in Korea.
How to predict the right and easiest bitcoin price increase? From various bitcoin trips to the figure of more than 10,000 US dollars, it turns out there is a positive side that can be used as the basis of prediction. Rather this method is considered 60 percent much more effective than predicting from the charts. So many traders and shareholders are now more comfortable combining both.
Respond to information published in international news and social media. Any information that is roughly unclear about its intent and purpose will have a significant impact on the reduction of bitcoin prices. For example a company's contract with bitcoin expires, but no mention of an extended contract or not. For 2-3 days later, the press release issued a statement that the contract has been extended. From this news only, after a bearish 10 percent then it could be spontaneously bullish 20 percent.
Such marketing strategies often occur, making the market wonder and what is going on with bitcoin. For those of you who are just acquainted with the crypto world, it may be shocked and cured. But this is how the market participants, if not in the way above, then the price of bitcoin will never be up to hundreds of millions. This is how to predict the rise in bitcoin prices, plus graphical analysis.
And one more thing, be careful with Pump, these methods and activities are actually a lot of protesting. Temporary / group pumps can have adverse effects on the market, and may even dispel buyer confidence in a coin. If a coin is too frequent Pump, many will avoid this coin. Pumping is fine, as long as it is set for the public interest. Even coin developers will also Pump their coins when prices have dropped too far.