Bitcoin is the most negotiated cryptocurrency in the world, representing a massive part of the cryptocurrency market. It was the first cryptocurrency that was presented to the public and, therefore, has the most developed infrastructure. But what can we expect from Bitcoin?
Hello everyone! Before starting, I want to tell you that I like to write in a simple way, and I am not an expert on the subject, I simply speak from my experience and from what I learn every day.
What is happening with cryptocurrencies? From my point of view, I think that there are big investors filling their pockets behind all this, accumulating stocks while the price goes down because they are sure that this unfavorable scenario will change, we are in an accumulation zone. Once the accumulation zone is met, the share price must have volatilities by escaping at high volumes. The price explodes exorbitantly although the same is contracted with small adjustments. The idea is to catch this exact moment when the stock reaches the ceiling to sell.But, how long before the price rises to the clouds? Of course I do not know, and is that the "traders" may be wrong and say that the price of the BTC will go in a certain way, and it turns out that the price goes against, the market does not follow the whims of anyone I have friends who say that we will see the bitcoin to more than 12,000 by the end of November and others who think otherwise. But, I really do not think BTC has bottomed out. What I can say is that we are in a quiet moment, although I recommend staying out of the market and waiting for the price to increase or decrease and follow the current.
I hope you like the text, it is my first publication and I hope it is not the last one. Greetings to all.