Do you want to buy bitcoin , wait till February or March

in LeoFinancelast month

The price of bitcoin continues to decline. Even though it rose, it did not exceed the 40 thousand dollar mark.The current upward trend adds only a little to the previous decline in prices. The price was 34 thousand dollars, rose to 36 thousand then fell again to 32 thousand dollars.

The price chart still shows a green graph but the price trend is down. This means the trader buys the set price low even though there is no massive selling. Buyers only buy at the lower bid. From the price of 40 thousand dollars it continues to decline towards the end of January 2021. It is estimated that buying at low prices will continue. There are still many large buyers who collect bitcoin.
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In the end 2017 and the early 2018, the price was at the peak then fell slowly in February to mid of 2018. Will 2021 follow this trend ?

The price chart still shows a green graph but the price trend is down. This means the trader buys the set price low even though there is no massive selling. Buyers only buy at the lower bid. From the price of 40 thousand dollars it continues to decline towards the end of January 2021. It is estimated that buying at low prices will continue. There are still many large buyers who collect bitcoin.

Judging from the re bounce of bitcoin prices that did not break the 40 thousand mark, it is possible that the trend that occurs will be similar in 2018. Bitcoin will be stable in the price range of 18 thousand to 25 thousand according to the author's estimate. Why doesn't it drop to 9 thousand? This is because many big players are storing bitcoin and will continue to add to their bitcoin collections. They will buy bitcoin at 18-20 thousands dollar.

Will bitcoin rebounce higher than 40 K

The answer is yes but not this year in my opinion. To reach the higher price, there should be more big players that buy more bitcoin in market so that the availability bitcoin in market will be rare. As supply and demand, the rise of demand will cause the price to increase.

END
Bitcoin is one of most wanted digital value assets. More people holding bitcoin as the digital gold. Bitcoin is liquid asset that can be cashed directly. It is different from properties or real estates and other physical asset. That is why more people buy bitcoin because the fast rise of the price and the fast liquidity.

Posted Using LeoFinance Beta

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