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Manage your cash, and be informed. Let's grow wealthy together. Created by Sara Bauer and Richard Abermann. Technical analysis assumes the great majority of influential trades are by mostly honest and rational actors.
We have folks badly manipulating the exchanges with huge volumes. How about that! Your title does not really match your story. Was it click bate or just a mistake? As we enter into the last weeks of December, traders and market participants anticipate in desperation for a trend reversal. Trading in a tight range, the calls of doom and the end of Bitcoin can be heard on several Bitcoin forums around the web.
What does it say about market psychology? Well, usually, this sentiment usually echoes when market is about to complete a cycle — and in this case, the longest bear market in the history of Bitcoin. Just last week, Microsoft — the tech giant announced that it has started accepting Bitcoin for its digital goods. This was great news for Bitcoin as it further legitimizes the use case for mainstream market. Following the announcement, Bitcoin price surged 7.
Another positive news and yet no rally that everyone has been expecting.