You are viewing a single comment's thread from:
RE: Bitcoin BTC update Wed 21 Feb 2018
Good status analysis of BTC as always. We need some good news if we want BTC to go back to its normal levels. I think in these news what we have now, this is it. I am prepared for BTC to stay at these levels without news.
News wouldn't hurt but, actually, if BTC behaves like other markets, the market moves and then the news follows. When a market moves, the reporters of news search for something to justify, in their minds, the price action. There's always something to "explain" a movement, whether the move is up or down.
I think that the increasing acceptance of BTC and the increasing turmoil throughout the world will work to raise the value of BTC regardless of whatever "news" might pop up.
Thanks for following.