What happened?
1) Economic uncertainty due mostly to Coronavirus bans
2) War on Oil price between Saudi Arabia and Russia...pushed uncertainty on the stock market and the wave went all over..
3) BTC halving means that the mining process will be more and more centralised. Smaller miners started to sell and so did other investors out of uncertainty.
What will happen?
BTC price will probably retest lower levels up to 2019 lower lows.
Investors will move their money into cryptos if
1) Prices are low enough.
2) No better alternatives (i.e.: Oil).
3) BTC shows upwards constant movements.
Very hard to make predictions about when, but I think that we still have to go lower to be able to see some consistent movements, so let's wait next Monday and see if anything happened in between....
In the meantime enjoy life with a glass of good wine...
Best Regards
1) Economic uncertainty due mostly to Coronavirus bans
2) War on Oil price between Saudi Arabia and Russia...pushed uncertainty on the stock market and the wave went all over..
3) BTC halving means that the mining process will be more and more centralised. Smaller miners started to sell and so did other investors out of uncertainty.
What will happen?
BTC price will probably retest lower levels up to 2019 lower lows.
Investors will move their money into cryptos if
1) Prices are low enough.
2) No better alternatives (i.e.: Oil).
3) BTC shows upwards constant movements.
Very hard to make predictions about when, but I think that we still have to go lower to be able to see some consistent movements, so let's wait next Monday and see if anything happened in between....
In the meantime enjoy life with a glass of good wine...
Best Regards