Bitcoin has lost over half its value in less than 6 months. Shortly before Christmas, it was trading at over $19,000; today, it is just $8,299. Unsurprisingly, Bitcoin investors have been predicting meteoritic rises will recommence any day now. But Bitcoin has so far refused to cooperate, staying stubbornly stuck below $10,000 for the last two months. How can we know when - or if - it will rise again?
Read More Here: https://www.forbes.com/sites/francescoppola/2018/05/17/what-determines-the-price-of-bitcoin/#6f392e2b5392
Bitcoins price is simple proce following volume. With alot of holders news and a small float its like a penny stock.
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Got to admit you have a point there! One must follow the volume regardless.
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