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[aryan4]

The Chinese New Year will be celebrated on Friday, February 12th. The cryptocurrency investment firm Stack Fund released a report today, assessing the possible effects of the New Year holiday in China on the price.
According to the company report, Asian miners can drain more of their funds in the coming weeks, ahead of the new year. The company states that as a natural consequence of this, more selling pressure may be seen in Bitcoin.
For this reason, do you think sales will increase?

 

[aryan4]

A different perspective and a different analysis. Let's see if the markets will really be affected by the stated kind because of this Chinese holiday holiday.

 

[Brain]

Maybe the report was right because this moment as I write btc has climb again to $34k I think this should be a result of more sales forcing the price to hike. It might just be it

 

[Niftyicon]

The Chinese New Year will be celebrated on Friday, February 12th. The cryptocurrency investment firm Stack Fund released a report today, assessing the possible effects of the New Year holiday in China on the price.
According to the company report, Asian miners can drain more of their funds in the coming weeks, ahead of the new year. The company states that as a natural consequence of this, more selling pressure may be seen in Bitcoin.
For this reason, do you think sales will increase?

The Chinese new year is almost here, so we would be able to determine how it is going to affect the price of Bitcoin but personally, I don't think there would be any negative effects.

 

[Brain]

I think the price skyrocketed today being 14th has seen btc price getting to a whooping $49k plus so there was a high sale to boost the btc price and value

 

[fastmoney1]

I think the price skyrocketed today being 14th has seen btc price getting to a whooping $49k plus so there was a high sale to boost the btc price and value

The forecasts regarding bitcoin are evaluated from different perspectives but the reality is that the cryptocurrency continues its rise in price and all factors influence that price.

 

[aryan4]

The forecasts regarding bitcoin are evaluated from different perspectives but the reality is that the cryptocurrency continues its rise in price and all factors influence that price.

It is true that there are many factors that affect prices. While the markets move in their own dynamics, many positive or negative developments that occur also affect the price movements. I hope nice effects will come out that will speed up the upward movement.

 

[fastmoney1]

It is true that there are many factors that affect prices. While the markets move in their own dynamics, many positive or negative developments that occur also affect the price movements. I hope nice effects will come out that will speed up the upward movement.

According to how the investment movements and financial operations of large companies are developing, all these factors are favoring the rise in bitcoin prices.

 

[Brain]

The forecasts regarding bitcoin are evaluated from different perspectives but the reality is that the cryptocurrency continues its rise in price and all factors influence that price.

Yeah I agree with you the price rise might be due to different reasons as we already know and one of it might just be about the report in this post. It's isn't impossible

 

[fastmoney1]

Yeah I agree with you the price rise might be due to different reasons as we already know and one of it might just be about the report in this post. It's isn't impossible

Of course, the news report published by the newspaper is influential, but I think the reports made by the advisers of these companies also influence.

 

[Brain]

Of course, the news report published by the newspaper is influential, but I think the reports made by the advisers of these companies also influence.

That's the whole idea of having advisers it helps influence the decision taken by these companies and in most cases it makes positive impact on them

 

[fastmoney1]

That's the whole idea of having advisers it helps influence the decision taken by these companies and in most cases it makes positive impact on them

We agree that the two parties influence the news and their advisers, but especially that of their commercial advisers who are the ones who give them the market trends and their behavior.