Why can there be a lot of corrections till bitcoin reaches $20000 again ?

Written by  on May 11, 2018 

I was thinking about the fluctuating prices for crypto these days and one reasons that came to my mind is that a lot of people have invested in the price range range of $10000- $20000. They might be waiting for prices to recover to the level at which they invested and then they sell. When people sell in bulk, price again goes down. So we should see a lot of these fluctuations till bitcoins again reaches to $20000.

Do you agree with this logic ?

Category : Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *