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What are the circumstances in which Bitcoin rises? (When does Bitcoin experience significant fluctuations in value?)

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What are the circumstances in which Bitcoin rises? Bitcoin rises under what circ

What are the circumstances in which Bitcoin rises? (When does Bitcoin experience significant fluctuations in value?)

What are the circumstances in which Bitcoin rises? Bitcoin rises under what circumstances. According to data from coinmarketcap, as of May 11th, the current spot price of BTC is $49,000, which has fallen by about 60% compared to the historical high point in early October last year (around $30,000); in the past month, Bitcoin has seen a rise of 30%; the current price is $45,300; from late December 2017 to early 2020, the price of Bitcoin soared by over 50%. After experiencing the bear market in 2018 and the impact of the COVID-19 pandemic in early 2019, the cryptocurrency market has ushered in a small bull market. (Login to the APP—Discovery, to view exclusive reviews of more currencies).

When does Bitcoin experience significant fluctuations in value?

Bitcoin’s recent trend has shown significant differences compared to other mainstream currencies, with a sharp rise at the end of last month. However, from a technical analysis perspective, the reasons for this market trend are not very clear. So, what factors have led to this recent rise in Bitcoin? Let’s mainly look at the following aspects: 1. The demand for digital currencies by market participants is very high. 2. With more and more institutional investors and high net worth individuals entering this industry, Bitcoin has also started to rise. 3. There is a significant impact on the price of Bitcoin, whether positive or negative. 4. Before the bull market arrives, Bitcoin will experience a pullback process and then rebound to the current price range.

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