When does Bitcoin start each day (When does Bitcoin start to rise)?

When does Bitcoin start each day? When does Bitcoin start each day?

In December 10, 2013, I heard about a new digital currency project called “Steem” from a friend and knew that he wanted to use it to buy something. Later, he connected my computer to another account. Then he bought some coins and various tokens (such as ETH, XRP, etc.) in that new wallet. Both of these coins were sold after two days?

So the question is why is the price of Bitcoin so high? When does Bitcoin start each day, and what is the price of Bitcoin?

First, we need to understand what is the initial price of Bitcoin? How did it come about?

The first reason is that people are unwilling to hold a large number of tokens; they don’t want to spend their money to make money. But when you want to own more crypto assets, you need to invest your funds in these cryptocurrencies, which is called liquidity. So if we have a little time to invest in cryptocurrencies, there will be many choices.”

The second reason is that many people find cryptocurrencies too difficult. Because they are not stable and are easily attacked, but this also means that many investors cannot understand what they are. For example, new tokens issued by governments like Bitcoin or tokens bought and sold through exchanges can easily cause speculative behavior, which may be detrimental to the entire market. Of course, this speculation tendency occurs due to certain reasons.

The third reason is that Bitcoin traders are more likely to participate than ordinary retail investors, so they can avoid black swan events or other unpredictable results. However, most people are not concerned about whether the price has risen too much, but are worried that the price will fall higher, resulting in losses. The final factor is the overvaluation of Bitcoin, that is, those who believe in the value of Bitcoin may think that its market value is high. In fact, in the past ten years, many large institutions have been trying to take advantage of this opportunity to make large investments. “Although it is still not certain how good the prospects are for the next five years, I still hope to see it become a long-term hedge tool,” a person named “Mr. Whale” told the Financial magazine. “However, in the past few months, Bitcoin has been at a historical low. However, for anyone interested, this is a very interesting opportunity.”

The fourth reason is that “Bitcoin is a highly volatile market.” According to Bloomberg, the current trading price of Bitcoin is $27,000. In the bull market of 2017, this data increased by 4 times, reaching nearly 20,000%. At that time, as more and more individual investors entered the market, and more and more traditional financial institutions adopted Bitcoin as their primary reserve asset, the price of Bitcoin also continued to rise.

The fifth reason is the launch of Ethereum 2.0. Ethereum founder Vitalik Buterin shared some content about the Ethereum blockchain on Twitter: “I am studying sharding technology and how to make it scalable and interoperable solution.

When does Bitcoin start to rise

According to the cryptocurrency market, Bitcoin started to rise continuously in the early morning today. From the daily chart, the price of Bitcoin formed a solid bullish candlestick shape with a long lower shadow yesterday, and it has risen nearly 20% for two consecutive days. From the 4-hour chart, there are two signs indicating the recent obvious upward trend of Bitcoin’s price. The first is that the opening price of Bitcoin is $9850, and the second is when Bitcoin started to rise above $10,000? Let’s take a look at the current performance of Bitcoin: The first stage was continuously trending upwards from October 16 to 17. The second stage was a sideways movement starting around May, but it still hasn’t broken through the previous high, but if it can return to above 10,000 points, it means that this range has been broken; the third stage appeared a rebound when Bitcoin fell to around $9,000, and then there will be a callback. Since February, Bitcoin has been operating within a narrow range, and recently it has presented a large bearish candle, so everyone should pay attention to controlling risks.