Coin trading is ups and downs, seemingly simple but contains doorways! It is reported that BTC will continue to maintain the level of $7,800-7,900 in June 5438 +20201October, waiting for further outbreak. The current trend shows that bitcoin has begun to enter the rising channel in the second half of 2020.

There are several reasons for the low price of 65438+ 10 month:

1. Many institutions and companies will settle accounts at the end of the year, mostly in the form of legal tender.

Christmas is a traditional festival in the west, which is equivalent to the Spring Festival in the east. At this time, users will throw coins in exchange for legal tender for consumption, and funds will flow out.

3. The Spring Festival is mostly in the solar calendar1-February, and China is a huge market for bitcoin, which has a great influence on the market. Before the Spring Festival, individuals and companies will sell some coins to prepare for the festival.

Now, it is already 2020, and Bitcoin has bottomed out twice. Whether the low price has appeared or not and whether it has reached the best buying is still unknown. However, judging from the recent performance of ETC and BCH, the halving market may have arrived. In addition, the escalating conflict between the United States and Iran and the instability of the international situation will also accelerate the arrival of the bitcoin bull market.