Quote:
Originally Posted by NobodyHere
So what has caused bitcoin to slide 7.5% in the last 24 hours?
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QUOTE=Hammer;3374515]Couple of significant events recently. Mt Gox Bitcoin is appears likely to hit the market in a few weeks. This would put downward pressure on price in the short term.[/quote]
This would be playing a part. I will be looking to deploy the cash from btc I sold around the $24k mark around $19-20k. I doubt we have the momentum to hit new lows any time soon. But I do expect to see a further move down from where we are now due to people receiving btc after waiting 8 years.
The recent Blackrock news is the biggest news of the year so far though. It will likely take a good few months for it to kick in, but combined with the early 2024 halving I would expect price to get moving mid to late 2023. Until then dont expect much to happen, in Bitcoin terms. I count 25% moves either way as not a lot happening.