In the next few weeks there are a few major ups and downs that have to be anticipated when the Chinese traders move into the market to buy and sell BTC. The Chinese will move from buying it to selling it when it comes to the price and if the price falls further it would most likely go down further, but if it rises up it would stay at a high level for quite some time.
If we look at the technical trends, then we see that there are many indicators that are pointing up in the direction of a high level of the price of this currency, most of which have already been broken and it is only a matter of time before they are all turned back down. If we look at the technical charts then the one that shows the strongest support in this market and a strong resistance point in the opposite direction of the support line is the MACD, which shows the MACD trend line and a MACD trend line shows the MACD support line.
When we get to the higher levels, there is the possibility that the price will become too high and the central banks of the world will intervene and start printing more money to stop the inflation and also to help people to get their money out of the market and onto safer investments such as bonds. At that time the Chinese will sell and make their profits.
When we have a bull market like this in the United States or in any country for that matter then it means that the market is doing well, because everyone is making money at this point of time. The average person in the United States has made money on all their investments and they are not worried about any inflation or deflation and they will continue to do this even when the price goes down.
The biggest question mark is the fact that some of the big players in the markets are not holding their positions. Some people are scared of the price falling and there is a lot of fear, and that could be because the Chinese are already taking control.
Some of the big name investors will probably start to sell because they do not want to be left behind, so if you are looking for profit you should keep an eye on the prices and the technical indicators because if they are right then there is a good chance that it is going to move higher and there are a lot of opportunities. and if you are not watching then it may not go much higher either.