Unfortunately, I support traders (especially beginners) who believe that digital currency prices generally rise at the end of the month because traders have liquidity, and this is wrong for several reasons.
1) Like any commodity, digital currencies have supply and demand. When demand for a particular currency increases and its price rises, you will certainly face a quantity of sales from shareholders to reap profits, and this is normal.
2) Prices depend on the news of the companies that own the currency (which means that after any important news, the price can change at any time).
3) Do not forget that rumors always play an important role in the digital currency market (and even the stock market), so make sure that the price changes do not have a specific time.
#BinanceMenaSquare
1) Like any commodity, digital currencies have supply and demand. When demand for a particular currency increases and its price rises, you will certainly face a quantity of sales from shareholders to reap profits, and this is normal.
2) Prices depend on the news of the companies that own the currency (which means that after any important news, the price can change at any time).
3) Do not forget that rumors always play an important role in the digital currency market (and even the stock market), so make sure that the price changes do not have a specific time.
#BinanceMenaSquare