In March 2020, the price of Bitcoin was $4,000.

In November 2020, the price of Bitcoin reached $19,400.

Which means a great return, especially for those who bought in March 2020 and sold in November 2020.

But it’s easier said than done.

Where between the low and high price there is a large amount of feelings and emotions that go into the same trader or investor and make it difficult to reach the bottom and sell the top.

In this article, we will try to answer the title of the article:

Why is it so hard to know when is the right time to buy or sell bitcoin?

Currently, there are many expectations that the Bitcoin will reach the value of $50,000 and even $100,000, and it remains only expectations until proven.

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In light of these expectations, which seem to some to be exaggerated, there are traders and investors, including those who keep their currencies and wait for the maximum possible price to sell, and many of them are waiting to break the previous top of 20000 dollars, and there are those who trade based on the current volatility between going down and up.

At the moment, an increase in the activity of Bitcoin that has been held for more than 52 weeks has been recorded according to data data from whalemap.io:

According to the data, Bitcoin was bought in large numbers at the level of $ 12,000 and is still not spent until now.

The best time to sell depends on how you calculate its timing, and here are some facts to consider before building an estimate of the price you want to sell bitcoin at:

• The price that many people put in their minds is usually deduced from charts and technical analyzes of analysts, and they wait for it with the decision to sell, but the price generated by the graphic analysis, does not mean that it will be reached in the next day or next week, as the trends or patterns that It is determined based on data and subject to real-time conditions such as display, volatility, and a moving average…
• And it is not only the rise that awaits the bitcoin or other cryptocurrencies, but there is also a correction and a decline, which is what analyst “Willie Wu” expects, who expects a short correction in the price of bitcoin before the rise continues. Traders wait before investing more capital as a pullback in the price of Bitcoin is expected.
• Bitcoin charts and other indicators suggest that the number one cryptocurrency will face a correction assuming that the previous price was fair and the current price has a premium on it.
• Bitcoin and as an asset that has been around for a decade, there is no real fair value on which to base the calculations, as patterns keep appearing and new highs are reached every few cycles.

The presence of the bears and their escort to the bitcoin price is also necessary and is confirmed by the analyst “King Kobe”, who stated on Twitter:

Read:“Tetragon” company criticizes Ripple and demands the return of its money invested in Ripple for these reasons!

I’ve learned to love bears.

Read:Binance announces Bitcoin rewards for its new customers from El Salvador…Details here

They sell us their bitcoins, I love bears from March, April, May and June as much as I love bears in November.

Bears present opportunities for multi-generational wealth.

We must pay the bears for their services to humanity, I hope you love the bears and accept them as they are.

In conclusion, it is difficult to know the best time to sell.

Because it is possible to know the past of the price of bitcoin and the price of the currency at the present time.

As for what the price will be like in the future, it remains a metaphysical matter that is inferred by some technical analyzes that are right or wrong.

Accordingly, no one knows what is the best selling price, but it is possible to sell in a calculated way, far from panic, through which to achieve profit and avoid loss.

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