16th February is important date for cryptocurrency market

On 16th February Chinese will celebrate new year.So there will be Holiday.This holiday becomes massive spending holiday for Chinese people.Many people plans for trips.They buy gifts and many other things.In 2016 $110 billion was spent by people on new year.Many big firms are saying that Chinese people will spend more than $150 million this year.Now you will be thinking that why is this important for cryptocurrency market.Asian region is very important for crypto market.If we check same day on charts in previous years then we can see changes in prices.




Traditionally January January becomes terrible for crypto traders but this is right time to purchase bitcoin.You can check prices Early 2015,Early 2016,Early 2017.In each case after making some market went low in middle of January and rebounded after few weeks.After that market went at new highs.So i am sure that in this year 2018 same will happen and market will go up soon.Stay connected my friends.follow me.

images source:cointelegraph.com/oakspark.co.uk