Bitcoin price 140223

Price discovery is a process in free markets by which the price of an asset is determined by the interaction of supply and demand. In this process, market participants - including buyers and sellers - trade an asset, competing with each other to determine the asset's fair market value.

During the price discovery phase, buyers and sellers provide information about their willingness to buy or sell an asset. This information is incorporated into the market through the trading activity of buyers and sellers, which results in the formation of the asset's market price.

If there is an excess of demand for the asset, buyers will bid up the price, causing it to increase. Alternatively, if there is an excess of supply, sellers will try to lower the price to attract buyers, causing the price to decrease. The price will continue to move up or down until buyers and sellers reach a price that both parties are willing to transact at, and the market clears.

Price discovery is an important part of free markets, as it helps ensure that prices are efficient and reflect the true underlying value of the asset. This can lead to better allocation of resources and more efficient markets, as prices help determine what goods and services are in demand, and which should be produced.

I suspect the rest of 2023 will be more downward momentum, as we get closer to the next halving though the floor will be set. Hopefully there will be another years or two of accumulation before new all time highs are set, maybe after 2025.

Altcoin season is still in effect, with coins like ADA, MATIC, Solana (I thought that collapsed lol), Uniswap and LiteCoin rising. Aptos is still growing, that's the new 'Diem' coin for the Facebook Metaverse and their network. Crypto is coming to the masses but they don't want you to buy BTC, they want you to use something they can 'pull' money out of.

All these millions of dollars that could be going into Bitcoin...

Will you use a Facebook coin or a Central Bank coin over Bitcoin?

Will you buy Bitcoin at $22,220 or are you waiting for lower lows?

What is your buy price? & what is your sell price?

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