Bitcoin may be expected to rise this week. – Jon N
Bitcoin seems ready to go up again after a long period of going up and down and settling in the low to mid 10,000
I cannot say for certain how high it will go or whether it will drop again.
As that is dependent on the whales and exchanges.
3 Reasons why I believe this can happen!
- Very low Whale Activity
Analyzing a weeks worth of data, shows Whale Transaction for bitcoin has been the lowest its been for the past 2 weeks.
2. Bitmex one of the major exchanges that trades crypto, saw the US government probe the company for illegal trades.
This saw a huge number of traders pulling out of bitmex.
The reason being is that Bitmex is banned in the US and many customers were trading using VPN.
But many US citizens still use bitmex to trade because its on of the only exchanges to allow a leverage of 100x
And more recently wer’e seeing more money coming in.
Which is a good sign as more money coming in should increase the price.
3. The Hashrate, meaning the amount of calculations being done on bitcoin is increasing. This is a great sign as it means more people are continuing to use bitcoin at a steady increase in the up direction.
All in all, we seemed to have the bottom, so if you have funds laying around, it may not be a bad time to do a 100x leverage on bitcoin.
Be sure to use cryptoflow.vip to monitor the whales to ensure you keep in touch.
Published at Sun, 28 Jul 2019 18:21:46 +0000
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