قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Yes, Bitcoin (BTC) whales in, $ 100.3 million purchase orders are just the beginning

Yes, Bitcoin (BTC) whales in, $ 100.3 million purchase orders are just the beginning



  • Bitcoin has risen by 26 percent
  • Growth through the 20,000 BTC's single purchase order

The crippling market is stormy, placing double-digit profits and is still ready for a single purchase order, thanks to 100 Million Dollars. blockade Due to the advantageous location of the candlestick, Bitcoin is likely to exceed, but may initially use the $ 4500-700 zone before continuing the trend.

Bitcoin Price Analysis

Basics

Good news – Bitcoin (BTC) – by 26% last week, dragging the periphery of altoins. So far, this is an impressive job, and despite all skepticism around the source of this "pump", technical as well as fundamental factors support the buyers of BTC.

Although it is likely that yesterday's and today's rallies could lead to excess. -continuation, which causes correction, is an opportunity for traders. There are more than two reasons why BTC and the crypto market may increase in a few days

In addition to the policy around Brexit, there is the development of infrastructure and education improvements, which gradually changes the story around Bitcoin and crypto as a whole. The main conclusion in all this is the introduction of so-called "whales".

According to Reuters, yesterday's surge was the result of " one order, which was algorithmically managed through these three places, about 20,000 BTC ", as noted by Oliver von Landsberg-Sadie, executive director of the crypt-value company BCB Group. Oliver continues to say that " If you look at the volumes on each of these three exchanges ̵

1; there were concerts, synchronized, units of about 7,000 BTK per hour. " t is a suggestion that there is an improvement in market confidence, and something" huge "is on the cards a few days after CBoE has erased its XBT extras.

Composition of candlesticks

 Bitcoin

better perspective, we will look at the weekly schedule. Already, BTC bulls are in control, 26 percent, as noted above. However, the pace is interesting. Obviously, prices are rising.

As a result, Bitcoin prices are the strongest over the 5-month resistance line line this year, in line with our previous BTC / USD trade plan. Therefore, in order to synchronize with this trend change, traders should fine-tune their recordings in less time frames – preferably not spot rates, as prices are rather volatile, but at levels from 61.8 to 38.2%, Fibonacci correction levels of high and low This week's level tends to a zone of $ 5,800- $ 6,000.

Technical Indicators

Bitcoin doubled in demand compared to last week. Since all our trading conditions are valid and are involved, traders should search for long records.

The graph is presented as a trade mark


Source link