G'day Guys
Today we start with BTCUSD (BITCOIN). Recently, these pair drop 19% from a recent high which showing how volatile the crypto market int worldwide.
Personally, I believe this drop is due to profit-taking and assets movement between the exchanger and the current market session. Fyi, El Salvador first in the world to legalise BITCOIN as part of their purchasing. We heard a rumour that the next country accepting BITCOIN as part of their daily purchasing is Ukraine and Zimbabwe.
This showing that the movement of crypto currency has become a part of traditional paper money soon gonna is replaced for worldwide transactations. As everyone knows total cap for Bitcoin is only a 21million which is only left 2 Million bitcoin still not being mine and circulating within the digital blockchain. This clearly shows the price of bitcoin has a high potential, BITCOIN price increase as far as 100k / Bitcoin.
From recent fall, the momentum of this pair to fall further has weakening which is mean investor started to staking up again to increase the demand. Once demand increased, we gonna see this pair heading for a 63k price tag.
Let's see what gonna happens next.
Today we start with BTCUSD (BITCOIN). Recently, these pair drop 19% from a recent high which showing how volatile the crypto market int worldwide.
Personally, I believe this drop is due to profit-taking and assets movement between the exchanger and the current market session. Fyi, El Salvador first in the world to legalise BITCOIN as part of their purchasing. We heard a rumour that the next country accepting BITCOIN as part of their daily purchasing is Ukraine and Zimbabwe.
This showing that the movement of crypto currency has become a part of traditional paper money soon gonna is replaced for worldwide transactations. As everyone knows total cap for Bitcoin is only a 21million which is only left 2 Million bitcoin still not being mine and circulating within the digital blockchain. This clearly shows the price of bitcoin has a high potential, BITCOIN price increase as far as 100k / Bitcoin.
From recent fall, the momentum of this pair to fall further has weakening which is mean investor started to staking up again to increase the demand. Once demand increased, we gonna see this pair heading for a 63k price tag.
Let's see what gonna happens next.