As you all know, last year bitcoin debuted on the world's largest futures exchanges (CBOE and CME), but this was a win for bitcoin bears over the bulls – because during Christmas period, the price of bitcoin dropped by ~30 percent. Later we had a lot of bad news, so the FUD spread and the price has become even lower.
But now, some time has passed and the first round of the future contracts ended on January 17. According to data from CNBC, the F8 contract settled at a price of $11,055, a notable development considering that, at one point today, the price of bitcoin slid to as low as $9,199.59, according to CoinDesk's Bitcoin Price Index. But the most important thing – after contracts ended, the bitcoin price reversed the trend:
The same thing happened with the crypto market cap:
So, today, a few hours ago, CME future contracts ended. Will we see the same jump? And this will be the last time we see bitcoin at 10-11 000 USD price range? Or the price will go down, to 8 000 USD range?
What do you think guys? What's your purchase strategy?
Also, if you are new to the crypto world, and wondering where to buy bitcoin, here are some useful links:
– If you are located in the USA, go to Coinbase to buy bitcoin;
– If you are located in Europe, go to Luno to buy bitcoin;
– If you want to exchange bitcoin to altcoins, register at Binance exchange.
This theory is def plausible but due to the low volume of the futures i have become skeptical. But we shall see. Institutions can make MUCH more going long than shorting it to nothing....600 views and 10 upvotes..what crap is that lol
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Because majority of votes in this website comes from bots. If you don't upvote yourself by buying votes, you don't earn a shit... Sad but true
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I think we jump to 15k before falling back down to 8-9k. I'm okay if it's up from here as I have bought the dip, but wouldn't mind a lower low to pour the rest of my reserve money into. I'm happy to see so much support around 10k. I think it'll be hard to break and If it does, I doubt it lasts long.
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Hello! I really enjoyed your post and thank you for sharing. I don't think this bloodshed is over yet, though. If you have time, please take a look at my new Steemit post. I hope you like it too!
https://steemit.com/cryptocurrency/@shaunven/a-cryptocurrency-guide-simplified-crypto-outpost
Just know that I always follow back!
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@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!
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