Hello Friends,
crypto market is in bearish mode . main reason behind it the
manipulations of bitcoin prices and uncertainty about regulations
in different countries like china and india.
Meanwhile football world cup has been started and betters are active.
These days it is very safe to transact money in term of crypto currency
and bitcoin across the world boundaries.
hence i think due to demand of bitcoin by betters, leads to limit the
bearish mode of crypto market upto the mid of july.
FIFA world cup 2014 played from 12 June to 13 July.
bitcoin price on 16th of june was 560$ and it surge upto 634$ at the end of worldcup.
Hence according to me FIFA worldcup atleast limits the bearish market in upcoming days and bitcoin price not fall bellow the 5000$. After the july by clarification in bitcoin regulation worldwide specially in india BULL RUN is expected.
it is time to invest in crypto market by part.
please give your valuable comment.
THANKS