It was not a nice week for the Bitcoin price and the entire crypto-market. On the contrary, even: the number 1 of crypto-currencies had to in part, about 15% loss Rate within 24 hours of plugging it in, over days, and even much more. And as always, all of the experts disagree. It’s going down or up? The current carnage is just a snapshot in time or before the next crypto-Winter? During the beating a the hands in front of the head, the other on the losses and see an opportunity to Buy more.But where the journey for the Bitcoin exchange rate will go in the next few days? A recent study this can be clearly answered.
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Bitcoin rate study predicts the next loss
A recent study of the “Arcane Research” has investigated the influence of Bitcoin Futures options on the Bitcoin price. The study comes to the conclusion that there is a clear connection between the monthly expiry of the CME (Chicago Mercatile Exchange) Futures and movements in the price of Bitcoin.More specifically, the expiry of the Futures has a negative effect on the Bitcoin price. According to the calculations of the study by an average of 2.27% which falls directly before the expiry of the Bitcoin financial products.In the period from January 2018 to August 2019 was, say, 20 months studied. In 15 of these 20 months the price of Bitcoin fell by an average of 2.27% prior to the expiration date. With other words: in 75% of cases, the calculations have to meet. In contrast, Bitcoin was recorded only in 5 out of 20, i.e. 25% of the months profit.You don’t want to buy Bitcoin, you know, but where? To decide the right provider is not always easy. Therefore, we recommend that you take the time to look at our Bitcoin Broker & exchanges comparison. Often several providers are already required to really get all the Cryptos to cover. See for yourself: Bitcoin Broker & stock exchange compared with that now read.
Bitcoin exchange rate today, before the next Black Friday?
Also, if the rate were the losses of the last few days to be strong, to be alone with the results of the study in context, fit them into the picture.A bit of a concern for all Crypto Fans, however, is that today, Friday, is a 37,000 Bitcoin Futures expire. According to the results of the study, this is not a good Omen for the Bitcoin exchange rate as of today and for the weekend.
Bitcoin exchange rate Manipulation by the CME Futures?
The analysts of Arcane are of the opinion that the results are clearly, to talk of pure coincidence:
Statistically, it is highly unlikely that the course caused losses before the expiry of the CME Futures by pure chance. The Figures thus support a hypothesis that the Bitcoin price is manipulated prior to the execution of the Futures. The Numbers, however, tell nothing about deliberate manipulation or, for example, are only the result of the hedging strategy of investors.
The person responsible for the study to continue with the words that CME Futures are settled in cash, instead of a physical settlement, in actual Bitcoin. This is a strong Argument for manipulation.
The Futures are optimal for Manipulation. You are settled in dollars and not in Bitcoin. The price for settlement will be determined by the Bitcoin price in the underlying market. It is never the actual Bitcoin, the change of the owner, but it is only a market, which is traded in dollars.
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Recovery after the Crash?
It is not only the study of the Arcane, has noted this phenomenon. The Analyst and Angel Investor Welson has also observed that Bitcoin falls before the expiry of the CME Futures in most of the cases, and then recovered. According to him, the price would have to recover after today’s expiry of the 37,000 Futures again. The question is, according to him, only when.
Since March 2019, #Bitcoin CME Futures have expired at the end of the months.Every time, prior to expiratory BTC has dipped. While after the futures expired, BTC had a reversal!CME Futures are expiring tomorrow, which means a change in direction could be soon! #October pic.twitter.com/IYzWt8EH6q— Crypto Welson ? (@CryptoWelson) September 26, 2019
Bitcoin price is currently in a critical Zone
Suitable to the exchange rate losses, the so-called Fear & Greed Index has reached a new Low. Currently, the Index shows, the tried to the mood of the market with the help of the display data 12, what is “extreme fear” corresponds to.The Bitcoin exchange rate moves currently just over $ 8,000 USD, and many experts agree that it could go further down if the price stabilizes soon.Of course, no one knows exactly where the Bitcoin exchange rate will develop. Bitcoin is a volatile Investment, and its unpredictable character remains true. Hope is likely to make all Bitcoin Fans, however, is that it is not in the past, often from one day to the morning losses. The fast-paced rallies as from April to June this year were for the most as surprising.
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