Sellers and buyers of Bitcoin are playing a tug-of-war. BTC is now fighting in the narrow range of $ 10.800- $ 11.200. Despite the fact that investors rely on that could break the $ 11.500 and reach the moon in 15K or even 20K, Bitcoin is a bit stuck.
Fluctuations in the price of BTC. Source: Bexplus
On Monday, the government of the united States formally announced a stimulus package of $ 1 trillion, which many consider a new round of pump liquidity. Historically, the dollar weaker and high level of liquidity are favorable factors for the hedging assets like gold and Bitcoin.
The former billionaire hedge fund become a crypto investor, Michael Novogratz, shared his opinion that a “pump liquidity” and a large influx of retail investors could lead to Bitcoin to $ 20,000 for the end of 2020.
However, Bitcoin still needs to cross the $ 11.500 to witness a bullfight. The $ 11.500 has long been a level of resistance crucial for Bitcoin from 2018. In the past two years, BTC has tested the level twice and was rejected, and what followed failed attempts were heavy falls. We can expect more price changes in the short-term as Bitcoin gains strength and continues to test the resistance.
You can maximise your profits with the ups and downs of Bitcoin
With so much volatility in the market, now is the best time to obtain real benefits. In futures trading, traders can maximize profits by using the fluctuations of the market, shorting or longing for Bitcoin. By using leverage, even a small sum of money can open a great position.
For example, in Bexplus Exchange, traders can borrow up to a leverage of 100x. The minimum volume of trading for BTC / USD in Bexplus is 0.1 BTC, which means that you only need to invest 0.001 BTC as margin. If it generates a profit of 10%, you will get 0.01 BTC, making your ROI is 1000% with just an investment of 0.001 BTC.
Bexplus is a leading platform crypto derivatives that offers a leverage of 100x in futures contracts BTC, ETH, EOS, LTC and XRP. With headquarters in Hong Kong, Bexplus has the confidence of more than 100K merchants worldwide, including the united States, Japan, South Korea and Iran. No KYC, no deposit fee, merchants can receive the services more attentive, including the 24/7 customer care.
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Demo account with 10 BTC
To help operators become better acquainted with the trade, leveraged, Bexplus has launched the simulator trade. There are 10 BTC rechargeable in the demo account so that operators can practice all you want, without running any risk. You can also learn how to analyze the market and to use the toolkit with the demo account.
User interface within the platform.
Removal and 24/7 customer care
You can submit a withdrawal request whenever you want. You can recover your deposits in as little as 30 minutes during working hours. If you find any issue using Bexplus, you can contact the customer service through different channels, such as e-mail and live chat.
BTC wallet: up to 30% interest annualized without any risk
If you want to take a short break from the negotiation, the wallet Bexplus BTC can help you to produce juicy winnings without running any risk. With up to a 30% interest annualized, is without a doubt one of the rates more cost-effective in the industry. While most of the lending platforms require traders to deposit at least 1 BTC, traders can make a deposit from 0.05 BTC in Bexplus.
Calculations with the interest rate of BTC in Bexplus.
Mobile applications from first level to help you operate the smart way
The mobile application Bexplus first level has one of the interfaces more intuitive that might help you to better manage your account. Even when you take the subway or wait for your food, you can review the market, open positions, or to make a deposit into the wallet that generates interest, with only a few touches on the screen.
Interface of the application.
100% bonus to help you maximize profits with Bitcoin
Bexplus has launched a deposit bonus of 100% as a gift of thanks for each user. There are available up to 10 BTC and you can withdraw any winnings generated by the bonus. In addition, the active users can get a 10% discount on the transaction fees. Don’t hesitate to get in contact with the support Bexplus for more information!
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Notice of risk: CriptoTendencia recommended to perform a thorough investigation before making any type of investment in cryptocurrencies.