To close the week and start with new ideas the next, we decided to make a summary of the events of Bitcoin of the week. Explaining each one and their impact within the currency that has given life to our crypto world.
Contents
Bad signs
Starting the events of Bitcoin with one of the movements of whales that put in danger the stability within Bitcoin, but good for the altcoins. In our article “Whales crypto mobilize 1601 BTC and opt for altcoins in the last few hours“we as a group of whales that have Bitcoin decided to leave. In this sense, mobilized 1601 Bitcoins in a matter of hours, in parallel, we detected increases in various altcoins. As it is assumed, this movement causes uncertainty inside of the smaller fish. Considering they perceive a wave of Bitcoins that the floods suddenly. For this reason, if we look at the sentiment of the users, is currently one of extreme fear. When considering these events of Bitcoin, we performed a technical analysis about it through our part. In this we could observe that the currency has the potential to fall to $ 6500, being a contraction considerable. However, this situation can be explained by what happened during the year 2019. For this reason, when we carried out our article “Bitcoin has not become more stable in 2019, demonstrating that the coin has not been able to dilute their volatility. Although it should be noted that at least has not worsened, compared to the end of 2018 during the war of the hash. Finally, as we stated at the beginning, it seems that the signals from the market suggest that Bitcoin will not have a good end of the year. However, something good or bad, according as you see, the criptomercado, is that their volatility points to the two sides. If it so happens a new event for these last days, it may be that Bitcoin will achieve to make a comeback in a positive way and growing.
We’re going to be millionaires
To end the week, we expose one of our articles most commented recently. We refer to that study as many BTC are needed to be crypto millionaire. Highlighting that we expose the theory of Kyle Kemper, who has decided to investigate on the subject by mere interest. Are published in a variety of ways and new definitions proposed Kemper. Therefore, we invite you to review these calculations if they also generate curiosity. In this way we culminate this week of events of Bitcoin, inviting them to leave in the comments your opinion with regard to the currency, and the end of the year. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.