Crypto market has had a tough time since the start of April. Bitcoin (BTC) slid below $40K. In tandem with the market leaders, all the coins too have erased their recent gains and are trading in red.
However, BTC found support near the $38,550 zone and started a strong recovery wave, and is currently changing hands at $41,256, which is up 6.6% since the previous day. In fact, the following three facts demonstrate that Bitcoin will continue to rise.
The Largest Single-wallet Holder of Bitcoin
MicroStrategy CEO Michael Saylor has proclaimed to the shareholders of his company that our parallel strategy to acquire and hold Bitcoin has been a tremendous success.
Saylor’s publicly traded company is the largest single-wallet holder of Bitcoin (BTC) in the world with 129,218 BTC.
Because of his success in bitcoin purchases, he also decides to “vigorously pursue” its reserve assets strategy to buy and hold more Bitcoin, which is bound to set off a wave of bitcoin buying.
Lightning Network Contributed to the Prosperity of Bitcoin
Additionally, with the Lightning Network, a fast and efficient way to transfer digital assets around the world is gaining popularity globally. Its low-cost, high-speed transaction characteristics have seen Bitcoin witness a 410% increase in payment volume over the past year.
Launched in March 2018, the Lightning Network was launched with the aim of providing faster and cheaper Bitcoin transactions.
The global popularity of the Lightning Network is also bound to propel Bitcoin’s boom. In this regard, Bitcoin’s price rise is also inevitable.
Positive Sentiment from Cryptocurrency Analysts
A well-known cryptocurrency analyst TechDev published a chart of a macro bull market forecast: He looks for patterns in the long-term Bitcoin price trend. “Times change.
Assets change. Macro aggregate human behavior usually doesn’t,” TechDev summarized. As you can see from the graph, we have passed the lowest point of the current stage and prices are rebounding.
Faced with such a situation, are you prepared for the upcoming bull market? In fact, 3 strategies in which investors can take full advantage of the bull cycle and hopefully mint money.
1）by mapping out an investment schedule one can slowly start allocating in one’s favorite asset. By doing this it spreads out our risk in high-risk, speculative investments.
2）swing trading—The crux here is to capture a potential price move. Basically swing trading is the process of knowing where an asset’s price is likely to move next and entering that position.
3）take full advantage of 100x leverage. Bexplus provides 100x leverage which allows you to earn maximum profits with the smallest investment in a bull market.
How 100x Leverage Works?
Leverage is the amount by which you can multiply your position during trading. So, if a trader opens a trade with 100x leverage, he can multiply his exposure and potential profit by 100 times. In short, $1 can be considered as $100 to trade.
Let’s illustrate with an example, let say you open a long contract with 1 BTC when the price is $39,000, if the price rises to $42,000, your profit would be (42,000- 39000) * 1 BTC * 100x / 42,000 = 7.14 BTC, and your ROI will be 714%.
Know More about Bexplus
Bexplus delivers 100x leverage futures trading on a safe and professional platform as a popular crypto derivatives trading platform. It offers major crypto pairs including BTC, ETH, XRP, ADA and DOGE. It is accredited by U.S. FinCEN MSB (Money Services Business).
Bexplus doesn’t require KYC and more than one million traders from over 200 countries are trading on Bexplus. It is also known for the following features.
As the name suggests, it means if you top up 1 BTC, there will be 2 BTC on your account and you can trade with the 2 BTC to make a bigger profit.
The more you top up, the more bonus you get and the more positions you can trade with. Attention! Up to 10 BTC bonuses can be obtained. And the bonus can not be withdrawn.
Demo Account With 10 BTC
Once registered, users on Bexplus will be offered a real trading account and a demo account with 10 BTC. Users can use the demo account to get familiar with the trading process and practice trading skills. The simulation before a real ‘combat’ is essential. Bexplus provides you a platform.
With a copy trading provided by Bexplus, you can automatically copy other excellent traders’ trading. It can be a really valuable portfolio for those who are just starting out in trading, or those who don’t want to dedicate a huge amount of time to managing their trades.
The profitability of good traders is stable and guaranteed.
A Bexplus Bitcoin wallet with an annualized interest rate of up to 21%, specially designed for long-term hodlers and bullish Bitcoin investors.
If Bexplus does attract you more or less, why not give yourself a chance to make money amidst global recession and have a try! Click here to register and get a 100% bonus.
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