Bitcoin sellers and buyers are playing a tug-of-war. BTC is now struggling in the narrow $ 10,800- $ 11,200 range. Despite investors being confident it could break $ 11,500 and hit the moon at 15K or even 20K, Bitcoin is a bit stuck.
On Monday, the United States government formally announced a $ 1 billion stimulus package, which many consider a new round of liquidity pump. Historically, weaker dollars and a high level of liquidity are favorable factors for hedging assets such as gold and Bitcoin.
The former hedge fund billionaire turned crypto investor, Michael Novogratz, shared his opinion that a “liquidity pumpAnd a large influx of retail investors could push Bitcoin to $ 20,000 by the end of 2020.
However, Bitcoin still needs to cross $ 11,500 to witness a bullfight. The $ 11,500 has long been a crucial resistance level for Bitcoin since 2018. In the past two years, BTC tested the level twice and was rejected, and what followed the failed attempts were sharp declines. We could expect more price changes in the near term as Bitcoin gains strength and continues to test resistance.
You can maximize your profits with the ups and downs of Bitcoin
With so much market volatility, now is the best time to make real profits. In futures trading, traders can maximize profits using market fluctuations by shortening or yearning for Bitcoin. By using leverage, even a small sum of money can open a large position.
For example, on the Bexplus Exchange, traders can borrow 100x leverage. The minimum trading volume for BTC / USD on Bexplus is 0.1 BTC, which means you only need to invest 0.001 BTC as margin. If you generate a 10% profit, you will get 0.01 BTC, making your ROI 1000% with just a 0.001 BTC investment.
Bexplus is a leading crypto derivatives platform offering 100x leverage on BTC, ETH, EOS, LTC and XRP futures contracts. Based in Hong Kong, Bexplus is trusted by more than 100K merchants worldwide, including the United States, Japan, South Korea, and Iran. Without KYC, no deposit fee, merchants can receive the most caring services, including 24/7 customer support.
Demo account with 10 BTC
To help traders better familiarize themselves with leveraged trading, Bexplus has released the trade simulator. There are 10 rechargeable BTCs in the demo account for operators to practice as much as they want, without taking any risk. You can also learn to analyze the market and use the toolkit with the demo account.
Withdrawal and 24/7 customer support
You can submit a withdrawal request whenever you want. You can get your deposits back in as little as 30 minutes during business hours. If you encounter any problems using Bexplus, you can contact customer service through different channels such as email and live chat.
BTC wallet: up to 30% annualized interest without any risk
If you want to take a short break from trading, the Bexplus BTC wallet can help you generate juicy profits without taking any risk. With up to 30% annualized interest, it is without a doubt one of the most profitable rates in the industry. While most lending platforms require merchants to deposit at least 1 BTC, merchants can make a deposit starting at 0.05 BTC on Bexplus.
World-class mobile apps to help you operate smart
The premier Bexplus mobile app has one of the most intuitive interfaces that could help you better manage your account. Even when you take the subway or wait for your food to arrive, you can check the market, open positions, or make an interest-bearing wallet deposit with just a few taps on the screen.
100% bonus to help you maximize profits with Bitcoin
Bexplus has released a 100% deposit bonus as a thank you gift for each user. Up to 10 BTC are available and you can withdraw all the earnings generated by the bonus. Additionally, active users can get a 10% discount on transaction fees. Feel free to contact Bexplus support for more information!
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Risk Warning: CryptoTendency recommends conducting a thorough investigation before making any type of investment in cryptocurrencies.