In a surprising move, the whales are not buying BTC/USD at supposedly such a low price.
A closer investigation to the market shows that there are several other cryptocurrencies that are performing much better than BTC/USD
ZCO/BTC has gained more than 40% and TRAY/ETH has also gained more than 40%.
We can reasonably guess that the whales are not putting money in BTC/USD currently.
As mentioned in my previous post, I do not expect BTC/USD to hit its previous high mainly because of the many other cryptocurrencies that are currently in the market as compared to last year. And also because of the bleak economic outlook globally.
I would suggest people to read up other trading post and try to diversify their portfolio now to earn more money.
*This post is meant to be informative. I am just giving back to the cryptocurrencies community like what other people does. I do not have a crystal ball to look into the future. It is just information that I am sharing, and not meant to be professional advice to ask you to buy or sell.
A closer investigation to the market shows that there are several other cryptocurrencies that are performing much better than BTC/USD
ZCO/BTC has gained more than 40% and TRAY/ETH has also gained more than 40%.
We can reasonably guess that the whales are not putting money in BTC/USD currently.
As mentioned in my previous post, I do not expect BTC/USD to hit its previous high mainly because of the many other cryptocurrencies that are currently in the market as compared to last year. And also because of the bleak economic outlook globally.
I would suggest people to read up other trading post and try to diversify their portfolio now to earn more money.
*This post is meant to be informative. I am just giving back to the cryptocurrencies community like what other people does. I do not have a crystal ball to look into the future. It is just information that I am sharing, and not meant to be professional advice to ask you to buy or sell.