Bitcoin is up around 15% so far this year after the news about the assassination of Iranian general Qasem Soleimani by U. S. armed forces. The price started growing on January, 3rd shortly after the news from Iran came out, and peaked on Wednesday the 8th, after reports of Iran’s missile attack on US-led forces.
However, Bitcoin met resistance at the level of $8,400, and dropped to just under $8,000 per 1 Bitcoin after Donald Trump addressed the situation in the White House. After that the world’s main cryptocurrency traded flat at around $8,000 for several days, but on January, 14th Bitcoin gained 5% over the day and at the press time changing hands at around $8,500.
Bitcoin: A Safe Haven Asset and a Good Opportunity to Gain Profits
Bitcoin price, which is down almost half from its 2019 record high, surged around $600 in minutes to almost $8,500 on major crypto exchanges. Bitcoin’s price movements were similar to those of gold, crude oil and Japanese Yen.
According to Mati Greenspan, the founder of crypto and financial analysis outfit Quantum Economics, the gold and Bitcoin price movements resembled each other throughout the last year: “The resemblance between digital gold and the physical stuff is uncanny”.
With only 1 BTC as the margin, you can use 100 BTC at a 100x leveraged position to earn 44.13 BTC if the BTC/USDT goes up to $14,000 from $7800.
2020 is also a year in which we’re going to see the halving: very soon, mining rewards are to cut in half. According to market analyst Rekt Capital, the halving’s year will see Bitcoin enter a new market cycle, in which won’t surpass its previous all-time high but will make a new high relative to the previous year. If history repeats itself, Bitcoin will be trading somewhere between $13,900-20,000.
Bexplus: 4-Digit Profits From Crypto Price Movements
Bexplus is a recommended 100x leveraged exchange platform established in 2017. The exchange offers perpetual futures contracts on various cryptoassets: Bitcoin, Ethereum, Litecoin, XRP and EOS.
Among Bexplus’ features, there are: no funding fees (amount of margin held by the system for paying the next funding), and no spread (the difference between buying and selling price).
Bexplus’ core feature is 100x leverage – a powerful instrument to improve investors’ profitability: due to 100x leverage only $100 are needed to open a $10,000 position. Investors are able to gain profits even from the slightest price movements.
If you’re a beginner, there’s a trading simulator on the platform with 10 free BTC to start learning profitable crypto trading.
Bexplus Trading Tactics
Bexplus is a leveraged exchange, which means that traders can make the most profitable trades during sudden volatile price moves. The best way to trade on Bexplus is to carefully analyze the market trends and keep watching the charts.
As an example, let’s analyze what traders could earn during the January 8th Bitcoin price spike:
Let’s say that you opened a buying (price up) position with 100x leverage at $7,800 and closed it when price reached the $8,400 mark.
With 100x leverage your profitability would reach 689% and traders would make 6.89 BTC worth of profit for every 1 Bitcoin they invested.
100% Deposit Bonus on Bexplus: Double Your Investment Power
Bexplus always offers various promotions and gifts to its users: we’re now granting each user a 100% deposit bonus. For example, if you deposit 1 BTC, you’ll get 2 BTC in total which can significantly improve your possibilities when trading. All gains earned with the deposit bonus can be withdrawn.
Bexplus is a global crypto derivatives trading platform established in 2017. The company is registered in Saint Vincent and the Grenadines. Bexplus has offices in Singapore, Japan, the U.S. and Brazil and is constantly expanding worldwide.
Join Bexplus at:
Mobile Trading (Android): https://play.google.com/store/apps/details?id=com.lingxi.bexplus
Mobile Trading (iOS): https://apps.apple.com/us/app/bexplus-profit-from-cryptos/id1442189260
Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.