After the flash crash on Sunday that wiped out $1,000 value of Bitcoin and liquidated more than 72,422 positions across major exchanges, Bitcoin has entered a consolidation phase and is hovering between $10,900-$11,500.
Despite the crash, bullish sentiments gain the upper hand in the market. According to Blockroot founder Josh Rager, BTC will face several bumps before breaking the strong resistance of $11,531, so the price crash could be a healthy one for BTC to go further.
Bitcoin has been associated with gold by many analysts and traders and its hedging nature has gained wider acknowledgment in recent years. Global tension and the weakening of dollars are believed to be some of the major reasons for the rallies of precious metal and Bitcoin.
Goldman Sachs recently predicted that bullish factors such as the stimulus payments could boost prices of precious metal and that gold will gain 20% to $2,300 before the end of 2020. Often referred to as a “digital gold”, Bitcoin has shown a strong negative correlation with the dollar since March. With the U.S. dollar slowly depreciates, Bitcoin would become more attractive to traders seeking to hedge against inflation.
Bexplus: Profits from Slightest Bitcoin Price Fluctuations
Futures trading offers good opportunities to earn profits on Bitcoin’s rising and falling prices, thus making it one of the most popular instruments besides spot trading.
In Bexplus, you can invest in BTC, ETH, XRP, LOS, and EOS perpetual contracts with up to 100x leverage. To illustrate, you can use 0.1 BTC to open a short (predict it is going to drop) or long (predict it is going to rise) contract worthy of 10 BTC.
If we open the contract when Bitcoin is trading at $12,000 and close it when it drops to $11,000, the profit would be ($12,000 – $11,000) * 100 BTC/$11,000 *100% = 9.09 BTC, making the ROI 909%.
- Easy Registration with No KYC
Traders can register an account with only email and this process only takes a minute. No KYC protocol is carried out throughout trading so you don’t need to worry about information leakage.
- 100% Bonus to Help You Maximize Profit
Doubled margin helps you double your profits! Deposit 1 BTC and you will get 2 BTC. Up to 10 BTC is available in each deposit and you can withdraw all the profits generated by the bonus. Furthermore, bigger margins means that your positions are less likely to get liquidated. Your positions will be better secured in the highly volatile market.
- 10 BTC for Demo Account
Bexplus is known to be a beginner-friendly exchange: every user will get a demo account with 10 BTC upon registration. Users can explore futures trading with the demo account and learn to analyze the market.
- BTC Wallet: up to 30% Annualized Interest Without Any Risks
Bexplus users can gain profits not only from trading. Join the Bexplus wallet, you can earn up to 30% annualized interest without taking risks. With up to 30% annualized interests, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
- Trade Freely on Android & iOS
The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.
We can expect that the road to a new high will be a bumpy one. But more fluctuations comes more opportunities. On Bexplus, you can earn profits no matter which way Bitcoin goes. If you hope to take advantage of these opportunities, don’t hesitate to join Bexplus now!
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