Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

Bitcoin is gaining strength for a new wave of growth?

By trade60 | trade60 | 2 Nov 2021


Bitcoin (BTCUSDT) made a pretty deep correction as it dropped below the 60,000 mark. As fears of markets entering a protracted recession and rising inflation force investors to seek alternative investments, I believe the corrections offer good opportunities to buy.

These are the four reasons to buy Bitcoin right now:
- Payment giant Mastercard will soon announce that its network will support cryptocurrencies. This includes Bitcoin wallets and credit and debit cards for cryptocurrency transactions.
- The interest of institutional investors in Bitcoin is supported by the growth in the number of wallets with over 10,000 coins. Over the past ten days, this figure has increased by 8.64%. Source
- Miners almost stopped selling their mined Bitcoins, causing a decrease in the flow of coins in exchanges. This phenomenon has the further effect of creating a Bitcoin deficit on the market. Source
- Technical Analysis: Prices have moved towards the resistance level of 63.580, which looks quite strong. Exceeding this level would be a good time to open long positions with a target near $ 67,000.

The cryptocurrency market has been a mixed bag last week. Bitcoin corrected after hitting an all-time high, causing a pullback for a whole range of cryptocurrencies. However, some altcoins have gone against the grain and have shown impressive growth.
- Markets continue to be optimistic as trading begins for the first Bitcoin ETF in the US. The total amount of capital inflows into crypto funds since the beginning of the year has been $ 8 billion. After the United States, the Australian Securities and Investments Commission has published the regulatory requirements for the launch of ETPs and ETFs related to cryptocurrencies.
- In a move that brings it closer to the digitization of payments, Amazon Web Services (AWS) is looking for a digital asset specialist who can process transactions and organize storage in the cloud.
- Rumors of the possibility of another financial crisis and a slide into a depression are wandering the markets. With rising inflation, these rumors are causing an increase in demand for cryptocurrencies.

Here are the weekly levels:


Please note that Pionex has developed a new trading bot with the Martingale technique. Source

Why register with Pionex? 13 free bots. Pionex was born to offer free automated trading tools, from as many as 13. Another very important thing is the liquidity to make the bots go, otherwise they are not performing. But Pionex is not lacking, in fact it is the first exchange that aggregates the liquidity of the Binance exchange and the Huobi Global exchange. As it has an agreement with Binance and Huobi (liquidity engine, point above), it has very low trading fees of 0.05%. is regulated both in Singapore and in the United States. Pionex holds the MSB (Money Services Business) license granted by the US FinCEN, the same license applied by Binance, Huobi and major exchanges. 

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

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Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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