What a week, what a start the May 2021, as Bitcoin (BTC) headed towards the $59,000 resistance mark - then smack, BTC started to drop by more than 10%, and flopping harder than a male medical condition to a low of $53,000... I know it was painful...
But seemingly a little pattern is emerging as by Thursday (as with a good few weeks now), BTC flip-flopped around the 50's more than Michael J. Fox, showing signs of a move back up, on the back of some interesting financial adoption news.
On 5th May 2021 interest by leading fintech company FIS was announced via a remarkable partnership with the Bitcoin-focused financial services provider NYDIG who are in the process of introducing a technological solution that would enable banks to buy, sell, and hodl Bitcoin for their business associates and client base.
An announcement via MercadoLibre which is the largest e-commerce platform in Latin America recently added approximately $7.8-million of Bitcoin to its... Well... Bank Account. This will have helped BTC to pump back to the $58,000 level for the third or fourth time in 14 days... The fluctuating has been erratic to say the least.
Today 11th May 2021 BTC is trading at around the $56,500 Mark with the hope of a bounce back to $58,000 which could provide the platform for more positive trading with confidence to maybe push back beyond $60,000 and back towards the all time high.
As a rule I tend not to be tempted into weekend trading - it's just a rule I have lived by - however over the last few weeks I have been finding myself dipping into a few BTC trades during the weekend. This weekend I feel this will be the case also.
**Useful invite links **
Join StormGain - (Sign Up Bonus) - Wallet - Free Cloud Mine - Fun way to trade and invest with many perks and tools to start your trading journey - Webapp and Mobile App - One of the most trusted Exchanges on the planet. In App Video Tutorials and statistics... Wallets. BTC, LTC, Tether, DASH and more.
Quick Satoshi?
Join Speed Satoshi via my invite link below. Use just the one login for all faucets...
Express Crypto - New Interface, Multi crypto faucet, tasks, games, chat, support - huge community - massive crypto and faucet inventory and micro wallet. One of, if not the best and longest running crypto earner - In house exchange and quick withdrawals - Build your own faucets and link - Click here to join.
Also two great long running faucets can be found at links below...
Faucet Crypto - Alert! The Developers and Admin here are aiming to earn you a good amount of Cryptocurrency constantly - certainly the highest paying, with many earning opportunities - This is a Multi Cryptocurrency Faucet - Tasks and Daily Bonus structure, new boosts and earning opportunities - full community chat, feel free to brainstorm ideas with admin and support. Low withdrawal threshold - Click here to join.
Free Bitcoin - #1 and Old Faithful, I love this place. .. One of the oldest running free Bitcoin faucets. Plenty on offer, from generous bonuses, fair games, betting, daily spins on the Wheel of Fortune saving nt to email - FUN Token VIP Bonuses and much more - Click here to join
Bee Coin Early Entry Mining App
Like Pi Network - Get in early and start mining BEE before it trades on exchanges. 10-million already joined - use xtrm as your code to download and use the app.
Join BEE here - BEE Cloud Mining App.
