BTC dollar market in Japan
The impact of the okex incident on the currency market is fading; With the US election becoming increasingly white hot, the difficulty and hash rate of bitcoin are higher than before
in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%
so the question is: where will bitcoin go in the next week
here are five factors that may affect the BTC price trend in the coming week
No.1 US macro level: election and stimulus plan this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)
analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger
however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits
However, e to the inverse correlation between BTC / USD and the dollar currency index (DXY), the strength of the US dollar, in the view of some bitcoin traders, will still affect the price trend of bitcoin. Although this correlation has become less and less obvious in recent weeks, the sudden weakness of the US dollar is still likely to be a boon for bitcoin
six month chart of US dollar currency index. Source: tradingview
at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day
If this happens, trillions of dollars of liquidity will increase the growing debt pile of the United States, and Americans will see additional benefits, such as an additional $1200 economic stimulus planNo.2 Europe suggests more intervention
with the outbreak again, the European Central Bank (ECB) is considering further measures
European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary
the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets
"We haven't run out of options in our toolbox yet," says Lagardebrexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse
No.3 the fundamentals of bitcoin have reached a new high
recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600
and on the technical level, the fundamentals of bitcoin also maintained a record strength this month
two days ago, the difficulty of the latest adjustment increased by 3.5% than expected
at the same time, the hash rate also climbed to a record high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second
as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before
bitcoin 7-day average hash rate 1-month chart
No.4 analysts focus on $12000 BTC price breakthrough
for famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable
in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below US $12000 for several consecutive years will soon end
Van de Popper believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below cannot last forever
he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."
after this move, there will be another consolidation period, which may last longer than the current period
van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range
BTC / USD 7-day price trend chart. Data source: coin360
No.5 market sentiment: greed is back
with the graal strengthening of prices, investor sentiment is also changing: data shows that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week
this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed", in which case the index is more likely to callback
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
How much is $30000? 190000 RMB
at present, at 17:40 on May 30, bitcoin quoted 48322 yuan, which is about 7520 US dollars
before bitcoin, the peak was $19299. It's 10000 dollars short of your goal
it took nearly 10 months for bitcoin to go from $1000 to $19299 that year. Up 1930%
according to the current market of more than US $7000, if we want to increase this range, US $30000 is certainly OK
but such a good market doesn't happen every time. Those who have made profits before do their best, and the rest are those who have been locked up, unless bitcoin's big good news can drive a batch of fresh blood to buy. It's hard to spend 30000 dollars
I believe the title owner is also a person who plays bitcoin, and I wish you good luck! Maybe $30000
in the case, the cheated citizens all bought different amounts of "Regal money" on the Internet. In the end, they were unable to contact the payee, and all the websites were closed, which directly led to property losses
captain Zhang said that after the police investigation, it was found that most of the servers of this kind of financial management website were located outside China, which brought great difficulties for the police to investigate and crack down
in this case, all the cheated people learned about "Regal coin" through the "Regal 888" wechat group, and almost all of them were victims of "Regal coin" and were introced to the group one by one
captain Zhang also said that in this case, the cheated person was not allowed to trade within the first month after buying one yuan for one "Regal coin", but after one month, he could buy and sell at will
as more and more people put in money, the price of "Regal money" will be raised, some people will withdraw when they buy, and some people who invest in advance will withdraw when they taste the sweetness. Most of the subsequent "takers" dream of continuing to appreciate and buy in large quantities. When the organizers feel that there is enough money, they will run away Daqing (www.daqing.com)
BTC is still setting its own new record again. It has already raised $25000. BTC plummeted by 25% in March, but then reversed its decline. Then BTC began to soar. Some investors felt that it would challenge us $30000 next< at present, the market value of bitcoin has reached US $461.706 billion. Compared with the market value of famous enterprises, bitcoin ranks 11th and has surpassed visa. The total market value of visa is now US $459.975 billion some people in the instry believe that the unprecedented easing policy introced by the government ring the health incident has made virtual currency more attractive than legal currencies such as the US dollar
internationally, Japan has unconditionally supported bitcoin, the European Central Bank has said that it will not regulate bitcoin, bitcoin continues to prevail in the United States, and South Korea has incorporated bitcoin into its bulk commodities. Bitcoin is everywhere, and its popularity is so high that how can the price not rise
of course, bitcoin has not been smooth sailing this year, and it can even be said that it is "ill fated". What's wrong? Let's look below:
on January 5, 2017, bitcoin broke through the historical high of three years ago, broke through the 8000 yuan mark, and once soared to 8873 yuan
then, on January 6, the people's Bank of China and its Shanghai headquarters interviewed three bitcoin exchanges in Beijing and Shanghai, namely, fire coin.com, bitcoin.com and bitcoin China. They were asked to carry out self-examination on recent anomalies and carry out corresponding rectification
as a result, bitcoin prices plummeted to 4944 yuan a few days later
on April 1, 2017, Japan recognized the legitimacy of bitcoin and other virtual currency payment means, and the "Payment Service Amendment Act" officially signed by the Japanese cabinet came into effect. In addition, e to the uncertainty of trump policy, the US Securities and asset markets are volatile, and demand for risky assets is increasing.
from May 22 to May 24, 2017, the third consensus conference was held in New York. Miners and investors were full of expectations to reach a consensus on bitcoin expansion, and bitcoin prices ushered in a big explosion. The price of bitcoin broke through 20000 yuan on June 10, and reached a new high of 21388 yuan on June 11
at this time, the news about China's regulatory policy on bitcoin came out in June and intensified. The bearish sentiment of the market rose and the price of bitcoin kept falling. As of July 16, the price of bitcoin had dropped to about 13000 yuan
later, influenced by the good news of bitcoin bifurcation on August 1, 2017, bitcoin price rebounded again in late July and reached new highs repeatedly. On August 17, bitcoin price broke through the 30000 yuan mark, and then remained stable at a high level
on September 4, seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, and bitcoin prices plummeted to 21000 yuan, a daily drop of 27%
with the closure of China's virtual currency platform, the price of bitcoin continued to bottom out. On September 16, the price of bitcoin fell below 20000 yuan, with the lowest price of 16250 yuan
at this time, everyone thinks that bitcoin is over. But just two weeks later, on September 30, the FSA issued operating licenses to 11 bitcoin exchanges. This event triggered the upsurge of investment enthusiasm around the world, and the market was full of emotion, which promoted the continuous rise of currency price
facts have proved once again that bitcoin is like an invincible Xiaoqiang, facing heavy pressure, and its price rises instead of falling.
In view of the fact that bitcoin is the "alternative currency" of gold, bitcoin will have huge room to rise in the long run. JPMorgan and others said the outlook for bitcoin remained very optimistic in the long run. Bitcoin, the world's largest cryptocurrency, is known for its volatile price. If the bitcoin market wants to match the amount of private investment in the current gold market,
the excessive expansion of the rising trend may lead to the flow of investment from bitcoin to Shanzhai coin. Every time bitcoin is reced by half in design, it is expected to add value, and what happens now is no different. And after the long cryptocurrency winter, the current price rise is consistent. At the current price level, no matter the price is high, the interest of institutions continues to grow, the growth of bitcoin and decentralized Finance (defi) and the growth of TVL. As the narrative about bitcoin price growth has supported one or more of these themes, it is likely to boost the price,
from the perspective of venture capital, Bitcoin has been comparable to gold in attracting private investment outside the central bank. The target price range of US $50000 to US $100000 given by the current market is actually the coexistence of profit and risk
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It is hard to say that the fluctuation of bitcoin price is affected by many factors, and it should not reach $10000 in the short term. You can pay attention to bitcoin market and information on websites in the UK