Trading News

See all posts (71)
Mastering Trading Strategies: Diamond and Butterfly Patterns, FTMO Challenge, and Trading in the Zone Boost Your Trading Success with FTMO Challenge, Forex Funds Management, and Trading in the Zone Diamond Pattern, Butterfly Pattern, Bullish Harami and other technical analysis tools Experts Weigh In on Cryptocurrencies: Here’s What They Have to Say Comparing 401(k)s and IRAs: Which Is Right for You? Private Equity and Startup Investing Are We Experiencing the Dot-Com Bubble 2.0? Tumultuous Equities in 2022: Here’s What Experts Are Saying Market Uncertainty and the Current (Potentially) Recessionary Environment: Where Do We Head From Here? Cryptocurrency Investing Insights: The Importance of Diversification What is margin in Forex: Explaining the term in plain English Basic principles of a successful trading day Facebook's cryptocurrency project is on the brink of collapse Specifics of trading with the Keltner Channel indicator TOP recommendations for effective use of Parabolic SAR Bitcoin renews all-time high but prospects remain bleak Cryptocurrency, «Robinhood», SPAC: New investment hybrids of the Covid-19 era What is slippage in Forex and how to avoid it? What is the NFP in Forex (Non-Farm Payrolls)? BTC.TOP believes that bitcoin will reach $400,000 The best currency pairs to trade Most common mistakes in algorithmic trading Terms and conditions of employment with FTMO The coronavirus snaps an 11-year growth streak in financial markets Bitcoin may fall to $10,000, but it is too early to panic The founders of the Africrypt crypto exchange disappeared along with their users' bitcoins What is a Buy Limit order in Forex and how to use it? India may introduce a law banning cryptocurrency trading What is scalping in Forex: all the pros and cons Elon Musk's unexpected statement crashed the crypto market Who are market makers and market users? How to pass the FTMO Challenge? Japan has several reasons to issue a national cryptocurrency FTMO is the best Proprietary Trading company The Linear Regression indicator: advantages, characteristics, recommendations The FTMO Challenge: TOP 5 tips Huge electricity costs threaten the cryptocurrency industry Benefits of working for Proprietary Trading Having no trading plan is the biggest mistake of novice traders What is a sideways trend in Forex, and how to approach it? What is capital in Forex: the size and usage Successful traders always limit their losses The McClellan Oscillator: All a novice trader needs to know Top 10 tips for turning a loser into a successful trader Pros and cons of using TOP 3 volatility indicators Aspects of Forex trading at night Top 5 unforgivable intraday trading mistakes How to trade the Diamond formation About a margin in Forex in simple terms How to use the RSI indicator
BTC.TOP believes that bitcoin will reach $400,000
BTC.TOP believes that bitcoin will reach $400,000

The mining company BTC.TOPthat in less than a year became one of the leaders in cryptocurrency mining outlined its vision of Bitcoin development. The company is convinced that digital currency has not yet been in a real bull market, but it may well happen in the near future. BTC.TOP noted that it is a reasonable assumption: before coming to such a conclusion, experts analyzed all the cycles of BTC growth that were observed 4, 8, and 10 years ago.

The mining pool has no doubt that bitcoin's latest peak of $65,000 is just a starting point for a full-fledged bullish trend. In-depth research has shown that during such market movement the peak value of the world's major digital currency may exceed $400,000.

What does Google Trends say?

Representatives of BTC.TOP noted that while studying cryptocurrency market trends, they examined in detail all the statistics offered by Google Trends. As it turned out, each bullish trend was accompanied by an incredible increase in audience interest in BTC, and despite the extraordinary bitcoin performance in spring, as of yet, there has not been sufficient interest in digital currency from the public. The current search figures do not even exceed the level of interest recorded 4 years ago. This shows that a huge number of private investors have not yet decided on whether to invest in cryptocurrency, apparently believing that the price of $64.300 is a local peak that bitcoin will not overcome.


Bitcoin performance

As mentioned above, this spring Bitcoin updated its all-time high and the coin cost over $64,000, but the market did not manage to keep this level for a long time, and a few weeks later a negative trend began. The last few days have been very difficult for investors, as the BTC has slowly but surely dropped to a psychological mark of $30,000. Along with the main digital currency, other popular altcoins also lost ground.

Independent analysts have pointed to a transfer of substantial funds from miners' wallets to exchanges. It points to the fact that the market remains under significant pressure on bitcoin and other cryptocurrencies. The situation is further complicated by the uncertainty of institutional investors about the future of digital gold. Little support for bitcoin is provided only by the cryptocurrency community with its unshakeable belief in the profitability of buying BTC “at half price”.

We should not forget that the cryptocurrency market is primarily hype-driven, so the long-term dynamics of gradual growth or decline may be replaced by lightning-fast movements. Although it cannot be overlooked that market consolidation continues to gradually disappoint investors seeking to speculate in digital assets.

Nevertheless, leading experts in the financial industry, including the head of MicroStrategy, believe that when assessing the situation, it is worth not paying too much attention to any spikes in the market. An in-depth analysis shows that cryptocurrencies do have an impressive future, given the rates of computerization growth in all fields. With this in mind, many experts advise investors to abandon speculation and bide their time, since cryptocurrencies are expected to grow steadily anyway.

Of course, it is up to an investor whether to agree with this opinion or not, but do not forget that Steve Ballmer made hundreds of millions of dollars simply by not selling Microsoft shares in a time of crisis, and a few years later his belief in the value of his assets paid incredible dividends.

As of July 22, 2021, the value of one BTC is 28,800 US dollars.

Still have any questions,
Get in touch with our expert
Download Our App

Our mobile application delivers the best trading experience on the go.

Get the free app today and enjoy responsive automated forex trading on your mobile phone

Get it on Google Play Get it on App Store
Start Investing
With Algofxpro
This option is not available right now.