Bitcoin sellers and buyers are playing a tug of war. Bitcoin is now struggling in the narrow range of $10,800-$11,200. Despite investors are confident that it could break the $11,500 and moon to 15K or even 20K, bitcoin is kinda stuck.
On Monday, the US government formally announced a $1 trillion stimulus package which is considered by many a new round of liquidity pump. Historically, the weaker dollars and high level of liquidity are favorable factors for hedge assets such as gold and bitcoin.
Former hedge fund billionaire-turned crypto investor, Michael Novogratz, shared his opinion that a “liquidity pump” and a large inflow of retail investors could take bitcoin to $20,000 by the end of 2020.
However, bitcoin still needs to cross the $11,500 to signal a bull run. $11,500 has long been a crucial resistance level for bitcoin since 2018. In the past two years, bitcoin tested the level twice and got rejected, and what followed the fail attempts were sharp declines. We could expect more price swings in the near term as bitcoin gathers strength and continues to test the resistance.
Maximize profits with the ups and downs of the market
With so much market volatility, now is the best time to make some real profits. In futures trading, traders can make profits out of market fluctuations by shorting or longing bitcoin. By using leverage, even a small sum of money can open a big position.
For instance, in Bexplus Exchange, traders can borrow 100x leverage. The minimum trading volume for BTC/USD on Bexplus is 0.1 BTC, which means you only need to invest 0.001 BTC as margin. If you generate a 10% profit, you will earn 0.01 BTC, making your ROI 1000% with just 0.001 BTC investment.
Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
- Demo account with 10 BTC
To help traders better familiarize themselves with leveraged trading, Bexplus has launched the trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.
- 24/7 withdrawal and 24/7 customer support
You can submit a withdrawal request anytime you want. You can have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems when using Bexplus, you can contact customer support via different channels, such as e-mail and live chat.
- BTC wallet: up to 30% annualized interest without any risks
If you want to take a short break from trading, the Bexplus BTC wallet can help you generate juicy profit without taking any 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.
- Top ranking mobile apps to help you trade smartly
The top-ranking Bexplus mobile app has one of the most intuitive interfaces that could help you better manage your account. Even when taking the subway or waiting for your food to arrive, you can check the market, open positions, or make a deposit on the interest-bearing wallet with just a few swipes.
- 100% bonus to help you maximize profit
Bexplus has launched a 100% deposit bonus as a thank-you gift to every user. Up to 10 BTC is available and you can withdraw all the profits generated by the bonus. Furthermore, active users can get 10% off of transaction fees. Don’t hesitate to contact Bexplus support for more information!
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