Place/Date: - June 12th, 2020 at 2:58 pm UTC · 3 min read
Contact: Bexplus, Source: Bexplus
Bitcoin saw over -6% drop yesterday which is the largest decline within a single day in past 2 weeks. One of the reasons that caused Bitcoin sudden drop is the stock market sell-off after the Fed FOMO meeting. The Dow Jones Industrial Average (DJIA) fell by 1,800 points.
Gold, as a widely recognized safe haven assets, surged to the highest point of $1.744 and continued an uptrend this week.
However, have you noticed that Bitcoin trend looks almost exactly like Gold?
From the above, we can notice that Bitcoin trend seems to be a slightly delayed version of Gold trend. Therefore, we may predict that Bitcoin will soon rally to break $10.000 resistance again. And the Bitcoin ball is still squarely in the court of bulls.
Since we predict that Bitcoin may start the uptrend movement after the big drop yesterday, it is chance to long BTC and make great profit! BTC margin trading with 100x leverage is the best trading instrument that you can turn to.
As an example, opening a position with an initial margin of 0.1 BTC with 100x leverage is essentially equivalent to controlling a position size of 10 BTC. If Bitcoin gains in value by 10% during this time period, you would have a profit of $10.000 — all while only risking your initial 0.1 BTC margin.
Sounds great, right? So, where to trade bitcoin margin trading with 100x leverage?
Bexplus is one of the most popular futures exchanges in cryptocurrency market. It provides a variety of trading pairs including BTC/USDT, ETH/USDT, EOS/USDT, LTC/USDT and XRP/USDT with 100x leverage. By using leverage, cryptocurrency traders can increase their exposure to price movements and turn what would otherwise be small gains when spot trading into extraordinary profits.