Cryptocurrency Market Analysis [June 24 Issue]

Bitcoin is around 12 million yen close

rising.

Bitcoin daily chart

Last week it was 9.9 million yen,

so in just one week it has surged by 20%

it's a spike.

Even among currencies ranked in the top 10 by market value,

Bitcoin shows the highest one-week price increase

rate.

The level of 12 million yen

is because it is March of last year, it has been 15 months since then,

rising near 12 million yen

so we can say it has risen around 12 million yen.

This is Bitcoin's price during the spike in 2018.

As a result, during that period it was a bubble,

price-wise it wasn't fair value, and this time

Bitcoin's rise is hoped to be a rise at a fair buying price.

The next target price, considering previous prices,

is 1.5 million yen.

However, it has risen quite a bit recently,

so a correction may occur

and that would not be unusual.

In the near term, around 1.05 million yen,

if price stabilizes on a pullback, I think it would be a good entry point.

I think so.

If this rise represents demand for long- to mid-term trading

with a buying perspective,

Bitcoin could continue to be promising toward next year.

Some experts say

that it could break the previous high of

around 2 million yen within this year

as a possibility.

Last week,

- Line will launch an exchange next month

- Hong Kong protests worsen

- U.S.-China trade friction adds concerns

- Facebook published the White Paper (specification)

Concerns about worsening economic conditions

led to Bitcoin being bought up when

Facebook's Global Coin White Paper was released

, yielding a sudden burst of interest.

【Facebook  cryptocurrency

Libra's Impact】

Facebook published its own

White Paper, becoming a global topic.

＊ FX攻略, an FX

I will start a cryptocurrency column.

If you stop by a bookstore, I’d be glad if you read it.

https://bitcoin-newstart.com/fxkoryaku

＊ My investment currency published here is

published in this paid article.

This week's article covers

・ This week's notable cryptocurrency price movements

・ Facebook's cryptocurrency Libra

・ My focus currency buying/selling status

・ Angelium announcing an official wallet

high dividends but...

・ Characteristics of Ponzi schemes in cryptocurrencies

summarized.

The rankings of domestic and international exchanges I choose

are here ↓↓

https://bitcoin-newstart.com/exchange-japan-bitcoin

The list of notable cryptocurrencies for 2019 is here↓↓

https://bitcoin-newstart.com/bitcoin-ranking-2018