Cryptocurrency Market Analysis [July 15 Issue]
Bitcoin currently
is undergoing a relatively large correction for the first time since July 2.
Bitcoin price is around 1,100,000 yen
This 1,100,000 yen price
rebounded on July 2, and
this time it has fallen again to this price
to converge back.
Whether it will break lower is not certain, but
if the price converges in this state
it may be a buying opportunity for Bitcoin
to purchase.
Because it is converging, it may rise once to around 1,200,000 yen
and then fall again,
gradually converging toward 1,100,000 yen.
【Ripple targets the lowest price within the year】
Ripple originally compared to Ethereum
and Bitcoin
had risen more than 200%,
while this year it has risen only about 40%.
Therefore, compared with other altcoins, the decline rate is lower.
From the year's high of 50 yen,
if the price settles at this level after the decline,
it can be seen as a buying point.
Ripple daily chart
Regarding Ripple,
this article summarizes the current price analysis and future direction,
so we would be glad if you read it.
https://bitcoin-newstart.com/ripple-whyprice
【Trump's criticism of cryptocurrencies】
President Trump of the United States
made criticisms of cryptocurrencies.
On the 12th, in the United States,
President Trump stated
“I am not a fan of Bitcoin and other
crypto assets,
price volatility is high,
and there is a possibility they could be used for money laundering.”
He criticized them.
Afterward, Libra lacks credibility
and must maintain the same level as banks
as well, combined with his remarks.
Following these remarks
Bitcoin fell about 10%
but since it was around 1,200,000 yen, the impact was limited
in effect.
… (omitted)
Regarding Bitcoin,
a negative stance
was shown, but likely the United States and other countries
are at a stage where the overall economic impact is uncertain
and whether there are real benefits is unclear.
However, on an individual level, holding as a safe asset
… (omitted)
Basically, governments cannot control Bitcoin.
But already Bitcoin has shown influence to the extent that
the President of the world's largest economy, America, speaks about it,
and from that perspective, this statement can be viewed as positive.
Also regarding Libra,
“there is no credibility, credibility exists in dollars,”
he said.
… (omitted)
Overview of Libra here
https://bitcoin-newstart.com/facebook-globalcoin
This week's articles include
・What will be the price movements of interesting cryptocurrencies this week
・Bitcoin technical analysis
・Ethereum, Ripple price analysis
・Dividend wallet operation status
・Consideration of Trump's critique of Bitcoin
・A member of the House of Councillors to watch, Kenji Fujimaki
is summarized.
Here is my chosen ranking of domestic and international exchanges
→↓↓
https://bitcoin-newstart.com/exchange-japan-bitcoin
