Cryptocurrency Market Analysis [February 11 Issue]
Crypto Practice Investment Newsletter February 11
Dear Subscribers
Currently, by depositing cryptocurrency
you can earn an interest of 8%NEXO is
worth paying attention to.
They are safeguarding customers' assets.
Cryptocurrency operation to watch in 2020
Details about Nexo, which could become a highly likely company
are here.
The current price of Bitcoin
is from 1,000,000 yen and
has risen further to 1,070,000 yen
and.
From January3rd, the price has been in an uptrend
and has surpassed the consciously watched 1,050,000 yen line.
This line was during last year's
high-price period, from7月 to9
and is a very watched line.
It has been bounced off this price multiple times.
By breaking through this line,
technically the upside outlook
is more strongly in focus.
Factors include
COVID-19 and technical
factors,
but also4月から5
halving is highly likely,
we think.
(The halving was initially said to be in5月,
but there are reports that it could be moved up to
4月,
so it is being considered as 4-5月).
Compared to last year's high of 1,400,000 yen,
the price is still relatively low,
but before the halving,
in other words by until4月
is essential.
Among my subscribers, some bought risk staking after Coincheck announced
the risk staking,
and since then it rose further,
so there are people currently in profit,
and for those who are thinking short term,
the pace of increase is fast,
so it would be wise to consider taking profits for now.
The risk level is around last year's high in7月,8
levels.
Many other currencies have not yet reached that level,
but the risk is heavily valued.
The rise in risk more than in other currencies
is due to
Coincheck staking and
likely influence from Japanese players,
in my view.
Risk is currently available on Coincheck and
BitFlyer.
Risk chart is here
Right now, the price rise is excessive, so
buying here is risky,
in my view.
Details on Coincheck staking
are here
https://bitcoin-newstart.com/coincheck-staking
Also, Monacoin has reached the high level of7月
high of last year.
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