Cryptocurrency Market Analysis [April 14 Edition]
Bitcoin was around 7 hundred thousand yen last week
and briefly exceeded 800,000 yen in the latter half,
but recently it has fallen back
to 720,000 yen.
Bitcoin daily chart
In the short term, it has become an uptrend
and is above the 730,000 yen line.
The situation is that it has crossed it.
If prices move as the technicals indicate,
they would rebound from the current price
and move toward 800,000 yen.
It seems likely.
Bitcoin 4-hour chart
However, on the 4-hour chart
the diagonal trend line formed by connecting the lows
has been slightly broken, so the question is whether
it will decisively move below this line
or rebound upward? That is the perspective.
.
However, given the current state of the economy,
the coronavirus
and the outlook for an economic rebound
isn’t clear, so people want to buy Bitcoin
after it falls further.
Personally, considering the economic situation,
2020 is expected to be a situation shaped by the coronavirus,
and the situation will be influenced accordingly.
The highlight of 2020 was said to be the Olympics,
but it was postponed, and among other factors
there is the US presidential election,
which coronavirus will affect...
The presidential election is said to be on November 3,
and the incumbent President Trump
will be the focus of how he handles the coronavirus.
It seems that the Democrat
with former Vice President Biden
and Trump will compete, but researching Biden
shows that he does not particularly support digital currencies
or virtual currencies.
And more recently,
inflation arising from various countries' fiscal policies
could lead Bitcoin to increase in value in the future.
Many experts are looking at 2020 with a bearish view,
seeing it as a buying opportunity when it declines.
With this decline,
the main currency I invest in is Ethereum
Ethereum daily chart
The current price is
at the level reached in the latter half of last year.
This time I bought Ethereum at 12,000 yen,
but the current price level is not easy to identify in the long term.
I plan to purchase regularly, so this month
I plan to buy more Ethereum at the current price range.
.
【Bitflyer releases
BAT】
This has long been communicated on my site
that cryptocurrency Basic Attention Token
(BAT) has been released by Bitflyer.
https://bitcoin-newstart.com/bitflyer-bat
This currency is a system where you receive BAT
as a reward when you use a browser called Brave
to view advertisements.BAT given.
Normally
advertisements you view are rewarded completely in Google,but
people who use the Internet contribute by viewing ads,
and thus you can receive Basic Attention Token (
BAT).
This reflects the decentralized concept of blockchain,
and I hope such trends spread in the future.
BAT is listed on major U.S. exchange Coinbase
and is also tradable on Binance.
In these exchanges,
the criteria for listing are strict,
and even domestic exchanges tend to list easier
for currencies that are traded on these platforms.
Regarding BAT,in Japan, Bitflyer and GMO
are currently handling it.
As for BAT,
I invested in it last March.
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