Hello friends, Hope you all are good
I welcome you all in our channel crypto.com, so this post we are going to cover
- Current status of the crypto market and what is happening in the crypto world
- Why Cryptocurrency Falling Down
- Who is manipulating the market
- Where the cryptocurrency trend go
- What is the exact bottom of bitcoin
As we can see our main support level of $6000 is already broke up, and now the new bottom of our bitcoin is almost nearby $5800. In this market there is very high manipulation is going on and in this post, we can discuss who is manipulating this crypto market.
Before start discussion I want you to tell you something
- Please do not trade intraday
- Do not trade on Bittmex or Leverage Trading
- You can Buy Bitcoin or other cryptocurrencies for the long run
So the Let’s Begin
There was a article published on coindesk in December 2017 but the implementation will be on 2018. In this article they told about the group of countries G7 Where countries like Canada, France, US, Germany, Italy, Japan, Uk.
The G7 meeting is held in Canada this year in june this month. And in this meeting there was a huge discussion about cryptocurrency but this will didn’t disclosed
So, let me tell you in very short those countries will dicussed about economy, security, governance, energy and lot of topics like this. But the main discussion is on their global economy.
So on 2017, as we know the cryptocurrency is really boom and the valuation of the cryptocurrency is going to $835 Billion Market cap. And the valuation of G7 SDR (Special Drawing Rights) is $291 Billion. That’s why there was a really panic situation for G7. This SDR fund is used as Monitor reserve fund so they can control that market somehow. So the G7 central banks are trying to control crypto market and manipulate and dump the price and creating sum panic situation for crypto holder because the want to invest in cryptocurrency but they want bitcoin in lowest price so they can enter into the market.
Now lets talk about the best bottom price of bitcoin
The average mining cost of the world is about $5500 so it is very dangerous to go lower below the average mining cost.
Support level of bitcoin
- 5796
- 5500
- 5200
We think these are the support where Central banks, Industrial Investment, And Whales trying to entry from these
support level and the market will go very high in very less time.
Ask Your Questions Below and Also Say What do you think after seeing this market
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