As you all know, last year bitcoin debuted on the world's largest futures exchanges (CBOE and CME), but this was a win for bitcoin bears over the bulls – because during Christmas period, the price of bitcoin dropped by ~30 percent. Later we had a lot of bad news, so the FUD spread and the price has become even lower.
But now, some time has passed and the first round of the future contracts ended on January 17. According to data from CNBC, the F8 contract settled at a price of $11,055, a notable development considering that, at one point today, the price of bitcoin slid to as low as $9,199.59, according to CoinDesk's Bitcoin Price Index. But the most important thing – after contracts ended, the bitcoin price reversed the trend:
The same thing happened with the crypto market cap:
So, today, a few hours ago, CME future contracts ended. Will we see the same jump? And this will be the last time we see bitcoin at 10-11 000 USD price range? Or the price will go down, to 8 000 USD range?
What do you think guys? What's your purchase strategy?
Also, if you are new to the crypto world, and wondering where to buy bitcoin, here are some useful links:
– If you are located in the USA, go to Coinbase to buy bitcoin;
– If you are located in Europe, go to Luno to buy bitcoin;
– If you want to exchange bitcoin to altcoins, register at Binance exchange.