I was in my Binance account yesterday when the surge happened Bitcoin went up from 6750$ to 7300$ in just a few minutes! What happened? We were in bear market for a month!
Some may say the reason was technical and some analysis predict that but I think Its not just technical there are some positive movements behind this surge. first of all the financial giant BlackRock sets up a working group to look into cryptocurrencies and blockchain! this gives people more trust that the future is bright for cryptocurrency and its not just computer nerds money!
Another positive news came from the Mastercard who Filed Patent for Payment System Linking Blockchain Currency, Fiat Accounts. This patent application includes a new form of a public blockchain-based method for linking assets between blockchain and fiat currency accounts. so when financial giants are entering the realm of blockchain it sends strong positive signals to investors that they put their money on the right technology, No matter if its volatile comparing to other investments but the future is really promising for that.
Remember that people who bought Bitcoin a few years ago had only a dream and not all of these positive news and movements that we have today and they won!
In the 2nd part of this CNBC video Tom Lee shows you when Bitcoin is below its 200 days moving average its a bullish sign and can give you 90% profit in 6 months!
HODL!
Wish you all massive profit!
Plz ReSteem!