Hello friends, hope you are doing well. Today i am going to discuss about a very important topic that why BITCOIN is not reaching $10000. Everyone is thinking and waiting for bitcoin to reach its peak and many of us wants to invest money on BTC but we are tensed. So lets start.
It is observed by many crypto experts that Bitcoin should already be in bullish mode but its not happening. According to them the only reason that is stopping Bitcoin to be in bullish mode is BTC FUTURE CONTRACT BY CME AND CBOE GROUPS.
I am now going to tell you some facts that wil make you believe that this are happening because of BITCOIN FUTURES CONTRACT
SOME PREVIOUS STATS:
23rd Feb 2018
CME 2nd Contract expired and bitcoin went from $1170 on 21st Feb to $9350 on 26th Feb
$2350 fall in few days and again big jump as soon as contract expires reached $10600 in 2-3 days.
25th May 2018
CME Future contract expires and Bitcoin went from $8600 on 21st May to $7000 on 225th may. A big fall of $1600 in just 3 days because of CME Contract expiration.
29th June 2018
CME future contract had to expire and bitcoin went from $6700 on21st june to $5900 on 29th june. Now again a big fall of btc and now we see sudden pump.
So I think its clear now that the price of btc is decreasing because of CME.
Its clear that soon the BTC will reach its peak.
What do you think about this? Comment....