The cryptocurrency market has been battling a dangerous typhoon of late since the panic sell-off triggered by US stocks and the Fed’s policy reversal. The value of Bitcoin (BTC) fell from around $39,500 to $33,100 from May 5, 2022 to May 9, 2022, falling 16% in 5 days. This dive has also alarmed more people. The Fed is raising interest rates, the decline in the US stock market and other events all show that Bitcoin could be struggling. However, several factors suggest that now may be the best time to buy the dip.
The Bitcoin Halving – The Radical Factor in the Coming Price Rise
In fact, the next Bitcoin halving will again have a major impact on the price of BTC in the next one. With each halving event, the daily issue decreases and with it the supply. In turn, the difficulty of mining blocks for miners will increase further, which is expected to increase the price of Bitcoin as well. And the price rally of this fundamental factor is unstoppable and unparalleled.
The Greed Index Indicates The Market Should Be “Hot”
When analyzing the current sentiment of the Bitcoin market, 0 to 100 is often used to denote fear and greed. Zero (0) means ‘extreme fear’, while 100 means ‘extreme greed’. When investors get ‘too greedy’ it means the market will adjust, and when the index points to ‘extreme fear’ it illustrates that investors are too concerned, but it also indicates a good chance to buy bitcoin. to buy. Smart investors can accurately identify market signals and seize every investment opportunity. This big drop could also bring similar opportunities.
The best time to lower Bitcoin
In November of last year, Bitcoin’s price was around $68,000, while Bitcoin’s current price has now fallen below $33,000. If you buy now, the cost is less than 50% per Bitcoin lower than before. Now is actually the best time to enter the crypto market.
Professional traders in the bear market have practiced their trading strategies in simulated trading, chose the right trading tools and helped themselves maximize profits. Bexplus’ leverage of up to 100x will certainly be a necessary help. This 100x leverage allows traders to trade $1 as $10, while at the same time traders can also get all the profits brought in by the $100. This will be further explained below.
Assuming we use 1 BTC to open a long contract when Bitcoin trades at $33,000. When the price of Bitcoin rose to $37,000. The profit is ($37,000 – $33,000) * 100 BTC / $37,000 * 100% ≈ 10.8 BTC, making the ROI 1,080%.
Learn more about Bexplus
Bexplus is a leading crypto derivatives trading platform that offers 100x leverage and copy trading in futures on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. They also offer a demo account to try out all the features. Bexplus does not require a Know Your Customer (KYC) and is popular with over a million merchants from over 200 countries and regions. In addition, it is safe to be accredited by the US MSBA (Money Services Business). Below are a few more benefits of Bexplus:
It doesn’t matter if you are a novice or an experienced veteran, Bexplus offers a very friendly platform for both sides where you will definitely enjoy investing in cryptocurrencies with Bexplus. to register and receive your 100% bonus!
