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Markets

Bitcoin offers the bear trap, “Million Dollar” claims

Samson Mww, CEO of AN3, has participated in his position in the current Bitcoin mode on the market with the continued decrease in cryptocurrency in the world and 4.3 % lost in the past two days.

MoW is also known for its frequent predictions that Bitcoin will reach one million dollars per currency in the near future.

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Bitcoin forms a bear trap

Samson Mww described the current situation in Bitcoin Market as “bear trap”. This trading sign appears when the original appears to be a fixed decrease. When seeing this, traders often begin to palaces this origin because they expect to decrease more. However, what the price does instead is that it makes a sudden reversal and backup.

The bear trap can usually form several reasons – when the market feeling turns, due to the manipulation of whales, or due to organizational developments. Over the past two days, Bitcoin has lost more than 4 % of its market value, as it has decreased from the area of ​​$ 8,7500 to 83,800 dollars, as hands change at the present time. On Friday, BTC tried to rise, gained about 1 %, but then it was pulled to where it started.

If the right MW is proven, Bitcoin must organize a harsh reversal soon, which leads to up and leaving the sellers on the open who calculate the losses on their commercial accounts.

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An author expects

This origin can outperform Bitcoin for a brief period for every Keusaki

Robert Keusaki recently made the Classic on Finance Management, “Rich Dad Poor Dad”, and has recently shared a tweet called one of the origins that he is believed to be better than Bitcoin and Gold for the next few months.

Kiyosaki is a well -known bitcoin lawyer. In his tweets, he often recommends that his followers accumulate BTC, claiming that he will make them rich in the future. However, before he begins to defend Bitcoin currencies, he recommended himself in relation to gold and silver in their physical form – urinary, coin, etc.

However, Kyusaki stated this week that it is expected that silver will be better than gold and bitcoin during the next two months or so. He believes that silver will reach the highest new level ever this year – $ 75 and then reached $ 200 in a year or two due to rapid industrial demand. Currently, silver is traded at $ 35 an ounce.

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