BitcoinLong
Trade 619 BTCUSD
Bought at 42143.87 on Sep 26
Reasons for purchase:
Having taken a hit from China due to Bitcoin Ban a number of major institutions have been increasing their positions indicating a future supply squeeze.
A number of key factor including the the U.S. officials confirming that they will not take the same route as china.
Based on previous market sentiment in the previous weeks before the china ban our ananlyst predicted a sharp increase in the price of BTCUSD after the dust had settled.
Reasons for purchase:
Having taken a hit from China due to Bitcoin Ban a number of major institutions have been increasing their positions indicating a future supply squeeze.
A number of key factor including the the U.S. officials confirming that they will not take the same route as china.
Based on previous market sentiment in the previous weeks before the china ban our ananlyst predicted a sharp increase in the price of BTCUSD after the dust had settled.
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