Bloomberg: Bitcoin und Gold werden ab August glänzen

Die kürzlich veröffentlichte Ausgabe des Bloomberg-Forschungsberichts „Bloomberg Commodity Outlook“ vom Juni 2021, der von Mike McGlone, einem Senior Commodity Strategist bei Bloomberg Intelligence (Bloombergs Forschungszweig auf dem Bloomberg-Terminal“), verfasst wurde, ist ziemlich bullisch, was die Aussichten sowohl für Gold als auch für Bitcoin in H2 2021 angeht.

Hier sind einige Highlights aus diesem Bericht:

Der „Mainstream-Migrations-Trend“ scheint bei Bitcoin Era sehr stark zu sein, wie die Popularität mehrerer Bitcoin-ETFs in Kanada und die wachsende Liste von Bitcoin-ETF-Vorschlägen, die auf die Genehmigung durch die SEC warten, zeigen.

Der stetige Rückgang der 30-jährigen US-Staatsanleihe (von 2,415% am 12. Mai auf 1,89% am 8. Juli) bedeutet, dass es weniger Konkurrenz für Wertaufbewahrungsanlagen wie Gold und Bitcoin gibt.

In H1 2021 stiegen der S&P 500 und Bitcoin um den gleichen Betrag. Was H2 2021 betrifft, so könnte „ein gewisses Abflauen der Aktienflut“ ein kurzfristiges Risiko für Bitcoin darstellen. Im Moment ist Bitcoin „kalt“ (er ist von seinem Jahreshoch von fast $65.000 am 12. April auf etwa $32.555 gefallen, wo er sich jetzt befindet) und Aktien scheinen „zu heiß“ zu sein (am 7. Juli erreichten der S&P 500 und der Nasdaq Composite mit 4358,13 bzw. 14665,06 Allzeithochs), was darauf hindeutet, dass es in H2 2021 mehr Aufwärtspotenzial für Bitcoin als für Aktien gibt.

Das Krypto-Crackdown in China, die U.S. Securities and Exchange Commission (SEC), die immer noch keinen Bitcoin-ETF genehmigt hat, und ESG-Bedenken über den Stromverbrauch des Bitcoin-Minings sind drei „kurzfristige Preis-Gegenwinde“, die sich in „längerfristige Rückenwinde verwandeln könnten.“

Bitcoin scheint auf dem Weg zu sein, sich „um das 100-fache einer Unze Gold zu stabilisieren“ (eine Unze physisches Gold kostet derzeit etwa $1.800).
Am 2. Juli sagte McGlone, dass unabhängig davon, ob man glaubt, dass wir uns in einem Bärenmarkt oder einem Bullenmarkt befinden, „der Verkauf von Bitcoin bei anfänglichen Einbrüchen unter seinen 50-wöchigen gleitenden Durchschnitt hat sich in der Vergangenheit als gute Möglichkeit erwiesen, Geld zu verlieren.“

El criptoinfluenciador Ben Armstrong nombra 4 criptoactivos que podrían subir en marzo

  • El criptoinfluenciador Ben Armstrong destacó cuatro criptoactivos a los que les irá bien en marzo.
  • Armstrong situó al bitcoin en el número uno, diciendo que la moneda haría otro repunte en el próximo mes.

Bitcoin tiene el mayor potencial de precios en el próximo mes

El popular analista y criptoinfluenciador Ben Armstrong ha identificado cuatro criptoactivos que podrían tener un buen rendimiento este mes.

Según una reciente actualización de YouTube, Bitcoin Evolution tiene el mayor potencial de precios en el próximo mes.

Armstrong dijo a sus seguidores que ahora es el momento de invertir en la criptodivisa antes de que se produzca un nuevo impulso hacia los 60.000 dólares.

Dijo:

Enfrentémonos a los hechos: Bitcoin está superando con creces lo que todos creíamos que podía hacer en este momento. Febrero comenzó con una explosión y un movimiento masivo a casi 60.000 dólares antes de un retroceso gigante a finales de mes.

Armstrong se mostró entusiasmado con el proyecto de finanzas descentralizadas Terra (LUNA), del que dijo que funciona como „dinero programable para Internet“. Explicó que el proyecto es una plataforma de pagos digitales vinculada a diferentes monedas, lo que permite a los usuarios gastar su criptografía de una manera „sin fisuras“.

„Joya de baja capitalización del mes“

Armstrong también tiene una perspectiva positiva para el proyecto DeFi Nord Finance (NORD). Calificó la moneda como su „joya de baja capitalización del mes“ y señaló que estaba adelantando el activo con una capitalización de mercado de menos de 10 millones de dólares.

El popular operador completó sus cuatro mejores selecciones con Alpha Finance (ALPHA). Armstrong dijo que el proyecto probablemente se situará entre los 100 mejores a finales de marzo, y señaló que la moneda está a punto de volver a romper.

Los abogados advierten que los tweets de Bitcoin de Elon Musk podrían atraer la ira de la SEC

La desenfrenada actividad de Elon Musk en Twitter podría ponerlo en problemas con la SEC, según los abogados.

Los asesores legales han advertido que el director ejecutivo de Tesla, Elon Musk, podría ser objeto de escrutinio por parte de la Comisión de Bolsa y Seguridad de EE. UU.

Por su actividad en las redes sociales y declaraciones públicas sobre Bitcoin

El lunes 8 de febrero, Tesla anunció en una presentación ante la SEC que había comprado $ 1.5 mil millones en Bitcoin y pronto comenzará a aceptar pagos de BTC. Poco después, los precios del activo se dispararon a un nuevo récord histórico de poco más de $ 48,000.

El socio de Linklaters y exjefe de la división de cumplimiento de la SEC, Doug Davison, dijo al periódico Telegraph del Reino Unido :

„No sería sorprendente, dado el enfoque en los tweets del director ejecutivo, los precios de Bitcoin y los recientes movimientos dramáticos del mercado, que la SEC hiciera preguntas sobre los hechos y las circunstancias aquí“.

El exvicepresidente del Banco Central Europeo, Vitor Constâncio, se hizo eco del sentimiento y concluyó que „la SEC analizará esto“

La SEC y la Comisión de Comercio de Futuros de Productos Básicos tienen la capacidad de investigar si sospechan de manipulación del mercado.

Musk ha hablado en Twitter sobre Bitcoin y DOGE en varias ocasiones, lo que contribuyó a que la actividad de Bitcoin en la plataforma de redes sociales alcanzara sus niveles más altos.

Bitcoin subió un 20% a fines de enero después de que Musk agregó #Bitcoin a su biografía de Twitter y tuiteó „En retrospectiva, era inevitable“ y, a fines de diciembre, publicó un meme explícito que sugería que estaba fuertemente tentado a comprar Bitcoin .

No hay duda de que la incursión pública de Tesla en Bitcoin ha contribuido a este último aumento de precios, y los influyentes tweets de Musk sobre criptografía a sus 46,5 millones de seguidores también pueden mover los mercados.

Actualmente todavía está checando a Dogecoin con este tweet reciente a última hora del 10 de febrero que indica que está comprando el activo. DOGE se disparó un 13% después de ese tweet en particular hace unas horas.

Musk no es ajeno a la controversia de Twitter; Ha sido acusado anteriormente de publicar información errónea en la plataforma sobre Covid-19 y el cierre de una de sus fábricas.

En otro incidente, sugirió que el precio de las acciones de Tesla era demasiado alto, lo que resultó en una caída de precios posterior. La SEC demandó a Musk por fraude, acusando al jefe de Tesla de hacer „tweets falsos y engañosos“, pero poco después llegó a un acuerdo con el regulador .

Eine breitere Palette von institutionellen Anlegern interessiert sich jetzt für Cryptocurrency – Grayscale CEO

Das Interesse von institutionellen Investoren an Kryptowährungen ist gestiegen.

Das sagt der neue CEO von Grayscale, Michael Sonnenshein. Michael Sonnenshein löst Barry Silbert als CEO ab, nachdem er in den letzten 3 Jahren als Geschäftsführer des Fonds tätig war.

Institutionen, Pensionen und Stiftungen

Im Gespräch mit Bloomberg meinte Michael, dass Pensionskassen, Institutionen und andere Stiftungen auf den Krypto-Zug aufspringen. Er fuhr fort zu bemerken, dass es auch einen signifikanten Anstieg in der Menge, die diese Institutionen für Krypto-Investitionen zuweisen, gegeben hat.

In der Tat wurde berichtet, dass verschiedene Institutionen ihre Investitionsoptionen erweitern, um Kryptowährungen unterzubringen. Das ist nach Jahren der Verweigerung und des Rückschlags zwischen der Krypto-Community und den Gegnern, die lange eine eher pessimistische Sicht auf die Krypto-Industrie hatten. Allerdings ändert sich diese Stimmung nun, da Kryptowährungen wie Bitcoin sich weiterhin bewähren.

Grayscale ist riesig

Grayscale ist einer der größten auf Kryptowährungen fokussierten Investmentfonds der Welt. Der Fonds verwaltet derzeit ein Vermögen von insgesamt $27.5 Milliarden. In den letzten Monaten hat Grayscale große Mengen an Top-Kryptowährungen wie Bitcoin Millionaire und Ethereum angehäuft, was einen ernsthaften Aufschwung in der Zahl der Großinvestoren signalisiert, die bereit sind, über den Fonds in Kryptowährungen zu investieren.

Das Investitionsmodell von Grayscale ermöglicht es seinen Kunden, über eine Treuhandvereinbarung in Kryptowährungen investiert zu sein, anstatt die Kryptowährungen selbst zu besitzen. Um noch mehr Investoren anzulocken, hat Grayscale nun die anfallenden Verwaltungsgebühren um 0,5% gesenkt, so dass sie nun bei 2,5% liegen (vorher 3%).

Was bedeutet dies für den Markt?

Zugegeben, ein Anstieg des institutionellen Interesses ist eine große Nachricht für die Krypto-Industrie, vor allem zu einer Zeit, in der die Krypto-Hausse am stärksten ist. Bitcoin, die Top-Kryptowährung in den Chats, überquert die $40k-Marke und weist eine Marktkapitalisierung von $750 Milliarden auf. Der gesamte Krypto-Markt ist jetzt über eine Billion Dollar wert.

Diese bemerkenswerten Entwicklungen könnten dazu beitragen, einen ausgedehnten Krypto-Bullenlauf zu befeuern, und viele Fans sind bereits davon überzeugt, dass Fiat-Währungen kurz davor sind, zu kapitulieren und den Weg für Kryptos wie Bitcoin freizumachen, um vollständig in den Mainstream zu gelangen.

De volatiliteit van Bitcoin hielp Ethereum een ​​nieuw record te bereiken: rapport

De prijs van Ethereum’s ether heeft een nieuw record bereikt boven de $ 1.430, deels dankzij de recente volatiliteit in de prijs van bitcoin, die van $ 11.000 naar een nieuw hoogtepunt in de buurt van $ 42.000 ging, voordat hij naar $ 30.500 daalde en herstelde naar $ 37.000.

De groeiende volatiliteit van het vlaggenschip cryptocurrency, die volgens CryptoCompare’s Bitcoin Volatility Index (BVIN) tot nu toe met 51% gestegen is, zou investeerders naar alternatieve cryptocurrencies hebben gedreven, waardoor de grootste altcoin, ether, een nieuw hoogtepunt bereikte.

Volgens Bloomberg werden liefhebbers van cryptocurrency aangemoedigd door de relatieve rust die onlangs in de prijs van Crypto Bull te zien was, die de afgelopen dagen rond de $ 36.000 handelde, om het momentum na te jagen.

Vijay Ayyar, hoofd bedrijfsontwikkeling bij crypto-uitwisseling Luno, zei:

Bitcoin bevond zich de afgelopen weken binnen een bereik, waardoor het kapitaal tijd heeft om te roteren [naar andere cryptoassets].

Het gebruik van Bitcoin als afdekking tegen risico’s zoals inflatie, de groeiende acceptatie door bedrijven en de groeiende interesse in de markt hebben de prijsstijging van de cryptocurrency geholpen. Analisten bij JPMorgan hebben gezegd dat het $ 40.000-teken de sleutel is voor BTC, en het risico van een verdere daling markeert, tenzij de crypto dat cijfer snel weer overschrijdt.

Zoals gerapporteerd, geloven analisten dat de volgende zet van BTC zijn bull run zou kunnen maken of breken , gebaseerd op Fibonacci-retracementniveaus, wat horizontale lijnen zijn die aangeven waar steun en weerstand waarschijnlijk zullen optreden.

Wat betreft ETH, zijn nieuwe recordniveau komt naarmate de schaaloplossing van de cryptocurrency, Ethereum 2.0, vooruitgang boekt

De gedecentraliseerde financiële ruimte (DeFi) heeft ook gezien dat de totale waarde van het slot de grens van $ 25 miljard overschrijdt, met protocollen zoals Maker, Aave, Compound, Uniswap, Curve Finance en SushiSwap met meer dan $ 2 miljard erin.

Bovendien is ether opgesloten in het Ethereum 2.0-staking-contract effectief uit de circulatie gehaald totdat de upgrade van het netwerk wordt gelanceerd. Meer dan $ 3 miljard aan cryptocurrency zit er nu in vast, wat de rente van hun houders oplevert.

Alex Krüger, een populaire econoom en handelaar, heeft onthuld dat Ethereum de volgende niveaus in de gaten moet houden . Deze omvatten de $ 1.500, $ 1.600, $ 1.920, en de $ 2.000 markeringen. De niveaus, zei hij, zijn de Fibonacci-extensie, uitoefenprijzen van opties en ronde getallen.

Bitcoin (BTC) på forsiden av Financial Times

Den nåværende Bitcoin-prisrallyt fortsetter å tjene forsiden interesse fra de vanlige media.

Verdens fremste kryptovaluta, Bitcoin, har vært i rampelyset av alle de rette grunnene i nyere tid.
Bitcoin (BTC) har i løpet av de siste par månedene registrert en massiv prisoppgang, og ansporet den langt over den forrige ATH-prisen. Kryptoen 3. januar 2021 ble feiret 12 år siden den ikoniske genese-blokken. Interessant nok oppnådde Bitcoin en ny ATH på $ 34 800 samme dag.

The Financial Times , en internasjonalt anerkjent forretningsavis, presenterte dessuten King Crypto på forsiden. Funksjonen handlet hovedsakelig om Bitcoins stigning til $ 30.000. Spesielt har BTCs nåværende prisrally vært sentrum for tiltrekning i nyere tid.

Mer bærekraftig prisøkning

I 2017, under BTCs første bemerkelsesverdige bull run, avviste mange analytikere prisrallyet som en boble. Slike stemmer sa at oksekjøringen i 2017 ikke var bærekraftig. Det samme kan ikke sies om dagens BTC-prisrally. Vanlige medier, som i stor grad har vært i front for å kritisere kryptorommet, har vanskelig for å være skeptiske. BTCs nåværende prisrally som vises på forsiden av Financial Times er også en klar indikasjon på dette.

Ifølge rapporter forventes Bitcoins prisoppgang å fortsette. Joseph Young påpeker at dette er fordi flere kjøper seg inn i kryptoen og ingen selger.

FOMO (Fear of Missing out) er også enormt fra småskala kjøpere og detaljistinvestorer.

Institusjonelle investorer i forkant av BTC-prisrally

PwCs globale kryptoleder Henri Arslanian kaster mer lys over årsaken til BTCs nåværende prisrally . Interessant er at BTC-prisrally er tilskrevet den økte interessen til institusjonelle kjøpere. Blant disse er slike som MicroStrategy , MassMutual og Square , som har flyttet en stor del av pengene sine til Bitcoin. Kryptoprisøkningen ble også ansporet av påtegningen gitt av flere Wall Street-giganter som Paul Tudor Jones og Stanley Druckenmiller . Ifølge Arslanian har den nåværende BTC-prisen ikke vist noe tegn på å bremse ned.

Trump rejects US cash injection – Bitcoin sinks. Is another setback looming?

A nightly rally in the Bitcoin market was halted halfway when Donald Trump rejected a nearly $ 900 billion stimulus package that passed both the Democratic-controlled House of Representatives and the Republican-owned Senate.

The Bitcoin -to-dollar exchange rate slipped 1.13 percent to 23,554 dollars in the pre-European meeting on Wednesday. Traders worriedly reduced their exposure to the cryptocurrency, in the expectation that a delayed stimulus package would help the US dollar rebound. The greenback is trading above its two-year low.

A delayed law

Technically, Bitcoin’s price movement seemed choppy. The flagship cryptocurrency started the week in negative territory due to profit-taking.

It also crashed when news of a new coronavirus mutation led investors to the safety of the US dollar. Bitcoin Capital coincided with global stocks and gold.

But on Tuesday the price reduced its previous weekly losses by rebounding 4.81 percent. The decline came as the U.S. Senate passed the $ 900 billion stimulus package that would provide crucial economic relief to American households and businesses affected by the COVID-19 pandemic.

Trump refused to sign the law, causing another extension in a bureaucratic process that has already taken months. The president said he would ask Congress to change the details – mostly to increase the direct payment from up to $ 600 to $ 2,000. The Speaker of the House of Representatives, Nanci Pelosi, agreed to this request.

„The Democrats are ready to get this down to the ground this week, with unanimous approval,“ she tweeted. „Let’s do it!“

What’s next for Bitcoin?

Recent moves in the Bitcoin market have trapped the price in a sideways consolidation area. It looks like a bull flag – a bullish continuation pattern that forms when an asset briefly interrupts its uptrend. Its typical result is an upward breakout, with the price increasing by as much as the previous flagpole.

The height of the flagpole is near $ 4,500. That means the best result from the current scope of consolidation is a breakout towards $ 28,500. So it appears that market fundamentals are supporting the upward bias.

Bitcoin adoption has reached a critical turning point with the arrival of institutional capital. Mainstream firms and investors are either buying Bitcoin or recommending their customers buy Bitcoin, given the global inflation outlook, compounded by soaring sovereign debt and budget deficits.

„After years of sleeping behind the wheel, institutional investors are now being shaken up en masse,“ said Cole Garner, an independent on-chain analyst. “If they want this asset, they have to work hard, compete with the crowd, and run FOMO through ATHs. And that against a background of scarcity that you have never experienced before. „

And that’s bullish through and through for Bitcoin.

Le principali previsioni sui bitcoin e altri crittografi nel 2021

Cosa possono aspettarsi gli investitori di bitcoin e di altre valute criptate nel 2021?

Ecco tre tendenze emergenti che potrebbero rimodellare il mondo della crittografia.

Nei suoi quasi 12 anni di storia, il bitcoin – la più antica e grande crittovaluta del mondo – potrebbe finalmente vedere tutte le sue stelle allineate.

Mentre il 2020, storicamente spiacevole, si conclude con il bitcoin che soffia oltre i suoi massimi storici, salendo alle stelle nella stratosfera di 23.000 dollari e oltre, il bitcoin e i suoi numerosi discendenti a catena di blocchi che compongono il settore della crittovaluta sono pronti a iniziare il nuovo anno sulla loro base più forte ancora. Proprio come il bitcoin compie 12 anni il 3 gennaio.

Come riportato da Forkast.News nel corso del 2020, le autorità di regolamentazione negli Stati Uniti stanno creando un quadro giuridico per le valute crittografiche in cui operare – i volti compatibili con la crittografia si possono trovare presso l’Ufficio del Controllore della Valuta, la Commissione per i Titoli e gli Scambi (SEC) e la Commissione per il Trading dei Futures sulle Merci (CFTC). Le banche tradizionali e altre istituzioni finanziarie stanno ora acquistando bitcoin da centinaia di milioni di persone come attività in cui investire. Anche PayPal – in passato un’antica nemesi della cripto-valuta, famosa per aver chiuso i conti con il minimo accenno al fatto di essere stata coinvolta nel cripto trading – ora permette ai suoi clienti di negoziare cripto.

Tempi straordinari. Ma l’encierro del 2020 per bitcoin e altri cripto non significa che saranno liberi.

Si arrivi al 2021. Ecco tre previsioni di Forkast.News su ciò che il nuovo anno si terrà.

1. L’uomo delle tasse viene per le vostre monete cripto

Quando la crittografia raggiungerà livelli record, molte persone cercheranno di incassare e realizzare i loro guadagni in conto capitale. Ed è allora che l’uomo delle tasse vorrà una parte dell’azione.

Dove vanno le balene per ottenere consigli fiscali? Proprio come ogni individuo di alto valore netto, una delle quattro grandi società di contabilità. E come osserva PwC nel suo recente Global Crypto Tax Report, le autorità fiscali di tutto il mondo hanno iniziato a pubblicare una guida molto granulare su ciò che costituisce un evento imponibile. Le autorità fiscali sono interessate a tutto, dal palo criptato e DAO ai prestiti criptati, perché sanno che potrebbero esserci grandi somme di denaro in gioco e vogliono un taglio. Attenzione alle balene e agli influenzatori di crittografia.

Ma PwC dice che c’è ancora molto lavoro da fare, dato che molte autorità fiscali hanno ancora delle lacune nella loro guida.

„Trattandosi di un settore così nuovo, c’è ancora un po‘ di carta bianca quando si tratta di politica fiscale“, ha detto Peter Brewin, Tax Partner di PwC a Hong Kong, in una dichiarazione sul rapporto. „Mettendo in evidenza ciò che le diverse giurisdizioni stanno facendo, possiamo iniziare conversazioni che possono portare allo sviluppo di leggi migliori in questo settore“.

E i paesi con le leggi fiscali criptiche meglio definite? Malta, Australia, Svizzera, Singapore e Hong Kong. Per coincidenza, o meno, le giurisdizioni in cui l’industria si concentra già.

2. 2. Gli scambi di derivati crittografici diventano professionali

Dove si trova esattamente Binance? In un posto che Carmen Sandiego non conosce nemmeno. Dov’è Huobi? Si potrebbe dire Cina, ma in realtà sventola la sua bandiera aziendale alle Seychelles. E Sam Reed, CTO di BitMEX? Arrestato.

Agli scambi di derivati crittografici piace far sventolare bandiere aziendali colorate come quella delle cinque bande delle Seychelles. Blu, gialli, rossi, bianchi e verdi, ovunque tranne che a casa.

Questo non funzionerà per i grandi investitori istituzionali. Hanno bisogno di sapere dove vanno a finire i soldi dei clienti. Giù nella tana del coniglio, o in una società con una struttura simile a quella di una bambola russa che fa il nido, non funzionerà. L’interesse aperto, il numero totale di contratti derivati in essere, sui bitcoin futures attraverso il mercato dei derivati CME è stato recentemente ai massimi storici, mentre il denaro istituzionale si riversa.

Ma non è che i regolatori non abbiano segnalato che sono tutti per le borse di derivati cripto regolamentati. Il presidente del CFTC Heath Tarbert ha detto che i derivati crittografici aiutano a „scoprire il prezzo, la copertura e la gestione del rischio“. Nel frattempo, il piano strategico della CFTC evidenzia la necessità dei regolatori di affrontare i rischi e le opportunità derivanti da ciò che chiamano „materie prime del 21° secolo“.

Che cos’è esattamente la rapina? Il denaro istituzionale vuole investire, le autorità di regolamentazione stanno dando il via libera. Allora perché le più grandi borse di derivati crittografici non entrano in questo gioco? Ci sono ovviamente dei soldi da fare. La negoziazione dei margini di cripto trading.

Il trading dei margini è comune a qualsiasi broker di azioni al dettaglio. La capacità di dare ai trader meritevoli di credito prestiti a basso interesse per comprare e vendere azioni e materie prime crea liquidità extra sul mercato. Ma il mondo non regolamentato del trading di derivati cripto, dove il margine 100x è la norma, è stato preso di mira e richiamato dalle autorità di regolamentazione. Nel Regno Unito, e in altre giurisdizioni, è assolutamente vietato. Ma chi lo vieta? Pochissime persone. Basta una VPN per superare questi fastidiosi divieti. Ma questo non impressiona le autorità di regolamentazione, e persuaderle a stabilire un negozio all’estero e a incoraggiare l’uso delle VPN non farà altro che far scendere le agenzie governative…

If the past repeats itself, Bitcoin only sees steep corrections before new highs

Bitcoin is clearly in a full-blown bull market, with any slump being aggressively absorbed by buyers as it continues to move higher.

In contrast to the BTC rallies of the past, this most recent one has been mainly slow-moving – which shows that Crypto Engine has matured as an asset.

There have been some major pullbacks over the course of this recent surge, but it’s important to note that buyers were quick to undo all of those pulls.

A veteran trader now notes that Bitcoin has seen about 9 major pullbacks averaging 37% during multi-year bull trends

That means the cryptocurrency could see some sharp declines over the coming months and years.

Bitcoin and the entire cryptocurrency market have gotten stronger and stronger by the day.

Bears have tried several times to take control of the digital benchmark asset, but they have absolutely failed.

Where all of the market trends are going to go next depends largely on whether buyers are still able to break through the high resistance levels of the time frame, which are just above current trading levels.

A veteran trader also comments that while Bitcoin has not yet seen strong sell-offs, it is very likely that the cryptocurrency will see some of them in the months ahead, if its macro uptrend continues.

Bitcoin is nearing new annual highs as the bulls show their strength

At the time of writing, Bitcoin is trading at $ 16,650. This is a bit above the recent highs of $ 16,500 that were set just days ago.

If it succeeds in permanently breaking the resistance at $ 16,500 and rebounding towards $ 17,000, BTC could be catapulted near its previous all-time highs.

Rejection is likely here, but it remains unclear how long this level will last as resistance.

Top trader warns: BTC could experience serious setbacks
One veteran trader believes that while price action is incredibly strong, Bitcoin could see some major setbacks in the future while maintaining its uptrend.

He comments that historically, BTC sees around 9 significant corrections over the course of a macro uptrend.

“During the 2015-2017 bull market in Bitcoin $ BTC, there were 9 significant corrections with the following averages: 37% decline from high to low. 14 weeks from one ATH to the next ATH. There have been two 10% corrections since the early September low. „

Binance wants to block American crypto traders more consistently

For fear of legal consequences, Binance wants to increasingly block American crypto traders from accessing its own platform.

Binance founder and managing director Changpeng Zhao („CZ“) believes that in the future he will have to step up efforts to prevent „intelligent“ crypto traders from the USA from accessing the main global platform of his cryptocurrency.

In an interview with Bloomberg, CZ states that Binance “needs to be smarter when it comes to blocking” so that American traders can no longer access the crypto trading platform.

To this end, he stated:

“Actually, we’re always improving our blocking, but there are always a few people who bypass our blockades and use our platform. We have to find a smarter way to block so that we can protect ourselves and actually lock them out. “

Binance, the world’s largest crypto exchange in terms of trading volume, had made its platform inaccessible to US customers from 2019 , as it would otherwise face legal penalties in the United States . So that American customers are not completely excluded from crypto trading, the company then founded the subsidiary Binance.US in cooperation with BAM Trading Services, which has approval from the American tax authority FinCEN and is legally allowed to offer crypto currencies in the USA.

In an interview with Bloomberg, however, Binance CEO Zhao emphasized that Binance.US is an independent company that is only a licensee of Binance’s technology and that the Malta-based crypto exchange supports its marketing.

The reason why American crypto traders prefer to access the trading platform, which is open to the rest of the world, is that the trading volume on Binance.US should only make up a fraction of the volume on Binance. However, it should be noted that trading volumes can often be artificially inflated and do not necessarily reflect actual trading activity. As Cointelegraph reported , even large crypto exchanges have repeatedly given false information about their trading volumes in the past.

Many crypto exchanges have difficulties establishing themselves in the USA, which is primarily due to the unclear legal situation with regard to cryptocurrencies

In addition, there is a risk of serious consequences, which can be seen in the recent civil law indictment against the influential crypto trading platform BitMEX. The American supervisory authority for derivatives trading CFTC accuses the crypto exchange of having unlawfully traded in derivatives.

At the same time, the US Department of Justice has initiated criminal charges against the management of BitMEX, as they are said to have been guilty of money laundering on top of that.

In response to the allegations, the crypto exchange has announced that it will take stricter measures against money laundering.