Bitcoin is trying to break the $25k resistance. If you repeatedly hit a stone with a hammer, it breaks one day or the other. And right now this is what happening with bitcoin price and it seems like resistance will be broken soon. Last week bitcoin tried to break the $25k resistance and it failed. Our next target would be $27k to $28k. So this is the summary of bitcoim price.
Since last 3-4 days some cryptocurrencies are pumping and most of us not even noticed. Most of these coins are chinese coins an if you are doing trading on binace then you should have noticed that first they increased 50% and now they are moving up side by 100% and this is happening Continuous. Coins like IRIS, BEL, ACH, CFX, DODO, LINA, KEY, NEO, IOST, LEVER and CKB are performing very well.
Other side, when you check other coins that are not performing well but these coins running like electricity. Everyone have similar question that why these coins are pumping. Do not try to enter now in these coins because they are already pumped a lot.
The important reason behind this pump is very interesting and one expert saying that this time bull market will start from east. We have seen always that bull market start from west but this time it is totally reverse. Most of the Asian countries come under East. Now the main reason is hong-kong will legalize the cryptocurrency from 1st june and somewhere it is directly connected with china.
So you can say that hong-kong will be a crypto hub. I think china want to experiment honkong with crypto. There are lots of things are banned in china but at the same time those people are active and ahead in these banned fields. So whatever china is doing right now, it's beneficial for crypto community.
These all things are happening so the banks of hong-kong investing money in these coins. And I think this is big reason behind it. Otherside I can relate this event with recent binance issue with US and may be somewhere this can be a reason because you know binance's CEO CZ is the chinese citizen so extreme level things are happening in the market. Everyone trying to prove that we are best and that is why they are playing games.
Whatever is going on but our target must be a take profit from the different situations in the market. There are many chinese related coins are there and by doing reasearch I have found it but I am not gonna share it with you because I don't want to give any financial advice here but If you should want to do this by your own risk then do a comment below then I will give you that coins list. So there are chance of massive pump in these coins but big risk involved too.
Thank you for stopping by do share and reblog.
Lucky Ali
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| Hi I am lucky ali from gujarat, india. I am crypto enthusiast, blogger and SEO developer. I always interested to learn new things and getting new experience. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |