The price gap when CME Futures is another BTC Bull Signal before the Halving
The enormous volatility, with dwindling momentum from the weekend, Despite the signs are good that the Bitcoin (BTC) to close in the current week Futures gap of $ 1,200 in the case of CME and the threshold of 10,000 USD will
The course of developments in the Bitcoin are now positive. On the weekend, he experienced a decline of over 15 % within a few hours. More than 1,700 USD the price broke. Saturday and Sunday, the BTC price dropped from well 9.800 USD to less than 8.100 USD. The result of the contract trading platform BitMEX the Liquidation has increased dramatically, especially Long positions showed a significant increase to more than 260 million USD in the financial statements.
Contrary to the negative gradients, but many analysts expect an increase in the Bitcon price on more than 10,000 USD in the current week of the next Halvings.
Bitcoin in the recovery phase of the Futures gap be closed?
On the Chicago Mercantile Exchange (CME) had the BTC exchange rate today, Monday, compared to CME Futures is a significant discrepancy in the amount of about US $ 1,200 on at the Moment of the opening. Such a difference is there on weekends so far, of which on stock exchanges traditionally, there is no trade.
On Friday, the CME Group closed at a price of roughly 9,800 USD its doors. At the opening on Monday morning, the leading crypto-currency was moving at about 8.600 dollars. Not unreasonably high, but this fall is not necessarily, when it comes to the “BTC-cops”. You could stay on the basis of historical price data, in conjunction with previous Halvings still positive.
Especially: Such differences between the Futures rates and the BTC price at the CME are not unusual, and more of an indicator in terms of bullish interest rate expectations. In the past Bitcoin were prices are usually in line with increasing/decreasing CME Futures rates. A well-known market research study from 2019 suggests from the investors ‘ point of view, also, that distances are compensated in the week after the formation of such gaps to 77%.
In the result, this may well mean that the only hours away, Halving a high probability of in the week will the course lead to an increase in the amount of $ 10,000.
Bitcoin Hashrate approaches the all-time high
A course reversal is in the light of the developments of the network Hashrate in the System of the Bitcoin all the more likely. As an important Fundamental indicator of this value seeks to be close to all-time high. It was only booked last week, when the BTC-price a movement of 10,000 USD.
The analysis platform Blockchain.com points in the network activities with a view to an increase in Hashrate in the System, despite the collapse of the crypto-currency over the past weekend. According to a value of 109 TH/s on the 09.05.2020 the Rate rose to 136 TH/s.
In the past 24 hours, the Bitcoin price fluctuated to a Low of 8,300 USD. Thereafter, however, the price saved on a Stand of 9,000 US dollars. From the psychologically important level of it came afterwards to increase to more than 10,000 US dollars. But: The support at a level of 8,000 USD is an important starting point. There, the trading price was at the 11.05.2020 11:59 (UTC).
