Don’t Be Spooked By Bitcoin’s 15% Drop, Now Is The Perfect Time To Make Profits

Bitcoin has been falling heavily with the global stock markets at the beginning of 2022, as concerns about the possible effects by the ongoing macro-inflation trends and continuous crackdown of regulatory policies.

However, Bitcoin price managed to stay above the $35,000 zone and started a recovery wave on January 24th. BTC climbed above the $36,000 resistance zone to move into a short-term bullish zone. It is very likely that bulls are trying to drive the price up or investors are deciding to take profits for now. $38,200 is a very strong support for bitcoin. If bulls manage to take over this level, the next support would be $40,000.

Meanwhile, three facts suggest that bitcoin’s price will continue its increase.

Institutional Money is Starting to Come Back

In its weekly Digital Asset Fund Flows report, published on Monday, crypto investment firm CoinShares observed inflows for some institutional products. It is the first time in five weeks that there has been a net positive inflow as $14.4 million re-entered the space with investors buying the dip. The researchers reported that these inflows came during a period of significant price weakness, adding that this suggests investors “are seeing this as a buying opportunity” at current price levels. Analyst Willy Woo also suggested it was early signs that institutional funds are starting to return.

Bitcoin Mining Becomes More Sustainable

The Bitcoin Mining Council (BMC) announced the findings of its fourth quarter survey on Jan. 18. The survey focused on three metrics: sustainable power mix, technological efficiency and electricity consumption. The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021 according to new data. The industry’s estimated technological efficiency grew by 9% as well, to 19.3 petahash per MW. “We saw the trend continue with dramatic improvements to Bitcoin mining energy efficiency and sustainability,” said the founder and CEO of MicroStrategy Michael Saylor on January 19th.

Indicators Guided Buying the Dip

The crypto fear & greed index has plunged to a six-month low of 12 out of 100 on Jan. 25. This index is used by many investors to decide whether the dip is present, because many short-term investors like to “buy the fear, sell the greed.” 

Bexplus Analysts point out that bitcoin could be mimicking the moves during May to July 2021, when the crash of the stock market took bitcoin down to $29,500. Then bitcoin bounced back and reached its all-time high. 

How to Maximize Money from Bull Run?

100 times futures trading is one of the most popular tools to grow your wealth. You can benefit from price swings to earn money by speculating the direction of crypto’s price. What’s more, 100x leverage will magnify your profits by 100 times!

For instance, if you use 0.1 BTC and 100x leverage to long bitcoin at $35,000, when bitcoin rises to $40,000, you will earn ($40,000 – $35,000) * 10 BTC/$40,000 = 1.25 BTC, making the ROI of 1250%.

Bexplus is a leading crypto derivatives platform accredited by MSB (Money Services Business). Bexplus offers 100x leverage in BTC, ETH, ADA, DOGE, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over one million traders from over 200 countries/regions, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support. 

Why Trade on Bexplus?

● 100% Bonus to Help You Maximize Profit

Double deposits, double profits. Users can get a 100% deposit bonus for every deposit on Bexplus. If you deposit 1 BTC, 2 BTC will be credited to your account, and the profits gained with the bonus are withdrawable. 

● 21% Interest Wallet

When you are not trading, you can put BTC in the Bexplus wallet and enjoy an annualized rate of up to 21%.

● No KYC, No Information Leakage

Registration only requires your email confirmation and will only take a few minutes. Upon registration, you will get a real trading account and a demo account with 10 BTC for practice. 

● No Deposit Fee and Fast Withdrawal

No deposit fee is required, you can start your deposit at 0.001 BTC. To withdraw your deposit, you only need to file the request and confirm it by email. Withdrawal is 24/7 and it can take as less as 1 hour during work hours. 

● Mobile App

How to take a break from trading when bitcoin trades around the clock? The top-ranking Bexplus app on Apple Store or Google Play helps you better manage your account. With the 24/7 notification, you can stay updated with the market.  All data and assets can be accessed through all kinds of devices including desktops, mobile phones, and tablets.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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