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6 months after a first embodiment

The biggest Bitcoin encryption money today will create its first green candle if there is no last-minute move after a six-month loss line.

Some analysts interpret this as the turn of the Bitcoin bulls. Bitcoin traded at $ 3,400 at the beginning of February; The price was about $ 4,200 per month, but I could not keep it here.

Bitcoin Monthly Chart, Chart: TradingView

On the one hand, the new developments are emerging every day about Bitcoin. For example, a few days ago, one of the oldest and largest Swiss banks, Julius Bar, announced that it would begin to provide money services in encryption for its clients.

At the beginning of the week, Nasdaq, the second largest stock exchange in the world, added two new price indexes for Bitcoin and Ethereum while preparing to offer Bitcoin and encrypt the futures of money to be traded on the stock market.

Mati Greenspan, an experienced market analyst at eToro who spoke with Forbes, said, once. The last eight months have already been called düş crypto money winter for and how prices have fallen, it is understood that large financial institutions have extracted some of the cryptographic projects. Now there are signs that the market is coming in spring and these plans are brought back to the table. As a result, these companies do not want to miss the next bullfight. Sound

In the coming months it seems likely that every world's wallet administrator can easily access Bitcoin and other cryptographic currencies to make or sell investments, "said Greenspan, who valued the corporate participation of Bitcoin.

On the other hand, in the technical aspect of Bitcoin at the beginning of the week, it was discovered for the first time after four years. For the first time since April 2015, the 50-bit Bitcoin mobile media has fallen below its 100-week moving average. Some analysts commented that Bitcoin had reached the bottom and could start a new bullfight in a few months.

Different developments that can affect the price of Bitcoin

There are also different developments that may affect Bitcoin prices expected by market observers in 2019. Bakkt and Bitcoin ETF are two of these developments. Although a Bitcoin ETF will not be launched in 2019, Intercontinental Exchange, the parent company of the New York Stock Exchange, will open encryption coins in a larger market with the Bakkt platform, the first Bitcoin delivered physically and other cryptographic products developed in collaboration with Starbucks and Microsoft.

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