Bitcoin markets have been on the up currently as stability hits markets solidifying bullish conditions which may remain for a fortnight. Considering past analysis recommended shorting the market current market conditions differ greatly as market sentiment remains positive and traders contribute to the current upward rise of Bitcoin prices.
As seen in the chart below after a fairly calm mid week the current day has seen prices propel up to current levels of $617. Trading volume has remained stable over the past few weeks increasing significantly as prices made a recovery to support levels of $610 and higher. Pivoting around the $606 mark on many exchanges prices have remained firm and stable over the past 7 days.
To conclude I would strongly recommend purchasing Bitcoin under current market conditions and market regulation’s. Although we have discussed the various regulations that countries have attempted to impose Bitcoin growth remains on the up as the decentralized nature allows for a fully investor controlled market. Good news has propped up prices as investors react to the Russian exploration into blockchain technology and revel in the claims that John Mcafee will operate a mining operation worth 5 petahashes. With this huge addition of resources soon to be powering the network it may be a good time to purchase some Bitcoin as I would give it a buy signal under current conditions.
You can purchase Bitcoin via the NairaEX exchange, Nigeria’s leading exchange, and have it delivered within a matter of hours. A simple signup process and 24/7 dedicated customer representatives will ensure that your transactions occurs seamlessly.
Disclaimer: Any advice given throughout the article does not represent the views of the site or the author. The author has holdings in Bitcoin. Losses can exceed deposits when trading with Bitcoin and the site cannot accept responsibility.