Bitcoin has hit its bottom and is poised for an imminent rebound

The price of Bitcoin (BTC) on Sunday, April 25, remains just below $50,000. The coin is trying to contain the pressurebears, but the risks of a new pullback are still high.

A report from the WhaleMap team, which analyzes the behavior of whales, says that Bitcoin should have found the bottom around $55,000. At this level, large investors purchased about 263,000 BTC.

Accordingly, they had to support the cryptocurrency so as not to go into the red. Drop below $50,000 — This is a very alarming signal for the market, researchers say.

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Trader William Clemente tweeted that we are only now approaching the very bottom that observers are talking about so much.

Clemente drew attention to the decline in the SOPR indicator. Now this indicator is very close to negative values.

This suggests that we are close to reaching the lower border of the current correction. After that, a rebound will inevitably occur. However, it is difficult to say yet how powerful the new expansion will be.

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One of the factors creating conditions for a trend change is a decrease in sales from mining pools. From the beginning of April, miners stopped selling bitcoins and switched to accumulative tactics.

This behavior of the pools will help ease the pressure on the market and change the dynamics of the movement of BTC.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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