According to the analyst of the OKEx crypto exchange Robbie Liu, Bitcoin (BTC) may soon return to the $ 42,000 mark.
Downside risks are weakening, creating conditions for a quick resumption of the rally. On Monday, February 8, BTC is trading at around $ 38,850.
The largest digital currency at the end of last weekbroke through above $40,000, but was unable to maintain its positions. Robbie Liu predicts not only a quick return to $40,000, but also reaching $42,000.
He emphasized:
«The ratio of long and short positions wasturbulent and fluctuated throughout the week from 1.07 to 1.53. Although prices continued to move higher until the ratio returned to last Friday's high of 1.8».
Now this figure is 1.2, notedanalyst at OKEx and added that the long / short ratio compares the total number of crypto traders running long and short positions. When the ratio is low, it indicates that more traders are holding short positions, that is, they are betting on a decrease in price.
As soon as the coefficient exceeds 1.2, then it ismeans the appearance of «bullish» market sentiment. There is an increasing number of investors betting on the price of Bitcoin to rise over the next few sessions.
Where is it more profitable to buy bitcoin? TOP-5 crypto-exchanges
For a safe and convenient purchase of cryptocurrency, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that supportDeposit and withdrawal of funds inrubles, hryvnias, dollars and euros.
The most reliable platforms with the largest cash turnover have been for several yearsthe largest cryptocurrency exchange in the world is Binance.Binance is the most popular crypto exchange in the CIS, as it hasmaximum trading volumes 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?
| # | Cryptocurrency exchange | Official site | Site evaluation |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | OKEx | https://okex.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
| 5 | Yobit | https://yobit.net | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— 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 — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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