This is why BITCOIN (BTC / USD) Can continue to Rise until reaching an ATH in 2021. Microstrategy bought more Bitcoin

We will see a graph that may be telling us that in the medium term Bitcoin is bullish

We will see

Today I bring you this graph that shows the balance of the Exchange wallets in more detail.

The less bitcoin there is to sell, the price would have to go up.

Let's analyze what is happening with the supply of Bitcoin in the exchange wallets

Investors today are buying Bitcoin at these prices, after the correction we had days ago investors are buying bitcoin

Today 3636 bitcoin were withdrawn from the exchanges, at the time of doing this analysis

Analyzing what happened in the week

Investors kept buying Bitcoin at these prices and withdrawing them from the exchanges' wallets. In week 12782 Bitcoin were withdrawn.

Microstrategy bought another 5050 BTC.

5050 BTC is not a few dollars, and it is good news. These purchases of Bitcoin from large investors are the ones that have brought the price up to $ 60,000

If they start to buy at 45,000 dollars, they know how important Bitcoin is going to have in the future and that its value will continue to appreciate.

Big investors start to pass their savings or earnings to Bitcoin

Analyzing the graph in more detail of the balance of the Bitcoin exchanges

We see in the graph that it corresponds to periods in bitcoin outflows from exchange wallets (brown line) with periods of rise in the price of bitcoin (green line).

In the last correction, when the price touches 30,000 again, it is remarkable that before a purchase of a large investor of 100,000 bitcoin, which were withdrawn from the exchange, he could no longer correct the price.

In the last week we saw a price correction but investors have not sold massively either before or after the drop. On the contrary, they have continued to accumulate and the price has turned upward.

If the same trend continues, the price of Bitcoin should continue to rise in the medium, a long term that could give us a new maximum in the price of Bitcoin in 2021.

What do you think we will see an ATH in 2021 or 2022?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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