A big tip for forecasting BTC’s future pricing trend in a short-term
The cryptocurrency industry has further entered a bear market as the price of BTC is rapidly falling again, which is unfriendly to BTC holders. How can investors know where the price of BTC is going to be in the coming period? In the previous article, we elaborated on MP’s dual currency investment, but here is a tip to simply predict the future direction of BTC price trend.
As the products rate showed, the BTC index was around 20,750. In the Dual Currency-BTC-U perspective, BTC holders were willing to spend more money to lock in 20,500, fearing that BTC would continue to fall. In the Dual Currency-BTC perspective, speculators are buying options for less money than BTC holders are spending in BTC-U. So at this point, the entire market expects BTC to fall.
Therefore, when the BTC index is in the middle of the 2 linked price, it is possible to tell whether BTC will go up or down by the annualized yield of BTC and BTC-U dual currency finance. In this case, BTC will continue to decline.
Written by CryptoSharpe
