Bitcoin Cryptocurrency Price Analysis

Bitcoin Sees 2.5% Price Pump On Binance at a Certain Time Everyday. Get More Details

Bitcoin
  • Bitcoin (BTC) sees 2.5% price rise on Binance everyday
  • Once Bitcoin claims a Box, it does not go down again

Bitcoin (BTC) market trend since the start of the week has been wowing and jaw-dropping. What more could be used to describe the tremendous pattern maintained by the king of cryptocurrency. In a rapid progression, Bitcoin moved past $6,300, $6,400, and $6,500 in the last 30 hours and analysts have opined that the cryptocurrency is now witnessing buying pressure in the market.

In line with the decentralized nature of the industry, the price of digital currencies varies from one exchange to another. Recently, it was noticed that Bitcoin (BTC) traded outrageously on Bitfinex with over $300 price ahead of other major exchanges, and this resulted into the exclusion of Bitcoin prices provided by the exchange on CoinMarketCap.

However, a CNBC counter trader, Jacob Canfield, after a short-time surveillance of Bitcoin’s trend on Binance exchange, revealed that about 2.5% is added to the value of the cryptocurrency on the exchange at a particular time everyday.

Jacob announced that the price pump takes at 8pm (Daily opens) everyday, after a previous statement where he erroneously said it takes place at 7pm.

Jacob, with an analytical graph segmented by 2.5% price spacing, stated that once Bitcoin (BTC) clinches a higher box at the specified time, it remains resistant to any downward force that can drag down into a lower box.

In response, a twitterati, Frankie Figz, said he completely agrees with the assertion made by the CNBC trader. He said he has also managed to detect the same event.

Figz added that around 11pm Eastern Time, a tremendous upward or downward movement is also witnessed.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Khalid Lawal

Lawal Khalid is an avid entrepreneur and a peace advocator. He takes time developing expertise in journalism, and he has significant contributions at Arianna Huffington's Thrive Global, Oracle Times, Coin Gape and a host of other notable news publications.

Owing to his long time interest in innovative technology, Lawal cut into the blockchain world, and he has been unearthing meaningful investigation as well as noteworthy blockchain researches.

Khalid sits at the helm of NewsLogical.com as a full time journalist and a senior market analyst.

Email: lawal.khalid@newslogical.com

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