BEST & WORST for BITCOIN is OVER, For Now!

It's been barely two months since both the CBOE and CME have engaged in the Bitcoin exchanges. While we've probably seen the initial highs marked near the 20k levels and a secondary near 17200, it is a fair assessment that these highs can now be called good price reference on the high side.

Meanwhile, aside from where all these prices came from, the rapid decline from these highs have made it clear that the first low near 9020 and the secondary low marked at 5870 low likewise serves as the initial base price to consider. The wide range established between its high and low simply means that the price action on Bitcoin price swings may well still be in triple digits in both directions. Substantial enough for speculative day traders out for a quick bite of the market but not excempted from the risk of loss at the same time.

Observing preice movement and market behavior since the two major exchanges opened and how well the prices of bitcoin have remarkably been well tamed from where volatility kicked off a couple of years ago. In simple terms, the hot market have cooled off with both exchanges participation have dramatically paved the way for much of the oderly transactions that we see today. But not without a price to pay, as we see the price of bitcoin has been sliced to more than half of the range it has to day.

Although, the price range between 8k and 12k could well be considered a fairly priced level of transactions as it navigates itself for a long period of consolidation. It so happens that the length of time that Bitcoin would have to narrow that wide gap until such time it can break out of the consolidation phase. The random price swings can go in both direction, but at least with a short price reference slightly over a month could still prove to be a good reference for short term trades based on its technical perspective. Don't expect to make the same type of returns it once had. Even the way that GBTC already did a split 91-1 that would not give the same levels.

Choosing between classic or Futures trading on bit coin would really depend on investor / traders goals and objectives. As both carry a higher degree of risk and capital to start with regardless leverage or not, the risk involves a higher degree of loss with an equivalent reward at stake as well.

For those who have already been holding on to whatever amount or price of bitcoin then, consider futures market as a strategy to protect the holdings against any adverse future price fluctuations. And simply make use of whatever available methods the market has to offer to enhance and improve your portfolio or trade positions.

Be a smart tactical investor / trader and outmaneuver the market

at its own game. 

With CLASSIC, FUTURES and BLOCKCHAIN Relative ETFs Market it can only get better over time as the global market evolves around technology driven innovations continue to move forward.