We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
This website does not provide services to residents of United States.
Market News Bitcoin Completes Consolidation, but No Fomo on the Horizon

Bitcoin Completes Consolidation, but No Fomo on the Horizon

In the last day, Bitcoin has increased by 4.4% to $20.2K, with the NY session seeing the most of the rise.

Jimmy Khan
2022-10-27
321

微信截图_20221027105158.png

Market Image

In the last day, Bitcoin has increased by 4.4% to $20.2K, with the NY session seeing the most of the rise. It's interesting to note that growth did not accelerate in early Asian trade as it usually does. On the other hand, careful profit-taking was becoming more popular.


Currently, the bullish image that we previously forewarned of is visible on the daily charts of BTCUSD. A growth impetus on bigger volumes has emerged from the falling triangle's resolution. As a consequence, the price rose beyond the 50-day moving average and earlier local highs, closing the day at $19.6K.


Bulls should be conscious of the fact that the present scenario is more similar to February 2019, when the cyclical low was crossed. However, a FOMO rally has not yet materialized, as it did in October 2020, when a significant bullish surge in cryptocurrencies began.

News context

The founder and CEO of Eight, Michael van de Poppe, predicts that bitcoin will reach $30K as early as November. The fact that the asset is leaving centralized exchanges is another factor supporting BTC's potential increase.


58% of family offices and high-net-worth investors in Singapore and Hong Kong want to invest in cryptocurrencies, according to the auditing company KPMG. Despite the enthusiasm, wealthy investors only hold a limited percentage of their portfolio in crypto assets (less than 5%).


The rising link between the prices of gold and bitcoin is noted by Bank of America. Due to the cryptocurrency's restricted supply, there will be a rise in demand for BTC.


On Tuesday, Rishi Sunak, a proponent of cryptocurrencies, was elected prime minister of the UK. He was known for his sympathetic treatment of digital assets during his tenure as Chancellor of the Exchequer.

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free