Analyst: BTC could surge up to $17,000 once this crucial time is over
Kenny Stevens – Cryptocurrency Enthusiast
The COVID-19 pandemic has influenced finances worldwide, including that of cryptocurrencies, resulting in a recession. Although Bitcoin has increased in value by over 60% since the beginning of 2020, it has also undergone some exceptional plummeting prices during the wake of the most testing COVID-19 outbreak in the middle of March.
Key Highlights
1. For the past few weeks, Bitcoin has been caught trading sideways.
2. That culminated in a relatively wide range of exchanges from 11,200 to 12,200 dollars.
3. Crypto investors that buy Bitcoin kept a keen eye on a dip under the bottom of this range as a strong upswing follows every visit
4. Analysts now remember that BTC will position itself to see even more short-term gains
5. These gains could lead to a price increase of up to US$ 17,000 – according to one analyst.
For Bitcoin and the aggregated crypto market, it has been a week of mixed exchange. Ethereum was able to split up its trading line after a long consolidation, while Bitcoin stayed below its primary short-term resistance. Hardly much to provide an insight into the development of the whole market. There are a handful of Bitcoin price predictions which exhibit BTC’s promising future made by some of the renowned Bitcoin advocates:
Altcoins also have a shortage of trends, some of them rocketing up as more buy altcoins, while others drift down. Many believe it can only be a matter of time before it breaks out of its current trend line and leads the entire industry.
For a great place to Buy and Sell cryptocurrency, head over to BC Bitcoin, the UK’s most trusted Bitcoin broker.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards