14.05.202015:00 Forex Analysis & Reviews: BTC analysis for May 14, 2020 - Strong resistance at the price of $10.000 is on the test. Watch for potential downside rotation towards the level at 1.0775

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

BTC News:

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets.

In ablog post, the platform claimed,

"Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC."

It means that 60% of BTC buyers on Coinbase are going into altcoins eventually.

In total, it claims that "over three quarters" of its customers "eventually buy other assets" – namely altcoins. Furthermore, Coinbase says its customers "trade non-BTC assets at a roughly 3% higher rate than their relative market caps would suggest."

Technical analysis:

Trading recommendation:

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade