OTCbid - Bitcoin has stalled, but here’s why pro traders still expect $80K by January
" Bitcoin’s price has hit resistance while trading 7.75% below its all-time high, but derivatives data shows pro traders are still aiming for $80,000 by January.
Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it will prevail. For example, those analyzing the three-month Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that was initiated in late June.
Bears will also always find ways to justify their views despite the fact that Bitcoin has hit new all-time highs following the United States consumer price surge to 6.2%, which is the biggest inflation surge in 30 years.
However, data from on-chain analytics firm Glassnode shows that long-term investors have stopped net accumulating and are now diversifying into altcoins. According to analyst Willian Clemente, the recent net selling from that class of investors was the first in six months, signaling a “sell into strength” move.
It is worth highlighting that the Bitcoin network was upgraded on Nov. 14 to improve the scripting and privacy capabilities. From a trading perspective, this creates a potential “sell the news” event, as the improvement was largely expected by the community.
500K-1M BTC SELLER IN GERMANY
" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."
-10 Gross, -5% Net, Wire Transfer, F2F, L2L, B2B, Deutsche Bank, Germanybai
Buyer Mandate Only
NEW: 500K-1M BTC @ -10% gross, -5% net, Wire Transfer, F2F, L2L, B2B, Deutsche Bank, Germany - Look For Buyer
(Seller : PIFZ QAH-Gail)
A seller is selling 500K-1000K BTC @ -10% gross, -5% net
Buyer = 5%
Sellerside = 2.5% (closed)
Buyerside = 2.5%
First tranche = 10000 BTC
Subsequent tranche = 50K BTC
BUYER SIGNS THIS AGREEMENT AND SENDS IT ALONG WITH A LETTER OF COMFORT FROM BUYER’S BANK CONFIRMING THAT BUYER HAS THE ABILITY TO COMPLETE THIS BTC PURCHASE AND SALES AGREEMENT.
SELLER SIGNS THIS AGREEMENT WITHIN TWO  BANKING DAYS AFTER RECEIPT
BOTH PARTIES LODGE AGREEMENT WITH THEIR RESPECTIVE BANKS.
SELLER BANK ISSUES PERFORMANCE BOND (AS PER SAMPLE EXHIBIT C) WITHIN FOUR  BANKING DAYS FROM THE DAY THE AGREEMENT SIGNED BY THE BUYER WAS RECEIVED BY THE SELLER COVERING THE PURCHASE PRICE OF THE FIRST TRANCHE BTC TO THE BUYER.
BUYER BANK VERIFIES THE PERFORMANCE BOND AND TRANSFERS EURO CASH EQUIVALENT TO SELLER BANK ACCOUNT WITHIN TWO  BANKING DAYS (ISSUER OF PERFORMANCE BOND) FOR THE TRANCH VALUE THEN TO BE EXECUTED AS PER ANNEX A.
SELLER CONFIRMS THE FUNDS WITH HIS BANK AND CREDIT THE BUYER’S WALLET WITH 10,000 BTC, BUYER CONFIRMS THE COIN VIA BLOCKCHAIN 6 TIMES CONFIRMATION AND NOTIFIES ALL PARTIES.
SELLER PAYS ALL BROKERS AND DISCOUNT TO BUYER BY BTC / FIAT ACCORDING TO THE IMFPA LISTED IN “ANNEX C”.
NEXT TRANCHE CONTINUE UNTIL CONTRACT EXHAUSTED.
BUYER MANDATE ONLY
Interested parties should contact :