By Mark L- Cryptocurrency Professional - 31-07-2021
Another Q4 bull run could be rising again, as the Bitcoin (BTC) price rebound clings to its 23% weekly gains.
Analysts believe Bitcoin is gearing up for a new spike in price, potentially seeing a replay of the bull run in 2017. Many crypto enthusiasts are comparing this rally as Bitcoin gradually regains its April value to the famous bull runs of the past. Analysts see repeated patterns with the coin giant's price movements and are predicting another significant bull run.
With highs of up to $42,400 in July, the crypto coin market shifted back to a bull run for Bitcoin investing, also referred to as a "supercycle." Since the beginning of the crackdown in May, Bitcoin has been working hard to recover from the price drop, but last week's price gains turned out better than anyone could have thought.
Surprisingly, instead of witnessing yet another significant drop with the crypto market investment, BTC price action has maintained its gains, which at the time of writing is a total of 23% in a week.
BTC/USD just surpassed its 21-week fast-paced moving average, which one particular analyst, Rekt Capital, called a "time-tested bull market indicator." He suggested that we have seen this repeated pattern before with the popular crypto coin and anticipates similar future behaviour.
Analysts and crypto professionals aren't the only ones showing the same increase in Bitcoin activity. Strong hodlers who have not been selling Bitcoin from their portfolio have regained control at new levels that no one has seen since Bitcoin's current all-time high of $64,500 in April.
If you are looking to Buy and Sell Bitcoin but you’re not sure where to invest? You can head over to BC Bitcoin where you can safely make your investments when you register an account with us today!
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