CME BTC Futures affect on Bitcoin Price
Since CME futures which started in December 2017 Bitcoin prices stayed under 10 - 10.5k.
See the Bitcoin Calendar here: cryptocalendar.pro/events/bitcoin
We had something similar happened with Gold, Silver price since the "FUTURES" started in Mid 2011.
See gold chart after when futures start in Mid 2011
See Silver chart after when futures start in Mid 2011
So what we don't know here is that these big exchange trying to regulate the bitcoin market using Bitcoin Futures.
See more info here: cointelegraph.com/news/bitcoin-headed-for-100000-or-100-ceos-big-investors-and-harvard-economist-predictions
I tried to find more information about Futures started in Mid 2011 to get a confirmation but i still couldnt find more
information about this.
Finally I know that Correlation is not Causation but this is something that we need to be aware of i guess.
See the Bitcoin Calendar here: cryptocalendar.pro/events/bitcoin
We had something similar happened with Gold, Silver price since the "FUTURES" started in Mid 2011.
See gold chart after when futures start in Mid 2011
See Silver chart after when futures start in Mid 2011
So what we don't know here is that these big exchange trying to regulate the bitcoin market using Bitcoin Futures.
See more info here: cointelegraph.com/news/bitcoin-headed-for-100000-or-100-ceos-big-investors-and-harvard-economist-predictions
I tried to find more information about Futures started in Mid 2011 to get a confirmation but i still couldnt find more
information about this.
Finally I know that Correlation is not Causation but this is something that we need to be aware of i guess.
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