Re: Can bitcoin break the $8000 margin before month end?
According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.
I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
It's all just ETF hype and possibly some manipulation that utilizes this hype. 8k can be reached if the public will be convinced that ETF will get approved, regardless if it's true of false. It can happen with some insider leaks followed by pump. On the other hand, if there will be more rumors about the rejection of ETF, the price will drop back to 6k in a matter of hours. Also, the market might remain stale until the day of announcement, or at least until the end of this month. To me 8k doesn't look very likely now, I'd say there's a 35% chance.