Great analysis imo!
https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/My key takeaways:
- More and more people are using crypto as a way to diversify their investment portfolio
- Brexit is a mess and this only helps Bitcoin
- The trade war is a mess too and this only helps Bitcoin
- Price patterns favor a $20,000 bull-run by the end of the year
- There is a massive FOMO sentiment amongst crypto enthusiasts
Thoughts?
Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.
Let's hope it breaks the $20K barrier quickly when it starts rising and don't keep just below that mark. I think $20K is also a psychological barrier. If that's breaks it can grow bigger