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?
Brexit and US-China trade war has been brewing for years, but we haven't seen any positive news on the price of bitcoin. So I'm not buying that because we have looming financial crisis in the corner, it will equate to the price pushing to $20k levels at the end of the year.
FOMO is already inside, specially when we hit the $10k. If there's FOMO, then we need something very positive to come in the market, so far we only have the Bakkt news, less than a week from now but still we haven't seen the FOMO as others have been expecting.