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?
Don't forget the Bakkt launch hype and the Facebook Libra effect should be taken into account. Now people are dumping coins for profit after the Bakkt launch. I think the bitcoin price got pumped because of two things which are: the Bakkt launch and Facebook Libra ICO. The Bakkt is launched and Facebook Libra has no official date of the ICO/IEO