its been stated now, that during April, if BITCOIN can remain above $7700, we are looking at $8500 as the next stop. If countries slowly eliminate COVID completely, will it help boost bitcoins price even further or serve to deter bitcoin from increasing?. This is when the governments have no more COVID to worry about and focus on rejuvenating their economy. They would start implementing their own CBDC and digital currency like China probably this year as well. Will this be the true cause of the fall of bitcoin, or will bitcoin and crypto be integrated into their banking system?
Even prior to the Covid-19 pandemic, China have plans already to roll out their CBDC, maybe the crisis just just put more pressure on them and hurriedly releasing in ahead of their schedule. So that argument is flawed already. As for the price pushing $7700, maybe the block halving has something to do with it, or whales are simply manipulating the price again, we can't really tell the reason for the sudden uptick in the last one week or so.