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?
CBDCs can't be a reason for boosting bitcoin's usage or its price. The only reason can be the upcoming halving which would happen in next 14 days. Even if we don't see it happening just as yet, it will definitely work positively post the current Covid-19 situation. The liquidity in the market has to increase in order to achieve growth and with current situation it doesn't seem to be possible!