Post
Topic
Board Speculation
Re: Bitcoin's Next Major Move - Crypto Market Analysis
by
philipma1957
on 09/08/2020, 09:29:50 UTC


Bitcoin's Next Major Move - Crypto Market Analysis

Bitcoin is at a critical juncture. A breakout of $10,500 is likely to result in a vertical rally to $12,000 Crypto Market Analysis



It may even increase to $ 14k in a few days. The price of bitcoin has been skyrocketing over the past few days, I don't know if this is a trap or is the value of bitcoin actually rising. Given the current general economic situation is not good and the price of bitcoin is rising, isn't that unreasonable? I don't feel this is plausible according to fundamental analysts, I am afraid that bitcoin will fall in the coming days.

I think people are wising up to BTC as a way to flee the USA.

Many far left and many far right fear the election and are stashing wealth into BTC just in case.

Thus price is rising.

Trump busted a move yesterday which means the USA gov will be printing some more money so many fear USD will take a fall.