The popular cryptanalyst DataDash on YouTube predicts that Bitcoin (BTC) will reach $ 15,000–20,000 in the next couple of weeks. Surely, this forecast will cause excitement in the crypto space.
Nicolas Merten, a young investor with libertarian views, believes that bitcoin is gradually becoming a hedging tool during global liquidity crises:
“I believe that in a few weeks the range [from $ 9,000 to $ 12,000] will be a huge discount, then we will begin to gain momentum and perhaps move on to $ 15,000, $ 18,000, or $ 20,000. I think that’s exactly where we are going, and the reason for this is in the macro environment. ”
If global financial problems are not resolved and the price of bitcoin continues to rise, financial institutions will have no choice but to offer BTC to their customers.
JP Morgan Chase vice president and former Wall Street trader Ton Weiss believes that in the short term, bitcoin will remain bullish, especially its price will stay above the $ 11,000 mark. His views were supported by Josh Rager, although he said that due to increased volatility, everything can change in the blink of an eye.
“Currently, on higher timeframes, the BTC price is on weekly support. As long as it holds above $ 11,000, I don’t worry about re-moving to $ 9,000 and below. It’s much more risky to be a bear right now. ”
$ BTC price currently sitting at weekly support on higher time frames
As long as price holds above $ 11000, I'm not really that concerned about revisiting $ 9ks again or lower
It's far riskier being bearish at this point in time
Take it day by day & week by week pic.twitter.com/MzpFRb3ogq
– Josh Rager ? (@Josh_Rager) August 7, 2019
Publication date 08/08/2019
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