Over the past few days, and especially on Tuesday, Bitcoin (BTC) has caused a surge of joy among crypto enthusiasts, as it was able to exceed first the threshold of $ 11,000 and then $ 12,000 again. At the time of this writing, BTC was trading in the green zone (CoinMarketCap data), showing the value at $ 11,614.
According to the BTC price chart, analyst Joe McCann predicted that by the end of August 2019, the main coin in the cryptocurrency market could reach the level of $ 17,000.
“According to McCann, the last crossover of this type occurred at 52% and 61% of the previous price. This time, Bitcoin can go to a 60% rally, which, according to calculations, will raise the price to $ 17,000, ” Smartereum reports.
At the same time, some analysts still show pessimism regarding the price, expecting a pullback to $ 8,000, although today's chart may indicate a completely different vector.
Max Keyser expressed the opinion that this week BTC will exceed the mark of $ 15,000. In his opinion, distrust in the management of fiat currencies will only push the BTC rate up.
Negative sovereign debt = default.
A global sovereign debt default is underway. This is * much * bigger than 2008 GFC.
Money printing about to go hyperbolic. #Bitcoin $ 100,000 is now a dead certainty as is Gold $ 10,000. https://t.co/abZE3PMrFB
– Max Keiser, tweet poet. (@maxkeiser) August 3, 2019
Kaiser is now convinced that ultimately BTC will reach $ 100,000 , as debt with negative returns for the first time increased to $ 14 trillion.
“Negative sovereign debt = default. Global sovereign debt default is in full swing. This is a larger event than the 2008 global financial crisis.
The issue of money is about to become hyperbolic. Bitcoin for $ 100,000 is no longer in doubt, as is gold for $ 10,000, ” Kaiser tweeted.
Publication date 08/07/2019
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