DiegoMuniz

Bitcoin can be reach extraordinary prices U$750k or till U$1.5M

Long
DiegoMuniz Updated   
BITSTAMP:BTCUSD   Bitcoin
If it happen an exorbitant rise in prices should be unleashed by the one important geopolitic event. A huge liquidity supply probably will enter bellow the top resistance, around U$750k (white arrow line, top of historic channel).

And it depending of what will be the geopolitic event prices can till scape from the white channel, reaching in indicate green arrow, around U$1.4M e U$1.8M replicating 2012/2013 bull run

This analisys probably not will be rigth, but if happen, will you be prepared ?
Comment:
"China urges families to keep stocks of daily necessities ahead of winter" - Reuters. It can be one maneuver of Comunist Party for prepare people for closing south sea of China caused for one military operation involving the siege and invasion of Twaian. In this hipotetical scenario the south sea of chine would be militarized like an war zone airspace causing blockage of all commercial vessel navigation generating high scarcity and accentuating inflation worldwide what it can be the drive for huge ascending moviment in the Bitcoin price
Comment:
Another probability that looks interesting: Russia starts military actions against Ukraine --> United States ban Russia of SWIFT --> Russia and your allies starts a new model of interbank clearing using Bitcoin as settlement backing --> Bitcoin rises to targets between U$750k and U$1.8M --> United States bans Crypto business --> Bitcoin drops below U$200k. Put your eyes on this
Comment:
Beware: Massive sanctions against Russia could push the Russians and their allies to create an alternative system to Bitcoin-based swift. This could be the drive for a big hike in bitcoin prices.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.