kaspertrades

Bitcoin met a brief correction - next stop; $50,000?

Long
kaspertrades Updated   
BITFINEX:BTCUSD   Bitcoin
$32,000 seems to be the low for BTCUSD these times. I think we'll see the price trying to break through ATH soon. ๐Ÿ“ˆ

  • In the bullrun in 2017, we saw the public being somewhat ready for mass-adoption but people are having even better opportunities to buy BTC now. ๐Ÿ™Œ๐Ÿฝ

  • Furthermore, huge hedgefunds and banks are not actively shorting Bitcoin like they have done before. US banks are hedging by holding huge amounts of cryptocurrency. ๐Ÿ˜…

  • FED is printing a tremendous amount of dollars to back the coronavirus relief-packages, which obviously means higher inflation. This gives BTC an advantage. ๐Ÿ–จ

If you have any ideas or thoughts about my chart or Bitcoin, let me know! I'd love to hear other peoples opinion on the matter ๐Ÿ‘๐Ÿฝ

If you want to support my work, please consider using my referral ID when you register on Binance:

11366025

Comment:
Tesla Inc. bought 1.5 Billion USD worth of BTC.

Elon Musk keeps on talking BTC up, which leads to a lot of hype.
Comment:
1 major news is going to send the price skyrocketing, liquidating all the doomers who are shorting rn. Wait and see..
Comment:
Trade closed: target reached: The great news surrounding BTC doesn't seem to influence the price as much.

I've made a new post where I will follow Bitcoin in the future. This was just a trade, that I obviously crushed ๐Ÿš€

Target hit! โœ”๏ธ

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