Hi Friends
As per my study bitcoin should touch level $40,000 very soon.
Below are the point because of which I am sure for Bitcoin at $40,000.
Huge Loan distributed in USA - recession is expected as money is very less in the system.
Trade War Between USA and China - USA imposed more taxes on imported goods to restrict money going out of the country. Result USA Dollar is getting strong and other currencies are going down in comparative to US Dollar.
USA Stock Market is near all time high, huge chances that it get crashed when people stop trading with USA and Recession will come.
Other Countries market is also going high European markets and Asian Market are also trading near to all time high, there is chance that market go down soon.
Nasdaq is also planned now to launch its own crypto exchange where people can invest money into crypto like bitcoin.
Hence : If USA market and other global market crash people will take out there money and they will invest their money some where else which they see a scope going high, So Crypto is the best option for people to invest, this is the reason why I am thinking that bitcoin can touch $40,000 very soon.
What time frame is soon exactly? Personally i think we can go even to 60k but it will take some time. It takes time to build momentum FOMO.
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Yes you are right in FOMO this market can also touch $60,000, however i am expecting minimum 40,000 by end of year of earlier 2019.
hope for the best august is always trend changing now from here i am expecting the same this year as well.
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In the stock market september is usually the worst month. All kind of bad things tend to happen in september. But the correlation between stocks and cryptocurrency is not that high. So it shouldn't be the case for crypto perse.
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I think this right we are also expecting the same that bitcoin should reach at $40,000 even more then that by end of this year. thanks for detailed study.
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