$20,000 Bitcoin is Not so Far!

in #bitcoin5 years ago

Bitcoin has recently surpassed $12000 mark and the mark sentiment is turning bullish over the past week.

Bitcoin Investors have been waiting for Bitcoin  to surpass the All-time High $20000 mark .

This is not so far away But WHY?

There major reason that support this statement is that,

The Global Economy is about to face a recession, the global traditional market are now facing a severe crisis.

 Dow Jones and Nasdaq fell by 2.9% and 3.4% .

And Bitcoin rises up by 10% in the last few days.

This clearly show that the clever investors are moving their money from the traditional markets into the crypto market.

Just think of this , 

If a fraction of traditional investors decide to enter the crypto market after the recession has more or less begun, that liquidation would very easily drive the price of Bitcoin above $20000. 

it would just take a matter of days before this happen.

Another Reason I say this is that China has recently approves Bitcoin as a virtual investment and China is turning Bullish on the cryptocurrencies.

Recently a lot of volume has been recorded on the Chinese exchanges  than usual.

These 2 Factors will be clearly enough to send Bitcoin back to the all time high $20000.

Just HODL.

Make sure you Follow me HERE

See y'all in my next post!

BYE!



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Yo, it looks like you might be into crypto stuff. Hope this comment reached you well.

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Figured you might like more crypto related channels on Steem. Have a nice day!

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Hello @nithishfloopz!

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Hi and welcome here! When I started on steemit, my biggest problem was to find interesting people to interact with. So, to help newcomers getting started I created a directory with other interesting and or talented steemians to follow or interact with. Feel free to check it out at https://www.steemiandir.com I am sure it will help you find like-minded people. Enjoy your stay here and do not hesitate to contact me if you have any questions!


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Yeah the sentiment is obviously bullish

Hey nithishfloopz! If you would like to make your personal feed contain the top trending media and talking points of the whole internet, consider following @coffeebreak and @topicstoday accounts - And welcome to Steem!

Welcome to Steemit nithishfloopz. The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. You should also check out DTube and DSound for starters and if you're a gamer, Splinterlands! There are many other cool apps but I can't list them all here, there's just too many! But I'd also like to mention Steempeak, it's a better blogging platform that has a lot of cool features. The latest project you should also check as a new member is a palnet! Welcome to the blockchain! :) Oh, and if you're interested in creating your own tokens or smart contracts, check Steem engine!

Welcome to Steemit nithishfloopz. The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. You should also check out DTube and DSound for starters and if you're a gamer, Splinterlands! There are many other cool apps but I can't list them all here, there's just too many! But I'd also like to mention Steempeak, it's a better blogging platform that has a lot of cool features. The latest project you should also check as a new member is a palnet! Welcome to the blockchain! :) Oh, and if you're interested in creating your own tokens or smart contracts, check Steem engine!

Hi, welcome to SteemIt. Good luck on your Steem journey and I wish you the best. I've been here since 2016 but it was only last month when I fully committed to take Steem seriously.
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Cheers
Neil

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