Here is why April may be the best month yet for Bitcoin price - page 3.

virasog

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Quote from: mamamu111 on April 04, 2021, 05:53:36 AM

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/04/04/here-is-why-april-may-be-the-best-month-yet-for-bitcoin-price/

The US dollar had to get weaken because of the stimulus checks being issued. When you print a currency too much, its loses it value and people look to find alternative to transfer their wealth to sources which are safe. Bitcoin is the best way to store your wealth. This was expected when the US first announced about the stimulus money.

cheezcarls

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Quote from: mamamu111 on April 04, 2021, 05:53:36 AM

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/04/04/here-is-why-april-may-be-the-best-month-yet-for-bitcoin-price/

I can see that Bitcoin may realistically reach $100k by the end of this year. Bitcoin’s $60k+ price last month already exceeded my expectations. Large institutions continue to adopt Bitcoin by any means necessary, as they don’t wanna be left out. However, the tax deadline is this month, so I might expect a little pullback (correct me if I’m wrong though) before we can see new all-time high of Bitcoin and may push forward even further.

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What the article says falls within the scope of what is expected. The massive printing of the dollar has a direct relationship with the price. Furthermore, and this is not said in the article, companies are increasingly realizing that the best protection they have against currency devaluation is Bitcoin. It then goes on to say that April is usually a good month for Bitcoin, but that is a pattern of the past that need not remain so. While I quite like the April price prediction of $83k, I expect the price to be that or higher.

mamamu111

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The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/04/04/here-is-why-april-may-be-the-best-month-yet-for-bitcoin-price/

Topic: Here is why April may be the best month yet for Bitcoin price - page 3. (Read 517 times)