The US Dollar Hyperinflation Will Likely Propel The Bullish Movement Of Bitcoin

BB7A38AAADE541CEB08CE5701579DD77.jpeg
source

The current USD dollar hyperinflation will propel the bullish movement of the king crypto bitcoin, in the quest of what is going to happen to bitcoin before the next bullish movement begins. A popular crypto analyst is giving this prediction that the king crypto bitcoin will print what he regards as the bullish low of $20,000 before a sizable bullish movement will be witnessed.

Benjamin Cowen says that the more optimistic scenario would be that if this is sort of like a deviation to the downside [BTC at $16,000], maybe see this deviation to the upside [BTC at $30,000] for a while. It stays around here [$30,000] and then comes back in, puts in a higher low and then rallies on up.

That would sort of be the more optimistic scenario. You might say, ‘Well how is that the more optimistic scenario?’ This is more what I would consider realistic. Even in 2015 you had two false breakouts. In 2019, we ended up coming back into a slightly higher low. So I don’t know why we should assume this time is going to be any different in that regard.

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance Beta



0
0
0.000
3 comments
avatar

There should be a pullback, then another upward move, although it is important that it breaks the 30k resistance, if it does, we would see a great bullish pump.

0
0
0.000