BTC: Road to the 70,000$ Following the cycle, BTC is heading into new highs. IT'S THE ROAD TO THE 70,000$ . Many economic indicators can help us confirm that:
1- With the Fed holding interest rates , DXY is now bearish although the US economy is recovering.
2- Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds, giving BTC more importance on the global markets.
3- The US government is still printing dollars, following the historical $ 1.9T stimulus . That's 7% of the US debt's size.
4- An overall sentiment that Bitcoin has a great future and that it can compete other currencies including the US Dollar.
Will it reach the $ 70,000 ? Let's wait and see while enjoying profits !
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MacroForex
