Bitcoin Is Heading to $125K!
Is the United States Ready to Embrace Bitcoin?
Bitcoin is done testing and confirming the $58K — $74K Range! The leading cryptocurrency is now ready to head straight to $125,000 before the year-end!
During the past months of March and April, we witnessed Bitcoin rise all the way to its ATH of $73,800 and fall to $56,500, respectively. In fact, Bitcoin has been trading between this range for an entire month. Now, after testing and re-asserting its strength, Bitcoin is ready to completely blow-pass this range and explore a new trading range.
I expect Bitcoin to post a new ATH of $85K by June of this year and move past $100K as we approach the third quarter!
The rise of Bitcoin will largely be catalyzed by the ease of credit on the part of the Fed as the bank is forced to cut interest rates in the face of rising unemployment, inflation, and exploding national debt. In fact, the Fed has already begun to cutting rates, using Quantitative tools.
The FED Balance Sheet Slowdown!
This week, we witnessed a softening on the part of the Fed as Chairman Powell announced his decision to ease on Quantitate…
