Three Significant Events Bound to Influence the Crypto Market
There are many challenges ahead for Bitcoin and the other crypto coins. There are many news to come which will surely impact the price of Bitcoin.
Right now the price of Bitcoin is trading at $66,000 and going to retest its support level of $58-$62K.
There are many events this year which will take the price of Bitcoin even to the moon or it will again see a huge crash to reach $25,000.
The purpose of this post is not to make you people scared but rather to share an information in advance so that you can take a good strategy position in order to avoid losses.
There are 2 major events that will happen in this year. First one is Bitcoin halving which is around 2 weeks to go.
The second event is the Us general election and the third Event is FED interest announcement.
More probably the price of Bitcoin and and other crypto coins will go upside in the event of Bitcoin halving and FED rates because these are 2 positive events.
But if I talk about US general election, which is going to happen in this year is somehow make trouble for Bitcoin and other crypto coins.
The main reason is because the government can impose some hard rules for crypto or Bitcoin which will surely give a tough time to bitcoin.
I hope all these 3 events will end in positive and to help to take the price towards new all-time high.
THANK YOU!
Posted Using InLeo Alpha