At these extreme heights you would expect the bears to put up a fight, but all the opponents of BTC have been vanquished, we can actually first head to 80k before we see any meaningful correction. When CNN calls for a cme gap at 25 k, the price can only go up xD CNN usually gives the wrong advice.
There are several factors at play, the dxy does influence the BTC price, but the Euro can also boost the BTC price. So when the ECB has to print trillions to pay for the corona lockdowns this money will most likely go to BTC and than into the alts.
When Europe goes out of the lockdown the DXY will tank further fuelling BTC.
This year I do expect BTC to land between 150k and 300k.
The hyperinflation of the dollar and the euro seems to seep into Bitcoin, this is the best new the crypto community could possibly wish for.
There are several factors at play, the dxy does influence the BTC price, but the Euro can also boost the BTC price. So when the ECB has to print trillions to pay for the corona lockdowns this money will most likely go to BTC and than into the alts.
When Europe goes out of the lockdown the DXY will tank further fuelling BTC.
This year I do expect BTC to land between 150k and 300k.
The hyperinflation of the dollar and the euro seems to seep into Bitcoin, this is the best new the crypto community could possibly wish for.