Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Goodcat49 on February 12, 2019, 11:45:17 PM
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The leading digital currency by crypto market capitalization, Bitcoin, has been struggling to survive in the tough conditions of a prolonged bear market. With traders losing their last hope, Chinese Bitcoin bull predicts a large upward movement to $740,000.
Could it be a Coincidence?
It seems to be a strange coincidence that the recent decline of Bitcoin, which began in early January, just as Venezuelan bonds started to increase in price in the hope of Juan Guaido becoming a reliable substitute for Maduro. The first serious references to Guaido took place on January 5, but they did not receive real power until January 10. Bitcoin was changing hands above $4,000 on January 9th and dropped to $3,360 last week, before it jumped up on Friday. Venezuelan 7 percent bonds due in 2038 traded at 23 cents per dollar on January 9 and rose to 32 last week. They decreased over a week as bitcoin price grew.
At the end of July 2018, the Turkish Lira fell by 40% in just a couple of weeks. Bitcoin lost around 25% in approximately the same time period when it went down from more than $8,000 to $6,000. Furthermore, North Korea also seemed to follow such a model. While the tension around the nuclear threats and economic punitive reactions of the United States increased, the Bitcoin price fell as well.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bull-run-cryptocurrency/
(https://coinidol.com/upload/resize_cache/iblock/aa5/900_900_1/aa5d4187391d4ff5c956cc38a867658c.png)