BitcoinLong
BTC - Rising on more White House Spending
Look at the blue circle on this chart. Do you know what turned BTC around here? The passage of the $1.9 trillion spending bill in the House of Representatives in Washington.
More government spending means long-term devaluation of the USD, and that means everything that trades in USD will get a boost... including BTC, gold, silver, stocks, etc.
So what's next? This $1.9 trillion spending bill needs to pass through the Senate, which it is expected to do next week. So we can expect BTC to get another boost when that happens. From there, it will be on a fast-track to 100k by the spring.
Also, the yellow line is the anniversary of the 2013 peak. The purple line is the anniversary of the 2017 peak. According to these prior peaks, we could see 100k BTC before the end of this year.
More government spending means long-term devaluation of the USD, and that means everything that trades in USD will get a boost... including BTC, gold, silver, stocks, etc.
So what's next? This $1.9 trillion spending bill needs to pass through the Senate, which it is expected to do next week. So we can expect BTC to get another boost when that happens. From there, it will be on a fast-track to 100k by the spring.
Also, the yellow line is the anniversary of the 2013 peak. The purple line is the anniversary of the 2017 peak. According to these prior peaks, we could see 100k BTC before the end of this year.
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