4 Big Reasons Bitcoin's Price Will Probably Not Stop at $20k This Time

https://cointelegraph.com/news/4-big-reasons-bitcoins-price-will-probably-not-stop-at-20k-this-time

Some good arguments here:

1) Institutional investment is driving it, not retail. "In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet,"

**2) Network fundamentals better than ever. ** "Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."
**
3) Bitcoin reward halving is still 11 months away. ** "This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."

4) The bigger macroeconomic picture. "...'hodlers' are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term."

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    OrigudeOrigude Reputation: 0
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    The current rally is being largely attributed to the announcement of Facebook's crypto. But this doens't really add up. A FB halo effect would be hype-driven by small retail investors but we aren't seeing that (if you correlate small investor interest to bitcoin Google searches). This means the current rally is actually much healthier than the last one and the $10k level is here to stay in my amateur opinion.

    c8c772e3a2d32a69ed36cc4dd39e0393
    HopeHKHopeHK Reputation: 6
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    right, here's an article with a video supporting the idea the the current rally is Not associated with Libra

    https://www.express.co.uk/finance/city/1145538/bitcoin-price-usd-news-euro-latest-value-stock-today-chart-buy-cash-dollar

    The idea here is that the rally is based in world politics, people hedging against trade wars and the possibility of real wars

    7b6d31eb700be367ba20901e2c3b8d36
    Hans2000Hans2000 Reputation: 0
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    The rally may have started out as institutional investors, or whales running it up. But it looks like FOMO kicked in and a lot of retail investors jumped in just in time to get slammed with a 16% price drop in one day.

    fcd38353c8ec04debf6295586e31c1f4
    DNXDNX Reputation: 14
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    They are right it won't stop at $20k. It will stop at $12k. Now is NOT the time to buy as far as I'm concerned.

    338a361a7645a96ca03e3cde3dfefabd
    JDav19JDav19 Reputation: 1
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    Two articles out today with exactly opposite predictions from experts. In other words, nobody has any clue.

    New Research Shows Why the Bitcoin Price May Skyrocket Later This Year
    https://www.forbes.com/sites/ktorpey/2019/07/07/new-research-shows-why-the-bitcoin-price-may-skyrocket-later-this-year/#464f98ab7477

    Trader Who Called 2019 Rally Says 80% Correction Possible
    https://cointelegraph.com/news/bitcoin-price-trader-who-called-2019-rally-says-80-correction-possible

    0a55801992e963dd8228041865dddc10
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