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Bitcoin Price May Surpass Its All-time High of $22,000 within One Year

Published on: 03/27/20 4:42 PM

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Category: Newsletter

The fourth week of March 2020 seen some dramatic moves in the market. Bitcoin price is now trading above $6,500 in preparedness for an expected price surge. Dan Morehead believes BTC price will exceed its all-time high. Similarly, Gold has been trading strongly all week. Its current market price is close to $1,730. Forex Broker comparison service, FXBrokerFeed, brings you the latest news updates and comments in the FX Broker Market.

Bitcoin Price Surge Happening Soon

Bitcoin has remained strong in the market this week amidst the looming economic crisis caused by the coronavirus epidemic. The digital asset, which dipped drastically recently, is now trading above $6,500. Experts believe that it is only a matter of time before its price skyrockets. The CEO of crypto hedge fund Pantera Capital, Dan Morehead, is one of the people that believe BTC will rise soon. According to him, Bitcoin will break its all-time high of $22,000 in just one year. He thinks the ongoing crisis in the economies of the world is a catalyst for a long-term bullish movement. Currently, Bitcoin seems to be ranging, a setup that may consider is the wake of a new price movement. Many traders are watching the market closely so that they can enter the market early in the event of a major price movement.

Gold Now Trading Near the $1,630 Price Mark

A few days back, the price of Gold dropped extremely. It was at the time currencies, stocks, futures, and more lost hugely against the US dollar. But, the price has since reversed, with Gold now approaching the $1,730 price zone. While many say a lot of factors are responsible for the reversal, experts say that the Bulls reacted well to the dip. Technical indicators like the SMAs provides data that make many people believe a long-term upward trend is looming. Today’s traders need a dependable way to navigate through the ever-changing world of Forex trading. FXBrokerFeed brings to you relevant information about FX Brokers and currency pairs 24/7 and is an essential tool that will help improve your trading performance. Start your 30-day free trial today!