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Market commentator Miya has outlined an interesting theory about why The Bitcoin price Is ready to reach $ 110,000 by the end of the year. The expert referred to the current macro conditions and how it prefers the Crypto flagship at the end of the day.
Why the Bitcoin price will reach $ 110,000
In An analysis With the title ‘The Big Short Against Retail’ Miya predicted that the Bitcoin price would reach $ 110,000 by the end of the year. At the same time, the expert expects the S&P 500 to fall to 4,700. She was of the opinion The stock market goes to a bad summer, so she expects a lower layer on the SPX, but a “unspoilt” bitcoin.
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In short, Miya expects the Bitcoin price to benefit from any potential downward trend on the stock market, whereby investors consider it a flight to safety. She noticed that the market is on its way to a terrible macro situation, so that shares can crash. These predictions came when the expert commented on the nine consecutive green days that shares enjoyed and why she believes it will not take long.
The market commentator noted that Donald Trump has done three main promises to the market: lower rates, rates and taxes. It is expected that these promises will be kept and she claims that the market will certainly appreciate them. Traders currently bet on a rate reduction in June, while the US and China are ready to agree a lower rate. Lower taxes can come after a successful rate policy.
Thanks to this, the stock market is on a nine -day upward trend, while retail traders have made a profit by buying the dip. However, Miya has warned that the market is not as strong as it looks and can blow up quickly, with the Bitcoin price that benefits when it takes place projected crash.
Why the stock market will certainly crash
The expert noted that this gives false idea of alone Retail investors The illusion of complacency, as they now make with their bid of $ 57 billion at the top of the shares of the retail trade. However, she noted that this will eventually unfold with the “containership recess trade” that will hit the US within five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price frames.
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Miya explained that all ‘Beautiful 7‘The income in the past season is enormously skewed and were’ useless information ‘, which means that they cannot be trusted to show a strong market. She added that TMT companies that produce physical hardware that usually produce in waves, so the actual effects will appear in their H2 -Capex about Q1 results, which means that the impact of rates did not start exactly.
At the time of writing, the Bitcoin price acts at around $ 96,500, an increase of more than 2% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Pixabay, graph of TradingView.com