Where is Bitcoin headed after breaking through $60,000, and how does the global release of water affect the bull market?
Bitcoin (BTC) operation suggestion:
Bitcoin (BTC) operation suggestion:
1.59600-59800 enters the market with multiple orders, default stop loss, target 61500-61800
2.58000-58400 enter long order, default stop loss, target 60000
Ethereum (ETH) operation suggestions:
1. 1780-1800 entry layout long order, default stop loss, target 1890-1900
Bitcoin Cash (BCH) Operation Suggestions:
Bitcoin Cash (BCH) Operation Suggestions:
1.561-563 enters the market with multiple orders, default stop loss, target 586-588
Wright (LTC) operation suggestion:
Wright (LTC) operation suggestion:
1. 230-232 entry layout empty order, default stop loss, target 210-212
Why Can Bitcoin Break Through $60,000?
Du Jun, the co-founder of Huobi Group, analyzed that: BTC breaks through 60,000 US dollars, the main reasons are, first, the passage of the 190 million stimulus bill in the United States, a new round of release of water has started, and investors are concerned about the currency caused by previous inflation. Concerns about tightening expectations of the environment have been resolved. BTC has experienced a sharp correction before, that is, the market is not optimistic about inflation. The current policy has been implemented, and the previous excessive decline has been corrected. In addition, the news said that French members of Congress signed a petition urging the central bank to buy Bitcoin. Bitcoin, Bitcoin is gradually going mainstream,
On March 12, U.S. President Biden signed the $1.9 trillion new crown bailout bill—the "American Rescue Plan" (American Rescue Plan), marking the bill's formal entry into force. And this plan includes direct relief for U.S. residents, extended unemployment insurance, and subsidies for state and local governments.
The medium-term economic outlook report released by the Organization for Economic Cooperation and Development (OECD) on March 9 has greatly improved the US economic growth expectations. The report predicts that the economic growth rate of the United States in 2021 and 2022 will be 6.5% (3.2% in December last year) and 4.0% (3.5% in December last year).
Second, Microstrategy continues to purchase Bitcoin, and maintains a bullish view on Bitcoin. The attention and recognition of Bitcoin by large listed companies is gradually increasing, and funds are still flowing into the BTC market.
Since March, MicroStrategy has twice announced that it will spend $15 million and $10 million to buy Bitcoin. As of March 1, 2021, the company has purchased a total of approximately 90,900 bitcoins for a total purchase price of US$2.186 billion, with an average purchase price of approximately US$24,100 per bitcoin.
Thirdly, Bitcoin has continued to hit new highs this year. Individual investors in the market have a strong FOMO sentiment, and they have also joined the ranks of buying Bitcoin, injecting funds into the market to promote the rise of Bitcoin.
