Price Analysis Mar 25: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO
Cointelegraph
Published Mar 25, 2020 02:16PM ET
Updated Mar 25, 2020 06:00PM ET
The White House and Senate leaders finally agreed to a massive stimulus of $2 trillion to support the economy and Americans who are suffering due to the COVID-19 pandemic. While the equity markets are celebrating with a rally, Binance CEO Changpeng Zhao has projected a bullish figure of $100,000 for each Bitcoin. Zhao believes that with most Bitcoin in the hand of long term holders, even if a small portion of the new stimulus flows into Bitcoin, a market capitalization of $2 trillion is achievable.
Trader Tone Vays sounded increasingly bullish on Bitcoin. He said that if Bitcoin breaks above $6,800, the possibility of it dropping to new lows below $3,800 reduces to 15%. “Going above $6,800 would maybe give me 85% confidence we’re not going to go below this,” Vays said.
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Written By: Cointelegraph
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