EUR/USD Outlook Hints At Massive Rally For Bitcoin (BTC) In The Weeks Ahead

The future outlook of Bitcoin (BTC) is looking brighter in the months ahead as EUR/USD is likely to begin an aggressive rally as early as this week. It has already bottomed out over the past few weeks and is now ready to climb towards February, 2018 levels. This forecast has got many thinking whether such a parabolic rise in EUR/USD would also mean that Bitcoin (BTC) would repeat the 2017-18 cycle instead of trading sideways for the next few years. Well, we believe that to be the case because things are happening at a much faster pace than before. Commodities in general have never been this undervalued against stocks in over 50 years! Bitcoin (BTC) is also classified as a commodity.

So, if we think about commodities gaining against stocks, we can expect that Gold, Silver or even Oil will have their rallies in the months and years ahead but this is not what all of this is about. First of all, if commodities were to rise against stocks to complete a correction to the upside, that would mean putting a stop to growth and the expansionist style of economy we have witnessed over a long period of time. As that cannot happen, it has to be Bitcoin (BTC) and the cryptocurrency market that will replace the stock market with commodities that can also serve as stocks. So, this way, the growth will continue and the innovation will lead to a new market.

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The post EUR/USD Outlook Hints At Massive Rally For Bitcoin (BTC) In The Weeks Ahead appeared first on BlockBoard.

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