Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in China’s Wuhan.
Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.
All of that led to an oil price collapse below zero on Monday. In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.
‘Bitcoin may hit $20,000 any time’
Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world. The situation is unpredictable for any assets now.
As an example, he refers to the crude oil futures price suddenly dropping below zero. The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.
Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.
Source: https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything
