Global escalated tensions may effect Bitcoin price.

Global escalated tensions may effect Bitcoin price.

By Snow Under Sun | SnowUnderSun | 5 Oct 2019


Majority of us look technical analysis and some of us make own TA also.

We all look news about crypto such new partnerships, new road maps, new listings, et cetera..

 

Technical analysis is important but also some non-crypto related can have much bigger effect on Bitcoin and other crypto currrency prices.

 

Let's look what is going on in the world.

 

1 - Hongkong unrest :

Massive unrest and protests in HK for many months increased the demand to Bitcoin and others from its citizens. If it will become more violent or if annexed by China, increase on demand to crypto is possible.

 

2 - Impeachment possibility of Trump :

It currently seems possibility but any further development about make this case more serious , I expect unclear political situation will increase demand to crypto ( also to gold ).

 

3 - War with Iran :

In a war between the U.S and Iran, gulf can closed for maritime shipping. China imports significant amount of petroleum from there. China's strategic petroleum reserves can last for 90 days. In any case of blocked shipping, Chinese economy will have significant problem on production. It will effect the value of Yuan and massive demand to Bitcoin from Chinese people is possible.

 

4- Restart printing of U.S Dollar by FED :

FED will increase emission of dollar by 65 billion USD. increased money flow to market can partially create additional demand to Bitcoin.

 

 

 

 

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Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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