Bitcoin on $ 109,000 – billions of purchase Trump Media not enough for Bullmarkt

The Bitcoin Koers shot to $ 110,000 yesterday, after Trump Media announced an investment of 2.5 billion dollars. That too was not enough for a definitive breakthrough of the course. Bitcoin has since fallen back to $ 109,000.

Why is Bitcoin not able to break through definitively?

When does the Bitcoin bull market start?

The fair answer is that there is still too much uncertainty above the market for a sustainable bull market. A short imbalance in supply and demand can cause new price records, as we saw last week.

But for a long period of increases with convincing new price records, the underlying situation must improve. And with the underlying situation it is currently about the trade war.

Although the European Union also receives a delay from Donald Trump, an agreement must ultimately come to the table. Until that time, companies are in uncertainty and, but also the consumer, they can make little or no plans for the future.

Especially for companies it is currently difficult to make large investments, so that the economy is in certain points in the pause position. That does not immediately ensure a recession, but does cause a lot of resistance to the financial market.

At the same time, we recently saw the interest rates on the Japanese bond market explode. That problem seems to be carefully remedied again, but also causes a bit of uncertainty. All in all, that is probably too much for the start of a new bull market.

Worries about Japan remain relevant

Although the interest rate in Japan went down again yesterday, after the government indicated that it wanted to publish less long -term government bonds, bad news came again this morning.

The government organized an auction of government bonds with a duration of 40 years and there was little demand for that. It was about the worst result in about one year.

Little demand for Japanese government bonds means that interest rates are rising, making it more attractive for capital to flee to Japan. In theory, this can cause pain in the United States, and put pressure on the stock market and bitcoin.

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