FX-Finances

Bitcoin Weekly Forecast BItcoin’s next target is $70,000

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BITSTAMP:BTCUSD   Bitcoin
-Bitcoin had a great rally this week reaching a new historical high at over $61,000 helped by the U.S. dollar's weakening after the Federal Reserve 's FOMC statement.A corection started droping it's price to $56,000 at the moment of writing, but the daily trend is still bullish with it's next target to over $70,000

-Bitcoin keeps getting attention from big players as there are more and more big investors in the cryptocurrency

-Morgan Stanley which is one of the biggest U.S. banks is now also the first major U.S. Bank to offer it's wealthy clients acces to buy Bitcoin.Morgan Stanley will launch access to three funds that will enable it's clients to own Bitcoin.
For now, the bank is only allowing it's bigger clients to access the volatile asset, considering that it's only suitable for people who have at least $2 million in assets held by the firm.Companies would need at least $5 million at the bank in order to be able to access the funds.

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