The RMB breaks through 7, Litecoin is halved, and Bitcoin will cross $15,000 this week?

On August 5, Beijing time, the USD/RMB exchange rate “broke through 7”, the market risk aversion sentiment rose, and Bitcoin rose above $11,000, an increase of more than 6%, a new high in August. At the same time, Litecoin will be officially “halved” around 18:00 today. Analysts believe that Bitcoin Cohen plans to cross the $15,000 mark this week.

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Max Keiser, a former Wall Street trader, cryptocurrency analyst and host of the RT show Keiser Report, said he believes Bitcoin will break $15,000 this week.
In a tweet published on August 3, Keiser stated that he “feels like Bitcoin will hit $15,000 this week.” He further stated that confidence in central governments, central banks, and centralized fiat currencies is at its lowest level in decades. He noted:

“I had faith. So I burned another $10,000 to buy coins. Correlation does not equal causation, but as long as I burned a few thousand dollars, the price of BTC would rise significantly.”

Bullish prediction

Keiser’s prediction appears to be in line with a recent report from digital asset research firm Delphi Digital, which states that macroeconomic conditions are creating the “perfect storm” for a bitcoin price rally.
The report says:
“First, and arguably most importantly, there has been a sharp shift in sentiment among global central banks toward more dovish monetary policy. The Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China, and many others are preparing market participants for more rate cuts and additional stimulus to keep the current economic expansion going.”
As Cointelegraph reported in June, when Bitcoin’s price surpassed $11,000, Keiser led a pushback against Bitcoin naysayers, primarily targeting gold enthusiasts, after several investors claimed that Bitcoin was inferior to gold despite its outperformance.
That same month, he also commented on Bitcoin’s hash rate hitting an all-time high, saying that hash rate is a good indicator of price trends.
According to market data, as of press time, Bitcoin has broken through $11,500, with a 24-hour increase of 6.7%.