Crypto Exchange OKEx Pounds the Table on 34% Bitcoin Price Surge

Crypto exchange OKEx believes the bitcoin price will surge 34% to $14,000 this year, thanks to a little help from the Federal Reserve. | Source: Shutterstock

By CCN Markets: Crypto exchange OKEx isn’t concerned that the bitcoin price appears to have hit a wall just above the $10,000 mark.

In fact, the industry giant believes BTC will surge another 34% to $14,000 before the end of the year, thanks to a helping hand from the US Federal Reserve.

#Fed is expected to signal a further rate cut at today’s Jackson Hole Symposium. An OKEx #analyst gives a $BTC target by this year’s end. 📰 More insights: https://t.co/Krun0cIal7

— OKEx (@OKEx) August 23, 2019

OKEx Explains $14,000 Bitcoin Price Target

OKEx predicts that the price of bitcoin is on track to move higher in response to global monetary policy, which seems biased toward easing in light of fragile economic growth.

The cryptocurrency exchange said:

“With additional rate cuts on the horizon and global central banks are jumping on the…