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Bitcoin Price Prediction 2020
Bitcoin Price Prediction 2020

Bitcoin Price Prediction 2020 – Part 1

Bitcoin Price


JANUARY 13, 2020 / 16:15 UTC

LONDON (Fintech Zoom) – Bitcoin Price Prediction 2020 – After a rejuvenating 2019, it appears bitcoin is on the rise once more. While its underlying market is virtually inscrutable—billions of dollars shuttle between traders in the black market—there is one fundamental change on the horizon.

October wasn’t all bad news for Bitcoin, however. From October 24 to 26, the Bitcoin price leaped from $7,300 to $10,350. This shift followed Chinese President Xi Jinping making a commitment to developing China’s blockchain technology.

Also around that same time, Chinese authorities reiterated their pledge to crack down on illegal cryptocurrency exchanges. This talk was discouraging, but not new. The world had already heard this type of threat from China in 2017.

By the end of the year, the Bitcoin bull market seemed to remain intact. The Bitcoin price had doubled since the beginning of 2019. Also, May of 2019 proved to be Bitcoin’s busiest month ever, with nearly 12 million BTC transactions that month.

 

Bloomberg analysts predict: $14,000.00 – Bitcoin Price Prediction 2020

Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its 2019 range and retest the $14,000 high at a time when a weak dollar and stock market volatility continue and geopolitical tensions increase.

 

MarketRealistic: $13,880 – Bitcoin Price Prediction 2020

Bitcoin has demonstrated the ability to bounce back from almost anything. Therefore, a retest of 2019’s prior high mark of $13,880 seems like it might be in the cards in 2020. I’m looking forward to new records breaking and new technologies developing as Bitcoin brings us another exciting year on the blockchain.

READ  Brazil's Shutdown of WhatsApp Pay May Spark Large Demand For Bitcoin as Foreign money

 

WalletInvestor:  $10,723.46 – Bitcoin Price Prediction 2020

How high will Bitcoin go? BTC is a very good long-term (1-year) investment. The Bitcoin price can go up from 6702.160 USD to 8386.730 USD in one year. The long-term earning potential is +25.13% in one year. According to present data Bitcoin (BTC) and potentially its market environment has been in a bullish cycle in the last 12 months. There will be a positive trend in the future and the BTC might be good for investing.

  • In 2020: $10723.46
  • In 2021: $13404.32
  • In 2022: $20106.48
  • In 2023: $26808.64
  • In 2024: $33510.80
  • In 2025: $53617.28

CoinPredictor.io: $7,552.50 – Bitcoin Price Prediction 2020

Will Bitcoin go up? According to the source, BTC dollar value is going to reduce and reach $7,552.5 by 06/03/2020.

 

LongForecast: $9,306

According to LongForecast, Bitcoin will cost will vary in the range between $6871-9757 in January. Throughout 2020, BTC price will fluctuate and reach $9,306 by December 2020. In the next year, the coin price will decrease again and cost as low as only $5032.

  • In 2021: $4,935-5,032
  • In 2022: $11,107-12,884
  • In 2023: $22,390- 25,972

DigitalCoinPrice: $17,770.67

DigitalCoinPrice’s forecast for December 2019 ($17,239.27) clearly did not materialize. Yet, it provides a lot of positive BTC price predictions for 2020 and further:

  • In 2020: $17,770.67
  • In 2021: $20,112.19
  • In 2022: $24,444.14
  • In 2023: $26,137.76
  • In 2024: $18,053.73
  • In 2025: $17,872.83
  • In 2026: $12,713.82

Bitcoin Jack: $7,400

Will Bitcoin recover? An analyst with the nickname Bitcoin Jack believes that BTC could fall to $7400, but the weakening will be short-lived. As soon as the largest digital currency touches the new “bottom”, a breakthrough will begin almost immediately

READ  Lower than 20% of the present provide of bitcoin is used for buying and selling, says Chainalysis

Tim Draper: $250,000

Will Bitcoin keep rising? A billion investor, Tim Draper says that Bitcoin will hit $250,000 by 2022. According to his words, people would be able to buy coffee for bitcoins in 2021.

 

Paolo Ardoino: $20,000

By the end of 2020, I think the Bitcoin price will be at least $20,000.

 

Bitcoin Price Prediction 2020

Jung Min-seo

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