JANUARY 14, 2020 / 12:55 UTC
LONDON (Fintech Zoom) – Bitcoin Price Prediction 2020 Ranging Between $8k and $10k
In my opinion, both the 40% Bitcoin price spike in late October due to China’s blockchain announcement, and the subsequent sharp sell-off down to $6.5k, were both overreactions of the market.
Consequently, I believe that the BTC price will remain relatively unchanged for most of the year, ranging between $8k and $10k, as market participants slowly push the price towards an accepted value.
However, by the end of the year, as the supply reduction caused by Bitcoin’s halving in March becomes more noticeable in the markets, I think that a rapid parabolic rise will catch most by surprise and push the price above its current all-time-high of $20k per coin.
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Bitcoin Price Prediction 2020 $8k