Bitcoin Prediction
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JANUARY 15, 2020 / 12:06 UTC
LONDON (Fintech Zoom) – BTC Price Prediction 2020 – As for now, Bitcoin serves as a “crypto gold standard” and is the most volatile and the most liquid cryptocurrency. Its dependence on the external factors is raising from day to day, whether it is US politics, China’s CNY cash-out, Oil and Gold price fluctuations, SEC ETF’s approval, etc.
It also becomes a hedging instrument for financial institutions, which are preparing for the next financial crisis.
But depending on the BTC technical chart and future BTC block reward halving, which we will see in May 2020 we can predict, that BTC price can potentially reach $120 000. This figure comes out from the analysis of previous BTC block reward halving periods:
- November 2012 – BTC block reward halving
BTC low after halving $12 with a $10.16 support level and reached its high of $1163 in 2013 (in 12 months) and next low of $255 in 2014. Thus, the BTC price gained ~97 times.
- July 2016 – BTC block reward halving
BTC low after halving $465.28 with a $400 support level and reached its high of $19666 in 2017 (in 15 months) and next low of $3122 in 2018. Thus, the BTC price gained ~42 times.
- May 2020 – BTC block reward halving
Depending on the strong support level at $6000 we can expect BTC price around that before halving and depending on the price gain reduction twice every halving, and BTC price can potentially reach $120 000 in the next 18 months (gaining 20 times).
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About Bitcoin Price Prediction:
- Bitcoin Price Prediction 2020: BTC will be around $70,000 by Alexey Ermakov
- Bitcoin Price Prediction 2020: BTC will strongly be influenced by one major event: the Bitcoin – halving, by Moritz…
- Bitcoin Price Prediction 2020: Its best days still lie ahead of it, by Jeff Barroga
- Bitcoin Price Prediction 2020 Ranging Between $8k and $10k by Pascal Thellmann
- My Bitcoin price prediction for 2020 is $20,000 – Eric Brown
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