In less than two months, Bitcoin has gained 90 per cent of its value, climbing from $10,400 on October 1 to $18,900 on November 21, 2020. The end of November 2020 surprises traders with Bitcoin steadily moving up to $19,000. Following the latest BTC analysis we can’t help but mention the exceptional performance shown by the forever-number-one cryptocurrency. Will Bitcoin rise so high? To get a clearer picture of what is going on with Bitcoin price analysis, we will consider the major BTC price drivers and try to build the Bitcoin 2021 prediction that may help you decide whether you are a bull or a bear for your future BTC trade.īitcoin has already given us good reasons to believe its price is on the verge of a new all-time high.
Searching the web, you will inevitably face the headlines of Bitcoin being on track to a new all-time high, backed by the bullish views of numerous analysts setting brilliant price targets for BTC in 2021.īitcoin future value predictions start with $100,000 from the Stock-to-Flow (S&F) forecast model, to $170,000 predicted by Bloomberg strategist Mike McGlone, and go higher to $318,000 – the target set by Tom Fitzpatrick, the Citibank’s analyst who called Bitcoin the “21st century gold”.
As we move closer to the end of 2020, crypto traders start thinking about Bitcoin predictions for the next 12 months.
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