Bitcoin (BTC) Is Reportedly Heading To New Highs In 2020
There have been a lot of Bitcoin-related predictions these days, and despite the correction that the most important coin in the market suffered, these keep pouring, and they’re getting more bullish as well.
At the moment of writing the article, BTC is trading in the green on CMC and it’s priced at $10,092.03.
The Bitcoin-related predictions continue.
BTC to reach a new high next year
Now, a popular technical and fundamental crypto analyst said that he believes BTC will reach a new all-time high early next year.
The Daily Hodl mentions this analyst who is known online as FilbFilb, says Bitcoin will probably consolidate in the short term somewhere between $7,500 and $10,000.
“With additional fiat onramps and media and political attention and a general aura of interest, Bitcoin appears to be gathering momentum from an infrastructure and credibility point of view. Whether the credibility leads to acceptance is another matter, but I suspect that it is inevitable,” he says.
He continued and explained: “We probably need to consolidate for some time before the halving. Perhaps move sideways as I have illustrated, but ultimately I’m suggesting that we will be pushing for new all-time highs earlier in 2020, at the time of the halving.”
The crypto analyst concludes a by saying “I suspect that this will invoke a new bull market – as absurd as it sounds.. people like buying new all-time highs; for confirmation. so ultimately that’s it.”
Other BTC predictions
The CEO of blockchain and crypto hedge fund Pantera just said that BTC’s past trend is showing that the most important crypto in the space will hit $42k this year.
This will be reportedly followed by $356,000 a couple of years later.
Dan Morehead said the following:
“One perspective would be to graph the price of Bitcoin logarithmically to take away the crazy exponential growth, and it’s typically a pretty consistent line.”
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.