Likely price of bitcoin this year.

Ahmedo24

Verified member
It is no doubt that what is more trending in Crypto currencies market is prediction of prices with respect to activities happening arround the market and the particular coin .
Bitcoin fluctuations is been very strong between $29,000 to $40,000 making it very difficult to break the $40,000 barrier.
Lots of potential investors has been mentioned to invest heavily in bitcoin this year but we are yet to see them . What could be responsible?
Considering the acitivites arround bitcoin at the moment in your opinion with reasons to back what's likely going to be closing price of bitcoin this year or mid of this year?
 

Josemendez

Verified member
The fact is that it won't be easy for one to predict the closing price of Bitcoin this year . This is because ,if there exist further effect from the pandemic , the price of Bitcoin will be affected.

However , considering how top companies like Grayscale , MicroStrategy has invested in Bitcoin ,and the new investors that will soon venture into Bitcoin investment , whom as statistics has revealed that are going to holdl their Bitcoin for long ,am sure it won't be surprising to see the price of Bitcoin end at something close to $100,000.
Presently , $40,000 seems to be much a resistance but believe me , Bitcoin will soon cross this resistance and will continue to rise further
 

Ahmedo24

Verified member
The fact is that it won't be easy for one to predict the closing price of Bitcoin this year . This is because ,if there exist further effect from the pandemic , the price of Bitcoin will be affected.

However , considering how top companies like Grayscale , MicroStrategy has invested in Bitcoin ,and the new investors that will soon venture into Bitcoin investment , whom as statistics has revealed that are going to holdl their Bitcoin for long ,am sure it won't be surprising to see the price of Bitcoin end at something close to $100,000.
Presently , $40,000 seems to be much a resistance but believe me , Bitcoin will soon cross this resistance and will continue to rise further
Actually many analysts have predicted that bitcoin could hit $100,000 and some even predicted up $200,000 recently despite the current resistance it is facing..
I guess pension funds which most of us are expecting to pumping funds to boost bitcoin price is still considering some factors, the $100,000 you mentioned is realistic if paypal fully integrate Crypto currencies in it platform and other small companies may come in.
If not for the resistance it might have gone above $50k by now.
 
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