Published
4 years ago on
January 18, 2020
- The recent price action from the leading cryptocurrency we saw earlier this week is pumping hope into crypto enthusiasts.
- There is one analyst that believes the price of Bitcoin is going to excel to highs of 100k by 2021.
The recent price action from the leading cryptocurrency we saw earlier this week is pumping hope into crypto enthusiasts. Bitcoin is up more than 12% year-to-date at the time of writing. Such gains might not sound massive but the technical ramifications of having the flagship currency trading in areas above the $8k mark are what really matters.
Some commentators have already commented on the currency’s movement with one saying the following last weekend:
Too long didn't read:$BTC Bottom is in if $7450 holds for the next 60 days.
— Mac ❄️🐺 (@MacnBTC) 10 January 2020
Despite this bearish mood, there is one analyst that believes the price of Bitcoin is going to excel to highs of 100k by 2021.
According to Bitcoin Macro, there’s nothing that can stop this price action either.
Bitcoin is gonna break $100k in the next 24 months, and there’s nothing you can do about it.
— Bitcoin Macro (@BTC_Macro) 11 January 2020
It will be interesting to see how this plays out and where the price will go. Whether it will eventually get to such highs as $100k is questionable, but not impossible. For more news on this and other crypto updates, keep it with CryptoDaily!
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