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Latest Bitcoin price predictions

In these very excited days, many predictions have been made about the price of Bitcoin.

However, in this moment of true euphoria they leave a little time to find, because we are facing a totally unprecedented scenario.

In fact, the only times that there have been months of virtually continuous price increases were the two times that a real speculative bubble formed on the price of bitcoin, at the end of 2013 and at the end of 2017.

In both cases it was the final Bitcoin Champion part of the bullrun following halving, while many analysts argue that at this moment in time the price of bitcoin is not yet going through the final phase of the post-halving bullrun.

In fact in 2017 something vaguely similar happened at the beginning of the year as well, but with much smaller price increases and much shorter duration.

The only similar precedent might be the first spike of the 2013 bullrun, when the price rose from $13 in late December 2012 to almost $150 in April 2013, i.e. a tenfold multiplication in about three and a half months.

But in the current case it is now a fourfold price multiplication, again in about three and a half months, i.e. not quite the same.

It should be added that in 2013, after returning to $70 in mid-July, it made an incredible increase of 1,400% in five months which took it to over $1,100 in mid-December.
Bitcoin’s price predictions between rises and falls

So the current scenario is actually unique, unprecedented in Bitcoin’s short history, making it very difficult to make predictions based on solid fundamentals.

That being said, some short-term predictions have proven to be correct, such as the one that assumed the Bitcoin price would approach $42,000.

Although there are many different forecasts in circulation at the moment, there is one from Bloomberg for the short term that follows the path so far described by the few that have turned out to be correct.

It assumes that the next resistance, at around $50,000, may be reached. However, this forecast does not conceal the risk of a correction, although it does not specify when or how far the price might fall if it were to be triggered.

It must be said, however, that many analysts are circulating the figure of $25,000 as the main support in the event of a correction.

In the medium term, however, it is possible to note a certain convergence, although not shared by all, on the hypothesis that emerges from the projection of the stock-to-flow.

The graph shows the stock reaching $100,000 by the end of 2022, and it is probably no coincidence that there are several forecasts betting on this threshold being exceeded, such as that of JPMorgan.

However, it should also be pointed out that at a time of such high volatility, and such great uncertainty about the future, there are also those who argue that in the event of a correction the price could end up falling far below the current level, and perhaps remain there.

These predictions of Bitcoin’s price for 2020 show that predicting the value of BTC is as useless as choosing lottery numbers.

Crypto experts and analysts love to issue Bitcoin price predictions (BTC) regardless of how volatile the asset class is.

In 2017, there were predictions that the price of BTC would reach USD 35,000 – USD 50,000 and, of course, some brave souls predicted that the price would exceed USD 1 million before being corrected.

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No one will forget how John McAfee infamously promised to bite his own genitals if the price of BTC didn’t reach $1 million by 2020.

While some of these high estimates are based on fundamentals, others are completely unfounded. Regardless of the analyst’s reasoning, some of them are so far removed from reality that they have become memes.

Let’s review Bitcoin’s most outrageous price predictions for 2020.

“Guessing” attracts attention because no one follows them

Guessing the future price of cryptomonies is so integrated into the community that many analysts do not even consider evaluating their effectiveness. Keeping up with the endless stream of predictions broadcast on blogs, podcasts, Twitter and YouTube is almost impossible. Imagine the difficulty and energy it would take for one person to keep track of all these random assumptions.

To complicate matters even further, some of these predictions come from well-known Bitcoin attackers, such as the famous gold ringer, Peter Schiff, and New York University Stern School of Business professor, Nouriel Roubini. So, in some cases, personal credentials sometimes matter less than analytical working models.

Bitcoin Beats Warren Buffett’s Berkshire Hathaway for Market Capitalization

A month before the March 12 collapse, in which Bitcoin’s price plummeted 50% to $3,750, PlanB, the creator of the stock-to-flow model, declared that Bitcoin would never again fall below $8,200. At that time, no one expected the Dow Jones stock index to face its most significant drop since 1987, nor did they expect the WTI oil futures contract to fall to a negative $40.

Despite the outlandish claim, PlanB will not be nominated for the worst predictions of 2020 because almost no one expected the coronavirus pandemic to affect the markets in a way that would cause absolute chaos. In addition, the famous chartist, Peter Brandt, also made the same mistake when he said that BTC would never again visit the level of less than USD 6,000 in January.

CryptoWhale’s quantum model predicts USD 24,000 BTC by mid 2022

On June 2, 2020, Twitter analyst CryptoWhale revealed a new “quantum” model that would predict the price of Bitcoin. According to CryptoWhale, the model had “effectively predicted all major movements since 2018”.

Things couldn’t have gotten any worse since the model predicted both a $2,000 fund in 2020 and a “proper run-up to $24,000” only in mid-2022. Somehow, the quantum particles, molecules and atoms that were supposed to make it more accurate were, in fact, pure blasphemy.

Bitcoin, Stablecoins and DeFi: The Top Performing Cryptoactives of 2020

Two lessons that can be drawn from the “quantum model” are (1) Having a ton of followers on social networks does not necessarily translate into better price estimates, and (2) complex models are prone to the same errors as humans. Evaluating a new asset class during a period of desperate central bank monetary easing is no easy task.

Ross Ulbricht predicts nine months of decline after Black Thursday

In April, Ross Ulbricht, founder of the now-defunct Darknet market, Silk Road, wrote that Bitcoin’s volatility, particularly the March 12 bloodbath, would likely lead to a bearish market, which could last three to nine months. At the time, Bitcoin had been hovering around the $7,000 mark and was clearly still affected by the recent 50% intraday correction.

Obecnie cena Bitcoinów wzrosła w ciągu roku o 302%.

Pierwsza i największa krypto waluta, Bitcoin (BTC) cena wzrosła do nowego, wszechobecnego haju w wysokości 29.321 USD, wzrastając z poziomu 27.311 USD z dnia poprzedniego. Ethereum (ETH) i Bitcoin Cash są również w ruchu, umieszczając zyski ponad 20% tygodniowo. Ethereum na przykład obracał przez siedem kolejnych dni w kolorze zielonym.

Obecnie cena Bitcoinów wzrosła o 302% w ciągu roku i znacznie przewyższa rynek złota oraz rynki akcji, takie jak S&P 500. Od września cena BTC wzrosła o 168%, co stanowi drugi najlepszy wynik od 2017 roku, kiedy to wzrosła o 210%.

Ponieważ cena Bitcoinów zbliża się do 30 tys. dolarów, kilka powodów przemawia za scenariuszem ceny Bitcoinów za 30 tys. dolarów. Po pierwsze, odchodzący prezydent Stanów Zjednoczonych Donald Trump wreszcie poparł długo oczekiwany rachunek stymulacyjny o wartości 900 mld dolarów. Po drugie, ostatnim dodatkiem do inwestorów instytucjonalnych BTC jest Greenpro Capital, firma wywiadu gospodarczego z siedzibą w Hongkongu. Ostatnio firma określiła Bitcoin jako “wiarygodny przyszłościowy sklep z wartością”, jednocześnie deklarując zamiar zebrania 100 milionów dolarów w ofertach kupna Bitcoin.

Znany analityk i przedsiębiorca, Alex Krüger zauważył niedawno, że przedsiębiorcy patrzą na dwa poziomy cen Bitcoin, które są $ 30K i $ 36K.

BTC/USD Daily Chart

Bitcoin obecnie handluje na 28.672 dolarów, podczas gdy Ethereum i Bitcoin Cash handlował na wysokich poziomach 755 dolarów i 361 dolarów przed wycofaniem się.
Ale jest Determinant ceny!

Biorąc pod uwagę, że cena Bitcoin wzrosła o 64,9% od początku grudnia, osiągając 30.000 dolarów może sygnalizować możliwe wycofanie, ale wielkość będzie ostatecznie głównym wyznacznikiem gdzie cena może iść.

Analitycy stwierdzili, że o ile nie nastąpi kolejny silny wzrost zakupów, obecność Sell walls sugeruje, że wzrost do 30 000 dolarów może spowodować silną wyprzedaż i zmusić cenę BTC do zmiany kluczowych poziomów wsparcia bazowego na 28 000 dolarów i 27 300 dolarów.

Dane In/Out of the Money Around Price (IOMAP) potwierdzają, że cena BTC znajduje się na szczycie silnego obszaru wsparcia. Ponad 220 000 adresów zakupiło 190 000 BTC od 27 000 USD do 26 700 USD.

BTC, In/Out of the Money Around Price (IOMAP)

Nunya Bizniz, popularny inwestor na Twitterze, zauważa, że cena Bitcoinu powyżej 30.000 dolarów zaczyna wyglądać nieco przesadzona. Inni traderzy również ogłosili możliwość doładowania Bitcoinów na 29.000$ lub 30.000$ w tym obecnym rajdzie. Inny analityk uważa, że poziom, na którym ten rajd mógłby się wznieść w bliskiej i średniej perspektywie czasowej, może wynosić około 29 000 USD na podstawie wskaźnika względnej siły Bitcoin’a (RSI).

Pseudonimowy inwestor “Bizantyjski Generał” powiedział, że przewiduje, że Bitcoin może osiągnąć poziom 30.000 dolarów. Zauważył, że $30,000 jest “złotym przedłużeniem wskaźnika” i ma również zlecenia sprzedaży na Coinbase i Bitfinex. Z drugiej strony, wielu handlowców detalicznych oczekuje, że cena Bitcoinu wzrośnie powyżej 30.000 dolarów po przekroczeniu bariery psychologicznej.

Dla drugiego co do wielkości aktywa kryptograficznego, Ethereum (ETH), przełamanie oporu 750 dolarów jest wyznacznikiem jego ceny. Powyżej tego poziomu, ETH może wzrosnąć do 1000 dolarów, a także ponownie przetestować swój rekordowy wynik w 2021 roku.

Dla Bitcoin Cash, przełamanie poziomu oporu 360 dolarów jest najważniejsze dla szóstego co do wielkości aktywa widząc skok ceny do 500 dolarów. Kim Dotcom, przedsiębiorca internetowy i działacz na rzecz praw cyfrowych wcześniej przewidział, że cena Bitcoin Cash (BCH) wzrośnie o 867% w 2021 roku, osiągając ponad 3000 dolarów.