Post
Topic
Board Speculation
Re: Will Bitcoin reach 20k $ in 2021?
by
South Park
on 11/12/2020, 16:11:35 UTC
It may even reach 20k this year before the year ends. I honestly feel like there is a big chance where we could totally see bitcoin not only reach 20k but also reach above 30k in 2021 as well. Obviously there is no guarantee in this, we may see bitcoin go down to under 10k with the same chance as well, which means there is a good chance that either of those things could happen but I really doubt that we are going down for now.

Bitcoin is on a great roll right now and price is very valuable, I really hope that it will continue throughout the 2021 year and we end up with a great price later on. What we need in order to see 30k+ price in 2021 is to manage the hype somehow and make sure people do not go into panic mode and start selling all the crypto they have.
We will have to wait and see, the growth of bitcoin is now facing major resistance and it has been losing ground during the last days, while this does not worry me at the same time we are seeing the determination of the bears to not allow the price to keep growing anymore and if they can exhaust the bulls then a drop to the 15k level could be possible during the next weeks taking away any possibility we may have had of seeing the 20k level during this year.