For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price.
All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?
All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?
No, it's not stuck as we've seen THE price spike up yesterday up to $38,7k albeit only briefly, and today's range between 32,860 — 34,931 based on bitstamp.
Bitcoin definitely will reach $50k, it shouldn't take so long, probably in February-March and $30k is a good entry point for those who want to take profit before it climbing up again hit a new ath. Bitcoin undoubtedly provides a great return on investment considering the very significant price increase, not only for early investors, especially the price forecast in this year may reach over $100k.