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?
I never even imagined Bitcoin hitting the $40k barrier but seeing Bitcoin's value right now, it might even reach a better ATH or just be stable. Maybe it might reach $50K at the fourth quarter of the year like what happened last year (2020). The opportunity to buy now is still great but most buyers would like to see Bitcoin's value lowering at about $20K to $29K. Most traders would just focus on trading other Cryptocurrencies because they still see this opportunity for them to cater a lot of other Cryptocurrencies before returning to Bitcoin.