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?
Well from the price range of $30-$32k it is now ranging around $36k this only implies that the rally was not yet over. We are now closer to reach the $40 once again, a little more push for big investors and we might see a new ATH once again. With the current performance of Bitcoin, I would say yes we can definitely hit $50k but not sure what exactly the time though, I am speculating that it could happen at the end of the 1st quarter of the year. I also believed that 2021 is the best time for Bitcoin as a lot of big and prominent investors are now venturing into this market.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?