2020-9-13 00:12 |
Bitcoin is currently trading at $10,400 but analysts think the cryptocurrency is poised to slip lower. A majority of investors think that Bitcoin will end 2020 above $20,000. Bitcoin Will End 2020 Above $10,000, Investors Suggest in Poll
According to a recent poll conducted by Bitcoin and crypto analyst Chris Burniske, a majority of cryptocurrency investors think BTC will end 2020 above $10,000.
According to the poll, a mere 11.6% of the 1,400 respondents think that Bitcoin will end 2020 under $10,000. The rest think that the asset could end up anywhere from $10,000 to $17,500 and beyond.
Where is $BTC by the end of 2020?
— Chris Burniske (@cburniske) September 12, 2020
Many Think This Will Be The CaseTop analysts think that this will be the case.
According to Vinny Lingham, the chief executive of crypto startup Civic and a managing partner at Multicoin Capital, Bitcoin could hit $15,000 in the near future:
“It looks to me that #Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.”
He added in a separate comment that once BTC turns $12,000 into support, the coin will be bullish on a macro scale:“I’m not a permabear or a permabull – I called the bubble and I called the bear market. The bear market is almost over, if/when we break and hold $12k. So yes, I’m turning bullish.”
Mike McGlone, a senior commodity analyst at Bloomberg, has been even more optimistic. He said that BTC is on track to hit $20,000 by the end of the year, citing the block reward halving and other factors: “Bitcoin is mirroring the 2016 return to its previous peak. That was the last time supply was halved, and the third year after a significant peak… Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016’s trend.” A crash in the legacy market, though, could end up reversing Bitcoin’s bull trend. Photo by Jan Huber on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com A Majority of Investors Think Bitcoin Ends the Year Above $10,000 origin »Bitcoin (BTC) íà Currencies.ru
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