How High Can Bitcoin Go In The Coming Year?

The cryptocurrency environment has been fascinated with the famed winter bull-running throughout the course of 2017, however, when Bitcoin exceeded its $19,655 all-time high mark, the crypto-world could shift into unknown territory.

bitcoin trader

In building the right atmosphere for Bitcoin to reach its 2017 highs, several aspects come into play. During the spring of 2020, the COVID-19 market collapse saw BTC sink to around $5,000 temporarily before a quick rebound led to new investments. The activities in Bitcoin were further strengthened later in the year by reports that PayPal would take into account blockchain transactions and sales, as well as confusion caused by the US presidents.

What’s next, however? Bitcoin has undergone an incredible increase in value over the past few weeks, rising up to 45.8% in just one month and crossing a record valuation on a variety of bonds. But is the raise lasting? Or would the most famous digital commodity of the planet crumble to the ground?

Importantly, even with its snowballing price tag, bitcoin’s market capitalization rose. On November 17, 2020, bitcoin’s market value overcame its all-time peak. The growth in market capitalization of Bitcoin has proved to be so astronomical that PayPal, Netflix, Coca Cola and Disney have all reached the boundaries of their position in the top 18 commercial firms in the world.

The greater the market cap, the longer a broad price period is likely to be sustainable. The recent boost to bitcoin’s market capitalization was driven by major acquisitions by companies such as Square and MicroStrategy and the greater connectivity offered by PayPal.

As seen in the diagram above, bitcoin was much more common in the run-up to 2020 for investors. More carriers, which usually purchase and carry cryptocurrencies, become bitcoin as a safe haven, whereas less cryptocurrency carriers are interested in significant amounts of exchange.

The diagram also shows a connection between a slowing accumulation of the holder and a decrease in bitcoin’s value. More long-term investment could lead to greater growth stabilisation and longevity and, as we can see, no evidence of long-term slowing down of the BTC investment right now.

‘I estimated that BTC will cross $50,000 in March,’ says Antoni Trenchev, co-founder and managing partner at Nexo, the crypto platform, in Decrypto, ‘and now there is growing evidence of this upward trend. “Markets like circular counting – in a couple of days, Bitcoin gave $16,000 and then $18,000. The next stop is 20,000 dollars,”

“50,000 dollars is not unlikely by the end of this year,” he continued. “This record will not be driven by frenzy, but by large, forward-thinking financial institutions and technologically knowledgeable institutions which will drive crypto into the mainstream.”Can bitcoin go to the moon? Some commentators say the blockchain is worth $300.

Will bitcoin go to the moon? Some commentators predict that the blockchain would surpass $300,000 a year, sparking the speculation that this could be one of the widespread popularity moments of Bitcoin. According to a leakage analysis from Citibank, a potential rally from Bitcoin could “maybe peak in December 2021…