Bitcoin is nearing the end of the year, near its multi-month low. However, there are good reasons to expect Bitcoin's price to start recovering from a low of around $ 5,000 to $ 6,000 and rise during 2020, ending the year between $ 15,000 and $ 17,000. The year 2021 will likely see Bitcoin reach $ 30,000 in a similar but slower move than the strong price increase of 2017.
If you think that the bitcoin price will rise in the coming months, you can buy some through any good Bitcoin broker. If you live in the United States, eToro would be the right choice from this list.
Long-Term Bullish Outlook (2020-2021)
Predicting Bitcoin's future using charts and patterns can be just as promising as a way to achieve success in Bitcoin trading. However, technical analysis in this unusual asset can be overcome by an event that carries a lot of strength and can cause a strong change in demand. In May 2020, Bitcoin is conducting a halting event traditionally known for its positive effect on the market.
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