Crypto analyst and full-time trader, Micheal van de Poppe said that Bitcoin to $44,000 would be a fair standard correction.
van de Poppe’s tweet comes after the crypto market cap saw $100 billion vanish in a day as BTC dumped below $48,000 for the first time in five days.
This 2021 Bitcoin (BTC) price prediction is based on the analysis of technical indicators. Below, we have outlined the key factors that contributed to our BTC price prediction.
Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip a few months ago, the digital asset industry was growing steadily. At the moment, it seems that the crypto industry may finally be on the up and up again.
Bitcoin (BTC) is the king of cryptocurrencies which has a lot of potential in the crypto industry. Interestingly, BTC broke its all-time-high record of December 2017, when it surpassed $19,798 in November 2020.
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With the ongoing enhancements in the Bitcoin network, we can say that Bitcoin has a good year ahead in 2021. For this reason, the bullish price prediction of Bitcoin in 2021 is $62,357. On the other hand, the bearish Bitcoin price prediction for 2021 is $28,743.
Bitcoin is about to take off on yet another bull run, the opportunity to profit has never been greater. And with Bitcoin price is expected to reach $82,264.71 to as much as $100,000.
Though Bitcoin is by far the biggest player in the crypto industry, Ethereum and Dogecoin also have huge potential. Possibly the Ethereum price prediction until 2021 might be $5,000 and $1 for Dogecoin.
In conclusion, this article has presented our Bitcoin price prediction over both the short term and long term, ensuring you have a comprehensive understanding of this currency’s outlook. The crypto market has been exceptionally volatile in 2021 so far, which is to be expected. However, as Bitcoin’s price begins to show upwards momentum, now could be a great time to add this crypto to your investment portfolio.