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I really doubt that bitcoin will go back to the previous all time high price this year, I don't even think the price will be even $50,000 by the end of 2021. However, I hope it will be around $40,000
The price of Bitcoin is inching forward little by little. Last week it was at $29k for a few days until the trend changed for the better. Today the market price is at $34k which was an improvement from the $33k some days ago. Maybe it is a good time to buy Bitcoin now for a long term investment. However, I also don't think that the price can reach $50k.I really doubt that bitcoin will go back to the previous all time high price this year, I don't even think the price will be even $50,000 by the end of 2021. However, I hope it will be around $40,000
Wow! This information differentiate the different of crypto currency from other asset in forex. Incase I have plans going into forex, I will remember this.I think Bitcoin fundamental analysis is more difficult than fundamental analysis on Stocks and Forex, because there are no financial reports like stocks or economic indicators on Forex. so we must be aware of big news that can cause volatility in the price of Bitcoin, here is the big news for prediction / analysis of Bitcoin prices in 2021
1. Many countries will tax Bitcoin covering the purchase profits and mining income. Clarity of these rules is very important for investors.
2. Financial institutions such as JPMorgan and Standard Chartered will enter the crypto world so that it will invite many new crypto investors.
What crypto big news do you know that you think will affect the price of cryptocurrency, especially Bitcoin in 2021?
I may agree that Bitcoin is the highest but that is only for now. When the whales would unite to bring up another crypto coin to replace Bitcoin in the popularity contest then that is easy to do if you have the resources. Maybe just 5 whales can prop up Eth to compete with Bitcoin.Whether you like Bitcoin or not, it reminds the highest cryptocurrency in the world and will always be the highest in the world.there are many changes of it increasing everyday. I love Investing on Bitcoin then I will leave it for a long period of time before selling it off
fundamentally you should be able to boost and every pressure cryptocurrency deep comes with because that is what makes you a good investor or a trader. It is also very important for you to be conscious of your trading and don't be greedy.I just hope the news will pump Bitcoin as one cannot stand a dip or fall in crypto price. Some of these news have happened like PayPal introducing crypto in their system and it is a good thing in a positive direction
Paypal is a very big and influential company and it will be to theor own very advantage if they can start their own crypto currency coin, it will help their customers to stick with them.Paypal finally launching their crypto services will surely affect btc positively come the new year. This will bring in more serious investors into the crypto world.
Do you think it would be possible for bitcoin to reach another all time high this year? Currently Bitcoin is experiencing some dips.I believe that this year will see a large number of large corporations participate in bitcoin, which will result in a significant increase in the price of bitcoin, as well as a large number of consumers investing in it.