BTC may Hit over $25,000 by 2021

Earlier this year, most of us expected Bitcoin to reach a new all-time-high since it was soaring above $10,000. Following the all-time-high of December 2017, most were expecting 2019 to be the year that BTC would surpass its record.

An analyst known as “Dave the Wave” on Twitter, who’s also a Bitcoin investor, made it clear that BTC surging above $10,000 was an extension to the cryptocurrency’s long term growth. The same analyst also mentioned that BTC would drop as low as $6,700, a statement that many other enthusiasts and traders didn’t take too lightly. The analyst was eventually proven right and BTC actually hit a low of $6,700.

In one of his latest analysis, he suggests that BTC may see bearish price action most likely until early next year, but soon after will begin a bullish trend.

btc-price

He believes that Bitcoin will hit its rock bottom of low-$6,000s and then surge to a whopping $25,000 and hit a new all-time high.

If this prediction actually happens, then by the beginning of 2021 we may see Bitcoin reach 250% higher than the current price.

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