BTC may hit over $25,000 by 2021, says Analyst that predicted the drop to $6,700

Christopher ZeniosChristopher Zenios11/12/20192min
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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Christopher Zenios

Christopher Zenios

Christopher has always been a pioneer, a first adopter when it comes to technological advancements. Over the years, his expertise surrounded the real estate and digital markets and their evolution in today's society. After being the editor to various professional business news portals and blogs, he was selected to become the chief editor for HWC. Contact Christopher at +357-22029786 ext: 6110 or by email at czenios@highworthcitizen.com for editorial related questions.



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