RATE Group | Bitcoin Price Will Go From $20,000 to $50,000 by 2021: Analyst
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Bitcoin Price Will Go From $20,000 to $50,000 by 2021: Analyst

18 Aug Bitcoin Price Will Go From $20,000 to $50,000 by 2021: Analyst

Posted at 22:49h in Bitcoin News by

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Economist and crypto analyst Alex Krüger believes that $20,000 won’t be the all-time high (ATH) bitcoin price for much longer.

Expect Bitcoin Price to Hit $50,000

In a Twitter thread published on Saturday (August 17, 2019), Krüger outlined his argument for the bitcoin price going as high as $50,000 by 2021 at the latest.

According to Krüger, there is a far greater weight of positive driving factors than any negative headwinds that could adversely impact the bitcoin price trajectory.

An excerpt from the thread reads:

Bigger picture, the upside is IMO considerably larger than the downside. Think $BTC will eventually break through $20K, in 2020 or 2021, and once it does, it should trade $30K, $40K and $50K fast. Must be long for when that happens, and enjoy the ride as others FOMO in.

Currently, the bitcoin price is under resistance in the region above the mid-$10,000 level. thus, the top-ranked crypto has appeared range bound between $9,000 and $12,000.

bitcoin price

Possible Drawdown to…

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