RATE Group | Can Bitcoin rally to $34,500? – Finder.com report
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Can Bitcoin rally to $34,500? – Finder.com report

16 Jan Can Bitcoin rally to $34,500? – Finder.com report

Posted at 10:17h in Bitcoin News by

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  • May 2020 halving predicted to be the driving force behind Bitcoin’s expected rally by the end of 2020.
  • Ben Ritchie of Digital Capital Management was most bullish on Bitcoin, predicting Bitcoin to surge to $34,500.

The panel of analysts at Finder.com predicted at the beginning of the year that Bitcoin will soar 20% to highs around $8,589. At the time, January 1st 2020, Bitcoin was trading at $7,200.

Barely two weeks since the prediction was made, Bitcoin rallied to highs above $8,900. However, a retracement is currently underway with Bitcoin working hard to sustain the gains above the support at $8,600.

The same panel believes that Bitcoin is likely to double in value by the end of 2020. The average prediction for Bitcoin at year’s end averaged at $14,275. Interestingly, one of the panelists, Dr. John Hawkins at the University of Canberra sees Bitcoin closing the year at levels as low as $2,000. He explains:

“In over a decade, Bitcoin has not made any…

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