RATE Group | Financial analyst predicts Bitcoin’s all-time high in 2020
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Financial analyst predicts Bitcoin’s all-time high in 2020

31 Dec Financial analyst predicts Bitcoin’s all-time high in 2020

Posted at 00:57h in Bitcoin News by

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  • Bob Loukas believes that the “bull narrative” will push Bitcoin to an all-time high level.
  • It is predicted that as investors liquidate their positions in losing equities, they will turn to stable assets like Bitcoin.

Popular financial analyst Bob Loukas has made his Bitcoin predictions for the upcoming year. He tweeted:

Bitcoin closing near the $7k area were my thoughts 12 months ago in my first video.

If #bitcoin bull narrative remains true (which I believe), we should see $BTC begin turn higher over next 2 months. Then a solid steady climb towards ATH’s by the end of 2020. Exceed in 2021.

The “bull narrative” that Loukas refers to is an important factor in much of the price prediction data. Many industry experts believe that Bitcoin will eventually grow in market cap to extremes. This position holds that the global movement of central banks will create economic stagnation with a strong inflation. As investors liquidate positions in losing

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