NEWS | SPORT | GOSSIPS | DJ MIX | Celebrity Gist| Trending Songs| Jokes | Politics Promote Your Music/Video


CLICK HERE TO PROMOTE YOUR SONG

.

CLICK HERE TO PROMOTE YOUR SONG

.

« | »

Crypto Analyst: $100K Bitcoin ATH By EOY 2021 Is A Realistic Scenario


Fixednaija Blog

Bitcoin

Tony Spilotro1 hour ago

Bitcoin price may be crashing currently, but the first-ever cryptocurrency is expected to someday reach prices of $100,000 to as much as $1 million per BTC.

According to one crypto analyst, the first of those two numbers is a very “realistic” scenario that could occur as early as the end of the year in 2021.

Bitcoin Price at New ATH, $100K by End of Year 2021

At the height of the 2017 crypto bubble, Bitcoin reached an all-time high price of $20,000 per BTC, and nearly overnight became a household name. But after the turn of the year, the entire crypto market had a major crash, eliminating over 99% of the value from some altcoins, and over 80% of Bitcoin’s value.

But Bitcoin always bounces back, and throughout its history, has repeatedly gone through bubble-like cycles where the asset goes parabolic and reaches extreme values before suffering a major collapse and retracement.

The crypto asset has earned itself a negative reputation for being extremely volatile as a result, but if history continues to repeat itself, another bubble cycle could be coming, and one that’ll take Bitcoin to over $100,000 per BTC. But when?

Roger Quantrillo@rogerquantrillo

BITCOIN (BTC/USD)

Most realistic scenario:

1. Bitcoin will never go below 5.8k again
2. Max. Price until end of 2020 = 14k
3. Next ATH will be around 100-110k in Nov/Dec 2021
4. Correction should put us around 30-40k@moonshilla whats up BigBrotha?#bitcoin #btc #btcusd

View image on Twitter

869:20 PM – Oct 2, 2019Twitter Ads info and privacy33 people are talking about this

According to a chart shared by crypto analyst Roger Quintrillo, a “realistic scenario” for Bitcoin would be for the asset to reach between $100,000 and $110,000 by the end of the year in 2021. Much like past tops, the analyst expects Bitcoin’s next parabolic rally to top out in November or December of that year.

Using a curved growth line, the analyst’s chart shows the trajectory of how Bitcoin will reach such prices. The curved channel is traced along previous tops and bottoms, potentially providing the analyst with the next top and bottom of the next bubble cycle. With the top being roughly $100,000 per BTC, the analyst sees the correction following that top to take the price down to roughly $30,000 or $40,000 as the next cycle bottom.

Buying BTC During Current Correction Could Bring Over 1,600% Returns

The analyst also shared some additional aspects of what he calls a “realistic scenario” for Bitcoin’s price action over the short-term.

Quantrillo expects Bitcoin price to retrace no deeper than $5,800 during the current correction from the top at $14,000. That $14,000 price level where Bitcoin was rejected from back in June, the analyst says will be the high for the entire 2019.

TRENDING SONGS

Song Benefit Boys: SS3 Yahoo Boys bought principal a water dispenser and new pairs of shoes(video). Song Benefit Boys: Another video of benefit boys calling his teacher fine girl surfaces online (video). Song Angela Okorie leaked S£xtape with her alleged boyfriend baby Chuchu (video). Song Nollywood actress Angela Okorie wedding video buzz social media (video). Song Regina Daniels shakes social media with her new look (video). Song Nigerian reacts as Bobrisky plan a date with her boyfriend (watch video). Song ”Feel free to lick your screen” – Bobrisky admire her new look (photo). Song Anambra 100 achievers team felicitates with Obi, Chidoka, Umeh and Ozigbo on their birthdays. Song ‘I’m coming to marry your calabar governor soon’ – Bobrisky said (video). Song BBNaija Update: see Dorathy milk that keep social media talking (photos).

CLICK TO DROP YOUR COMMENT



Leave a Reply

NOTE:- Make your comment a bit long to get it approved.



Go Back To The Top

« | »


Looking for something? Search below






If you love what we are doing, Subscribe to our Daily Newsletter.

* indicates required