Wences Casares – $1,000,000 (by 2027)
From a fundamental perspective, Bitcoin is performing fairly well in Features like transaction batching and SegWit have made the asset more competitive lately, putting its speeds closer to other currencies like Bitcoin Cash. Other notable achievements include Bitcoin reaching an all time high hash rate of ,, trillions of hashes per second on September 18 Additionally, the Bakkt Bitcoin Futures were launched on September 23, more than one year after the initial announcement.
However, a sharp decrease in the price followed the next day. But, its likelihood of sticking around for the long-term is higher this year than it ever has been. In light of these development, we are going to make an attempt to predict the Bitcoin price in the end of September, on December 31, , and Additionally, it looks to be on the final wave of its correction since reaching its aforementioned high.
Furthermore, the RSI has created some bullish divergence. There are three interesting upward sloping trend-lines visible when looking at the price of BTC since We have used different colours to identify them and will refer to them as the red, blue and green trend-lines. However, due to its extremely steep slope, it is not likely to be touched in the near future. Additionally, it represents the upper limit of possible price increases for the future.
The blue and green trend-lines are currently acting as resistance and support respectively. Therefore, future movement is likely to be contained within the confines of these two trend-lines, at least for the near future. The price is likely to continue decreasing and reach the support line by the end of the year. However, for the year , the prediction is significantly less accurate. In order to amend this, we have outlined curved trend-lines that follow every single low and high.
This however, is still a very inaccurate prediction that allows for significant movement between these two areas. Next, while keeping these values in mind, we will try to find similarities between this move and previous ones, in order to make a more accurate assumption about future prices.
Besides the fact that both of these highs occurred at the resistance line, the amount of time it took for the price to reach a low and the magnitude of decrease from high to low were very similar. This low occurred after days. While this is still a very big range, such is necessary when doing a prediction five years from now. The January 13, and December 15, lows are the only dates in which the weekly RSI fell below Additionally, this is the longest period in which the MACD was in negative territory.
However, the price movement following the December low has not been identical to that after the January low. After December 15, the price reached a high after days, on June 26, More specifically, it was 2. This does not fit into our projections. Therefore, the possibility that the price movement after Dec 15, is the same as that after Jan 14, but occurs at a faster rate is invalidated. However, besides the time period, there are still similarities between the high on June 18, and June 26, During both movement, the price spend a long period of time trading below its day moving average MA.
After the breakdown, the price spend a very short period of time below the day MA, before immediately moving above it. Looking at the duration of the triangle and its height, we can see that the movement in was 1.
Using these ratios, finding the price in the previous move that corresponds with the price in the beginning of is straightforward. Since the price broke down from the triangle, it has not retraced at all. Since it is currently inside a support area, we are expecting some retracement. Both predictions are in agreement for the price on December 31, The price should decrease slightly in the beginning of , before beginning an upward move during the latter half of the year.
We have a large range for this prediction, due to the fact that it is a long period of time in the future. While the actual price movement is just a rough outline, it is likely that several market cycles will be completed until then.
Do y ou think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below. Disclaimer: This article is not trading advice and should not be construed as such.
Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile. BeInCrypto provides an inside perspective on the latest trends in an emerging market while keeping our audience abreast of the hottest news, as it breaks. Our only goal is to provide you — the reader — with important information, and we would never insult your intelligence by publishing unlabeled promotional material.
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In this Bitcoin price prediction guide, I will first give you a quick overview of what Bitcoin actually is, followed by a brief explanation of the things to consider before you invest heavily based on a price prediction guide just like this one! After that, I will then discuss some popular price predictions for the year and let you know my thoughts on each of them. Finally, I will then discuss some of the upcoming real-world events that could affect its price movement going forward. Bitcoin allows people to send and receive funds without a third party intermediary and as such, it is a decentralized payments system. The network is controlled by no single person or authority, nor is it backed by any central bank. In return, miners are rewarded with additional Bitcoin for contributing to the network. The technology that supports Bitcoin is called a blockchain , which is like a giant accounting book.
Sign up to receive Bitcoin Daily — We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10, Bitcoins, on May 22,by a Florida developer by the name of Laszlo Hanyecz.
Is there any limit to this growth, and if so, where is it? Here what those evangelists think Bitcoin will go on to be worth. There are a handful of Bitcoin price predictions made for the mid to long term, or with no time scale at all, that are still standing today.
His Bitcoin journey what percentage did bitcoin go up in 2020 with an investment back inand by he what percentage did bitcoin go up in 2020 included Bitcoin in his hedge fund, general fund, private account.
The tech giant bought his first Bitcoins in The math for his target works like this: firstly, he assumes that Bitcoin can replace all of the gold currently held by private investors — in other words, the gold bars that people keep in safe-deposit boxes or bury in their backyard simply as a way to park their money in something more dependable than paper.
John McAfee is the Founder of McAfee Associates, which launched the first commercial antivirus software back in the late s. McAfee recently made waves in the cryptocurrency world after claiming that each unit of Bitcoin would be worth half a million dollars by He did not stop.
Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in the social media app Snapchat.
It is gold equivalent…there are about 20 million Bitcoin available today. When transactions are verified on a Blockchain, banks become obsolete. Roger Ver is an early investor in Bitcoin and related blockchain startups. By earlyVer had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.
Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment.
These targets were instead achieved by the end of Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the figure. Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. Moas has also compared the wealth proposition of cryptocurrencies to that of the dot-com boom.
Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. Here are past price predictions for Bitcoin. He is also an early supporter of Bitcoin and its underlying technology blockchain. On Jan. The host of The Bitcoin Knowledge Podcast had based his prediction on a day moving average. Masterluc is an anonymous Bitcoin trader, known for his impressive predictions in the price of Bitcoin. Most notable was his prediction of the end of the Bitcoin bubble, which was then followed by a bearish market for multiple years.
In his May 26th, post, the legendary trader said he expects the price to be reached sometime before Thomas Glucksmann, head of APAC business at Gatecoin, had seen regulation, the introduction of institutional capital, and technological advances like the Lightning Network as the main factors in rising cryptocurrency prices. Are we missing any important bitcoin predictions? Let us know and we will add them to the page. Skip to content.
Prediction 1: $500,000 if bitcoin becomes a widely used currency
On Jan. Additionally, this is the longest period in which the MACD was in negative territory. The Bitcoin price can go up from Next, while keeping 20220 values in mind, we will try to find similarities between this move and previous ones, in order to make a more accurate assumption about future prices. For sure, a block reward decrease will affect the price 2002 Bitcoin in Periods of wild speculation, such as in andsee massive price run-ups without a corresponding increase in energy used. The appearance of a new cryptocurrency instrument on Bakkt should also have a positive effect. On May 22, whatt, that same legendary story happened with the purchase of pizza for 10, BTC. Well-known economists often called bitcoin a speculative bubble. Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. The winning run ended last year with a 37 percent drop dif the biggest November loss on record. It all started with the launch on February 6 of the BitcoinMarket.