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Bitcoin has finally surpassed the $20,000 per BTC level.
BTC
Throughout the autumn, and throughout the 9k to 20k rally, we have repeatedly drawn the attention of our subscribers to the upside triggers. The interesting thing is that, despite breaking the all-time price high, these triggers have not gone anywhere. In fact, they have become even stronger.
For example, investors and even public companies are buying more and more BTC. And they buy it at the price 2 times more than they did 3-4 months ago. It turns out that this price level no longer seems high to them.
There has been a lot of talk over the past 2 weeks that whales are getting rid of bitcoins en masse, which means we should expect a reversal. However, in this case, it meant the following. There was a BTC spillover from whales, who had previously bought the first cryptocurrency and were now locking in profits, to new big investors who were entering the market for the first time.
What to expect from bitcoin now? Where might it be headed? That’s something no one can know. After breaking through absolute highs, the price very often starts to behave completely irrationally. However, we still don’t expect next year the $100,000-300,000-500,000 per 1 BTC that many people promise.
For 2019, bitcoin has doubled. And for 2020, if the price stays around that level, 3 times. These are the numbers we should be counting on. That is, a conservative estimate of optimists will be $40-60 thousand by the end of next year.
And the pessimistic estimate? We will not announce it, because we always were optimists about BTC, which you can easily understand from our newsletters. Moreover the fate of the pessimists since the first year when BTC saw the light is extremely unenviable. It is a trend that is our friend.
What awaits us today?
01.30 Australian unemployment rate
10.00 Swiss Central Bank press conference
11.00 Bank of England Interest Rate Decision
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