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Traders hope to see Bitcoin above $ 330,000 already in 2021

Bitcoin-above--330000--in-2021 Traders hope to see Bitcoin above $ 330,000 already in 2021

A few days ago, Bitcoin updated the annual maximum, rising above $ 5,800. Some analysts have already stated that Bitcoin is preparing for the campaign to the level of $ 400,000.

Today, "digital gold" on most exchanges is trading at about $ 5,700. Market capitalization exceeded $ 100 billion, and daily trading volume is more than $ 14 billion.

The increase in quotations is not associated with any fundamental indicators or news, so we can conclude that this is a purely technical movement, which may indicate the potential of Bitcoin to finally get out of the bearish cycle in which he was more than a year. Against this background, many positive statements have already appeared.


For example, the popular cryptocurrency trader Galaxy provided a logarithmic graph already known to many, according to which the price of the first cryptocurrency at the end of 2021 would be about $ 330,000. 


"If Bitcoin will repeat the movement that was from October 2015 to April 2019, by the end of 2021 it will cost more than $ 330,000," said the trader.


Another well-known trader is also considering the option of repeating parabolic growth, according to which the next maximum can be between $ 102,000 and $ 336,000. He advises everyone to buy Bitcoin.


In March, Chief Market Analyst Think Markets and Forbes columnist also noted that he believes in the growth of Bitcoin to $ 400,000.


It seems that many famous personalities in the cryptocurrency community are confident that the price is now at the stage of the birth of a new bull cycle, which will lead Bitcoin quotes to five-digit numbers.  

SOURCE

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