2020 may become a year of optimism not only for bitcoin but also for all the major cryptocurrencies as central banks and governments are willing to embrace cryptos hence driving the demand from big institutional investments. Bitcoin price 2020 is forecasted to range from 25 000 and the beginning to 33 000 at the end of the year. We have included some of these forecasts below in order to deliver a more comprehensive market sentiment concerning the future development of btc.
Market opinion for june 2020 a number of crypto forecasting sites made their own bitcoin price prediction for june 2020. The third bitcoin forecast scenario of. The technical situation on the btc usd pair is nearing a do or die point.
2020 will be a challenging year for bitcoin price with its climax in mid may. The panel s consensus was. Another panelist university of new south wales associate professor of finance elvira sojli said she expects the bitcoin price to be under 10 000 by december 31 2020.
As of 07 january its price has risen over 14 and nearly us 1 000 since the year s first day of trading 02 january to the present level of us 7 885. The year is off to a decent start so far for the digital gold. What s the forecast for bitcoin price in 2020.
Bitcoin s crypto bull market that started on april 2nd 2019 will simply continue regardless of its pace. The highest probability outcome is the one we see on the first chart below. As part of our bitcoin price forecast for 2020 we believe there are just 2 charts to understand what will be happening in 2020.
