In this bitcoin forecast fran strajnar believes that its price will reach new highs of 200 000 by the year 2020. The final bitcoin price prediction 2020 that i wanted to discuss is by the ceo of brave new coin a cryptocurrency research organization. John mcafee s bitcoin price prediction 1 000 000 the charismatic obscene and explicitly anti establishment technologist john mcafee made his own famous prediction as to where bitcoin s price will go in 2020.
Blockchain capital believes btc will surpass 20k in 2020 as does su zhu of three arrows capital while a partner at the spartan group believes bitcoin will reach 40k and he s not alone with other bulls including bithumb s seonil moon who has predicted that in 2020 institutional investors will move beyond testing and will start to create new demand for crypto. Up until june 9 th btc traded closely. The next day btc lost its gains and went down to 9 529 80 towards the end of the day.
June started on a positive note for bitcoin as it went from an opening price of 9 463 61 and managed to get past the 10 000 resistance it had been trying to overcome for some time now closing the day at a price of 10 167 27. There s 1 future event that was considered while producing this bitcoin forecast. Event based forecast algorithm our unique event based bitcoin prediction algorithm is estimating that btc dollar value is going to reduce and will be 18 1 reaching towards 7 552 5 by 06 03 2020.
That gave bitcoin just over a year to spike by nearly 243 000. At the end of last year draper confidently stated that he thought bitcoin would potentially reach 250 000 by the time 2020 was over. The financial services firm stated that it expects the cryptocurrency to retest its all time high levels near 20 000.
It has been close to two months since the day bloomberg made its boldest bitcoin prediction. Observers believe that safe haven assets as well as equities could rally further into 2020 because of the tina effect. Our view for the balance of 2020 is still high volatility with a year end of around 7 000 per bitcoin with a drive higher to new highs in 2021 gavin smith the chief executive of bitcoin and.
The good news is that in the year to date ytd period bitcoin is up 33. According to data from cryptocompare currently as of 11 48 utc on june 7 bitcoin is trading at 9 590 down 1 in the past 24 hour period which means that this is the fifth consecutive day on which bitcoin has remained below the 10k level. Glassnode alerts glassnodealerts june 7 2020 bitcoin s price action.
We have included some of these forecasts below in order to deliver a more comprehensive market sentiment concerning the future development of btc.
Bitcoin june 2020 prediction. Market opinion for june 2020 a number of crypto forecasting sites made their own bitcoin price prediction for june 2020.
Market opinion for june 2020 a number of crypto forecasting sites made their own bitcoin price prediction for june 2020.
