What will happen to cryptocurrency before the New Year?

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p><br><strong><em>Bitcoin<&sol;em><&sol;strong> will overcome the historical maximum of &dollar; 20 thousand&comma; and altcoins will continue to rise in price&comma; experts expect&period; They talked about whether it will be possible to <strong><em>buy BTC<&sol;em><&sol;strong> cheaper&comma; and what are the chances of updating the price records of <strong><em>Ethereum<&sol;em><&sol;strong>&comma; <strong><em>XRP<&sol;em><&sol;strong> and <strong><em>TRX<&sol;em><&sol;strong><br><br>On the night of November 25&comma; the bitcoin market rate rose to a new local maximum of &dollar; 19&period;4 thousand &&num;8211&semi; very close to historical highs of &dollar; 20&period;1 thousand&period; Then the <strong><em>cryptocurrency<&sol;em><&sol;strong> fell in price and now costs &dollar; 19 thousand&period; Since the beginning of the year&comma; <strong><em>BTC<&sol;em><&sol;strong> has risen in price by 150&percnt;&period;<br><br><strong><em>Chances for a new high<br><&sol;em><&sol;strong><br><strong><em>Bitcoin<&sol;em><&sol;strong> has already approached its all-time high and it will not be difficult to upgrade it by another &dollar; 500-1000&comma; says Mikhail Karkhalev&comma; financial analyst at Currency&period;com&period; &OpenCurlyDoubleQuote;Now there is a pronounced upward trend in the <strong><em>cryptocurrency<&sol;em><&sol;strong> market&comma; the growth is almost exponential&period; This only suggests that the market has a strong imbalance between supply and demand in favor of buyers&period; Any sales are immediately bought back&comma; and the growth continues&comma;” he explained&period;<br><br>There is little doubt that <strong><em>bitcoin<&sol;em><&sol;strong> will update its historical maximum by the end of 2020&comma; but no one knows how high the price of a <strong><em>cryptocurrency<&sol;em><&sol;strong> can rise&comma; says Anatoly Knyazev&comma; co-founder of the EXANTE brokerage company&period; Among the factors that he cites as drivers of <strong><em>cryptocurrency<&sol;em><&sol;strong> growth are institutional investors entering the market and PayPal’s addition of support for <strong><em>Bitcoin<&sol;em><&sol;strong>&comma; <strong><em>Ethereum<&sol;em><&sol;strong>&comma; <strong><em>Litecoin<&sol;em><&sol;strong> and <strong><em>Bitcoin Cash<&sol;em><&sol;strong>&period;<br><br>Updating the historical maximum by <strong><em>Bitcoin<&sol;em><&sol;strong> may be a &&num;8220&semi;false breakout&&num;8221&semi;&comma; after which a fall to &dollar; 16 thousand or &dollar; 14 thousand is possible&comma; warns trader and founder of Tradunity Dmitry Lavrov&period; Then the price is likely to return to an uptrend&comma; the expert suggested&period;<br><br>In December&comma; <strong><em>bitcoin<&sol;em><&sol;strong> should overcome the &dollar; 20 thousand mark and head towards &dollar; 25 thousand&comma; but it will be difficult to explain if the growth towards the intended target occurs without correction&comma; Lavrov said&period; It is now logical to expect a decline in the price of <strong><em>BTC<&sol;em><&sol;strong>&comma; as the coin has made a &&num;8220&semi;good move&&num;8221&semi; with minimal pullbacks in recent months&comma; he added&period;<br><br><strong><em>Wait for the correction&quest;<br><&sol;em><&sol;strong><br>The <strong><em>bitcoin<&sol;em><&sol;strong> rate in February-March fell from &dollar; 10 thousand to &dollar; 3&period;8 thousand amid the collapse of the markets&period; Then the price of the coin began to rise and in August rose above &dollar; 12 thousand&period; In September&comma; the growth gave way to a temporary decline&comma; during which <strong><em>BTC<&sol;em><&sol;strong> fell in price to &dollar; 10 thousand&period; After that&comma; the upward movement continued&comma; the asset rose another 90&percnt;&period; The dynamics since the March minimum was about 400&percnt;&period;<br><br>Correction after breaking the record of &dollar; 20 thousand is possible&comma; Knyazev continued&period; But in his opinion&comma; it is unlikely to be deep and long&period; Probably&comma; investors can sell a smaller part of assets in order to lock in profits&comma; but they will keep most of them in anticipation of further growth&period;<br><br>&OpenCurlyDoubleQuote;A deep drawdown&comma; like after the bubble of 2017&comma; should not be expected&period; In 2017&comma; <strong><em>BTC<&sol;em><&sol;strong> rose in price 20 times&comma; after which it fell 5-6 times&comma; and in 2020 <strong><em>BTC<&sol;em><&sol;strong> rose in price more than 2 times&comma;” the expert recalled&period; He clarified that the May halving prevents the collapse of the bitcoin rate&period;<br>Moreover&comma; if the price of the coin drops below &dollar; 16&comma;000&comma; it could attract new buyers to the market&period;<br><br>A possible correction will warm up the interest of market<div class&equals;"wp&lowbar;random&lowbar;inside"><span class&equals;"dashicons dashicons-star-filled"><&sol;span><a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;09&sol;02&sol;the-yield-is-from-850-and-above-the-five-most-expensive-altcoins-in-august&sol;">The Yield Is From 850&percnt; And Above&period; The Five Most Expensive Altcoins In August<&sol;a><&sol;div><p>participants&comma; agrees Karkhalev from Currency&period;com&period; It&&num;8217&semi;s too early to talk about the beginning of a downtrend &&num;8211&semi; the growth cycle of the first <strong><em>cryptocurrency<&sol;em><&sol;strong> is likely to continue until the second half of 2021&comma; he said&period; But this does not mean that you need to mindlessly buy everything&comma; the expert emphasized&period; He recommended not to forget to hedge risks&comma; as no one knows how the market will actually behave&period;<br><br>Brian Kelly&comma; CEO of the BKCM LLC fund&comma; expects a different development of events&period; He admitted that bitcoin temporarily reached its limit and in the near future may fall to &dollar; 12 thousand&period; However&comma; this does not negate the possibility of the coin&&num;8217&semi;s price rising to &dollar; 50 thousand in the long term&comma; Kelly said&period;<br><br><strong><em>Altcoin season<br><&sol;em><&sol;strong><br>Against the background of the growth of <strong><em>bitcoin<&sol;em><&sol;strong>&comma; altcoins showed positive dynamics&period; <strong><em>Ethereum<&sol;em><&sol;strong> has risen in price by almost 100&percnt; since the beginning of autumn&comma; to the current level of &dollar; 600&period; The XRP token has gained over 200&percnt; of its value over the same period and is now worth &dollar; 0&period;67&period; Yesterday&comma; November 24&comma; its price was understood to be above &dollar; 0&period;9&period;<br><br>Dmitry Lavrov admits that many <strong><em>altcoins<&sol;em><&sol;strong> may continue to rise in price if <strong><em>bitcoin<&sol;em><&sol;strong> does not enter a long-term decline phase&period; In addition&comma; a temporary depreciation of the main digital coin can be useful for an upward movement in the price of altcoins&period; However&comma; there are doubts that they will be able to renew historical highs this year&period;<br><br><strong><em>Altcoins<&sol;em><&sol;strong> will be able to renew their highs if bitcoin continues to rise to &dollar; 30-35 thousand&comma; predicts Karkhalev&period; Then a new &&num;8220&semi;crypto fever&&num;8221&semi; may begin on the market&period; Tokens such as <strong><em>XRP<&sol;em><&sol;strong> or <strong><em>TRX<&sol;em><&sol;strong> have relatively little liquidity&comma; so a large investment will not be required to increase their price by 300-500&percnt;&period;<br><br>The head of the Six Nines data center&comma; Sergei Troshin&comma; expects that in the coming months&comma; the share of <strong><em>bitcoin<&sol;em><&sol;strong> in the market will begin to decrease &&num;8211&semi; there will be a flow of capital from <strong><em>BTC<&sol;em><&sol;strong> to altcoins&period; They are more volatile&comma; and investors looking for rapid growth are not satisfied with <strong><em>BTC<&sol;em><&sol;strong> alone&period;<br><br>In order for popular altcoins to renew their all-time highs&comma; they must grow by hundreds of percent&period; For example&comma; <strong><em>Ethereum<&sol;em><&sol;strong>&comma; in order to exceed the record of &dollar; 1440&comma; needs to rise in price by another 140&percnt;&period; The <strong><em>XRP<&sol;em><&sol;strong> token should rise another 480&percnt; to break the all-time high of &dollar; 3&period;84&period;<br><br><br><&sol;p>&NewLine;<div class&equals;"wp&lowbar;random&lowbar;inside"><span class&equals;"dashicons dashicons-star-filled"><&sol;span><a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;06&sol;03&sol;ethereum-mining-in-may-turned-out-to-be-more-profitable-than-bitcoin-mining-by-1-billion&sol;">Ethereum mining in May turned out to be more profitable than Bitcoin mining by &dollar; 1 billion<&sol;a><&sol;div><p>