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Sunday, December 22, 2024

how much Bitcoin may cost at the end of 2021?

Will the first cryptocurrency(Bitcoin) update the historical maximum value and why its price is unlikely to fall to $ 10 thousand?

Bitcoin is likely to update its all-time high by the end of 2021, that is, it will cost more than $ 65,000, forecasts Mikhail Karkhalev, financial analyst at Currency.com crypto exchange.

Before China began to actively prohibit the cryptocurrency, the expert predicted the growth of quotations to $ 80-85 thousand.

Karkhalev warned that this is his personal opinion, which is not a recommendation or a call to action.

The analyst believes that in the event of a drop in quotations, Bitcoin is unlikely to cost $ 10 thousand.

Even if such a collapse occurs, the expert predicts that the cryptocurrency will be instantly redeemed, and its price will return above the levels of $ 20-25 thousand.

This situation may become a repeat of March 2020 when the bitcoin rate fell below $ 4 thousand, which was “a unique buying opportunity,” Karkhalev concluded.

On Tuesday, July 27, the bitcoin rate is $ 37.2 thousand. Over the past day, the cryptocurrency has fallen in price by 2.5%.

Its quotes fell sharply after they could not gain a foothold above the $ 40.5 thousand mark.

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