Bitcoin is actually overshooting the popular S2F model price as the month of March begins.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never sleeps. As a cryptocurrency’s value is determined by an open market, this presents unique challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
Without getting into the weeds of technical analysis, what most traders and market analysts are hoping to discern is the overall sentiment of the market, which falls into two basic categories:
- A bull market occurs when the price action appears to steadily increase. This is also known as a “pump,” as the influx of buyers increases the prices.
- A bear market occurs when the price action appears to steadily decrease. This is also known as a “dump,” as the mass sell-off results in the price going lower.
Price prediction and asset speculation is a high-risk venture, so stay tuned to Cointelegraph’s daily market analysis to better navigate the ebbs and flows of crypto.
Will they or won't they happen? Amid debates over how safe the Olympic games can be in 2021, cryptocurrency traders can now bet on the likelihood of their eventual go-ahead.3384
Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, "barring a nasty selloff."31672
The Ballet CEO predicted a Bitcoin price between $200,000-$250,000 before 2022.30175
"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter.34772
JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.”25457
Bitcoin could see in excess of 10x growth in the mid term should historical trends repeat for a third time, says ARK Invest's Yassine Elmandjra.36161
63%of 800 respondents in the U.K. are planning to buy Bitcoin in 2021, according to a new survey by Investing.com.20546
Guggenheim Partners’ Scott Minerd now expects Bitcoin to drop to $20,000 after predicting a $400,000 long-term price target a month ago.29904
“Only by widening the playing field and facilitating more participation will crypto reach and maintain a market cap of $2 trillion and beyond.”7561
Ether’s ongoing proof-of-stake upgrade combined with its DeFi potential and new all-time high could trigger its price to rise above $10,000, according to one analyst.27405
Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method.12542
Pantera Capital CEO Dan Morehead believes that propelled adoption will drive the Bitcoin price above $100,000 by August 2021.19721
Dogecoin, Lindsay Lohan, Ivan On Tech and the New Zealand government, What do they all have in common?20753
Coley said that Bitcoiners could see an "accelerated" version of the 2017 bull run eventually driving the price to $100,000.24415