“Bitcoin will always be the gold, Ethereum will always be the silver,” said the Shark Tank star.
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.
Some analysts still expect six-figure Bitcoin prices this year despite the recent market panic.25184
In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted.16644
Peter Brandt is bracing for bigger price drops as technical indicators suggest bulls will yet be spared an apocalyptic crash.60354
The creator of the stock-to-flow models, PlanB, says that Bitcoin is still acting “like clockwork” with regard to their predictions.55634
A blockchain-focused startup delivers a peer-to-peer approach that ensures users can transact with each other, rather than with brokers.8913
Scott Minerd seems convinced that a huge price correction is imminent as industry names line up to disprove him.44934
Bitcoin is nearing the market capitalization of Google, but why is this an important trend to observe?26818
The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats.43178
"Who’s gonna use the euro in its current form? There are gonna be so many choices," said ConsenSys South Africa lead Monica Singer.12464
Brian Armstrong expects other revenue streams to take the lead in five or 10 years.12387
Top funds in the U.S. expect Bitcoin to hit anywhere between $130K to half a million dollars in the long term.30627
$60,000 may soon go the way of $20,000, Filbfilb believes, but a potential sell-off around the Coinbase IPO means April could yet spark problems for bulls.44839
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.6297