Crypto Michael (@CryptoMichNL) believes that Bitcoin could rise in price to $ 15,000- $ 17,000. At the same time, a staff trader The Amsterdam Stock Exchange is confident that BTC / USD will consolidate for several more months before going to new levels.
Bitcoin in 2020
For bitcoin, 2020 started with a rise to $ 10,500. However, coronavirus hysteria and news of the impending financial crisis caused BTC to drop to $ 4,000. Later, bitcoin resumed its growth and has already tested the highs of the current year three times.
The main driver of growth in the cost of the firstcryptocurrencies - news from the USA. The US federal court recognized bitcoin as money. This means that retail stores across the US could start accepting bitcoin as a means of payment, which will significantly increase the demand for BTC. It is worth noting that a large number of people are already using bitcoin for mutual settlements.
The first cryptocurrency is used not only asmoney. A few years ago, advanced investors added a "cryptocurrency share" to their portfolio structure, and a new type of participants appeared in the financial markets - cryptocurrency traders.
At the end of 2017, one bitcoin was worth almost$ 20,000. After the explosive growth, the value of BTC fell and for several years did not rise above $ 10,000. After the decision of the US Federal Court, the first cryptocurrency can go to levels in the region of $ 15,000- $ 17,000 and later update the absolute maximum, which means that Bitcoin is an excellent investment vehicle.