The probability of a rise in the bitcoin rate to $ 20 thousand by the end of the year is 7%

According to the analytical resource Skew, today the chance that by December 31, 2020 the bitcoin rate will reach a record level of $ 20 thousand is 7%.

According to the applied forecasting modelcompany, the probability of an increase to a historical maximum by March 2021 is 14%, and by June – 18%. At the same time, there is a 20 percent chance that by the end of the year the price of military-technical cooperation will rise to $16 thousand.

The interest of institutional investors will have a significant impact on the dynamics of the leading cryptocurrency. Currently the majorityorganizations prefer long positions, which contributes to the current growth of bitcoin.

Statistician Willy Woo also found that on Wednesdaylarge investors withdrew 250,000 BTC from the trading turnover of spot exchanges. Assets have been moved into cold storage, indicating long-term retention.

In addition, analysts have noted a threefold increase in the trading volume in the bitcoin futures market over the past two days compared to the October average.

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