April 23, 2024

After the correction, the bitcoin price will rise to $ 250,000 by the end of 2021

After the correction, the bitcoin price will rise to $ 250,000 by the end of 2021

The CEO of digital payment platform Abra believes that by the end of 2021, the price of bitcoin mayrise to $ 250,000, while the necessary healthy correction is expected in the cryptocurrency market, which happened the day before.

In a new episode of What Bitcoin Did with Peter McCormack, Bill Bargidt expressed the opinion that after a logical correction, the first resistance will be set at $ 60,000.

"If you analyze the chart, we haven't had a 30% pullback since we went back to $30,000 after rising to $44,000.If you look at the upward slope we've been on since December, we could hit a high of just below $60,000 in February and then drop 30%.Then the spiral will probably straighten out to $85,000-90,000 dollars."

Despite the short-term bearish outlook,Bargidt has no doubts about the large upside potential of the largest cryptocurrency, while the peak of the bull market will depend on the speed of purchases by large corporations.

"Once we get to the August time frame and get close to $100,000, the two PlanB models will startOne of his model of initial inventory says that in 24 months we will grow to $100,000.Another cross-asset model that reflects the next phase reads: This year, we're going to get a price tag of up to $250,000...

Last December, when I came to yourshow and talking to [Anthony Pompliano] and others, I predicted that Bitcoin would be worth $100,000 by the end of 2021. I think the forecast is correct, but if we get a bunch of other Fortune 500 companies making announcements like Tesla, that will push the price up to a quarter of a million very quickly.

Where is it more profitable to buy bitcoin? TOP-5 crypto-exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is determined by the trading volume andnumber of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 OKEx https://okex.com 7.4
3 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5
5 Yobit https://yobit.net 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

After the correction, the bitcoin price will rise to $ 250,000 by the end of 2021

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