[2020-12-18] BTC bull run to last until the second half of 2021?

[S3cco]

BTC bull run to last until the second half of 2021?
https://bitcoingarden.org/btc-bull-run-to-last-until-the-second-half-of-2021/

This BTC bull run is set to last until the second half of 2021, according to the majority of panellists (58%) featured in Finder’s Bitcoin Price Predictions report.

On average the panel of 47 experts and fintech leaders expect BTC to more than double by the end next year to $51,951 per BTC. 46% say now is a good time to buy Bitcoin, 43% hold and 11% sell.

Bitcoin developer Jimmy Song, who believes the bull run will last until the final quarter of 2021, says both supply and demand is driving the rally.

“The halving caused the supply to decrease [e]ven if demand stayed the same, that would explain why the price went up. Demand has gone up because of the insane money printing, so the combination has led to a pretty nice price-rise. I expect the supply shock to continue in 2021,” he said.

However just over half the panel (52%) thinks Bitcoin will see a sharp (50% or more) drop from it’s peak valuation at the end of this bull run.

36% said increased regulation could cause the rally to come to a halt and over a quarter (27%) said a share market drop would hurt Bitcoin’s price, many suggesting this would cause investors to sell cryptocurrency in favour of cheaper shares.

A number of panellists, including CEO of Invest Diva, Kiana Danial, also noted that a strong valuation will cause Bitcoin ‘whales’ to dump the coin....

[NNRR]

Bitcoin movement very strong bullies mode.i hope Next year also crypto user see new another record ATH. Maximum big crypto investor hold bitcoin.

[Lucius]

These so-called experts are just ordinary people who like to have fun with speculation, and use their positions to present it to the public as something relevant. When you read that someone says that the price of Bitcoin will be exactly $51 951 by the end of next year - then you wonder if these people have any tendency to predict the future by looking at the crystal sphere or cards?

What they base their prediction on is something that anyone with a little common sense already knows well - it's not Santa Claus who caused the price of BTC to rise, nor has a crypto fairy touched the blockchain with his magic wand

[bryant.coleman]

These so-called experts are just ordinary people who like to have fun with speculation, and use their positions to present it to the public as something relevant. When you read that someone says that the price of Bitcoin will be exactly $51 951 by the end of next year - then you wonder if these people have any tendency to predict the future by looking at the crystal sphere or cards?

What they base their prediction on is something that anyone with a little common sense already knows well - it's not Santa Claus who caused the price of BTC to rise, nor has a crypto fairy touched the blockchain with his magic wand

I agree. When Bitcoin goes up, it goes up very fast and the same is applicable when it goes down. The current rally should take Bitcoin to the vicinity of $50,000, but I don't think that we need to wait until the end of next year to witness it. If Bitcoin has the potential to reach $50K, then that level may be attained by mid-2021. But no one can really predict upto which level Bitcoin will rise during this rally. It can go up to 30K, 50K or even 100K.

[Karartma1]

I've never liked predictions. This is the worst form of click-baiting: bitcoin is too sexy now and these guys need to eat. Don't fall for predictions, and keep studying why bitcoin is the best asset to have in our lifetime. If it keeps working this way, you know, the sky is the limit.

[cabron]

$51000 is a conservative number but Its just too small for the currency that only have 21M supply while the world is about to go full adoption of Cryptocurrency. Just think about hiw many institutions buying BTC as of today while each country have thousands of them.

They already have the glimpse of the future and it wouldn't take long till they are going to be jumping right in. I say join to bet the 100k and maybe the bullrun will not end til regulations are ironed well.

[Lucius]

I've never liked predictions.

I don't mind someone playing with numbers, but such speculations with the exact amount look more like some games on the forum where members compete who will hit the price of BTC, and whoever is closest wins the prize. Furthermore, it is now easy to say that the price will probably double next year - we are in a bull run, we do not need experts to tell us that.

I appreciate more people who give their forecasts for a longer period, and even more when they have the courage to do the same at the time of the biggest bear market. I think we can see the real difference between those who really know something, and those who just want to ride on the current wave of opportunity.

[TalkStar]

Everyday we are getting bitcoin future price related prediction from many sources but bitcoin holders are playing the key role in the real field. You have to keep in mind that experienced investors never rely on predictions where they do their own research before finalising their investment. Recently institutional investors are purchasing bitcoin in large amount and panic sellers are selling.

Do you think these seller have no information about price prediction? Yes they have then why they are doing this. Its because a few amount of people keep trust on predictions and most others like to follow their own strategy. All i can say that bitcoin price can reach 400000$ or it can go down to 1000$ but you have to make your entry cleverly.

Still now upcoming 2021 is looking good for bitcoin and its overall price growth but i am looking forward to see how far Institutional investors will hold their bitcoin. A lot of things depend on that.

[Lucius]

TalkStar, it is my opinion that many were convinced that what happened in late 2017 and early 2018 will be repeated. Of course, at least for now, they were completely wrong because the money in the game is really huge, and we are still in the year of halving - two good reasons that the price can be kept at such a high level. However, there are those who sell because they have large quantities of BTC that they bought or mined at very low prices, and they sell part of their supply. It seems to me that even institutional buyers can't pick up everything available in the open and OTC market so quickly - I think those quantities are still quite large.

I agree that big investors with their strategy are unknown in terms of the time period in which they will or will not sell what they are buying now. The general opinion is that most of them enter in the long run and that these coins will not be available for sale so soon - but the truth is that nothing prevents any of them from selling at any time.

[Argoo]

Bitcoin movement very strong bullies mode.i hope Next year also crypto user see new another record ATH. Maximum big crypto investor hold bitcoin.

Such forecasts simply support us in the world of cryptocurrency and allow us to be more optimistic about its possible price growth. They are mainly based on a little previous practice of the existence of cryptocurrency, and are presented, as a rule, in the form of tables and diagrams. All this must be taken into account, however, be skeptical about such information. Bitcoin should still rise in value, but this is unlikely to be continuous growth. Price ups and downs will continue to be repeated and it is possible that we will still be able to see the price of bitcoin within 10,000 dollars.

[coolcoinz]

I agree with the majority here. Not that I'm an expert in the case but I'm a long time holder and it really looks like this bull run is here to stay longer than the those in 2013 and 2017.
2013 was all gox bot adding fuel to the fire. 2017 was just crazy and full of FOMO and people trying to get rich on ICOs. This time it's much slower and more calculated and we're making new highs almost every week, despite many people selling. To make us break down we'd need some big negative news or a big green candle that would take us up another 10k in a matter of days. That could maybe start a correction, but now there's really not much to correct from. Going from 25k to 20k isn't going to scare anyone.

[posi]

I agree with the majority here. Not that I'm an expert in the case but I'm a long time holder and it really looks like this bull run is here to stay longer than the those in 2013 and 2017.

Thats the impression of all crypto holder/investors due to the new traffic the Bitcoin market gained in the institution and private companies setting but I expected the bullrun to last till Q4 of the year 2021 and that doesnt mean market correction wont happen though.

This time it's much slower and more calculated

Thats the effect of the pandemic which lead economic meltdown, luckily to showcase Bitcoin to the world.

and we're making new highs almost every week, despite many people selling.

Thats because the institutions are not selling their holding lets hope they continue to hold and don't manipulate the market.

[Sithara007]

Bitcoin prices are increasing very sharply. During the last three months, they have risen by more than 160%. Going by this trend, we can expect exchange rates in excess of $100,000 per coin if the bull run lasts for another six months. But personally I don't expect the rally to go on for that long. There will be a strong correction in the prices, as a result of profit booking by short-term and medium-term investors.

[dansus021]

Bitcoin prices are increasing very sharply. During the last three months, they have risen by more than 160%. Going by this trend, we can expect exchange rates in excess of $100,000 per coin if the bull run lasts for another six months. But personally I don't expect the rally to go on for that long. There will be a strong correction in the prices, as a result of profit booking by short-term and medium-term investors.

Total Agree bitcoin make me happy and sad at same time the bitcoin price keep going up  and i dont have any and everyone waiting for the price correction but till this date sign of bullish keep coming
Hi @Secco how it going ? 

[Vishnu.Reang]

Even at current level, the combined cryptocurrency market capitalization is yet to reach the peak levels that were attained during 2017-18. Therefore I still think that there is room for a lot of growth, after taking in to account the increase in adoption and acceptability after 2017-18. My conservative estimate is that the current bull run may go on until $50,000. But there is enough potential to go much beyond that level.

[sanjusajan]

yes. the bitcoin in this year, it will break the cryptocurrency record by going $50000 in coming next year.  and  I think it will be never decrease the users  for the bitcoin.

[aysg76]

Predicting for such a long time like next year and then also believing it, is mere stupidity. You can predict for shorter run by analyzing the charts but in case of bitcoin which usually waters the hope of analysts in regular intervals is so hard.

The only prediction that gonna get true is that the price of Bitcoin is going to get an increase in the long term. That's all.