Bitcoin price will reach a new all time high in early 2021

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Bitcoin price

The Bitcoin price has broken through the $ 13,400 earlier this week, however, the price has fallen back a bit and is currently moving around $ 13,222 (about € 11,260). Due to this nice increase, various analysts have again posted their predictions about what the next steps of the royal currency will be. We have listed the most striking ones below.

Raoul Pal predicts new all time high

Former hedge fund manager at Goldman Sachs, Raoul Pal, has indicated that the Bitcoin price will surpass its all-time high. He predicts this will happen before the beginning of 2021. Raoul Pal is very bullish on Bitcoin and previously predicted that the Bitcoin price will reach $ 1,000,000 within 5 years. He also recently said that Microsoft and Apple will eventually invest in BTC as well The former hedge fund manager posted the chart below, saying: “There are literally only two resistances left on the Bitcoin chart - $ 14,000 and then the old all-time high of $ 20,000. I expect new record highs by the beginning of next year at the latest. ”

Bitcoin exchange rate

Don't have an account on the largest cryptocurrency exchange Binance yet? Create an account now and receive a 10% trade discount! Bitcoin heading towards $ 17,000 An analyst suggested that if the Bitcoin price breaks through $ 14,000, the way is open to reach $ 17,000. When Bitcoin also broke above $ 14,000 on December 6, 2017, it took only 11 days to reach its all-time high of $ 20,000.

The analyst posted the chart below, saying: “Bitcoin has retested the IH&S neckline and has stayed above it. If $ BTC now breaks and stays above $ 14k, the path to the target would be open. So far, the local highs have been just above Fibonacci levels (liquidity before corrections). The next level corresponds to the IH&S goal. ” The well-known Dutch cryptocurrency analyst CryptoMichaël recently indicated that he expects the Bitcoin price to rise towards $ 17,000 early next year. He posted the chart below, saying: “I think this is a likely scenario where I don't expect a breakthrough by the $ 14,000. A new test of the previous resistance zone to build momentum into the next rally towards a Bitcoin price of $ 17,000, which will start next year. ”