Bitcoin Fundamental Analysis
Bitcoin is the world’s first digital currency in the world. Before Bitcoin, there was no such currency. It is not tied to anything and its price is regulated by market supply and demand. Bitcoin is a worldwide payment system through which transactions can be conducted. Its main feature is that the Bitcoin system does not have a control center and all operations take place in a network by equal customers. Bitcoins aren’t printed like dollars — they are issued by the participants of the system all over the world, who use freely available software to solve complex mathematical problems.
Curr. Supply/Total Supply
Bitcoin Live Price Chart
Bitcoin Technical Analysis
Despite the fact that 100% accurate technical analysis for Bitcoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated BTC buy-and-sell rating for selected timeframe. The summary for BTC/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Bitcoin Price Prediction
Below we have collected the most reliable price projections for Bitcoin (BTC) from popular forecast platforms.
#1. WalletInvestor BTC Price Prediction for 2021 and 2025
According to WalletInvestor, Bitcoin price will grow from $57041.58 to $78329.40 in one year. That makes BTC a awesome investment. The long-term earning potential is 37.32%. Predicted price for the end of 2026 is $165424.
#2. TradingBeasts BTC Price Prediction for 2021-2022
Answering the question about if Bitcoin is a good investment, TradingBeasts say resounding no. In the 2021 perspective, this coin price is predicted to reach $51,812.231 with a growth to $64,116.678 by the end of 2022.
#3. DigitalCoin BTC Price Forecast for 2021-2025
In DigitalCoin analysis, the price of Bitcoin cryptocurrency will rise in the next 5 years starting from $56763.9 as of today’s price to $203459.249. It will go up to $96133.221 by 2022 and continue its growth in 2023-2024. Based on the forecast, Bitcoin is profitable long-term investment.
#4. LongForecast BTC BTC Price prediction for 2021-2022
In 2021, the average price will go up to $75947.056. In 2022, Bitcoin’s price will raise significantly to an average of $124298.25.
As it can be clear from the analysis cited above, Bitcoin (BTC) projections are rather contradictory. There is no universal consensus either about positive or negative future BTC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Bitcoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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