Will Bitcoin Hit a Fresh All-Time High Before 2020 Ends?

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Bitcoin reclaims the high that it had hit in the year that is known for the crypto boom—2017 when the foremost crypto hit an ATH at $20k. Alongside, it was just yesterday when BTC crossed above $18k but corrected downsides and is trading around $17.8k at the time of penning down.

Like the 2017 boom, Bitcoin is back to gaining the spotlight, and the current price hike is one of the significant events of the year after BTC 3rd halving and undoubtedly Coronavirus, the Pandemic. The talk of the town security was mentioned by the billionaire investor, Mike Novogratz, just at the onset of the week when he predicted Bitcoin’s price to rise and hit $65k. His poll about buying BTC or not gained major traction led to a conclusive answer where most of the respondents failed to support the idea of the major cryptocurrency.

Getting into the stats of the poll, from over 9 lakh respondents, over 50% said no to investing in Bitcoin. Well, who cares? The platform where the poll was held, i.e., Twitter, is a major fam for crypto lovers and loyalists. However, Bitcoin has always been surrounded by controversial prices. Over the past two years, when it was seen consolidating clearly below $14k, many predicted the price to crash and drop to $100.

Now, when we are back to almost reclaiming the lost height in the year where millions lost their lives, jobs, incomes, stock market investments, families, and friends, here is Bitcoin shocking millions, on the other hand. Well, just as we near the end of this year that no one ever thought about, many loyalists believe that BTC will continue to fresh highs right before the end of the year. And we cannot get enough of people predicting the price of Bitcoin this Christmas!

Having said that, it was just in the above tweet where Tyler Winklevoss wrote that Bitcoin is likely to cross $318k as per the predictions drawn by Citibank towards the end of the next year. In this regard, the short-term target, which includes the prediction of Bitcoin towards the end of the year, is going to be above $20k, as per the current momentum.

With Bitcoin and cryptos taking over, the time is not far when fiat will start vanishing as predicted by any market veterans.

The price is just hitting the right chords, and Bitcoin is experiencing the most awaited boom of the past two years.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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