Bitcoin price of $20.000 incoming?
According to multiple analysts, the price of Bitcoin is set to experience a breathtaking rally. Fundamentals are looking good, and momentum seems to be on the side of the bulls.
The Bitcoin hash rate is currently at an all-time high, active address, and companies like Square and MicroStrategy are investing their company treasure in Bitcoin. Crypto asset manager Grayscale has hit a record of assets under management with $6,4 billion, indicating increasing interest from institutional investors.
Also, the Stock-To-Flow model creator is expecting a rise in the price of Bitcoin within the next few months. Important to note is that these are all predictions, but as we all know, Bitcoin is quite unpredictable.
The Bitcoin hash rate is currently at an all-time high, active address, and companies like Square and MicroStrategy are investing their company treasure in Bitcoin. Crypto asset manager Grayscale has hit a record of assets under management with $6,4 billion, indicating increasing interest from institutional investors.
New all-time-high incoming?
Analysts are stating that Bitcoin is poised to break the resistance of $12.000 and will not stop there. They anticipate Bitcoin will continue to rise until around the level of the previous high, $20.000, within three months.Also, the Stock-To-Flow model creator is expecting a rise in the price of Bitcoin within the next few months. Important to note is that these are all predictions, but as we all know, Bitcoin is quite unpredictable.