Cryptocurrency Price Analyst Predicts Bitcoin (BTC) USD Value to Reach $30,000 By 2021
It seems that Bitcoin (BTC) could reach $30,000 as soon as 2021 according to AngeloBTC, a recognized trader that was able to obtain thousands of BTC during the bull run of 2017. Since the market started to be in a bear trend, he stopped posting information about digital currencies and he reduced his presence in social media.
Although he has been far from the bear market, he wrote on Twitter on March 9, that he is “bagholding” Bitcoin and he has never been more bullish.
— Angelo฿TC (@AngeloBTC) March 9, 2019
He shared on the popular social media a TradingView chart in which he shows that Bitcoin could eventually reach $30,000. He wrote that the market cap is undervalued and it can have an impact in the future.
About it, he commented:
“Cryptocurrency as an asset class is minuscule – a drop in the bucket. A $1T+ market capitalization would still be undervalued for crypto to have any meaningful impact as a store of value/currency.”
AngeloBTC explained that Bitcoin is a different investment tool that has a binary outcome. The digital asset could go as high as 10 times or just fall down to zero. “There is no in-between,” he says.
There were several crypto influencers on Twitter that were very happy to see that AngeloBTC returned to the market. Both Crypto Monk and Crypto Cobain shared their point of view on the matter.
There are other cryptocurrency price prediction analysts that believe that Bitcoin could reach new lows in the near future before starting to grow again and reaching new highs. Most of them agree that Bitcoin is going to be reaching new highs in the future.
At the time of writing this article, Bitcoin is being traded close to $3,934 and it has a market capitalization of $69.17 billion. If it wants to reach $30,000 it will have to grow 657%.