Bitcoin is plummeting, experts are still predicting the $ 25,000 mark

Crypto analyst thinks that Bitcoin could increase by 250% and reach $ 25,000 by 2021. Bitcoin price is complicated and unpredictable. At ...


Crypto analyst thinks that Bitcoin could increase by 250% and reach $ 25,000 by 2021.

Bitcoin price is complicated and unpredictable. At 7am this morning (December 12), on the Bitstamp exchange, the price of each Bitcoin stood at $ 7,182, down 0.8%, equivalent to each coin losing $ 67.

According to data from CoinMarketCap, in the last 24 hours, the volume of Bitcoin traded at about $ 16.6 billion, down nearly $ 2 billion, capitalization recorded at $ 131.2 billion, flat compared to yesterday.



Bitcoin is in gloomy days as it continues to slide, but many traders believe that the virtual currency could increase by 250% next year.

Bitcoin is plummeting continuously, but many analysts and professional traders believe that this virtual currency will probably rebound sharply in the future. According to Dave the Wave, a famous cryptocurrency analyst on Twitter, Bitcoin may drop further in the near future, but it will soon resume its long-term uptrend. Specifically, Dave said that Bitcoin will bottom out at a low of $ 6,000 by February 2020, then increase to $ 25,000 or higher, or about 250%.

Dave's judgment is based on the Elliot wave analysis method (technical analysis method is widely applied and popular among cryptocurrency traders).

Similarly, Galaxy Digital's famous fund manager Mike Novogratz of Galaxy Digital recently said that the top cryptocurrency will hit $ 20,000 and hit a new all-time high. in early 2021.

In October this year, the former "old wolf" of Wall Street is now an investor and fund manager of cryptocurrencies, Novogratz said that he expects Bitcoin to reach $ 20,000 in the next 18 months.

Back in the market, the weakening Bitcoin brought many other virtual currencies down.

Ethereum fell 1.77% to $ 143.5, capitalization reached $ 15.6 billion, trading volume in the nearest 24 hours was $ 7 billion.

Ripple fell 0.6% to $ 0.222, capitalization was pushed back to 9.6 billion USD.

Tether unexpectedly increased slightly by 0.9%, recorded at 1.01 USD.

Bitcoin Cash decreased by 0.2% to US $ 207.1, capitalization reached US $ 3.7 billion, trading volume in the past 24 hours reached US $ 1 billion.

Litecoin decreased 1.7% to round 44 USD, bringing capitalization to 2.8 billion USD.

EOS is down 1.1%, to $ 2.54, and its market cap is now at $ 2.4 billion

The other top 10 virtual currencies all declined by 0.5% -1.2%.

The total value of the virtual market is currently recorded at 197.5 billion USD, the trading volume of the whole market in the nearest 24 hours is 57 billion USD.

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High Tech Brain: Bitcoin is plummeting, experts are still predicting the $ 25,000 mark
Bitcoin is plummeting, experts are still predicting the $ 25,000 mark
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