Technical indicators suggest that the price of Bitcoin could soon target $21,200.
Analysts are bullish as Bitcoin climbed past $19,000. The challenge is whether this will continue toward year-end.
Bitcoin reclaimed $19,000 in a massive move that saw it briefly touching $17,600. Analysts say the rally could resume if $19,000 is sustained.
The second-largest cryptocurrency is on the cusp of a record high once $600 is breached.
The following on-chain metrics are suggesting a significant upside for the price of Bitcoin in the future.
Despite a halt in Bitcoin's recent price rally, a key metric puts $20,000 as the key level that will open the floodgates for a higher price.
In its annual report, intelligence firm Messari labeled some cryptocurrencies as old coins that only have staying power because of their low price point.
Profit-taking and some whale activity have triggered the recent Bitcoin sell-off that saw the price dip to $17,600.
The Winklevoss twins reconfirmed their belief that one day, Bitcoin could be worth more than even the most valuable company in the world.
Bitcoin is showing signs of exhaustion as it fails to defend the $19,000 level. But analysts are confident this is just a short break from the latest rally.
Bitcoin and Ethereum have key drivers that contribute to their increase in price, according to Frank Holmes.
Jeremy Allaire said digital currencies will be a core building block of "infrastructure changes that will make America more competitive."
Bitcoin is trying to maintain the $19,000 level but a further breakdown could signify further price losses.
Didi Taihuttu, who sold everything for Bitcoin in 2017, is convinced the benchmark cryptocurrency will see an upsurge up to $200,000 by 2022.
Kevin O’Leary said he would be more open to Bitcoin if it has the backing of regulators.
Multiple analysts are predicting more upside for Bitcoin but one of them claims even $200,000 is a conservative bet for the benchmark cryptocurrency.
Bitcoin’s volatility continues as it immediately drops after inching closer to $20,000.
The Winklevoss twins said Bitcoin will soon disrupt gold and eclipse the shiny metal’s market cap.
Security firm Kaspersky Lab warned there could be an increase in cryptocurrency theft in 2021.
Bitcoin on record tear towards $20,000
Pizza Hut Venezuela said it must incorporate new payment options and must not be detached from technological advances.
Bitcoin has been in overbought territory in the last two months.