The top 6 Bitcoin price predictions for the coming year 2021

That the Bitcoin price will reach $ 100,000 – $ 200,000 in the next 12 months is a fairly common, if not „conservative“ prediction. But if these are already being labeled as conservative, which price targets are more realistic?

While one is undoubtedly “in for the technology,” the most popular and hotly debated topic remains the price of Bitcoin (BTC) and speculation about its future value.

Bitcoin price is currently in a bull market cycle, up over 200% since the beginning of the year and outperforming pretty much everything else in 2020, with the exception of a few stocks like Tesla. But this rally seems to be different from the one from the end of 2017. On the one hand, the all-time high has definitely been broken and, on the other hand, it is primarily institutional traders who are accumulating, while the public is still largely sitting on the sidelines and watching.

A flood of money and credit plays into the hands of BTC

Six-digit price forecasts for Bitcoin are becoming increasingly common in this bull cycle, with central banks‘ accelerated monetary expansion being the main driver for such assumptions.

In fact, billionaires and long-established investors like Ray Dalio are starting to warm to the idea of ​​Bitcoin alongside gold. BTC is increasingly perceived as an opportunity to diversify against what Ray Dalio calls, for example, „the depreciation of money“. On Reddit , the economist warned readers there with the following words:

“We are in a deluge of money and credit that is raising most asset prices and distributing wealth in a way that the system we believe is normal cannot and is a threat to the value of our money and credit.

Why does that play into the hands of the valuation of BTC? Quite simply, because apart from the fact that Bitcoin was conceived as a deflationary monetary good in the future, the Bitcoin price is mainly measured in dollars. Ray Dalio puts it like this:

Most likely, this tide will not recede, so these assets [like Bitcoin] will not go down when measured in the decreasing value of money. It is important to be well diversified, both in terms of currencies and countries, as well as asset classes.

Will Bitcoin Price Reach $ 100,000- $ 200,000?

Mark Yusko, the CEO of Morgan Creek, believes the Bitcoin price could exceed $ 100,000 over the course of the next year. This estimate reflects the forecast of the popular stock-to-flow (S2F) model, which its creator PlanB says BTC is still on the right track. Last month he repeated that he no longer has any doubt that the Bitcoin price will reach $ 100,000 by December 2021 due to a „supply shortage“. Last month , he tweeted about this:

People ask if I still believe in my model. To be clear, I have no doubt that Bitcoin S2FX is correct and that Bitcoin will hit $ 100,000-288,000 before December 2021.

Is $ 200,000- $ 300,000 a „conservative“ forecast?

The price of BTC has done an insane rally this year with a good 300%. Still, Bitcoin price predictions of around $ 200,000 by the end of 2021 assume that the leading crypto currency will far outperform this successful year. Because in order to achieve this price target, measured against the current price, BTC will have to add a further increase in value of a good 700%. That’s quite a lot!

Nevertheless, this price prediction even seems relatively tame when we compare it with the Bitcoin price predictions of other analysts. For example, popular on-chain analyst Will Woo says he’s seeing more evidence of “hodling” this time around, as well as dwindling supply of BTC on the exchanges as a result of the aforementioned inventory shortage.

La société Mainstream Investment Titan Fidelity tiendra Bitcoin en garantie pour les prêts en espèces

Fidelity Digital Assets permet désormais à ses clients institutionnels de mettre en gage Bitcoin comme garantie pour les prêts en espèces.

La nouvelle offre, selon un communiqué de presse, visera les grands clients institutionnels comme les fonds spéculatifs, les mineurs et les bureaux de négociation de gré à gré, leur permettant de liquider leurs avoirs en Bitcoin et d’accéder au capital sans avoir à vendre leurs positions.

Fidelity s’est associée à BlockFi, la principale plateforme de cryptoprêt et fournisseur de liquidités de CME Bitcoin Futures, pour faciliter sa nouvelle offre numérique. Fidelity ne sera pas l’auteur du prêt lui-même, mais fournira ses services de garde pour faciliter l’efficacité du capital et garder les actifs en sécurité.

Pour sa part, BlockFi, le cryptoprêteur, aidera à gérer le risque en offrant des liquidités d’une valeur de 60 % d’un prêt garanti par Bitcoin. Pour utiliser cette nouvelle fonctionnalité, les clients de Fidelity devront ouvrir un compte auprès de BlockFi.

Fidelity a suscité l’intérêt des institutions pour une réserve de valeur non corrélée telle que Bitcoin Rush, qui a connu une croissance significative l’année dernière grâce à des mesures de relance budgétaire sans précédent qui ont entraîné une hausse de l’inflation, tandis que Bitcoin a augmenté de 150 % en 2020, devenant ainsi l’actif le plus performant de l’année.

Christine Sandler, responsable des ventes et du marketing de Fidelity Digital Assets, affirme qu’en combinant des prêts à risque et une garde de titres, les institutions pourront accéder à davantage de capitaux et continuer à se développer sur le marché numérique.

„Nous continuons de voir une demande d’efficacité accrue du capital de la part des institutions qui maintiennent des positions longues en bitcoin, et avec cette capacité d’agent de garantie, nos clients qui recherchent cette efficacité peuvent accéder à plus d’opportunités avec le capital qu’ils nous font confiance pour le garder en sécurité.

Pour Fidelity Digital Assets, il s’agit d’un premier pas passionnant pour soutenir le marché florissant des prêts d’actifs numériques et pour approfondir nos relations au sein de l’écosystème des actifs numériques avec des entreprises de premier plan comme BlockFi, ce qui nous permet de fournir encore plus de solutions de qualité institutionnelle aux investisseurs dans ce domaine“.

Did Bitcoin just mark a floor? BTC claims the $19,000 level as the new rally gains momentum

Bitcoin surpassed $19,000 after hitting a low of $17,600, as traders expect BTC to continue rising.

The Bitcoin price (BTC) started to rise again on December 13, rising above the $19,200 level after falling below $17,600 on Friday. The significant increase in buyer demand in that area indicates that BTC may have seen a short-term floor.

Anthony Pompliano discusses his Bitcoin outlook for 2021

When Bitcoin Revival initially fell to around USD 17,700, on-chain analysts, including Edward Morra and Nik Yaremchuk, pointed out that there were large purchase orders at Bitfinex and Coinbase.

As soon as the BTC price briefly reached USD 17,700, it began to recover quickly, recovering to USD 18,000 in just three hours.

Is this Bitcoin’s new attempt at an all-time high?

Conventional technical analysis suggested that Bitcoin’s logic floor would probably be set at USD 17,000. It marked the peak of a weekly candlestick in January 2018, and it’s also an important support area in the shorter time frame charts.

Exchanges BITpoint partners with Chainalysis to improve security and compliance in Latin America

Morra noted that Bitcoin could have randomly recovered to $17,600 if traders weren’t looking at heatmaps of the exchanges.

Bitfinex order book for Bitcoin.

The order books and heat maps showed the whales bidding heavily at the level of USD 17,600, which probably marked a local ground. Morra said:

„Finex and whale protection. Keep in mind that the regular charts looked very ugly and the price bounced off of nothing if you didn’t look at the heat maps.

Yaremchuk, a crypto-currency trader and on-chain analyst, shared a similar sentiment when Bitcoin reached USD 17,600. On December 11, the trader said:

„On December 11, the trader said: „$BTC reached USD 17,600 in my opinion, this is the bottom.

Bitcoin 4-Hour Trend Line Chart

Bitcoin’s rebound from USD 17,600 is excellent news because it printed a higher minimum formation on the 4-hour chart. This means that the soil of the recent correction is higher than the previous soil, a trend often seen during upward trends.

Bullish Divergence, ‚Buy Signal‘ TD9 Lines Up for a New Bitcoin Relief Rebound

The price of Bitcoin also began to rise after it exceeded USD 18,800, which Cointelegraph identified as a potential whale group area and a key resistance level.
Next levels to watch out for

In the short term, there are two key factors to consider. First, as Cointelegraph has consistently reported, Bitcoin sales pressure remains relatively high. Second, this would mark the second time that the historical high has been tested since November 30th.

Bitcoin’s performance is outperforming the 2016 halving that caused the all-time high of $20,000

It can be argued that there is now less short-term selling pressure since the miners and whales sold large quantities last week. In other words, this was the long-awaited correction and the upward U-turn has been confirmed.

The likelihood of new all-time highs increases even more if Bitcoin breaks through the $19,400 resistance soon and remains at low selling pressure.

Why shouldn’t a 30% drop in Bitcoin’s price come as a surprise?

A pseudonymous trader known as „Beastlorion“ said that the lack of selling pressure could trigger a major rally in the near future, saying

„The price action in $BTC at the moment is something else. There’s like 0 selling pressure. It looks like the price is being pulled up at this point instead of being pushed. Just look at those volume bars. Great pump () in my opinion“.

Want to be the sole master of your money? Ledger will also launch its Bitcoin bank card.

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Ledger is modernising its offers – Ledger is modernising and announces the arrival of new services for its customers. On the program: a bank card which would allow to spend cryptomonnages in physical shop. ETH2’s staking should Bitcoin Rush also be available soon.

Ledger and its debit card 2.0
First announcement, and not the least: the upcoming launch of a debit card to make purchases in cryptomonnages in physical shops. Pascal Gauthier, CEO of Ledger, made this announcement through a video, whose objective was to review the strong points of the firm. In addition to this new CB, Ledger also discussed the staking of ETH2.

Unfortunately, Ledger did not give more information about the deployment of its new bank card. Will there be a cash back on purchases? What about conversion and transaction fees?

Faced with offers from competitors, such as Coinbase and Crypto.com, Ledger will have to be competitive in order to have a leading position in this market.

ETH 2.0 and modernisation plan
On November 18th, the French company published on its blog a new version of the Ledger native Ethereum application. Owners of the Ledger Nano X can now update their wallet. For those who own the Ledger Nano S, an update will be available later, during 2021.

The new version 1.2.4-5 of the Nano X includes the EIP 2333, which is now officially supported. This is a crucial element to support the transition to Ethereum 2.0.

To accompany these changes, Ledger has announced the recruitment of Ian Rogers, a well-known figure in the digital world, as Chief Experience Officer (CXO).

With this announcement, Ledger aims to diversify its activities and conquer new markets. Today, it is no longer a question of securing only cryptomoney. The introduction of debit cards (and eventually staking for ETH 2.0) represents a real innovation for the French company.