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Bitcoin (BTC) Price to Reach $20-25k by Next Year: Analyst

The crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.


BITCOIN PRICE TO EXCEED PREVIOUS ATH


China has made it’s pro-blockchain and anti-crypto stance pretty clear. The People’s Bank of China issued warnings pertaining to cryptocurrencies disrupting the nation’s economic and financial order. Governments of top tier cities, including Beijing, Shanghai, and Shenzhen, put up risk alerts to the public warning of “illegal fundraising”, financial frauds or pyramid selling.


Latest crypto trading crackdowns in China or the usual BitMEX long liquidations could have caused bitcoin and crypto markets to slide. But it hasn’t deterred a crypto analyst from sharing his long-term bullish outlook for next year.


According to Amsterdam-based trader and technical analyst, Crypto Michael, bitcoin’s long-term trend is still intact. In one of his tweets from yesterday, Michael said:


#BTC #BITCOIN All in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside). Keeping the trend intact -> market is fine. Onwards to $20,000-25,000 in 2020. Read More

Bitcoin (BTC) Price to Reach $20-25k by Next Year: Analyst
Bitcoin (BTC) will reach new ATH in 2020