Tom isn’t shooting for the moon.

Bitcoin Price: $12K Level Proves Hard Nut to Crack. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Want to bookmark your favourite articles and stories to read or reference later? $0.0000 January 1 12:00 AM. It is currently trading above $12,400.

Mission: Providing a framework to improve your investing PROCESS, while collecting newsworthy information about trends in business, politics and tech areas. You can also choose to be emailed when someone replies to your comment. He sets forth a relatively conservative prediction for Bitcoin’s price in 2020.

Market cap $ 222.6B. Simon Peters, a multi-asset analyst at online trading platform eToro, told The Independent: “Emphasis will be on how the price reacts at $12,000, given we haven't convincingly stayed above the threshold this year.

According to our very own HodlCalc, buying and holding Bitcoin has been profitable for over 92% of investors. As CryptoPotato reported yesterday, BTC’s market dominance is sitting on a 2-month high, while altcoins are already feeling the pressure.

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Still, the difficulty of divining the future doesn’t stop people from continuing to make predictions about Bitcoin’s price. John expects this figure to be reached by the end of 2020 and he seems pretty confident about it. Bitcoinist highlighted three possible routes for the bitcoin price in 2020, and all three point to more gains. The cryptocurrency is back above $10,000 and could have broken out from a long-term triangle and downtrend line. Somewhat expectedly, altcoins are bleeding heavily against Bitcoin. Bitcoin price could reach as high as $20,000 before the end of the year, or as high as $16,000 if it can’t get all the way to $20,000.

Thus, experts expect a similar gain later this year as well. "Bitcoin is breaking out and the options market is preparing for a bigger rally," Skew's CEO Emmanuel Goh told CoinDesk in a Telegram chat.

pic.twitter.com/VicydD2gsy, — BitcoinEconomics.io (@BitcoinEcon) January 15, 2020.

Its crash shortly followed an equally aggressive rebound that took its price up by 220 percent. It’s pretty clear he was right about the ICO bubble bursting as well, so that lends a bit more credibility to his prediction.

1. Unsubscribe at any time. The price of bitcoin hit a record high for 2020 on Wednesday, after PayPal announced plans to integrate cryptocurrency into its online payment platform. Bitcoin Price Hits Two-Month High Above $12,300 . The cryptocurrency broke a key resistance level on Tuesday, and experts and enthusiasts have been watching with interest. Rather, he takes a measured approach.

24h. Today, Bitcoin’s price has surged from a low of around $11,910 to a high of $12,888 on Binance Futures, before retracing to where it’s currently trading at $11,750.