Has begun the year 2020, and we all wonder where it will lead Bitcoin (BTC). By moments we know that the price was down 0.34% with respect to the day of yesterday. If you perform a look a little deeper into the prospects of Bitcoin, we will find that the beginning of the year was pretty quiet. The volatility is expected for the next few days, but perhaps not enough to make that bet their extreme volatility win bets.
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BTC maintains its status quo
The price remains close to US$ 7200, although the variation has not been very large. We know this by analyzing the peaks and valleys of the graphs that we have monitored, from the page of CoinDesk. All this is what continued to whiplash that gave the price of this criptomoneda in the third week of December. At this time, the price dropped even below the US$ 7000, reaching a level of close to US$ 6500. According to analysts the status quo, of close to US$ 7200, you have high chances of staying in the short term. Others assume that this level is maintained is what precedes a fall, more definitive, where the price will be close to US$ 6000. An analyst close to the latter is Peter Brandt, and here I leave you more details about it.
Prospects more optimistic
John McAfee would have to wait for the price of Bitcoin to increase a 13.800% for their optimistic predictions are met. Other analysts are more realistic statistics more encouraging is focused on the past gains of Bitcoin. In the ten years from 2010 to 2020, the criptomoneda leader provided 9.000.000% yield to investors. This statistic came to light during a debate on Twitter, which assessed the possibility that the entrepreneur John McAfee had to comply with his promise to eat his own penis if Bitcoin does not reach the million dollars for 2021. Just to give you an idea, so that he can win the bet on the price of Bitcoin has to increase in a 13.800%. Even, there is an instrument dedicated to make a countdown that calculates the odds of this happening. The same is the jocular name of “Dickening”.
What happens to the Altcoins?
For its part, the altcoins to follow the trend of Bitcoin. That is to say, they are in a time relatively static. This is because they saw few changes in the beginning of this year. Specifically, the variations were kept to a maximum of 2%, up or down. For example, Ether depreciated by around 1.5%, while the XRP has appreciated by 1.1%. In the other post of CriptoTendencia we have left to see some perspectives and optimistic predictions, which do not reach the level of John McAfee, but maybe you could show us the other side of the coin. Another guide that some investors can use to test the waters of Bitcoin and the world crypto in general is to keep an eye on the trend of action of the whales crypto. In addition to this, you can keep a monitoring of the Fear and Greed Index. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.