720: BLOOMBERG FORSEES BITCOIN RALLYING TO $400K THIS YEAR!! 5 COUNTRIES TO LEGALIZE BTC IN 2022!!
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Bitcoin (BTC) To Reach $400k in 2021?
It may sound like a pretty outlandish claim for anyone to assert that the Bitcoin price could hit $400,000 before the end of the year. But when such a claim comes from a reputable analytics firm, it is worth paying attention to it.
Analysts at Bloomberg Crypto in a monthly report have predicted that BTC could soar up to new highs of $400,000, and this assertion is based around the historical price reaction to Bitcoin halving.
Bloomberg Crypto observed that, according to their analysis, Bitcoin is in an identical position with the events of 2013 and 2017, which are the years preceding a Bitcoin halving event.
During those years, Bitcoin increased its value 55 times and 15 times, respectively. If history repeats itself, “to reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since 2011 high.”
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19:17
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19:03
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18:09
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