Next Bitcoin Price ATH to Fall in the $75k-$85k Range

Next Bitcoin Price ATH to Fall in the $75k-$85k Range

$BTC Unpopular Opinion: The next Bitcoin peak high will not be as high as most people think Lots of analysis out there point from $100k to $300k to $1M Simple rate of return will show you bottom to peak return reduces by around 20% each cycle IMO, next high hits $75k to $85k pic.twitter.com/EoWZqcWfbe — Josh Rager (@Josh_Rager) January 17, 2020

He further warned investors who are waiting for $100k or $1 million before taking profits, stating that they should not let greed get the best of them this time. According to Rager, once Bitcoin gets all over media and leaves Crypto Twitter, that will probably mean that it had reached its peak and that it will only go downhill from there.

He said that this may happen at any time, regardless of the price. It may happen at $50k, $75k, or $100k, according to Rager. Is a halving-inspired bull run on its way? 2020 is expected to be a big year for crypto, and especially for Bitcoin. BTC will see block rewards halving in only a few months, which will impact supply and demand in a way where a significant price increase is a very likely result. This will be Bitcoin’s third block reward halving, and if it ends up being anything like previous ones, it has excellent chances of inspiring another bull run. As some may remember, the first halving took BTC price from $12.31 to $994, which was a 7,976% growth. When the second halving came, the Bitcoin price surged from $650 to nearly $20,000. Of course, this did not happen overnight, and it took months for the coin to reach its current ATH. However, it is also worth noting that cryptos were still mostly unknown back then. Right now, countries around the world are working on regulating crypto, with some of them even developing their own cryptocurrencies. All that is left now is to wait for the halving to arrive, and to see who is right regarding the future of BTC price — Rager, or analysts who foresaw the price hitting somewhere between $100k and $1m. Do you think that Rager is right, or do you see it surging much higher than $75k? Join the discussion in the comments below, and let us know what you think.

Image via Shutterstock,  Twitter @Josh_Rager The post appeared first on Bitcoinist.com.

 

source: https://bitcoinist.com/next-bitcoin-price-ath-to-fall-in-the-75k-85k-range/

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