Crypto

Coronavirus Doesn’t Push the Bitcoin Price Higher, is $100,000 per BTC Still Possible?

There are many different potential price predictions for Bitcoin and other cryptocurrencies today. One pattern suggests the Bitcoin price could reach a value of $100,000 in the next few years, albeit the current coronavirus crisis makes that seem rather unlikely.

All Bitcoin holders want to see the BTC price go up significantly.

Coronavirus Doesn’t Move the Bitcoin Price

Setting a new all-time high, for starters, would be more than welcome.

To do so, the Bitcoin price has to surpass the $20,000 level in a convincing manner.

Some people expect that level to be only the beginning of what is to come, however.

One YouTube user claims there is a genuine chance that the Bitcoin price will hit $100,000 in the next 3 and a half years.

Related Post

All of this is based on a mathematical pattern, which is as likely to occur as any other random price prediction. 

That being said, one has to wonder if this model is even viable in the first place.

It depicts a pattern that simply isn’t sustainable.

Nor does it take the current coronavirus crisis into consideration, or its long-term impact on the Bitcoin price.

Many people expected to see the BTC value rise due to the coronavirus.

So far, nothing spectacular has happened, making people very way of “mathematical models” leading to massive price jumps.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

School of Crypto? TMS Network’s (TMSN) Community Inspires Rising Number of Investors, EOS (EOS) and ApeCoin (APE) Fall Through the Bank

TMS Network (TMSN) stands out as a disruptor, currently making huge gains in its fourth…

9 hours ago

Savvy Investor’s Cheat-Sheet: TMS Network (TMSN) over Mask Network (MASK) and ApeCoin (APE)

TMS Network (TMSN) emerges as the savvy investor favorite having raised $6 million since the…

9 hours ago

Crypto experts asked Google Bard about Shiba Inu and Tradecurve the answers are surprising

The current crypto industry is filled with speculation and anticipation as investors continuously seek insights…

10 hours ago

Best Cryptocurrencies to Buy in Now: Chainlink (LINK), Polkadot (DOT) and HedgeUp (HDUP)

Choosing which cryptocurrencies to invest in can be a daunting task given the multitude of…

10 hours ago

TMS Network (TMSN) Rips Through Resistance, Dogecoin (DOGE) and Aave (AAVE) Left Shredded

As the bull season takes a haltering break, there’s one crypto that’s ripping through the…

2 days ago

TMS Network (TMSN) Flexes Its Muscles, BNB (BNB) And Wrapped BNB (WBNB) Face Limited Gains

It’s amazing how quickly things can change; just when everyone thought Binance and its BNB…

2 days ago