[ad_1]
On May 5, I wrote about Bitcoin for the first time on this website.
BTCUSD was trading at $ 8,828 that day.
Even before that, I was amassing the cryptocurrency around $ 7,000, as I mentioned to the Daily Price Action members on April 12.
Today, Bitcoin surpassed its (previous) all-time high of $ 20,000 which was set on December 17, 2017, exactly three years from now.
Each new high from here on is a new all-time high for the cryptocurrency.
But no one should be surprised by the rise of cryptocurrencies this year, at least not if you frequent this site.
I announced the arrival of the new crypto bull market on June 22.
Bitcoin was trading at $ 9,512 that day, and Ethereum (ETHUSD) had just broken out and was trading at $ 241.
Obtain Free access to daily price action when you open and fund an account with Blueberry Markets!
Fast forward to today, and Bitcoin is above $ 20,000 and Ethereum is north of $ 600.
These numbers represent massive gains for those who have been following me since May.
However, this bull market for cryptocurrencies is just getting started.
If you follow me on twitter, meet the real The fun begins when Bitcoin closes a month above $ 20,000.
And even after that, cryptocurrencies like Bitcoin, Ethereum, and VeChain still have eight to ten months of earnings ahead of them.
That’s what the last two Bitcoin cycles have shown.
How high could Bitcoin go in 2021?
Estimates range from $ 100,000 to $ 300,000 or slightly more.
Regardless, BTCUSD is likely to be much higher than it is today in the fall of 2021.
In the short term, if Bitcoin’s price action mimics what it did the last time it broke all-time highs in 2017, we could see it hit $ 50,000 in February.
That wouldn’t surprise me in the least.
Disclosure: I have investments in Bitcoin, Ethereum, and VeChain.
Want to see the Bitcoin video I just handed out to members?
Get a lifetime membership today and receive exclusive members-only content, including one or two new videos every day. Save 40% in December!
[ad_2]
