The world’s leading digital asset needs some kind of support or direction that can push its price value to reach an all-time high next year.
The current worst performance of Bitcoin in the market shows that the leading digital asset cannot even go near around setting a new all-time high in 2020. But it does not mean that it cannot reach its new all-time high in 2021.
Michael van de Poppe who is a Dutch crypto analyst gives his prediction about Bitcoin and shares his view in an interview that when Bitcoin can have its new all-time high.
Poppe makes a bet on 2021
In the interview, the Dutch crypto analyst was asked about that can bitcoin set an all-time high in 2020. As a response, he said that he does not see it happening in 2020 however, he makes a bet on 2021.
Michael van de Poppe says that Bitcoin is likely to record its new all-time high in 2021. He says that if it happens next year then Bitcoin’s price will be hitting around $1500. He claims: “Probably around $12,000 to $15,000. Somewhere in that region, I guess.”
What can push Bitcoin’s Price to surge in 2020?
Though he does not believe that the price value of Bitcoin will go high in the year 2020 however, he acknowledges that Bitcoin’s value can surge this year. But he also highlights a condition that it is only possible if a huge rebound in the Bitcoin market occurs.
The equity market is another important thing, he says, that can push the price value of the coin to go up. He says if something like hyperinflation happens in the equity market then upsurge for Bitcoin is possible otherwise it will be the next year. As he said:
“Maybe, if we get some big market structured thing that happens in the equity market that starts to spike like hyperinflation or whatever. But unless that happens, I think it’s going to be next year.”
Currently, Bitcoin is revolving around the $5k level. However, some crypto analysts believe that the top digital asset will go below this level one more time.