Bitcoin will show a tenfold growth next year. This was stated by renowned trader Ton Weiss.
„The expected target price for bitcoin in 2021 is between $200,000 and $300,000, and could actually be higher,“ he said.
Weiss added that he believes the forecast of bitcoin rising to $100,000 in the near future is „overly conservative“.
The analyst described the daily chart of bitcoin price as optimistic Bitcoin Code and said that the first cryptocurrency is poised for another surge, which could lift the price to new all-time highs.
As a reminder, bitcoin renewed its all-time high on December 30 at above $28,500.
Earlier, CryptoQuant’s head of research service Kee Yong-Ju said that the bitcoin price will be pushed to new heights by institutional investors. This will be helped by a reduction in selling pressure from miners and other big players.
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