Poll Shows Nearly 70% of Crypto Traders Believe Bitcoin (BTC) Will Breach $20,000 by 2021 – The Daily Hodl

Poll Shows Nearly 70% of Crypto Traders Believe Bitcoin (BTC) Will Breach $20,000 by 2021 – The Daily Hodl

A new Twitter poll initiated by cryptocurrency analyst PlanB reveals that majority of market participants believe that Bitcoin (BTC) will breach $20,000 in 2021.

The poll, which surveyed respondents’ thoughts on the projected price of Bitcoin within the next 12 to 18 months, shows that 69.6% think that the cryptocurrency will trade above $20,000 by the end of 2021. Meanwhile, 16.6% say BTC will remain below its all-time high. The remaining 13.8% of the 13,339 individuals who participated in the survey say they do not know the direction of Bitcoin’s price.

Based on the results, PlanB says BTC will either surge to $14,000 in the short-term or his followers will prove to be overly bullish.

As Bitcoin coils in a symmetrical triangle dating back to late 2017, many crypto analysts believe a big move is on the horizon – but the direction it will take is hotly debated.

According to a pseudonymous analyst known in the industry as Capo, BTC may plummet to as low as $1,000 in the months ahead, while Bloomberg senior commodity analyst Mike McGlone thinks BTC will trade above $20,000 before the end of 2020.

At time of writing, the price of Bitcoin is $9,250.76, according to CoinMarketCap.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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