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Bitcoin Price ‘Bigger Picture’ 2020: from $5,000 to $16,000 via BTC Liquid Index

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  • Yuri Molchan
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    With Bitcoin currently floating in the $7,500 area, many analysts are looking at 2020, expecting to see a price surge after the approaching halving in May

Bitcoin Price ‘Bigger Picture’ 2020: from $5,000 to $16,000 via BTC Liquid Index
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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So far, the price of the flagship currency has been hanging in the $7,500 area where it surged yesterday after the news about the hack at the Korean Upbit exchange.

Over 300,000 ETH was stolen, allegedly, by an insider. It has been reported that the funds have been noticed on Huobi and Binance. The head of the latter, CZ, has promised to freeze any stolen ETH that comes in from Upbit.

The Whale Alert Twitter account has already reported three consecutive transactions, each worth around 100,000 ETH.

ETH Whale Alert Upbit hack
Image via Twitter

Meanwhile, analysts are looking at the upcoming 2020 with hope. They keep making bullish predictions for the period after the much-expected halving in May.

Bitcoin price may reach the $16,000 area

A crypto analyst and trader @thecryptomars, well-known both on Twitter and on TradingView, has shared a screenshot of the Bitcoin Liquidity Index chart. He urges the community to look at a ‘bigger picture’ on Bitcoin.

The chart shows that in early 2020, the Bitcoin price is expected to come close to the $10,000 level. Then between March and April it is likely to drop to the $5,000 area and surge to $16,000 in June.

That is right after the much-expected Bitcoin halving in May, after which block rewards to the miners will be reduced and some fear that part of miners may quit.

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$120,000 for 1 BTC predicted in 2022

Earlier on Friday, U.Today reported that a crypto trader @IamCryptoWolf believes Bitcoin may surge to $120,000 in 2022, when the next BTC bull cycle is over.

He points out that if Bitcoin manages to reach this price mark, it will trigger Ethereum to hit the $10,000 level.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Momentum Could Be Crossing into Bullish, Willy Woo Trader Explains Why

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  • Yuri Molchan
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    The trader Willy Woo says that investor momentum is turning bullish and that the market is preparing for the upcoming halvening in May

Bitcoin Price Momentum Could Be Crossing into Bullish, Willy Woo Trader Explains Why
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The well-known trader Willy Woo has posted some good news to the community. On his Twitter account, he has published a chart that refers to on-chain analysis and says that it shows a bullish rise of investor momentum regarding Bitcoin.

“The bottom is mostly likely in, anything lower will be just a wick in the macro view.”

The market has started preparing for the approaching Bitcoin halving that is due in May next year, he explains.

Meanwhile, on Friday, the Bitcoin price managed to regain the $7,400 level. At press-time, as per the data from CoinMarketCap, Bitcoin is sitting at $7,576.

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The crypto analyst @CryptoMichNL believes that Bitcoin is going to surge to the $8,000 - $8,200 area soon. However, he adds that after that BTC may well drop back to $6,800 or even to $6,500.

Standard crypto games, he calls it.

Some, however, remain in doubt, whether the halvening of 2020 will get the BTC price to rush North.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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