Let’s toss the sugar coating; a dartboard would help us to estimate where the btc price prediction is going. Pursuing clarity here is like following a cat through a rainstorm. You will catch a glimpse occasionally. Usually, you are left with just stories and scratches.
The price of Bitcoin moves about like a flea on a griddle. One day the hill is high, headlines blazing and audience cheering. Your coffee turns cold staring at your screen the next day as the tumble is quite steep. Still haunting many wallets are memories of 2017’s explosive rise followed by that cold winter’s plummet. Only with considerably more deafening pyrotechnics and a larger pile of banana peels will the cycle be seen in 2021.
Watching charts has evolved into a separate activity. Some treat those lines and candlesticks like ancient runes, persuaded the past repeats itself with eerie accuracy. Conversely, other people just try a wild estimate, post it on social media, and wait for likes. Often, hope rests on that halving event—that which results from supply crunch down. News breaks at strange times, really: government news there, a hack here, and suddenly everyone’s projections seem dated.
The statistics nerds track every blip on the blockchain concurrently. Wallets change, and in Telegram groups and Discord chats it is top news. Should a whale move a toe, theories abound. Real time convergence of panic and joy.
Regulators provide interest to life; one new announcement shocks people. Then a tech billionaire tweets something that seems to be like a snow globe shattering everything. Feels like you might just have incredibly fantastic timing or like you need nerves of steel.
Dreamers see six-figure price tags and believe Bitcoin is rewriting history. Pessimists warn of calamity hiding under stronger regulations, massive hacks, brand-new rivals with large resources. Rare is consensus; dramatic fluctuations are normal.
Will Bitcoin burn above $100,000, or trip over itself on route to $15,000? There are strong arguments in both groups. The moving average never sits still for very long. The only advise worth anything is to gamble just what you won’t miss. Never let FOMO guide your next action; take price forecasts with some skepticism. For now, get ready; this ride promises additional loops.