• According to Bob Loukas, in 2020 the price of bitcoin could break its historical maximum.
• For Chuck Jones, a Forbes analyst, the price could fall below USD 6,000.
Just over a day to close the year, one of the biggest questions that surrounds the cryptocurrency ecosystem is what will happen in 2020 with the price of bitcoin. Especially, after 2019, the main cryptocurrency of the market doubled its value, going from around USD 3,700 to be above USD 7,200 at the time of writing this note.
Some analysts see a bullish 2020 for bitcoin. Such is the case of Bob Loukas, creator of The Financial Tap, who wrote on Twitter anticipating new price increases in the first two months of the year that is about to begin. Additionally, Loukas considered that a solid increase would come later to get closer to the historical maximum at the end of the year. Already in 2021, the analyst considers, these numbers would be exceeded. For his part, in a possible bearish scenario, Loukas sees a potential fall for a period of about 6 months. After that time, the price would reach a level around USD 10,000 to USD 11,000.
Another analyst with bullish consideration is Michael Novogratz, founder of the Galaxy Digital firm. Through a brief tweet, Novogratz predicted that at the close of next year, the price of the pioneer cryptocurrency would be above the USD 12,000 mark.