After reaching a new all-time high price at the beginning of the year, Bitcoin (BTC) went down below the value of 19,000$ and 18,000$ for a brief on several occasions. Fluctuations in value are a common case in trend reversals, so it is only natural that BTC went down soon after reaching new highs. Bitcoin is once again back above the value of 19,000$ where the top crypto could form new support levels. Can Bitcoin get back to its new ATH by the end of the year?
Bitcoin Price December 2020: How Low (High) Can Bitcoin Go?
The lowest price for Bitcoin this week was set below the value of 19,000$, recording the lowest weekly price at 18,058$. The highest price for the week is 19,259$, while the present value of Bitcoin is set at the price of 19,185$. BTC lost barely -0.1% during the week, also recording -2.2 of losses in the last two weeks. However, monthly and yearly gains are evident as Bitcoin is recording 19% of gains in the last 30 days and over 170% of gains year-to-year. At the present price, Bitcoin is “only” -3.7% down since reaching its all-time high price. At first, 19,799$ was recorded as BTC’s new all-time high, however, Coin Gecko is reading 19,832$ as Bitcoin’s new ATH. Bitcoin could easily get back to its all-time high price by the end of the month, however, it remains uncertain whether the top crypto will manage to form support at that price level.
Will Bitcoin Get Back to Its ATH by the End of the Year?
Analysts are sharing positive forecasts and predictions on the matter of Bitcoin’s bull run that doesn’t seem to be exhausted yet at this point although the market had seen some serious dips below the price levels of 18,000$. Bitcoin is likely to get back to its ATH again with the last days of 2020, while the bull run may continue even in 2021.
Image credits: Cover photo taken from Viktor Forgacs from Unsplash