Bitcoin made a historical move in December 2020, getting past the value of 20,000$ for the first time in the history of BTC and crypto. Bitcoin made it to new highs previously, scoring over 19,800$ and soon spiking to 20,000$ and 23,000$. After BTC managed to find support at the price of 23,000$, the crypto went for another bull run to touch new highs. BTC is currently trading at around 27,300$, so can the top crypto in the market finish the year 2020 at the value of 30,000$?
Bitcoin (BTC) Price Analysis: Can Bitcoin Get to 30,000$ by the End of 2020?
Bitcoin made it to a new all-time high on December 27th when the top crypto reached the value of over 28,300$, making another record price in the history of Bitcoin. The first all-time high for Bitcoin since December 2017 was set on the first day of December 2020 when Bitcoin got close to 20,000$. The crypto soon got past the value of 20,000$, scoring new records and dictating another bull run in the crypto market. Bitcoin is slightly losing on its value, dropping below 27,000$, however, there are still a couple of days left in 2020 and the top crypto might have a chance to set another crypto in the next trend reversal. The dip is recorded on the daily level, while the rest of the charts are showing returns.
BUY and SELL Analysis: BUY or SELL Bitcoin?
With the most recent changes in the market, out of 19 analysts providing their opinion for TradingView, 13 analysts consider that Bitcoin is a definite BUY in the next 30 days. Out of the same number, 3 analysts are NEUTRAL and the remaining 3 think that Bitcoin makes a SELL in the next 30 days. Bitcoin could easily head for its final bull run in 2020 and reach a new record price of 30,000$ in case BTC recovers from the slight dip and gets back to its latest ATH.
Image credits: Cover photo taken from Clifford Photography on Unsplash