Bitcoin price prediction: here is how BTC can reach $80,000 in next round

Bitcoin price predictions after the latest bullish runs sound a bit overwhelming, but one analyst believes that the BTC price can hit eighty-thousand dollars ($80,000) in the future.

In 2018, Bitcoin was stationed at three thousand one hundred and fifty ($3150) dollars and had since railroad the freight to over an increase of three hundred percent (300%).

Bitcoin (BTC) has currently dropped down from the thirteen thousand dollars ($13,000) mark back to the twelve thousand dollars ($12,000) mark.

Bitcoin price prediction: here is how BTC can reach $80,000 in next round 2Bitcoin price chart by Trading View

This is a rather serious situation with a virtual asset being so expensive, yet it is something that physically does not exist. This concept alone is scary to most people. Many analysts have given their verdict that bitcoin will not be sen its downfall.

How would Bitcoin price prediction to $80,000 playout?

However, CryptoHamster, who has been analyzing the game, has a different verdict than most analyses already dished out.

The graph by him, above, ending in the late 2020 and early 2021, shows that Bitcoin (BTC) will be experiencing a five hundred and fifteen percent (515%) increase in its current price of thirteen thousand dollars ($13,000) to eighty thousand dollars ($80,000).

Josh Ragers, from Ethereum World News, shares the same views as CryptoHamster. This news came before CryptoHamster’s analysis. According to Josh Rogers, Bitcoin’s three complete boundary cycles (from support to resistance lines) have decreased by eighty percent (80%), and thus a rebound is expected.

 

As Josh Rager points, 2011’s rise saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. His tweet explains:

Galaxy, a prominent trader, says that the current BTC chart resembles the one from the year 2015 and hence another uphill climb is expected by Bitcoin (BTC).

According to Galaxy, Bitcoin might touch three million dollars ($3.3M) per coin if the previous trend plays out. This Bitcoin price prediction, albeit the graph, seems to be way too much of an optimistic idea.
Mark Yasuko and Anthony Pompilio of Morgan Creek digital are also optimistic that Bitcoin is the norm. Its demand in the future will even be more. As to the question if it gets pumped or sapped? That will be seen with time.