BTC reached $ 25,000

On Coinbase and Bitstamp, the first cryptocurrency was trading above the $2K mark. Despite the fact that Bitcoin later returned below $25,000, it is still a good sign!

Many believe that the BTC price will rise again in the near future. An optimistic view is fully justified when you look at the rise in the price of Bitcoin in the last months of 2020.

A good sign is price fluctuations between $22,000-$24,300. BTC hasn't traded below $20,000 in recent months. In 2017, things were different. Bitcoin stepped over the $20,000 mark, but was unable to hold its position.

Causes

There was an active retail trade in the BTC market in 2017. Institutional investors have been slow to invest in cryptocurrency. In 2020, a large number of individuals and legal entities are interested in Bitcoin.

Support for BTC has become unprecedented lately, with many companies replenishing cryptocurrency reserves with millions of dollars. The principle of investing has also changed. Many traders started walking around.

What's next

Bitcoin will continue to trade at its current levels in 2021. Over the next year or two, the price of BTC will reach $100,000. This is the opinion of many analysts. We'll see…