The probability of a rise in the bitcoin rate to $ 20 thousand by the end of the year is 7%

The probability of a rise in the bitcoin rate to $ 20 thousand by the end of the year is 7%

According to the analytical resource Skew, today there is a chance that by December 31 2020 bitcoin rate will reach a record level of $ 20 thousand is 7%.

According to the company’s forecasting model, the likelihood of an increase to an all-time high by March 2021 year equals 14%, and by June – eighteen%. Wherein there is a 20% chance that by the end of the year the price of MTC will rise to $ 16 thousand.

The interest of institutional investors will have a significant impact on the dynamics of the leading cryptocurrency exchange rate. Currently, most organizations prefer long positions, which contributes to the current growth of bitcoin.

The probability of a rise in the bitcoin rate to $ 20 thousand by the end of the year is 7%

Statistician Willie Wu also found that large investors withdrew 250 000 ВТС from the trading turnover of spot exchanges. Assets were moved to cold storage, indicating long-term retention.

In addition, analysts have noted a threefold increase in the trading volume in the Bitcoin futures market over the past two days compared to the October average..

The probability of a rise in the bitcoin rate to $ 20 thousand by the end of the year is 7%

text: Ivan Malichenko, photo: Shutterstock, graphic: Skew

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