After a gloomy start for 2021, the world was shaken by the big protest that happened yesterday. Trump supporters stormed the US capitol instigating chaos and disorderly conduct. With the current equity markets at all-time highs, the cryptocurrency market has a BIG ADVANTAGE in terms of 2021’s price forecast. Read on to know why Bitcoin will easily reach USD 40,000 and the cryptocurrency market is set to a bigger market cap.
US Markets poised for a Heavy Price Adjustment
In an unprecedented move, Bitcoin managed to pass the USD 37,000 price. This comes as no surprise as the US enters a chaotic moment, where protests and uncertainty swiped the Capitol. Equities are still at all-time highs, but are expected to drop in prices significantly due to several factors:
- Bad handling of the Corona Virus resulting in high unemployment
- Excessive Dollar printing
- Inflated equity market
- Bad transition of presidents
Usually, when markets are doing well, investors tend to buy stocks, bonds and equity in general. But when economies are doing bad, investors sell equities and go towards commodities such as Gold.
In today’s world, commodities became a thing from the past with the rising popularity of cryptocurrencies, most notably Bitcoin, which is being designated as Gold2.0 by financial institutions and big banks.
Bitcoin Price Forecast – USD 40,000 soon?
Here comes the big elephant in the room. Yes, Bitcoin is set to further higher prices, potentially reaching the USD 40,000 price mark as anticipated by many analysts. This comes down to several facts:
- Bitcoin breached USD 37,000 already
- Bitcoin prices need a push of around USD 3,000 and it is known to make even bigger moves like USD 7,000 in 1 day
- The fundamentals are screaming higher prices: bad US macros, overpriced equity markets, people switching from Gold to Cryptos
- Big Institutional pumps
- And finally, in figure 2, we see that Bitcoin Prices are WELL ABOVE the moving averages, paired with HIGH VOLUMES
Stay Ahead, Stay Updated
- XRP Price increase 100%? This Chart confirms a MASSIVE Breakout soon
- Ukraine War Began and Crypto Crash -11%! Bitcoin/Ethereum Analysis
- Bitcoin Price Prediction – is Bitcoin REALLY eyeing 40k again?
- LUNA Crash to 1$! Proposal to fix UST is out, will LUNA recover soon?
- Bitcoin Prices crash amid Market Uncertainty – Is THIS the Start of the Downtrend?
- Ethereum Price is climbing FASTER than Bitcoin…reaching its previous ATH soon?
- BIG XRP Price COMEBACK, Up 40% in 2 days – Is it safe to own XRP again?
- XRP Price can TRIPLE in the next few weeks if THIS Happens, Here’s Why
- Crypto Crash! Will 2022 be a Crypto Bear Market? Here’s what we Know
- How did buying BITCOIN compare to buying APPLE, GOOGLE or TESLA in 2020
- Founder of Terra Arrest – Will LUNA Collapse AGAIN?
- Bitcoin price might just have turned Bullish again…This is why
- Ethereum Price Analysis – Adjustment in Prices as Predicted during the Weekend
- XRP Price Prediction – Can XRP reach 2$ before 2022?
- BREAKING NEWS: Cryptos are Officially Crashing! Will Bitcoin reach 0$?
- Bitcoin prices reach a roadblock of USD 19,000 – What does this mean for Altcoins?
- Is Inflation BAD for Bitcoin Price?
- XRP Price Prediction – Can Ripple reach 1 $ before 2023?
- Trump vs Biden – How will the outcome affect your Bitcoins!
- Bitcoin price prediction – THIS is when BTC price should reach USD 20,000
- Bitcoin dips below 40K – Why is Bitcoin Price Down? Buy BTC ASAP?
You might also like
More from Bitcoin
Will Bitcoin price reach $10,000 soon? Let's analyze in this Bitcoin price prediction article and assess whether BTC price will …