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(BTC) Bitcoin Price Prediction 2020 / 2021 / 5 years (Updated 22 Dec. 20)

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08 January 2021 14:31 UTC
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Along with the rest of the equity markets, the Bitcoin price has been hit hard as COVID-19 has wreaked havoc on markets around the globe. However, when looking at the Bitcoin performance relative to other assets, some bullish patterns are starting to take place.

Short-Term Prediction

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Important Highs and Lows

Previous Market Cycle Comparison

  • January 13, 2014, and December 15, 2018 lows are the only dates in which the weekly RSI fell below 30.
  • Finally, both these lows caused the price to touch the 200-week moving average (MA). Therefore, it would make sense if these two lows marked similar points in their respective market cycles.
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2020 Halving

Halvening
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Alternate Prediction

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