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For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the BTC rally will continue on, breaking the $20,000 all-time high.
The BTC price hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017.
Three key reasons are behind this strong momentum of the dominant cryptocurrency.
The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.
Ali Mizani (Founder of FiCAS AG, Swiss) has predicted the BTC price since 2016 when Bitcoin was around $900.
He predicted massive growth in Bitcoin up to $4k in a few months. His prediction forecast came true and on August 13th 2017, Bitcoin reached the price of $4,023. And again, he predicted the bitcoin price to reach $18K in 4 months.
“BTC price will fall in the next weeks and will reach 1/5 of its ATH in the next 2 years,” he said. Live on a TV interview with IRIB channel 5. A few weeks later, the bitcoin price fell rapidly, below $7,000 by April 2018. Then on the 12th of December, 2018 Ali’s prediction came true and bitcoin touched $3,378.
His next Bitcoin prediction was to get highly close to $7-9k.
“BTC Price will reach $7k – $9k at the very end of 2019,” he said on the 11th of April 2019. As 2019 was coming to its end, the price of bitcoin was hovering around the $7,300 mark.
Many predictions were off this mark, especially from bitcoin evangelists that were too optimistic with their estimates. Ali’s prediction became true and at the end of 2019, the closing price was about $7,240.
Ali Mizani is a researcher, inventor, and futurist managing one of the most lucrative cryptocurrency asset portfolios worldwide. He is the Founder/CIO of FiCAS AG. a Swiss regulated professional company for crypto asset investment advisory.
Ali Mizani thinks the trend is going to be upwards. When Bitcoin hit around $16000, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.
He thought BTC will reach $18k to $20k by the end of 2020 and he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022.
In other trending Bitcoin News today:
“Ethereum 2.0 Confirmed For Dec. 1 Launch Just Hours Before Deadline”
Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.
Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.
Ethereum 2.0’s beacon chain genesis is now set to take place on the earliest possible launch date of Dec. 1, with genesis taking place seven days after the required deposit contract’s threshold was met.
While genesis participants will not be able to withdraw their coins until ETH 2.0 reaches Phase 1.5 — which will merge the Ethereum mainnet with Eth2’s beacon chain and sharded environment — many hodlers are waiting for third parties to launch withdrawal-enabled staking services, despite the potential risk of exit scams.
The deposit contract’s threshold was met with roughly nine hours to go until its deadline.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.