Crypto analyst: Bitcoin will end the year at $21,000

Crypto analyst: Bitcoin will end the year at $21,000

Image source: Shutterstock / Trijo News

Trijo News

If he's right, it will be the highest price for bitcoin ever.

How much bitcoin will drop or rise is, as usual, one of the hottest topics in the crypto world, especially since the cryptocurrency climbed over the important $10,000 mark at the end of last week.

Now we may have a new clue about where the bitcoin price will end the year. The crypto personality Trace Mayer recently revealed that his prize calculation tool, the Mayer Multiple, shows that bitcoin may end up at $21,000 when we enter 2020.

Some expect even higher prices

The Mayer Multiple calculates bitcoin’s future price by dividing the current price by the average price for the last 200 days, and according to Cointelegraph, it is a key indicator of how the price of the cryptocurrency will develop.

Although some other analysts believe that bitcoin will trade even higher at the end of the year, Mayer’s figure is still above the record from December 2017, Cointelegraph reports.

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