Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 085: Here’s How Bitcoin Could Hit $20,000 By as Early as March | BTC Stuns Bears Soaring $800

085: Here’s How Bitcoin Could Hit $20,000 By as Early as March | BTC Stuns Bears Soaring $800

Published: Dec. 19, 2019, 2:37 p.m.

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The Bitcoin price saw quite the bout of volatility on Wednesday. Early in the morning, Bitcoin (BTC) tanked, falling as low as $6,450 in a strong move lower, before rebounding to the upside. By the end of the day on Wednesday, the BTC price had rallied as high as $7,400, surging by over 10% from its local bottom in the $6,400s on the back of seeming short covers and long-term investors buying the Crypto dip.

Although it may be too early to tell whether or not this is a fully-fledged macro reversal, one prominent trader, who called the drop in November to the $6,000s, suggests that (BTC) Bitcoin has a good likelihood of reaching $20,000 by as early as March, 2020. Bitcoin’s latest bounce higher has infused bulls with a fresh dose of hope, culminating in positive analyses that imply BTC’s reversal rally is just starting.