Key Points

· This forecast, supported by both technical and fundamental analysis, projects that Bitcoin will reach an intraday high of $295,911 in 2021 and will close the year at $208,926.

· From a fundamental analysis perspective, Bitcoin’s price will continue to see upward pressure this year in part due to new stimulus measures expected from the Biden administration in 2021, resulting in further weakening of the US Dollar.

· In terms of technical analysis, we believe that Bitcoin has a 4-year market cycle with the first year being a bull market, the second year being a bear market, and…

Bitdollar Capital

Bitdollar Capital is the management company of two soon to be released cryptocurrency funds.

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