DecenTrader: Bitcoin will hit $85,000. Analyzing prospects
The first cryptocurrency is an indicator of the current situation in the digital market. In fact, if BTC falls, you can expect a decrease in the value of all other assets. This is why every user of the digital industry should keep a close eye on the dynamics of digital gold. Indeed, even if you do not trade using Bitcoin, its value will still be reflected in your investment portfolio. In this regard, today we will discuss a rather interesting point of view. DecenTrader representatives, who are known for their infallibility in the issue of forecasting rates, say: BTC may well reach 85 thousand dollars. And by the end of 2021. Under what conditions can this forecast become reality? Let’s figure it out.
Who are DecenTrader
First, a little about the authors of the forecast. Indeed, in order to analyze certain prospects, it will not hurt to understand the reputation and level of seriousness of the predicting party. In the case of DecenTrader, we are talking about very large specialists. DecenTrader is a fairly well-known digital platform that was created to facilitate trading using cryptocurrencies. This project was initiated by prominent experts who have proven themselves in the industry as reliable specialists. Professionals regularly share their vision of the future that may emerge in the market. And in today’s forecast, the masters of the art of trading have stated that they believe in BTC.
According to representatives of the organization, the first cryptocurrency went through a crisis time and, with proper support, will begin uncompromising growth. According to DecenTrader, digital gold may well hit the $ 85K mark. These are record figures that can be observed on the market by the end of this year. But only with support from users. The latter is to use the so-called Stock-to-Flow (S2F) strategy. Below we will describe in detail how and for what such a market method is used. So read it carefully.
What is S2F?
Stack-to-Flow is one of the oldest valuation techniques for a marketable asset. S2F was originally applied to natural resources like gold. Since its main task is to work with not infinite assets. In the case of BTC, S2F can also apply as digital gold has limited emissions. Recall that the maximum set in the blockchain of the first coin is 21 million assets. At the moment, about 88% of the total maximum has already been mined, that is, about 18 million digital assets.
But what does S2F have to do with it? Using this indicator, specialists from DecenTrader were able to make sure that the indicator for BTC is extremely high. And according to the definition, if an asset gets a high S2F mark, it means that it is interesting to the audience and will grow, despite the limited issue of its own. Other market indicators were also used in assessing the value of the first digital asset. In particular SOPR. This tool shows how profitably users are selling assets. And BTC pleased with its own indicators. Indeed, recently, despite the price decline, users have been selling coins with obvious benefits. Loss trades are much smaller. Based on the data received, it is already becoming clear that Bitcoin has a great future.
But when to expect growth? What do top analysts from DecenTrader and other agencies think about this? More about this in the next section.
When will BTC rise? DecenTrader answer
The use of such advanced indicators allowed specialists to project the current state of affairs to the past fluctuations in the rate of the first coin. Thanks to this, a certain similarity with the situation in December 2018 and March 2020 became obvious. Recall, then, after a certain price decline, the first cryptocurrency began an uncompromising growth. And it is highly probable that now the market will repeat the previously done maneuvers and will also start moving up.
According to the most daring estimate, the earliest possible achievement of the price tag of 288 thousand dollars. This is still a very healthy metric that analysts at PlanB are talking about. DecenTrader are less determined in their vision of the upcoming BTC price. But even at the lowest estimates, the first digital currency could hit the $ 85,000 mark. A similar price tag will be observed by the end of 2021. This is exactly what DecenTrader specialists believe.
Michaël van de Poppe, another well-known analyst and famous trader, sees great potential in BTC, based precisely on the S2F indicators. However, he does not rule out the possibility that digital gold will face misunderstanding from the audience. The expert believes that the asset may fall to the level of $ 20 thousand. And only then will an active upward movement begin. What conclusions can be drawn from all of the above? Let’s summarize.
So we were able to see that the leading minds in the industry believe in the future of digital gold. Bitcoin really can and will grow. This is evidenced by both the strict schedules and the history of the course. This is why we recommend that you take no hasty decisions and believe in digital gold. The main thing is to follow the news of the cryptoindustry. Stay up to date with news from the world of Blockchain and high technologies by reading our articles. We regularly publish only high-quality, interesting material. Thanks for attention. Good luck!