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Bitcoin Expected to Cross $20K soon
Bitcoin has exploded in the past couple of days forming new highs in 2020, very close to $17K. In fact, some traders predict a pretty good bull run in the coming days. Grayscale is acquiring more and more bitcoins, holding nearly 2% of the whole Bitcoin supply
And on the other hand, one of the largest banks, Citibank being more bullish on Bitcoin. A senior analyst and global head of CitiFXTechnicals Market at Citibank, Thomas Fitzpatrick determined a $318,000 target by the end of 2021.
The Bitcoin price surged massively after getting rejected multiple times at $16K and was just a few dollars away from $17K. But it appears that traders are extracting their profits which pulled back the price surrounding $16600.
At the time of reporting, BTC price is $16,575 with a jump of 3.1 percent in the last 24 hours.
Celebrities Want to Enter Crypto Space
Well-known celebrity Maisie Williams, famous as ‘Arya Stark’ of ‘Game of Thrones’ just asked her followers whether she should hold Bitcoin for long.
should i go long on bitcoin ?
— Maisie Williams (@Maisie_Williams) November 16, 2020
Till now, more than 600K replies were recorded with nearly half of the masses retorted positively while the other half negatively. Among the people were some big players of the crypto space like Elon Musk, Barry Silbert, Danny Scott, Justin Sun, David Gokhshtein, Peter McCormack, and many more.
On the other hand, Youtube celebrity PewDiePie mentioned Ethereum precisely in his recent video. In the list of ‘Second Choice of Starter Pack,’ he recognizes the Ethereum symbol in the list.
Collectively, crypto space is becoming day-by-days recognizable within various sectors in the world. The strong Bitcoin bull run has however managed to gather required attention from different pioneers.
Therefore it might be skeptical to determine whether the digital asset will touch $318,000 by 2021 but surely the Bitcoin price will go to the moon in the ongoing Bitcoin Bull Run.