Annual Forecast for Bitcoin (2021): Price Prediction Averages at $50k

Share On Facebook
share on Linkedin

We will be looking at some of the factors responsible for 2020’s bull run and 2021’s in extension and highlighting our price expectation for 2021 as the year comes to an end.

After a multi-year bear run, Bitcoin (BTC) has finally shut the naysayers by clearing its previous all-time high at $20k and has recorded a fresh record high at $24,300 by December 2020. From the third halving event in May to dramatically dovish global economic monetary policies to combat the COVID-19-induced economic crisis, there have been several fundamental factors that supported the bull run.

New Money

The first factor to consider is the influx of Millenials into Bitcoin compared to other assets. It got reported that Millenials and Gen Z inherited about $78 trillion of wealth, and some of that wealth has undoubtedly flown into BTC, considering it’s the preferred investment vehicle for people in these generation groups.

Limited Supply

The next factor bolstering the price of the benchmark cryptocurrency is its limited supply, especially now when demand is at an all-time high. Only 21 million Bitcoins will ever get created, and about 90% are currently in circulation. The current inflation of the Bitcoin network stands at 1.8% and will continue to decline as more Bitcoin mining reward halving occurs. As we know, Bitcoin mining is the only method through which new coins can get created.

Institutional Adoption

This year was a big year for institutional adoption and investment in Bitcoin, as corporations seek out hedging assets amid financial crisis fears. 2020 saw well-known Bitcoin critics like JPMorgan and Goldman Sachs switch their stance, while we saw significant investments/adoption from Square, PayPal, Microstrategy, MassMutual, Grayscale, One River, Paul Tudor, Bill Miller, and several others.

Bitcoin Price Outlook for 2021

Bitcoin has entered a new bull market, which can be observed through on-chain metrics, institutional investment inflows, and a booming retail adoption. That said, making a precise Bitcoin price prediction for 2021 is not an easy task. However, popular predictions average at $50,000 by 2021. The primary cryptocurrency will likely follow its historical price dynamics, but in a more subdued manner because of its maturity. Regardless of the inherent risk in cryptocurrency trading, one thing for sure is that Bitcoin will rally in 2021.

BTCUSD – Weekly chart

Bitcoin (BTC) Technical Outlook — 2021

BTC/USD 2021 Bias: Bullish

Supply Levels: $24,300, $25,000, and $28,000

Demand Levels: $21,000, $20,000, and $17600

Bitcoin is likely to perform on a bullish sentiment as adoption picks up. That said, we predict a revisit of the mid-$21,000 level in the coming weeks, where a rebound could be facilitated. We can see on our weekly MACD that BTC is now venturing into overbought territories like in 2017. Bitcoin will likely take a breather at this point before resuming its sharp bull rally.

The next break of the $24,300 ATH will likely get followed by an immediate clearance of the $25,000 round figure.

Considering the factors surrounding the Bitcoin market and the financial market at large, we expect a continuation of the parabolic bull run into 2021.



CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.


  1. Dr iweagune says:

    Forex is really a great opportunity which favoured me and I really can’t thank Ernest allen enough for such a wonderful mentorship and profitability. he is really an amazing trader. You wish to trade forex connect with he here. Email :-

  2. collin says:

    FASTFUNDSRECOVERY @ PROTONMAIL. COM who I found on trustpilot
    is the best recovery expert. This is a detailed guide on how to recover money lost to binary options, forex, bitcoin, cryptocurrency, investment, etc.

    Binary Options Review and how to recover money lost to Binary Options. It is not surprising that a lot of people search for how to recover money lost on binary fastfundsrecovery.wordpress. com

    we know, Binary Options is a game of chance, so you are most likely going to lose money trading binary options no matter how good your broker is. The good news is that you can now recover all money lost to binary options. Whether you lost money trading on your own or to a broker, the good news is that you can recover your money. Some other searches related to binary options recovery include;

    Binary options chargeback
    Rex wealth recovery
    How to get your money from binary options
    Upay money back ramat gan
    Binary option format
    Binary trading reviews
    What is the best company to get your money back from a scamming binary options broker

    Other Binary Options Related Searches Include the following;

    Recover money from binary options
    Binary options refund
    How Binary options chargeback works
    Rex wealth recovery review
    How to get lost money from binary options
    How can I retrieve stolen funds through a binary option
    Binary trading reviews
    Winchargeback Review
    Binary options and cryptocurrency forex lost funds recovery

    Forex Review – To really trade profitably on forex, you need to be very patient and attentive. Quite a number of people lack this required patience and they end up losing money while trading forex. You can now recover money lost to forex by hiring a funds recovery expert.

    Recover Lost Bitcoin – Bitcoin is lost through different means. Some people lost bitcoin to fake bitcoin investment website,
    Recover bitcoin lost to fake bitcoin investment website
    Recover bitcoin lost to bitcoin trading
    Recover lost bitcoin wallet
    Recover bitcoin private key
    Recover lost Ethereum
    Recover lost litecoin

    Recover lost Cryptocurrency. Recover money lost to ICO. Some other popular searches relating to cryptocurrency recovery include;

    Recover scammed bitcoin
    Bitcoin recovery phrase
    Reclaim crypto
    Ethereum wallet recovery
    Bitcoin recovery service
    Coinbase wallet recovery
    Lost cryptocurrency
    How to recover electrum wallet

    Have you lost money, and you need help recovering it? Recover money from binary options, forex. Recover lost or stolen bitcoin or cryptocurrency and more. Recover money lost to investment, scam etc by simply sending an email to – FASTFUNDSRECOVERY @ PROTONMAIL . COM

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210419 04:17:02