Bitcoin usd price analysis

BITCOIN FORECAST

In the BTC/USD Forecast Poll 2021, our dedicated contributors expect a modestly bullish outlook, forecasting price stability after this year's huge rally. By the end of the year 2021, the average outlook for the pair was 25.831,94.

From Jan 2020 to Dec 2020, the highest lever for BTC/USD was 27,152.88 on December 28th.

MOST INFLUENTIAL EVENTS IN 2020 FOR BITCOIN

The year 2020 was perhaps the best for Bitcoin ever, not only because of the price action but also for the massive increase in institutional interest. Bitcoin’s future looks bright as the digital asset has surpassed $20,000 for the first time.

Financial institutions around the world are increasingly interested in digital assets like Bitcoin. Laurence Fink, CEO of investment management firm BlackRock, has said that Bitcoin is gaining a lot of legitimacy as an asset class. Banks like JPMorgan and DBS are just starting to adopt Bitcoin, as money is being shifted towards the digital asset.

It seems that most factors are in favor of Bitcoin for 2021, especially after the digital asset broke above $20,000. Judging by the significant adoption growth in 2020, the next year should be highly beneficial for Bitcoin and the entire cryptocurrency market.