Wednesday, October 27, 2021

Bitcoin Will Trade at $318,000 by the end of 2021

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The latest is Citibank, whose bitcoin technical analysis sees lofty price targets at over $300k per BTC by the end of 2021.

Citibank Group’s Worldwide head of Citifxtechnicals product, Tom Fitzpatrick, anticipates seeing the price of bitcoin peaking at $318,000 by the end of 2021. Although he concedes that his forecast might appear unlikely, Fitzpatrick contends that such a surge will still be the weakest rally for the digital asset than other resources such as gold. He also includes that bitcoin is all about the” unthinkable rallies followed by painful corrections.” Bitcoin will see tremendous cost swings before, at last settling at the anticipated price, suggests Fitzpatrick.

P.S. This is not an investment advice.

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