Close, but no cigar! Here are 2020’s worst Bitcoin price predictions By Cointelegraph

Close, but no cigar! Here are 2020’s worst Bitcoin price predictions

CryptocurrencyJan 02, 2021 09:40PM ET

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Close, but no cigar! Here are 2020’s worst Bitcoin price predictions

Pundits and crypto analysts love to issue Bitcoin (BTC) price predictions regardless of how volatile the asset class is.

In 2017, there were calls for BTC’s price to hit $35,000–$50,000, and of course, a few brave souls predicted that the price would top $1 million before correcting.

Bitcoin’s price in USD. Source: TradingView

Ross Ulbricht’s chart annotations. Source: Medium

Gold, USD/OZ (right) vs. S&P 500 (left). Source: TradingView

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US 30 Futures	33,531.5	-99.5	-0.30%
US 500 Futures	4,124.88	+4.63	+0.11%
Dow Jones	33,647.17	-98.23	-0.29%
S&P 500	4,133.90	+4.87	+0.12%
Nasdaq	13,934.43	+84.43	+0.61%
S&P 500 VIX	16.92	+0.01	+0.06%
Dollar Index	91.970	-0.174	-0.19%

Crude Oil WTI	60.38	+0.68	+1.14%
Brent Oil	63.98	+0.70	+1.11%
Natural Gas	2.627	+0.066	+2.58%
Gold	1,743.95	+11.25	+0.65%
Silver	25.418	+0.551	+2.22%
Copper	4.0347	+0.0162	+0.40%
US Soybeans	1,392.12	+10.12	+0.73%

SPDR S&P 500	412.11	+0.47	+0.11%
iShares Russell 2000	220.43	-1.29	-0.58%
Invesco QQQ Trust	339.17	+2.50	+0.74%
Direxion Daily Junior Gold Miners Bull 2X Shares	90.58	+4.07	+4.70%
iShares Silver	23.54	+0.50	+2.17%
ProShares Ultra VIX Short-Term Futures	4.75	-0.03	-0.52%
ProShares UltraPro QQQ	109.23	+2.38	+2.23%

Apple	133.03	+1.79	+1.36%
Alphabet A	2,252.33	+7.71	+0.34%
Tesla	737.27	+35.29	+5.03%
Amazon.com	3,428.70	+49.31	+1.46%
Netflix	553.88	+1.10	+0.20%
Facebook	312.62	+1.08	+0.35%
Bank of America	39.58	-0.48	-1.20%

Close, but no cigar! Here are 2020’s worst Bitcoin price predictions

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