Many representatives of the crypto community see the potential for growth in the value of cryptocurrencies.
The most capitalized cryptocurrency – bitcoin – started Monday with a correction. At 07:02 (Moscow time), the digital asset was trading at $50,994. The minimum value of bitcoin in 24 hours, according to the CoinGecko resource, is set at $49,687, the maximum at $51,376.
Against the backdrop of the bitcoin correction at the start of the last working week of 2021, members of the crypto community gave their predictions for the cryptocurrency. PlanB analysts believe that digital asset growth lies ahead. This is indicated by the signal of its S2F forecasting model.
Previously, PlanB claimed that bitcoin would be able to break the $100K level by the end of the year. Despite the fact that his forecast did not come true, analysts continue to believe in S2F signals. He drew attention to the fact that the model has repeatedly correctly predicted the behavior of bitcoin. PlanB is confident that the BTC growth signals coming from S2F will be implemented.
From PlanB’s point of view, bitcoin has not yet realized its growth potential.
The largest Twitter community of BTC investors compares the behavior of digital assets after the halving (halving the rate at which the cryptocurrency is released from the network). In 2021, bitcoin does not repeat yesterday’s scenario. In the comments, members of the crypto community drew attention to the fact that the enactment of restrictions related to China’s pressure on the crypto industry could negatively impact the prospects for BTC’s movement.
Analyst Lark Davis, in turn, believes that growth predates bitcoin.
“Bitcoin is the simplest way to increase investment volume 20 times by 2030,” he wrote on his microblog.
More forecasts for bitcoin are in our material.