Bitcoin (BTC) is moving forward in the cryptocurrency market by reaching a new high this year. The digital currency has been in an upward trend since January this year and many consider that it is possible for it to reach a new all-time high in the coming months.
One of the main reasons behind Bitcoin reaching $10,000 this time is related to the fact that in May, Bitcoin will be experiencing a new halving event. This would reduce the number of new Bitcoin issued to the market by half. In this way, if there is a shock in the demand for the virtual currency, the price is expected to be helping the market adjust itself.
In this article, we will share with you which are the next price targets for Bitcoin (BTC) and how it would be possible for it to reach a new all-time high in the coming years. In addition to it, we will also tell you why using AltSignals could be a good way to improve your trading strategies.
Could Bitcoin Reach $100,000?
There are some new targets for Bitcoin now that it has surpassed $10,000. Indeed, the next targets for Bitcoin to reach would be $20,000, $25,000, $50,000 and finally $100,000. The cryptocurrency market is very excited about what can happen with the largest cryptocurrency in the world and how it could affect other digital currencies.
The whole crypto market is now expanding and it could reach new highs in the near future. Nonetheless, the overall market capitalization of virtual currencies is still far from what it was in December and January 2018 and 2019. At the moment, the total market cap is $287 billion, when at that time it was over $800 billion.
2020 and 2021 could be the years in which the whole cryptocurrency market could hit $1 trillion. This would be massive for virtual currencies that have been in a bear trend for over two years, from January 2018 until January 2020.
While Pompliano considers that Bitcoin will reach $100k in the future, it may be possible for it to stay at any price between $25,000 and $100,000.
AltSignals Helps You Plan Your Trading Strategy
In order to improve your trading strategies, the best thing you can do is to start using AltSignals, one of the most popular crypto trading signals providers in the market. With it, you will be able to easily leverage the current bull market in the crypto space and help yourself get some nice profits.
By following AltSignals crypto trading signals on Telegram, you will get privileged information on when to enter or exit a trade in a wide range of virtual currencies. The company is now offering trading signals for BitMex – in which users can trade with leverage.
At the same time, they are now allowing users to follow Binance trading signals, allowing individuals to have exposure to a large number of trading pairs supported by the Binance exchange.