There are numerous experts and analysts predicting the future of BTC and its price. Some have used techniques such as Fibonacci extensions, the Mayer Multiple Approach, and the NVT to arrive at their predictions. However, it is possible that the results of these predictions are wildly inaccurate. In the next five years, most of the available BTC will be mined. In other words, supply and demand will not have much of an impact on the price of BTC. The market’s acceptance by various bodies will influence the value of the coin.
A common trend among experts is bullish expectations for the price of Bitcoin. According to Wallet Investor, it will reach $150K in five years. Another estimate claims that Bitcoin will hit $100K in 2027. Experts are divided on the future of BTC and its price, but the majority believe that the cryptocurrency will hit $100K by 2022. However, a long-term investment in BTC is still highly recommended.
It’s not easy to make long-term predictions, but it’s possible to make a good estimate. As with most other markets, you need to practice technical 52av analysis, learn the market, and study the charts. Some experts believe that Bitcoin will reach $1 million by 2030, but others don’t see it moving higher than $160,000 by that time. The price of Bitcoin is subject to many factors, including government regulations.
Also read about Choice home warranty