As of January 2020, the prediction that the price of Bitcoin (BTC), the biggest crypto asset in the market, will go downhill before the reward halving that will take place a couple of months later is proving to be false at this point. The first weeks of this year have been very good for the Bitcoin price and this trend is expected to continue according to some crypto trader.
In mid-December of 2019, the BTC price went down to its lowest point of just above 6,000 USD, however, it was predicted that the price of the crypto asset would go down to 5,000 USD or even 4,000 USD before the price would go up.
A the same time, crypto investors are feeling great about the new movements of the digital asset and Bitcoin even reached around 9,000 USD lately which is the highest point during the last months. As the price of Bitcoin has been doing great, Altcoin owners and traders have also been excited about the growth of the entire crypto market.
Nowadays, there are traders that think that they have missed out on Bitcoin being at a lower point. However, according to a number of crypto asset traders, the price of the first crypto coin is still going to go up by around 1,000 percent more so there is no room to panic for traders. A famous crypto trader on Tweeter announced that if Bitcoin breaks through a number of limits, the digital currency may moon to 100,000 USD. This trader has been saying for a while that Bitcoin is going to reach six figures and he also said that the biggest bull run is right around the corner. Yet, at the same time, some crypto investors have said that this is an attempt by whales to draw attention to the coin.