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Bitcoin price could see $ 20k in two weeks



Bitcoin (BTC) prizes can match their full-time $ 20,000 over the next two weeks – and could beat $ 50,000 or $ 100,000 by the end of the year, according to eToro analyst Simon Peters on June 26 .

According to Peters, it took 7 to 14 days for BTC to reach the record $ 20,000 when it was last at $ 11,800.

He warned that his short-term prediction is based on the assumption that bitcoin maintains its current parabolic path. [19659002] Peters believes that this rally is different from past fluctuations because it has not been accompanied by a spike in Google search for "buy bitcoin" ̵

1; indicating that the capital entering the market comes from institutions and investors who have previously parked their funds in stablecoins.

About whether the wave is sustainable, Peters added:

"With the number of sales positions in the market, it is possible that we could quickly see a correction. Although that was the case, bitcoin continues to be on track to close the first half year of the year on a very positive note. We could see bitcoin reach $ 50,000 or even $ 100,000 this year. "

The analyst continued to notice that BTC's winnings are at the expense of altars, some of which are" pummeled " as they settle on significant downs.

Bitcoin's parabolic advancement continued past $ 12,000 on June 26 – the first time the crypto course has hit this figure for over a year.

Data from CoinMarketCap also suggests that BTC has exceeded 60% market dominance for the first time since April 2017, with a capitalization of $ 226 billion.


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