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According to previous Bull Run of Bitcoin pattern, it has been suggested that the current run can see a $160K Top of $25K Bottom

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INDIA

Dec, 08 2020

Dec, 08 2020

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Even if the digital currency markets have increased to a great extent in value there are so many proponents of crypto assets who are now thinking how far is it possible for the next bull run to take it. Suppose, the previous three bitcoin Bull Run could see the difference in the spike of the price there was quite a fall of less than 80% also. If there is another bitcoin bull ruin that may follow the same pattern then it is possible that the crypto asset can reach the $160k per unit. During publication, the economy of the cryptocurrency is quite more than half of the trillion dollars and has also been hovering at $538 billion today.


There has been quite a 2020 crypto price boom which actually kept the proponents of the crypto believe that there is a bitcoin bull run that is currently in the session. At a price height which is of nearly $18,977 per coin, bitcoin has turned out to be close to reaching 2017 quite high. There has also been a myriad of people who have been assuming that bitcoin can easily reach six digits to cross the value of more than 100k$ zone in the coming future. Suppose, in the recent interview that was attended by Mike McGlone, the discussion was made on the sustainment of the bitcoin current level. During this report, he further added that in the coming 2 years, there is quite a possibility of the bitcoin to add another zero at the end of the price tag.


There are so many bitcoiners who also believe that BTC has the ability to reach more than $100k and the discussion of the range in the price is common at the Reddit and Twitter forums. Also in the recent tweet that cooling shared, there was a chart that stated on the BTC possibilities to reach around$160k if the price 8x from the previous ATH.


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