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Home Data Analysis

Bitcoin Price to Reach $9,000 Before 2020 Ends, Crypto Analysis Says

globalresearchsyndicate by globalresearchsyndicate
December 27, 2019
in Data Analysis
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Bitcoin Price to Reach $9,000 Before 2020 Ends, Crypto Analysis Says
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Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Comparing the return on investments (ROI) between Bitcoin and Ethereum during the first cycle of both, a crypto trader finds that the second circle could take the ETH price to the moon in 2025.


‘Between $10,000 and $45,000 per ETH in 2025’


In his recent tweet, analyst ‘CryptoWolf’ writes that the price of the second biggest cryptocurrency may hit a breathtaking level in 2025 – between $10,000 and $45,000 (something that is even Bitcoin is far away from so far).


To let it happen, the return on investments for ETH must show a 500% offset.

Image via Twitter

Previously, another crypto trader predicted a similar price surge for Ethereum in the next bull run – $10,000. He did not specify any more or less specific time periods when it may happen, though.


‘24 months of pain for $XRP & $ETH’


Another crypto analyst and trader, ‘Filbfilb’, points out that unlike ETH and XRP, Bitcoin has shown an over-100-percent growth throughout 2019.


Users in the comment thread are expressing hopes that ETH will regain its previous highs soon.


24 months of pain for $XRP & $ETH – not so much for $BTC up >100% in the last 12. pic.twitter.com/YBNJVA7WRo


— fil₿fil₿ (@filbfilb) December 23, 2019

Image via TradingView

Bitcoin Price to Reach $9,000 Before 2020 Ends, Crypto Analysis Says


‘Huge opportunity or huge oof?’


Usually, the community considers price dumps optimistically as opportunities to buy the dip and reap profits later on, after ‘hodling’. Bitcoin fans keep talking about it, when the price dumps. Ripple retail investors tweet about it all the time when XRP sees another decrease after a release from Ripple’s escrow.


However, now, it seems, some start feeling tired of seeing their favourite ETH in the lows and are now doubtful whether this is a good buying opportunity or a disaster.

Image via Twitter

$25 mln worth of Ether hits major exchanges


Earlier, U.Today reported that a whopping $25 mln in Ethereum had been sent to three major exchanges – Kraken, Huobi and Binance.


The data came from ViewBase and they also assumed that the coins were sent possibly by Vitalik Buterion himself. However, later on the Ethereum founder denied that, saying that the address was mistaken with his.


Still, seeing this massive ETH transaction, the community now expects an ETH price dump.

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