Bitcoin can fall below $30,000, but by the end of 2021 it may reach $100,000

Bitcoin can fall below $30,000

Bitcoin is in the red, according to Coinmarketcap data as of April 23. BTC price on that date was $49,139.

“The tax news is a big Bitcoin bomb that exploded at a very unfortunate moment, after a period when early buyers were actively taking profits and waiting for new signals of future direction,” said Janis Kivkulis, lead strategist at EXANTE.

Vitaly Kirpichev, head of development of the TradingView platform in the Russian Federation, believes that the price of the main cryptocurrency is capable of falling to $30,000.

BTC can reach $100,000 by the end of the year

By the end of 2021, BTC may reach $100,000, according to a crypto enthusiast under the nickname The Moon.

“Bitcoin is falling, but remember that it’s only temporary. The price will still close above $100,000 at the end of this year,” he tweeted.

A well-known cryptanalyst Lark Davis believes that “Stories will be told about those who bought bitcoin under 50k.” Many market participants associate the negative market dynamics with information about the desire of the US government to raise the capital gains tax.