According to a new study on the cryptocurrency market, the probability of Bitcoin being $20,000 before the end of this year is 7 percent.
According to data shared on Twitter by an analyst known as Skew, Bitcoin is likely to rise again to $20,000 before the end of this year. However, it should be noted that this is highly unlikely.
Very Low Odds
Some cryptocurrency experts think the price of Bitcoin will rise to $20,000 by the end of this year.
Data collected from platforms such as LedgerX and Deribit shows that this is unlikely. According to research conducted with data from these platforms, Bitcoin will end the year below the $20,000 level with a 93 percent chance.
It’s Possible to Rising
While it seems unlikely that Bitcoin will be $20,000 before the end of this year, that doesn’t mean the price of Bitcoin will never rise.
So much so that research shows that there is a 31 percent chance that Bitcoin will rise to $15,000 before the end of the year.