UPDATE: Most Realistic *Bitcoin Price Prediction* for 2021 Cryptocurrency Bull Run | Piers Ridyard

Welcome to my Bitcoin price prediction for 2021. With the recent surge in Bitcoin prices, I think it’s important to consider what’s driving the market and how that might affect the price in the future.

First, let’s take a look at the fundamentals. Over the last year, the Bitcoin network has seen a huge increase in activity. Transactions are up, fees are up, and mining rewards are up. This is all evidence of a strong and growing network that is seeing increased traction from institutional and retail investors.

At the same time, there is also growing institutional interest in Bitcoin. Big players like Fidelity, Square, and PayPal are now offering Bitcoin services and investing in the asset. This influx of capital is likely to drive the price up further.

Now, let’s take a look at the technicals. The recent surge in Bitcoin prices has been driven by a series of higher highs and higher lows. This suggests that there is strong buying pressure and that the price could continue to rise in the short-term.

Finally, let’s consider the macroeconomic environment. With interest rates near zero, investors are looking for alternative stores of value. Bitcoin is seen as a hedge against inflation and a safe haven asset. This could lead to further gains in the price.

Taking all of this into account, my Bitcoin price prediction for 2021 is that the price will reach $125,000 by the end of the year. This is a conservative estimate, and I expect the actual price to be higher. The Bitcoin bull run is just beginning, and I think the asset has much further to go.

Thanks for watching. I hope you found this video helpful.

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