BTC Price Prediction: Bitcoin will continue to grow after consolidation in 2021

Facts About Bitcoin

Members of the crypto community shared their forecasts for the movement of BTC.

Most cryptocurrencies from the top 10 of the CoinGecko resource capitalization rating began Thursday with a fall. Bitcoin, as of 10:05 (MSK), is trading at $ 55,552. During the day, the cryptocurrency has risen in price by 2.6%, which was the best result among the top 10. Over the week – by 9.8%.

The largest losses in 24 hours were recorded at Uniswap (-5.2%). At the same time, the cryptocurrency showed the best movement result in 7 days (+ 18.9%). During the week, Cardano lost more actively than others (-7.2%).

The most capitalized cryptocurrencies. Data: CoinGecko

Crypto community members drew attention to the fact that bitcoin has already gone through two major corrections. According to investors, realized and future depreciation of the BTC rate can be used for profitable entry into the market.

One of the founders of the Gemini exchange, Tyler Winklevoss, believes that against the background of the implemented corrections, bitcoin will be able to enter a new phase of growth. The positive movement of the digital asset, in his opinion, will be facilitated by the interest in the financial instrument on the part of institutional investors.
Analyst Joseph Young believes that bitcoin can realize growth amid expected capital inflows from large investors. Before the positive movement, BTC, in his opinion, will turn into a sideways movement – a period of consolidation before the next round of growth.

Vitalik Buterin has x100 scaling solution for ETH in 2021

According to an article by Citytelegraph,

In his speech on the Tim Ferris Show podcast, the creator of Ethereum, Vitalik Buterin Rollups, singled out as a “really powerful” scaling solution. It will help the smart contract platform stay ahead of its ETH 2 upgrade.

Buterin argued that Rollups could be a solution to Ethereum’s current scaling problems. At least until the introduction of sharding technology in Ethereum 2.0. (Read the whole story here: Ethereum Price Prediction 2021)

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