Bitcoin Target 2021 is $ 400,000

Indoviral.online - Bitcoin briefly touched $20,000 in Dec 2017, and it did it again in Dec 2020. However, this time it didn't stop there. 

We've seen Bitcoin peak out at $61,700 just last month, and Bloomberg believes it can touch $400,000 by the end of 2021.

''Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017,'' stated a report published by Bloomberg Crypto. 

''To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high.''

Why 2013 and 2017? Those were the years subsequent to the ones with Bitcoin reward halvings. And according to the analysts at Bloomberg, history may repeat itself again. Maybe it's not too late to buy BTC yet.