Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. This news pushed Bitcoin's price higher immediately.
Notwithstanding, will there be a crypto bull run in 2020?
At the time, Bitcoin was ending a period of so-called RSI compression, which accompanied a series of higher lows and lower highs for the BTC price. In July, Woo predicted that the bull run would begin in Q4 of 2020 and run into 2021 — something that has so far become a reality.
In every case, will Bitcoin have a future? Bitcoin Price in 2030 – Predictions by 5 Experts China's first exchange CEO Bobby Lee said, it will take 20 years for the BTC to reach $1 million. In his future price prediction the value will increase in 2020 and reach $333,000 in 2021. Then the Bitcoin will fall back to $41,000 in 2023.
But, is Bitcoin on a bull run?
Technical factors suggest Bitcoin is still in a bull run even after a sharp sell-off from $18,476. ... The four factors that show Bitcoin's momentum remains strong are whale inflows, a strong market response, resilience above each whale cluster, and high open interest.
What is bull run in Cryptocurrency?
A bull run is a longer period of rising prices and optimism in the market. Most investors are eagerly looking forward to a (new) bull run. When investors talk positively about Bitcoin or other cryptocurrency, they are bullish. An example of a bull run was in the end of 2017 and the beginning of 2018.