Forecast: Should prominent altcoins invest in 2021, Bitcoin price will reach $ 50,000 this year?

By Selena On Jan 4, 2021

The trader, known in the industry as Flood, shared with his 92,000 followers some of his biggest forecasts for the crypto space this year. In which, the Bitcoin price will likely rise to $ 50,000.

2021 predictions:

Bitcoin trades above $50,000 for the majority of 2021$SNX trades above $24 this year

DeFi TVL 100B+ by Q4@ISilico becomes the most used tradingview trading suite of all time

— Flood (@ThinkingUSD) January 3, 2021

Forecast: Should prominent altcoins invest in 2021, Bitcoin price will reach $ 50,000 this year?

Professional cryptocurrency analyst Flood has just said his biggest forecast for the cryptocurrency market in 2021. In which, the Bitcoin price will likely rise to $ 50,000.

When asked about his forecast, Flood gave a blunt answer and insisted Bitcoin could skyrocket to $ 100,000 this year.

yes absolutely

— Flood (@ThinkingUSD) January 1, 2021

In addition to SNX and Bitcoin, the trader is also optimistic about the Aave lending and lending protocol and Ethereum competitor Polkadot (DOT). Looking at XRP, Flood named a catalyst that could allow Ripple’s native token to catch up with Bitcoin or ETH.

$SNX $AAVE $DOT

and btc of course

— Flood (@ThinkingUSD) January 1, 2021

He stated:

“XRP is actually in an interesting spot right now because a settlement of the lawsuit could be a bullish catalyst and lead to a pump, but for now I think there are better assets.”

When asked about his biggest loss in Bitcoin, Flood stated that he lost 44 BTC while the leading crypto asset was trading at $ 7,800. On his biggest return in a single day, Flood notes he once made close to a million dollars in a 24 hour period.

He also answered the question of how he can grow his account to the point where he can trade consistently with seven or more numbers.

You can see the BTC price here.

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