Bitcoin Price Prediction as BTC Pumps Past $20,500 – Where is it Going Next?
During the European session, Bitcoin remained bullish, having gained less than 0.5% in the last 24 hours to trade at $20,600. Although October is usually a positive month for Bitcoin, the slow start to the month and continuation into the last week of the month eventually triggered an upward trend.
During the Asian session, the cryptocurrency market took a sharp upward swing, and this negative attitude swiftly evaporated. With Wednesday's trade coming to a conclusion, BTC's price had risen above $20,000 for the first time. However, what does rejection at $21,000 imply?
Jim Messina, CEO of consultancy firm The Messina Group, shared his optimistic outlook on cryptocurrencies and Bitcoin in particular on Wednesday (October 26).
On Fox Business, when Bitcoin was trading at around $20,000, the ex-White House deputy chief of staff discussed cryptocurrencies. Messina made the following comments about distributed ledger technology and virtual currencies:
“Look, I think blockchain and crypto is one of the most exciting developments in our lifetime. I think when this is all over, we’re going to be known this generation for Covid and for reimagining our financial system. “I’m incredibly bullish on this. I think it’s good to have a crypto winner, getting rid of some of the BS projects that are out there.“
CNBC reported on 19 September 2022 that Messina "brings some heavy lobbying guidance to a London-based cryptocurrency trading platform as the industry braces for new laws in the US and abroad."
As a result of the optimistic tweet about Bitcoin's forecast reaching $60K, we may see a bullish trend in Bitcoin prices.
Bitcoin is currently trading at $20,583, with a 24-hour trading volume of $54 billion. Bitcoin has risen by more than 7% in
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