Bitcoin Price Forecast 2020: BTC, the ultimate store of value

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By Tomas Salles

btc price



  • 2020 will be a challenging year for Bitcoin price, with its climax in mid-May.
  • The technical situation on the BTC/USD pair is nearing a “do or die” point.
  • The third Bitcoin forecast scenario of neutral lethargy would come to a slow agony.
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2020 will be a challenging year for Bitcoin. Strong conundrums have to be resolved both in the fundamental and technical side, with the halving event coming around May and the long-term trend-lines and Fibonacci retracement levels coming from the 2017 big surge in play. How these arguments play out will determine whether the main cryptocurrency can confirm its status as the ultimate modern store of value, the digital version of gold.




 Gold has been used for thousands of years to store and transport wealth. Today, the industrial applications of gold are very important, but in the year 3000 BC, its purpose were merely to function as a reserve of value, or just ornamental.

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