Investment bank analyst: Bitcoin will return to the high of 20,000 US dollars in March 2021.

In a recent study sent to clients, analysts at investment bank Canaccord Genuity predicted that Bitcoin would return to the high end of 2017, or $20,000, in the next 24 months. Analysts said that four months have passed since 2019, and they have noticed a price move that is strikingly similar to Bitcoin between 2011-2015 and 2015-2019. Bitcoin has begun to form the bottom of the spring of 2019 that it mentioned last year. Looking ahead, if Bitcoin continues to follow the same trend, it will slowly rise back to an all-time high of $20,000, which will theoretically reach that level in March 2021.