I think that the Bitcoin (BTC) price will rise by 2.50% following a string of fundamental events. This is because positive news and developments can often have a positive effect on the price of cryptocurrencies. To put it simply, when good news comes out, it can bring more people into the space and push prices higher.
The potential for fundamental events to have a positive effect on the Bitcoin price was seen in December 2020 when several key announcements caused the price of BTC to surge. This included PayPal enabling users to buy and sell cryptocurrency, Grayscale continuing to be a major buyers of Bitcoin, and the increased acceptance of cryptocurrency within the US.
In the coming months, we are likely to see a number of more bullish announcements related to Bitcoin that could help to push the price higher. These might include everything from announcements from certain financial organizations allowing their customers to invest in Bitcoin to potential new regulations that would help to open up Bitcoin to traditional investors.
So, in conclusion, my Bitcoin price prediction is that following a string of fundamental events, the price of Bitcoin will rise by 2.50%.
