Bitcoin Price Analysis and Forecasts for 2021

What will Bitcoin cost next year?

5 min readSep 29, 2020

Bitcoin has been around since its conception by a person or a group of people nicknamed Satoshi Nakamoto in late 2008. Soon after, in early 2009 the first P2P client able to transact BTC was launched, and the rest is history.

For years, the first cryptocurrency was no more than a hobby for enthusiasts until the ICO fever of 2016–2018. In this post, we analyze the historical price BTC has reached and provide some forecasts from specialists in the market.

Back in the Day

How Much was Bitcoin Worth When it Started in 2009? When Bitcoin was first developed it didn’t have a price. On October 12, 2009, Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. Therefore, the first BTC price ever was $0.0009 — per coin! How crazy, isn’t it?
How Much was Bitcoin Worth at its Peak? Bitcoin all-time high was $20,089 on December 18th 2017.
How does Bitcoin Price Change? Bitcoin’s price refers to the last transaction conducted on a specific exchange and follows the offer and demand law. When more people want to purchase BTC, the price goes up, and vice-versa when most people sell the asset.

Main Bitcoin Price Events in 2020

First Public Bitcoin Fund Listed on Toronto Stock Exchange — April 9, 2020
Bitcoin value: $7314.95 Bitcoin value 10 days later: $7170.65
Bitcoin Cash Undergoes ‘Halving’ Event — April 8, 2020
Bitcoin value: $7341.15 Bitcoin value 10 days later: $7226.61
Binance Acquired CoinMarketCap for $400M — April 1, 2020
Bitcoin value: $6671.95 Bitcoin value 10 days later: $6814.05
Microsoft Patents New Cryptocurrency System Using Body Activity Data — March 26, 2020
Bitcoin value: $6709.95 Bitcoin value 10 days later: $6778.61
Bitcoin Rally on Fed’s QE ‘Bazooka’ — March 23, 2020
Bitcoin value: $6492.94 Bitcoin value 10 days later: $6833.05
Bitcoin Price Tops as FED Cuts Interest Rates to 0% and Restarts QE — March 15, 2020
Bitcoin value: $5360.06 Bitcoin value 10 days later: $6687.7
Bitcoin Loses Half of Its Value in Two-Day Plunge — March 13, 2020
Bitcoin value: $5629.58 Bitcoin value 10 days later: $6492.94
Indian Supreme Court Lifts Ban on Bitcoin Trading — March 4, 2020
Bitcoin value: $8767.89 Bitcoin value 10 days later: $5182.32
FCoin Exchange Shuts Down After Becoming Insolvent — February 17, 2020
Bitcoin value: $9706.08 Bitcoin value 10 days later: $8816.58
Lightning Labs Raises $10M Series A Funding — February 5, 2020
Bitcoin value: $9613.4 Bitcoin value 10 days later: $9903.02
Twitter Adds Bitcoin Emoji — February 2, 2020
Bitcoin value: $9333.08 Bitcoin value 10 days later: $10347.95
Second City in Switzerland Accepting Tax Payments in Bitcoin — January 29, 2020
Bitcoin value: $9290.46 Bitcoin value 10 days later: $9897.66
Peter Schiff’s Bitcoin Wallet Vanishing Act Is the Most Boomer Thing Ever — January 19, 2020
Bitcoin value: $8698.57 Bitcoin value 10 days later: $9290.46
CME Group Launched Bitcoin Options — January 13, 2020
Bitcoin value: $8105.48 Bitcoin value 10 days later: $8392.15
Bitcoin Price Breakout Amid US-Iran Tensions — January 6, 2020
Bitcoin value: $7761.82 Bitcoin value 10 days later: $8716.91
Youtube Bans Crypto Videos “by Mistake” — December 23, 2019
Bitcoin value: $7324.49 Bitcoin value 10 days later: $6961.57

Photo by André François McKenzie on Unsplash

Long-term BTC price forecast 2020–2021

According to LongForecast, these are the prices BTC can reach in the next months.

BTC Forecasts for 2020

Bitcoin price forecast for September 2020
Maximum price: $12062
Minimum price: $9880
The average for the month $11175
Change for October -5.9%.

BTC to USD forecast for October 2020
Maximum price: $12667
Minimum price $9951
The average for the month $11322
Change for October 5.5%.
Bitcoin price forecast for November 2020
Maximum price: $12982
Minimum price $10462
The average for the month $11804
Change for November 4.2%.
BTC to USD predictions for December 2020
Maximum price $15059
Minimum price $12133
The average for the month $13350
Change for December 16.0%.