Will Bitcoin Price Prediction 2021 Still Hold Up? Bloomberg Says $100K Is More Likely Than $20K

Bloomberg’s latest Crypto Outlook report offers a bullish take on Bitcoin’s trajectory for 2021. According to their analysis, BTC is positioned to appreciate toward the $100K resistance level rather than slide back toward $20K support. The research team behind the report suggests that cryptocurrency markets are entering an upward trend, with Bitcoin leading the charge alongside other major digital assets.

The Bull Case for Bitcoin Price Prediction 2021

The Bloomberg analysis identifies approximately $40,000 as a potential consolidation point within what they describe as a resting crypto-asset bull market. However, the fundamental thesis remains constructive: Bitcoin is more likely to resume its appreciation trajectory toward six figures than to experience a sustained decline. This prediction emerged as the crypto market experienced typical volatility, with BTC trading down 5% over a 24-hour period, yet still maintaining substantial year-to-date gains of 27.3%.

Ethereum Gaining Ground While Bitcoin Dominates

Ethereum (ETH) has become a standout performer in Bloomberg’s Galaxy Crypto Index for 2021, rapidly advancing toward the top market-cap position. The number two cryptocurrency has been a primary driver of positive sentiment throughout the crypto asset class, alongside Bitcoin’s price prediction 2021 momentum. This dual-strength narrative in the market’s two largest cryptocurrencies suggests broader institutional conviction in digital assets.

Market Perspective: Volatility as Opportunity

The Bitcoin price prediction 2021 outlook from Bloomberg arrives amid typical crypto market corrections. Short-term pullbacks, while psychologically challenging for traders, can represent entry opportunities before anticipated price appreciation. The combination of institutional adoption, macro tailwinds, and technical positioning supports the case for upside potential rather than prolonged downside continuation.

Other Digital Assets Worth Monitoring

Beyond Bitcoin and Ethereum, the crypto ecosystem continues generating headline-worthy developments. FTX Token (FTT) secured major partnerships in esports sponsorships, while mining-related sectors remain active with significant deals. These ecosystem developments reinforce the broader narrative around crypto market maturation and expanding use cases throughout 2021.