The current uptrend in Bitcoin price is likely to continue in 2021, driven by increasing institutional interest and reduced exchange supply.At the same time, the Bitcoin halving on May 12th is likely to push the price even higher.
Given the rising demand and supply dynamics, the optimal time to buy Bitcoin might be now. That said, a 2021 price range of $35,000-$50,000 looks quite realistic. Long-term investors should capitalize and buy BTC now while it is still trading around $26,500. For short-term traders, timing your entry and exit points correctly would be the key to maximize returns.