Given the current market conditions and the upcoming fundamental events that may affect the price of Bitcoin, I believe that Bitcoin could potentially rise by 2.50% or more.
There is increasing speculation surrounding the upcoming Bitcoin halving event scheduled for May 2020, which will effectively reduce the amount of new Bitcoin being sent out into circulation. This could reduce the overall supply of Bitcoin, creating an appreciating price as demand remains the same.
Additionally, increasing institutional interest in Bitcoin could also drive up prices as more corporate entities and large financial institutions begin to buy and use Bitcoin as a store of value or medium of exchange. With more corporate and institutional money entering the market, this could further increase demand for Bitcoin.
In addition to the fundamentals, Bitcoin’s movement could also be affected by other factors. Increasing media coverage for Bitcoin, both positive and negative, could also help to drive up prices. Furthermore, other news around political developments, regulatory actions, and other factors can also have an impact on prices.
In conclusion, it is difficult to predict the exact percentage by which Bitcoin may go up. However, given the current market conditions and upcoming fundamental events, I believe that a 2.50% rise is a reasonable prediction.
