What to expect from Bitcoin at the end of 2020?

From Cointelegraph en Español we talked with different personalities of the crypto space in order to know their visions about what is coming for Bitcoin at the end of this year.

The year 2020 has been a resounding, complicated and dynamic year and everything seems to indicate that the closure will not cease to be so. With an election on the horizon in the United States, markets and assets, including Bitcoin Bank are waiting to see who will be the new occupant of the White House. On a technical level, we’re also seeing some prospects that could cause some changes in the market, and that augur as epic an end to the season as it turned out this year.

In order to evaluate the different perspectives that can be seen within the market, at Cointelegraph en Español we have talked to different Spanish speaking crypto-space personalities in order to evaluate their opinions about what they expect from this year’s closing.
Anibal Garrido, crypto-currency trader

Bitcoin, unlike the conventional cycles of the institutional market, has a more accelerated reproduction capacity due to its 24/7 activity. What for the traditional market can represent a decade, in cryptoactives it can take only 4 years. After its last big rally in 2017, the bullish behavior can probably be emulated again in 2021. Currently, Bitcoin’s challenge is to break the June 2019 peak of almost $14k and if it manages to do so by the last quarter of 2020, we’ll probably see Bitcoin face its historic and biggest enemy in price: the $20k.

Bitcoin’s price is approaching $12,000 and could be the signal for the beginning of a new bullish cycle.

Eloísa Cadenas, founder of CryptoFintech

Personally, we have used econometric models based on historical prices since 2018, which give us a price forecast above US$10,000 but at least until December of this year it would not be above US$14,500 and although there may be corrections, I would not rule out the price being placed at 17K for the 1st or 2nd quarter of 2021 (unlike models like S2F which at some point estimated a bitcoin price of 100k for 2021), I think that is a pretty high expectation; Nevertheless, I agree with the upward trend. From my perspective, I consider that our technical analysis is consistent mainly because of the movements we have seen in the market, for example, the recent investments of GrayScale, CoinShares and MicroStrategy of 449,596, 69,730 and 38,250 bitcoins, respectively; also, it is important to note that approximately US$6 billion is held by 18 public companies showing a higher participation by public companies and giving points in favor of bitcoin. This indicates that there is a greater interest in acquiring bitcoin as a reserve of value and that, bitcoin as an asset similar to gold, is increasingly viable; therefore, many companies could replicate such decision to acquire bitcoin as a reserve of value and eventually, hoarding, make the price of bitcoin continue with an upward trend.

Cristobal Pereira, CEO Blockchain Summit Latam

I would expect several things from Bitcoin, which would affect their prices. On the one hand, I’d expect to see more public companies registering Bitcoin in their accounting books, as we’ve seen this year, such as Microstrategy, Square, among others. On the other hand, I would expect to see on the side of regulators and traditional financial institutions a move towards the development of new financial services such as custody and payments. I would expect to continue to see an increase in people learning, acquiring and using it, and finally that should have grounds to expect a Bitcoin of over $15,000 by the end of the year.

Is $15K possible for Bitcoin after the election?

Jorge Farias, CEO Cryptobuyer

The growing instability of the North American market, with elections coming up, which are very complicated, together with the issue of the International Monetary Fund’s call for a new Bretton Woods moment, make it more than evident that all the investments that have been made in an institutional way, such as those seen with MicroStrategy and Square, is a trend that will continue to grow, that will continue to grow, and between now and the end of the year I would not be surprised to see more traditional capital funds entering into concrete positions in crypto-currencies, which will inevitably lead to a rise in price. It’s just a matter of time before we see how big the next companies are that are going to join this trend and see the results.
Franco Amati, Co-Founder of Bitcoin Argentina

As for technology, Taproot is the next step that many of us are waiting for, and it has already been developed. Now I’d like to get some


  • Bitcoin tem estado em forte comício desde os mínimos de março.
  • A moeda passou de $3.500 naquelas baixas para cerca de $12.500 nas altas locais.
  • Infelizmente para os touros, um sinal crucial de venda está à beira de aparecer que pode marcar um topo a médio prazo para a Bitcoin.
  • O indicador formou-se pela última vez pouco antes do crash da capitulação de março.


O Bitcoin passou por um forte comício desde os mínimos de março. A moeda criptográfica mais do que triplicou, passando de US$ 3.500 para máximas de US$ 12.500 em agosto. A moeda agora é negociada a $10.800, um pouco abaixo das altas, mas ainda muito acima das baixas de março.

Infelizmente para os touros, formou-se um indicador de tendência crucial que sugere que o rali a que a Bitcoin foi submetida pode terminar em breve.

O indicador, a parada e inversão parabólica (SAR parabólica), está prestes a imprimir um sinal de „venda“ do livro após o forte movimento mais alto. Se Bitcoin fechar sua vela semanal de $10.000 nas próximas semanas, ele imprimirá este sinal de venda.

Os sinais de venda anteriores têm sido desastrosos para as tendências anteriores do Bitcoin bull. Pouco antes da queda da capitulação em março, um sinal de venda apareceu. E perto dos 14.000 dólares em 2019, apenas duas semanas após ter atingido esse nível, também formou este sinal de venda.

Comentando o indicador, um comerciante de criptografia compartilhou o gráfico visto abaixo e também escreveu:

„O SAR parabólico semanal está se aproximando para piscar o sinal „SELL“. Isso acontecerá se o preço for inferior a 9800$. Tenha em mente que o sinal está atrasado e o indicador é normalmente usado como um ponteiro de nível SL“.


Os touros permanecem em controle a longo prazo, apesar do topo potencial a médio prazo que se está formando conforme o indicador.

Crypto Quant, uma empresa de análise de cadeia de bloqueio, sinalizou recentemente que 10 de 11 de seus indicadores de longo prazo na cadeia estão atualmente em alta.

REvil cyberbende brengt $ 1 miljoen BTC onder in een wervingsactie

De in Rusland gevestigde cyberbende Revil heeft BTC ter waarde van $ 1 miljoen ingediend op een openbaar forum in een poging nieuwe gezichten te verleiden om zich bij hen aan te sluiten. Revil Group is berucht vanwege het inzetten van ransomware-aanvallen en het afpersen van hun slachtoffers. De groep heeft ooit 1 TB aan informatie gestolen van het advocatenkantoor Grubman Shire Meiselas & Sacks en eiste losgeld voor het niet delen ervan.

Het lijkt erop dat de cyberbende nu nieuwe gezichten probeert toe te voegen om de schaal van aanvallen uit te breiden. De bende heeft als doel om nieuwe toevoegingen van professionele hackers te maken om aanvallen op te schalen. Om vertrouwen te wekken en hun bekwaamheid te tonen, heeft de cyberbende van Revil 99 BTC ter waarde van bijna $ 1 miljoen ingediend op een open cybercriminelenplatform.

REvil cyberbende RaaS-operatie is privé

De meeste ransomware-aanvallen worden uitgevoerd als Ransomware-as-a-Service (RaaS). De ontwikkelaars van malware hebben de taak om de kwaadaardige code en betalingsweg te creëren en te ontwerpen. Daarna worden filialen ingeschreven om entiteiten te schenden en ransomware-aanvallen uit te voeren.

Als onderdeel van de deal krijgen ontwikkelaars tussen de 30-20 procent van het losgeld dat door elke partner wordt betaald. De aangesloten maatschappijen hebben de neiging om de rest van de opbrengst tussen de 70 en 80 procent te houden. Binnen de Revil-structuur is de RaaS-operatie een afgezonderde opstelling. Dit betekent dat de aangeslotenen worden onderzocht en geïnterviewd voordat ze deel gaan uitmaken van het proces.

De rekrutering van Revil baart zorgen

De bitcoin-storting was bedoeld om de zekerheid te vergroten en vertrouwen te winnen in de hackgroep. Het geld ging vergezeld van een inschrijvingsbericht waarin de verdiensten werden geschetst van de personages die ze zoeken. Enkele van de genoemde vaardigheden zijn penetratietesten, ervaring met msf / cs / koadic, nas / tape, hyper-v.

De hoofdwetenschapper van cybersecuritybedrijf McAfee, Raj Samani, verklaarde dat de laatste inschrijvingsoefening door de cyberbende van Revil zorgwekkend was. In 2019 portretteerde McAfee de ring als de reïncarnatie van de GandCrab-cyberbende , die de activiteiten van 23 met de overheid verbonden organisaties in de Verenigde Staten onderbrak.