Market analyst Willy Woo offered a bullish prediction for Bitcoin on Twitter on Dec. 1, saying that $300,000 was a possible price target by the end of 2021.

• Woo said that his model predicting a $200,000 target was “conservative”, with $300,000 now “not out of the question”
• He goes onto offer some technical metrics for his bullish stance, saying that the dollar gain in market cap per dollar invested has increased over the years, from $2 during the 2013 bull run to $3.50 in 2021
• PlanB, another prominent market analyst, is also bullish for 2021, saying that the price could reach as high as $288,000; however, some investors have labeled the price prediction as too unrealistic, betting against the S2FX model
• Analysts from JPMorgan Chase, in an abrupt departure from the bank’s stance on cryptocurrencies, has said that “Bitcoin could easily double or triple in value”