Bitcoin prediction for the year 2020 has been getting more into discussion. From my understanding this is happening all because of the increased expectation on the bitcoin halving as the demand increases by that point while the supply is getting decreased. We don't know how things gonna change with time, but with the ongoing price trend I believe price will reach new ath by 2020.
not sure ATH in 2020, if we look at history I think every 4 years it always happens like this, a year after bitcoin halving, so I'm sure 2021 is the peak
Well, the prediction is not a fan of it either, but I think that $ 11k is a good price range to be able to reach, in fact, for me analyzing the market the price at that level is the end of the accumulation range.
But you have to be very careful because when you reach $ 11k you can fall, only if there has already been a large accumulation of bitcoin, I think that when you reach 70-80% of accumulated bitcoins you would be ready to go up, but if you enter Many investors, massive purchases as they continue to be can increase the price of bitcoin more, and quickly reach $ 11k, of course these price ranges can be seen perhaps by the BAKKT that now many investors rely much more on the market because the SEC is involved in it.
your analysis is very precise bitcoin has touched $ 11k yesterday, I think next maybe the price of bitcoin is corrected, but I am still curious what drives the price of bitcoin to rise, not just SEC or BAKKT, I think a lot of good news to push the price of bitcoin itself just analyzing this year the price will recover and bitcoin goes to the Moon next year, so let's look at that
You know it
