Topic: Bitcoin up to $20,000 before 2020? (Read 644 times)
It don't seems possible to me that price of bitcoin will reach $20k by the end of this year as we have already entered the Q4 of 2019 and only three months are left and prices are still around $8500 at the moment and there are less chances of surge upto that level but predictions have been made earlier also but they prover wrong.So we might see $20000 next year.
Actually, the present price of Bitcoin is too low when the FOMO is very high. Bitcoin price should be crossed by 20K USD this year, but yet the price growth seems very slow. I heard many predictions that BTC price will hit 10-12K USD in October, but today is 14th October and the price is not about 8500! Overall, I want to say, 20K USD is not possible this year with this growth!
very very unlikely to hit 20.000$ this year , for it to reach this level something extraordinary must happen
we should be happy with the support at > 8.200$ , if the year is ended with 8-9k range would give a good base for growth before the halving
we all know how volatile bitcoin is and it reacts immediately to even moderate trade volume increases , both ways
so 1-2.000$ price difference can happen in a matter of hours
I definitely expect bitcoin to break ATH 2020 and not only because of the halving - IMHO , the time has come for it to attract corporate investors and move on to another level
we should be happy with the support at > 8.200$ , if the year is ended with 8-9k range would give a good base for growth before the halving
we all know how volatile bitcoin is and it reacts immediately to even moderate trade volume increases , both ways
so 1-2.000$ price difference can happen in a matter of hours
I definitely expect bitcoin to break ATH 2020 and not only because of the halving - IMHO , the time has come for it to attract corporate investors and move on to another level
- There is a massive FOMO sentiment amongst crypto enthusiasts
He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.
I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving. It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.
But we are more then a half year before halving and only 5% drop put us under $8000. I believe sub $8000 is very possible. Sub $6000 are already much closer to impossible then possible.
Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year. It is also very possible that the value might also drop to $5k.
By the end of the year is what OP is trying to figure out the price of bitcoin not first quarter of next year, bitcoin movements has been unpredictable, everyone wishes to see it above $20k before 2020. But is it really possible, as for me it might and it might not, but by 2020 if there is no Reoccurring negative news, we gonna surpass it's previous all time high 
- There is a massive FOMO sentiment amongst crypto enthusiasts
He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.
I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving. It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.
Chances for bitcoin to reach $20000 before 2020 is very small. This is all because of the prevailing market situation, even now it can move forward and reach $20000 same as that happened in the past. Comparing with the past charts it doesn't have the right momentum for such a hard push to reach the $20000 price.
Often whales manipulate the market, but this is much of a buying time. Large volume holders make use of it buying as much possible, keeping in mind the growth predicted for the halving 2020. Market change takes place in no time, yet this time over the falling months there is more chances for sustained growth than large scale growth.
Often whales manipulate the market, but this is much of a buying time. Large volume holders make use of it buying as much possible, keeping in mind the growth predicted for the halving 2020. Market change takes place in no time, yet this time over the falling months there is more chances for sustained growth than large scale growth.
- There is a massive FOMO sentiment amongst crypto enthusiasts
He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.
I think that by now everyone is aware that this is not going to happen. Looking at the market analysis and patterns it's easy to see that is not going to happen, no matter that Bitcoin could be full of surprises.
Also, for price of 20000$ we would need continuous and fast growth starting now but it's much more likely that we will experience another correction.
Also, for price of 20000$ we would need continuous and fast growth starting now but it's much more likely that we will experience another correction.
I think the main cause of a $20,000 bull run would be the collapse of the Indian rupee
what does the Indian Rupee collapse needed for this to happen?sounds very frank and unsubstantial mate .if this prediction happens then i am closer to win the 4rth quarter prediction contest .but i am very positive that $20k is near to come but i don't see it this year
Bitcoin can't even climb to 15k usd and thats my basis on why we wont achieve this target soon.but in 2020?halving is near so why not?
Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year. It is also very possible that the value might also drop to $5k.
Halving can be something that really change price of bitcoin in 2020. But in otherside, like what you said 5k can be possibily happen if people's expectation not fulfilled because of halving. But bigger chance that bitcoin price will be increased.
Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year. It is also very possible that the value might also drop to $5k.
- Price patterns favor a $20,000 bull-run by the end of the year
- There is a massive FOMO sentiment amongst crypto enthusiasts
Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.
Well, we're all guessing here--it's all we can do, since nobody I know has a functioning crystal ball. lol. But I agree that there isn't enough time left in the year, nor enough momentum for bitcoin to even get close to $20k. 
No, it's impossible. Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.
That price was too expensive if we're going to see it this year, because it hasn't fully recovered from falling. This October more traders expects rising trend for bitcoin, but it was just a slow movement that's going to bounce again to coup up several losses. There's no exact date for $20K to when it will be achieved, so far we're heading to that but it needs long term waits.
No, it's impossible. Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.
I don't think it will happen before 2020, but I am sure it will happen at the end of 2020, after Halving Bitcoin happened. We have experienced 3 years before where a year after Halving Bitcoin happened, the price of Bitcoin will be to the moon. And I believe that can be repeated again at the end of 2020.
I am completely sure that the halving will have a positive effect in the price of bitcoin, but people forget that the halving itself is not enough to produce a bull market, we need positive news coming from the developers about bitcoin and important announcements about the growing adoption through the world, this is why I am doubtful that we will see a price of 20k in 2020, I know that we got close when bitcoin surpassed 13k but soon afterwards we got to 8k and there is still a strong chance of seeing a lower price than that. 
20k won't happen.we will see a prolonged pullback until a latent bull trend starts . pump of today does not mean uptrend , Will have to wait till 2020 or 2021 before they entertain running it up and pulling again
We need to survive 2 more years whether bitcoin will reach 20k in 2021? but I think 2020 bitcoin can reach 15k after the launch of Libra in 2020.
Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/
My key takeaways:
Thoughts?
My key takeaways:
- More and more people are using crypto as a way to diversify their investment portfolio
- Brexit is a mess and this only helps Bitcoin
- The trade war is a mess too and this only helps Bitcoin
- Price patterns favor a $20,000 bull-run by the end of the year
- There is a massive FOMO sentiment amongst crypto enthusiasts
Thoughts?
Don't forget the Bakkt launch hype and the Facebook Libra effect should be taken into account. Now people are dumping coins for profit after the Bakkt launch. I think the bitcoin price got pumped because of two things which are: the Bakkt launch and Facebook Libra ICO. The Bakkt is launched and Facebook Libra has no official date of the ICO/IEO
Just my two cents, I don't think Bitcoin would make it to $20,000 before this year end. Same thing happened last year wherein the market was dominated by continuous downfall, despite of the expectations, the market value still did not meet the expectations of the majority, which I think is nostalgic. This would only be possible if a miracle would happen or something would trigger the continuous pump but ofcourse, we should keep in mind that we are 3 months away before we enter 2020. Better not tempt yourselves and stick with holding still.
Maybe up to $100,000. Since the supply is fixed, the number of coins on either side of market price is not going to change much over time. What will change is the number of independent people or entities who control the orders either side. This essentially means dispersion of coins. At some point in future, a person owning BTC100 could be a whale. But the impact of such a whale would become smaller and smaller as coins spread into more and more hands. That's how BTC will gain in price because even at more than a trillion market cap, spread out ownership would mean there aren't too many overextended folks who will start dumping to take profits and protecting their Networth. Price will still move but less, because single individuals won't have the power to make big market moving orders.
Jump to: