Bitcoin will touch the high price in 2020?

KTChampions

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Quote from: Raflesia on September 04, 2020, 01:50:36 PM

Quote from: KTChampions on September 02, 2020, 05:03:11 PM

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

If a decline like in March I don't think it will happen right now because I am sure that with the Defi trend, many people are taking advantage of it and yes, the market capitalists are swelling, but how about the price of bitcoin that happens to be a correction and help it to go up then decline it will not happen so the altcoins will survive as well as they can now, but what I worry about is the prolonged bearish trend and the trend is over then we will be in a phase like we used to be again.

At the moment, the situation is developing in exactly the way that I fear. And it seems to me that with every hundred dollars down, the probability of a sharp failure grows very much. I do not know how quickly the upward rebound will occur (it is good if it will be like in March), but at the moment I would try to protect my savings from a sharp downward movement.

Raflesia

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Quote from: KTChampions on September 02, 2020, 05:03:11 PM

Quote from: lumeire on August 30, 2020, 09:36:27 AM

Bitcoin block reward halving would have been a driving force for the bitcoin price if the same situation was present 1 year back, for now it isn't the bitcoin block reward halving, it is something else. It can be due to the DeFi tokens that are attracting so many investors and once they are done with their investment in the DeFi tokens then they have to keep their money safe in a safe heaven and it is always better to keep your money in bitcoins than in any other token. It can also be the stock market money coming in cryptocurrencies as already stock market is in profit and bulls are really driving up the prices so the excess money is coming in cryptocurrencies.

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

If a decline like in March I don't think it will happen right now because I am sure that with the Defi trend, many people are taking advantage of it and yes, the market capitalists are swelling, but how about the price of bitcoin that happens to be a correction and help it to go up then decline it will not happen so the altcoins will survive as well as they can now, but what I worry about is the prolonged bearish trend and the trend is over then we will be in a phase like we used to be again.

KTChampions

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It seems to me that volatility has increased sharply against the background of falling volumes, or am I mistaken? Anyone have any exact details? If so, then a deeper fall awaits us, although upward shots are possible (for whales, they will be quite cheap if liquidity in the market has fallen).

STT

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I'd say its 50/50 still because of the weak dollar and how that can bring in new funds to inflate us to the highs. I'd normally expect us to retract, consolidate support lower or recheck prices however you like to view it but this year has been exceptional in moves by the FED.
The reason why upwards is still possible is there isnt a grand amount of volume to overcome, most of it is in this area really.

Zemomtum

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The way the 12000- 12500 USD has been rejected so many times, I doubt if we will experience any all-time this year. Most people are shifting into DeFi and it seems o be the one gaining attention for now.

KTChampions

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Quote from: lumeire on August 30, 2020, 09:36:27 AM

Bitcoin block reward halving would have been a driving force for the bitcoin price if the same situation was present 1 year back, for now it isn't the bitcoin block reward halving, it is something else. It can be due to the DeFi tokens that are attracting so many investors and once they are done with their investment in the DeFi tokens then they have to keep their money safe in a safe heaven and it is always better to keep your money in bitcoins than in any other token. It can also be the stock market money coming in cryptocurrencies as already stock market is in profit and bulls are really driving up the prices so the excess money is coming in cryptocurrencies.

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

plr

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We'll see if that's going to happen on the month of November if the price by then reaches $17 k there's a possibility of another all time high before the end of the year, all my hopes are on 2021 I just follow the last halving price movement prior to the all time high and the probability of this to happen will be on the first quarter of the year.

bitzizzix

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What we have to realize is that bitcoin price swings can reverse things in unexpected ways, and to reach an OP price which I think is impossible because 2020 has 4 months left.
and currently the price of bitcoin is approaching $ 12,000 and to reach the price of $ 15,000 there is a possibility that it will happen at the end of this year and it will continue to rise gradually and we will see the next bitcoin movement and hopefully it will continue to increase to reach the highest price.

blckhawk

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Maybe not this year but if it pumps at $15k probably there's a chance. $25 was too high to achieve right now looking on the movement right now makes me doubt to make it. Though the use of cryptocurrencies is now being somehow encourage due to the situation we were right in, still this won't be enough.

Note: This is just speculation made by me and we know how unpredictable the crypto market is. Everything is possible so stand by and just watch in case of changes happen.

Saisher

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Quote from: Shaheer Arshad on July 31, 2020, 10:23:02 AM

This time all the world market are in crises and also the crypto market but as my predictions that this time crypto market will make a great bull in the market becasue so many countries will soon legal the Bitcoin in their countries and the investment will start in this way in the crypto amrket so much fast.

Bitcoin will touch the high price in 2020?
25,000$
33,000$
50,000$
100,000$

I doubt if $25 k is still attainable we are four months away and the movement is not really changing the paced is slowly, we all want to have another all time high as a gift for us during this pandemic but we must accept what we are seeing in the martket, our only consolidation is we are headed with a lot of hope this 2021.

Chrystora123

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Quote from: Shaheer Arshad on July 31, 2020, 10:23:02 AM

snip..

2020 is only 4 months away and in the last few weeks Bitcoin price has been moving steadily around $ 11k. I just predict Bitcoin will not make all-time ATH in this year. next year Bitcoin is sure to set another ATH record, maybe over $ 25k..

lumeire

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Quote from: piebeyb on August 30, 2020, 07:45:04 AM

You do not include your analysis and your views in detail here, why bitcoin will touch its highest price until the end of 2020, the driving factor for bitcoin prices today is the bitcoin halving which makes bitcoin prices soar now not only due to crisis and others, but $ 20k may be touched until the end of the year if the rally really breaks above $ 12k

Bitcoin block reward halving would have been a driving force for the bitcoin price if the same situation was present 1 year back, for now it isn't the bitcoin block reward halving, it is something else. It can be due to the DeFi tokens that are attracting so many investors and once they are done with their investment in the DeFi tokens then they have to keep their money safe in a safe heaven and it is always better to keep your money in bitcoins than in any other token. It can also be the stock market money coming in cryptocurrencies as already stock market is in profit and bulls are really driving up the prices so the excess money is coming in cryptocurrencies.

Shohanur

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Quote from: mr.smith on August 30, 2020, 03:20:09 AM

Quote from: naikturun on August 29, 2020, 12:02:53 PM

even to 20000 $ i still doubt that. however, if market conditions remain stable until the end of the year it is not impossible that bitcoin will achieve a new attitude. If you look at the last bulls in 2017, the next prediction will occur in 2021.

I agree in 2021 if we are going to follow the route of 2017 the last time bull run happens, 2020 is preparation for the next all-time high that we are hoping, I already commented on a post that Bitcoin will likely reach the $15 k level and $15 K is good preparation for another all-time high this coming 2021, even if we are in a pandemic stage.

I don't think so that in 2021, bitcoin will hit its all time high price. It needs some more time to hit best price if we think about current situation.

piebeyb

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You do not include your analysis and your views in detail here, why bitcoin will touch its highest price until the end of 2020, the driving factor for bitcoin prices today is the bitcoin halving which makes bitcoin prices soar now not only due to crisis and others, but $ 20k may be touched until the end of the year if the rally really breaks above $ 12k

Rana590

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Quote from: mr.smith on August 30, 2020, 03:20:09 AM

Quote from: naikturun on August 29, 2020, 12:02:53 PM

even to 20000 $ i still doubt that. however, if market conditions remain stable until the end of the year it is not impossible that bitcoin will achieve a new attitude. If you look at the last bulls in 2017, the next prediction will occur in 2021.

I agree in 2021 if we are going to follow the route of 2017 the last time bull run happens, 2020 is preparation for the next all-time high that we are hoping, I already commented on a post that Bitcoin will likely reach the $15 k level and $15 K is good preparation for another all-time high this coming 2021, even if we are in a pandemic stage.

I think people are getting involve in it for this pandemic more. Yes, you are right that $15k is good enough to start for all time high. Let's see what happens in 2021.

mr.smith

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Quote from: naikturun on August 29, 2020, 12:02:53 PM

even to 20000 $ i still doubt that. however, if market conditions remain stable until the end of the year it is not impossible that bitcoin will achieve a new attitude. If you look at the last bulls in 2017, the next prediction will occur in 2021.

I agree in 2021 if we are going to follow the route of 2017 the last time bull run happens, 2020 is preparation for the next all-time high that we are hoping, I already commented on a post that Bitcoin will likely reach the $15 k level and $15 K is good preparation for another all-time high this coming 2021, even if we are in a pandemic stage.

KTChampions

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Quote from: kotajikikox on August 23, 2020, 12:57:26 AM

Quote from: Shaheer Arshad on July 31, 2020, 10:23:02 AM

This time all the world market are in crises and also the crypto market but as my predictions that this time crypto market will make a great bull in the market becasue so many countries will soon legal the Bitcoin in their countries and the investment will start in this way in the crypto amrket so much fast.

Bitcoin will touch the high price in 2020?
25,000$
33,000$
50,000$
100,000$

None of the above,i think we won't even reach 20k this year but when the vaccine for the Covid19 released and proven legit?
then the market will grow next year 2021 even that 25,000 price.

maybe i want to play safe because prediction nowadays is really hard to believe not like in te past that most prediction happens closer but now?there have no even few who can take the prediction seriously.

Do you think the crisis caused by the virus will worsen? But in this case, bitcoin has a good chance because it has always been considered an anti-crisis asset, and if governments continue to print money to fight the crisis, then the price of bitcoin may rise significantly.

naikturun

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even to 20000 $ i still doubt that. however, if market conditions remain stable until the end of the year it is not impossible that bitcoin will achieve a new attitude. If you look at the last bulls in 2017, the next prediction will occur in 2021.

Arkann

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Quote from: virasog on August 23, 2020, 02:13:08 AM

Bitcoin already touched 12K this month and it can easily double to 24K by the end of December. As bitcoin prices will move up there will be more hype and less resistance, hence bitcoin may pump hard once it crosses 15K and above.

I believe that there is such a situation in the world that every moment of today's circumstances that appear in the world can be positively reflected on the bitcoin rate. We must not forget about halving 2020, because all past halving gave very good results after a certain time. But also the economic crisis around the world will play a positive role in the future prospects of bitcoin, since big capital is interested in the cryptocurrency market, and investors, as well as ordinary people, will be able to trust bitcoin more than national currencies, which are losing much in value.

virasog

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Quote from: kotajikikox on August 23, 2020, 12:57:26 AM

Quote from: Shaheer Arshad on July 31, 2020, 10:23:02 AM

This time all the world market are in crises and also the crypto market but as my predictions that this time crypto market will make a great bull in the market becasue so many countries will soon legal the Bitcoin in their countries and the investment will start in this way in the crypto amrket so much fast.

Bitcoin will touch the high price in 2020?
25,000$
33,000$
50,000$
100,000$

None of the above,i think we won't even reach 20k this year but when the vaccine for the Covid19 released and proven legit?
then the market will grow next year 2021 even that 25,000 price.

maybe i want to play safe because prediction nowadays is really hard to believe not like in te past that most prediction happens closer but now?there have no even few who can take the prediction seriously.

Bitcoin already touched 12K this month and it can easily double to 24K by the end of December. As bitcoin prices will move up there will be more hype and less resistance, hence bitcoin may pump hard once it crosses 15K and above.

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