Bitcoin will touch the high price in 2020? - page 5.

aioc

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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$

The most realistic price or that will come close id $25000 based on how the price move within a span of three months the movement is slow but stable if nothing big is happening or no big news coming in we are lucky if it jump to $25000 but hoping that it will move up further even if we are in pandemic.

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Quote from: noormcs5 on August 01, 2020, 11:53:02 PM

Quote from: CryptoTalk365 on July 31, 2020, 10:25:33 AM

If it crosses 15k then I think it will be enough for this year. BTC has already suffered the price because of the epidemic and other financial crises. The market looks stable for now and hope this will be work as support and price will go up from here. But we can not predict the future so other people may not agree.

There is no limit for bitcoin and 15K is not a big target compare to what we are witnessing these days, the pump in the market. I think if this continues we may see 20K in this year and even 25 K is possible because as we go higher there will be no or less resistance.

I'm not so convinced that Bitcoin will go so high. Everything is looking fine when price is on the rise but don't forget how easy that can change. Just think how long it took for price to get over 10000$ and that still doesn't mean it will stay there. At the moment we don't have so smooth and continuous growth so I don't think that 15000$ is easy target.

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Right now everything looks to be going great, I believe there is a chance that bitcoin could definitely reach a new high level if it continues like this. Do not be fooled by the drop because corrections always happens during the big increase periods, look at the $20k period and how it got there, there were multiple times when the price went down a bit before it reached $20k so that means that we are still on the right path.

Now that doesn't mean we will reach there but the potential and the outlook looks to be like bitcoin will reach those new highs. Of course in order to do that we should not be pessimistic about our future and not spread FUD along the way as well, as long as we are all hyped and continue that hype towards our messages around the crypto world, it should continue to go up.

Ridwan Fauzi

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We can't specifically predict how much bitcoin's price at the end of this year. It could be pass through the priviois all time high $20.000 or below that price. Or even, the price of $20.000 can be reach before the end of this year like in september or october. Because if we see the current price movement when good sentiment ongoing to increase $1000 just need a few hours.

Just focus on your intention, I mean when you have been predicted that bitcoin price will touch another all time high you may need to prepare. Buy bitcoin as much as bitcoin as you can and hold it until the high price that you have predicted is reached. Also, I agree for those who says don't just follow the other people's prediction even if it's an expert, they could be wrong. Don't forget to set management risk, bitcoin's price is highly volatile you may lose your money in several times.

fullhdpixel

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The price actually goes up in a way but it has been stopped for a while, that means we are back to bull mode. Normally a regular increase that we do not call (not all increases in prices are bulls) stops after one move, like let's say it goes from 9k to 11k and stops that is not a bull, that is an increase, but if it goes from 9k to 9.5k one day, next day 9.5k to 10.3k and nex.. continues like that constantly, that is a bull run. That is why I believe right now we are living in the perfect example of a bull run and I believe we are going to go up even beyond the ATH very soon.

I still wouldn't buy from here, why would I risk it when the price went up when I could have bought when its cheap, but that doesn't mean I believe it will go down, that is just a principle I have in trading world.

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Quote from: Cheesus on August 03, 2020, 09:03:52 AM

In this world crisis, Bitcoin is doing far better and even we can dream for a new all-time high this year. I thought this year we Won't see the better market for Bitcoin because of Covid19, but the halving effect seems working for Bitcoin and Ethereum also doing well, so, I am optimistic to see Bitcoin at 25K USD within the next 5 months, though I won’t be sad if it Doesn't hit, because we have the whole 2021 for that!

This is to imply that the crypto market is not correlated to the global stock market and that is to say that crypto has a better future.

I could see a "Cause and Effect relationship" by now. From Fiat to digital transformation, it was a huge market innovation that makes people to adopt crypto at this pandemic and encourage people to get in. I know that most of us are shocked to see how the market it surges despite of the current situation but likely it was a positive result from a massive market adoption. Then it has to think a sustainable market growth if the crisis will go farther but I wasn't very optimistic with the market to reach beyond $20k.

Cheesus

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In this world crisis, Bitcoin is doing far better and even we can dream for a new all-time high this year. I thought this year we Won't see the better market for Bitcoin because of Covid19, but the halving effect seems working for Bitcoin and Ethereum also doing well, so, I am optimistic to see Bitcoin at 25K USD within the next 5 months, though I won’t be sad if it Doesn't hit, because we have the whole 2021 for that!

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I love your optimism here but with the lack of analysis you have backing up your claims I think that you are just assuming things even your assumption in the world markets is wrong as S&P 100 has officially recovered from it's price dump. If you are assuming that the legality of Bitcoin is the only obstacle here for Bitcoin's bull run than think again. Majority of the countries we have are at least accepting cryptocurrencies in their country yet it didn't trigger any kind of bull run so I think legality here is not the catalyst that we are looking for but instead mass adoption or any kind of real type use where a considerable number is using crypto not only in trading but as means of payment.

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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.

Really? What countries to be exact? I would like to know hihihi. But you know what, actually I doubt many countries will adopt in this time of pandemic. You know, even the rich countries are having a hard time to survive and continue their usual businesses so what more for the smaller countries unless they're not affected by covid.

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

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

Hmm, what I'm feeling is non of teh above. Yeah! We're experiencing a pump season lately but this is not yet a sure sign that we are now heading to bull run. Besides, we are now on the 3rd quarter of the year thus btc price no longer have plenty of time to reach those prices. Maybe next year, let's see

. (but $100k seems ideal at this moment)

davis196

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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$

You are way too optimistic.I think that 15K USD is the absolute top for the Bitcoin price.
The current price increase kinda lost momentum and there might be a price correction back to 10K USD(which isn't something bad).I'm expecting big Bitcoin price bubbles to happen in the next year,due to the massive quantitative easing and fiscal stimulus packs.
What do you mean by "so many countries will legal Bitcoin"?Bitcoin is already legal is most of the world.
Do you have some secret information? Grin

Can you mention a few countries that will legalize Bitcoin?

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Quote from: CryptoTalk365 on July 31, 2020, 10:25:33 AM

If it crosses 15k then I think it will be enough for this year. BTC has already suffered the price because of the epidemic and other financial crises. The market looks stable for now and hope this will be work as support and price will go up from here. But we can not predict the future so other people may not agree.

There is no limit for bitcoin and 15K is not a big target compare to what we are witnessing these days, the pump in the market. I think if this continues we may see 20K in this year and even 25 K is possible because as we go higher there will be no or less resistance.

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Quote from: ScamViruS on August 01, 2020, 06:45:45 AM

No one can say exactly which target Bitcoin will go to. It all depends on the market.

Agree, it depends on the current demand for Bitcoin in the market. Also, sometimes relies on the positive news related to the Bitcoin. Once there is bad news, it may destroy the bullish suddenly. So, the prediction of the next target to reach by Bitcoin in the near future can change anytime if there is something to trigger it.

Quote from: ScamViruS on August 01, 2020, 06:45:45 AM

Since I am a long-term bitcoin holder, I am not overjoyed at the temporary price change in the market. I will make more observations of the market before I make any kind of decision.

This must be noted by all people. It is much better to do our own research and don't depend on the prediction channels or even the expert's saying. There is no prediction with 100% accuracy in crypto prices. The volatility makes Bitcoin or altcoins to be hard to predict. In addition, in some cases, some people or even popular people have a certain purpose in predicting bullish of Bitcoin price.

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Quote from: Emitdama on August 01, 2020, 09:47:16 AM

Why are the options so high? I mean don't get me wrong any of them could hit but at the same time not all of them could happen neither, we don't know so I would suggest having more options if you ask me. Like for example just say 10-15k , 15k-20k, 20k-25k, 25k.. and so forth that way people could pick a lot better. I would say somewhere between 15k and 20k would be realistic and honestly I am betting on that with my money right now.

Seconding that partially but I believe the reason behind the high prediction is due to the recent movement of the market. You can blame them for been very optimistic, even you predicting between that price range is as a result of your been optimistic too but their's more high probably due to some factors best known to them.

2020 mightn't get us to the previous all time high but it'll definitely set the ground running for 2021 bullrun and hopefully 2021 will be friendly generally, unlike all the crisis 2020 brought. The best I think we can get from the bitcoin bullrun is $18k but I stand to be corrected when the unthinkable happens and bitcoin surprises everyone by outperforming it's all time high.

While we hope for the best for bitcoin, lets not neglect the potential of the ethereum ecosystem and its price increase.

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Why are the options so high? I mean don't get me wrong any of them could hit but at the same time not all of them could happen neither, we don't know so I would suggest having more options if you ask me. Like for example just say 10-15k , 15k-20k, 20k-25k, 25k.. and so forth that way people could pick a lot better. I would say somewhere between 15k and 20k would be realistic and honestly I am betting on that with my money right now.

I have bought a lot lower but I am not selling right now and taking my profit, if the price goes down that means I could have profited 2x but failed to do so because I believed it would go up yet failed, but if I am right and the price goes over 17-18k that means I am going to 3x instead of 2x and that would really pay off very well for me.

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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$

Well, I don't know how much bitcoin price will be because we already touch $11k, and it still needs more time to increase and touch $12k and the other high price. It could be possible to break that price if many people want to buy bitcoin so that the price will go up and down many times. I don't expect to see the bitcoin price will increase so high because the conditions now still can not be predicted, and I prefer to follow where the price will move.

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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$

Every year we plan some huge expectation of Bitcoin, so you think it will be touch.
1. 25,000$
2. 33,000$
3. 50,000$
4. 100,000$
In reality we can't predict the Bitcoin so I expect it can reach 15k to 17k USD. Once it will reach my prediction I am happy to start the next year booming. Already many countries are slowly accepting the Bitcoin so we expect more growth on further day.

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No one can say exactly which target Bitcoin will go to. It all depends on the market. But if we check the history of Bitcoin we will understand what is actually happening. BTCUSDT Monthly Closes Above 10900 Since Dec 2017 which will give more confidence to the traders. But I think here, you still need a lot of time to achieve any of target. The market does not move forward without correction. For some reason, creating hype in the market does not mean bull market started. Since I am a long-term bitcoin holder, I am not overjoyed at the temporary price change in the market. I will make more observations of the market before I make any kind of decision.

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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$

If we will see a fresh new wave of investors, then we might see all time high this year. But it's not always the case, we are still in the pandemic and we might see more retail investors reluctant to join because the price is already too high for most of them.

So I'm banking of institutional money, however, it seems that they have accumulated during the bear cycle. I'm don't know where you get the idea that bitcoin will be legalised by countries argument. Bitcoin is a free market, no one can stop it or even ban them. So I'm leaning towards not seeing all time high in 2020. The market is still immature to push the price to that levels. And we really don't know what or when will be the next bubble. But in 2021, we're going to see how everything will fit the puzzle.

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

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

None of the above. In my opinion, not in 2020.

I believe the March-August rally is a Wave 1 in a new impulsive bull market. I expect this wave to top out somewhere in the $12K-$17K range sometime in the next several weeks. Then comes a multi-month bearish correction (Wave 2). Summer 2016 is one example.

Time is always difficult to guess but with all that in mind, I think BTC will be nearing its ATH in early (possibly mid) 2021.

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Quote from: Upgrade00 on July 31, 2020, 02:17:17 PM

I'm more concerned with price sustainability than the highest peak reached. During the previous ATH the price peaked at almost $20k at the end of the year, however the average price throughout the year was much lower than that, and the price quickly plummeted after that.

It's because we're already in the bubble that time, so after reaching ATH, the bubble then are burst and next come the bear market.

Quote from: Upgrade00 on July 31, 2020, 02:17:17 PM

So far this year we have witnessed increased stability, registering the highest annual average price. If we can have slow organic growth Bitcoin could attain and maintain high peaks, rather than a rinse and repeat profiting.
Of course, there has to be drops after spikes due to speculation and panic sellers (who fear a price drop), but if this correction is not too wide, it would be a huge positive and could lead to more adoption of bitcoin.

We could see some drops, or as others wanted to put it, healthy correction. But I'm not seeing any ATH this year, we may get close, but it the 4 year pattern are going to be used as a gauge for future price, it could be 2021.

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