I think only one thing, if Bitcoin rises to $ 20k per share as a result of an election in the USA, this is an excellent Pump, but is it a move prepared by the strong hands? maybe not, they maybe have their moves set up most likely to keep bitcoin going much higher. The elections are a Fundamental, but the normal movement of the market is another thing, perhaps we will see that the bitcoin will rise much more than $ 20k if only if the confirmed bullish trend occurs or begins already.
However, if a certain character wins, I know that bitcoin will take a huge leap, but if not? what scenario could be seen? Will the price stay? go down to?
Topic: BTC is getting ready for 20k again - page 5. (Read 1445 times)
It still needs more time for bitcoin to reach $20k because bitcoin now seems to make a correction for a little down. But the opportunity for bitcoin to reach $20k still wide open, and it could touch that price in this month if bitcoin has more power to increase. Maybe the price can break $20k at the end of this year or it still happens in the next year.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
of course the increase in bitcoin is beyond the original prediction because it is estimated that the increase will only occur at the end of the year at a price of $ 15K and will continue until next year which is expected to reach its peak and exceed 2017.
but currently bitcoin continues to increase and surprisingly it is also not accompanied by altcoins that usually follow the rise of bitcoin. seems like it's a bit late for the altcoins to make the move.
The altcoin will follow behind bitcoin, and if you check on the market, ethereum as the other big altcoin trying to break the other high price, and ethereum price now can pass $400. Sooner or later, ethereum and other altcoins will break the highest price and will get the new ATH.
But you need to be patient and careful because behind the increase in the price, there will be a decrease in the price, giving us a chance to buy back the coins and sell it again at a high price.
Market of bitcoin reaching $20k will happen, but we should not keep hold expecting the same. The market can crash as well as pump anytime. This is why we don't have any expertise to predict the exact outcome of price. Whether the market is bullish or bearish it used to move away from the prediction which is the reality with bitcoin. During the previous bull market the price movement took place almost in the same manner, based on the same we've got more chances of hitting $20k soon.
Bitcoin's growth recently seems an indication that we are in bullish market already. The price is moving upward though there's a correction (which I think is quite normal) but still it manage to break the resistance of $14k value and now its over $15k. I remember the last bullrun also happened in the last quarter of 2017, history can repeat itself and we might reach the ath again or even better if we can surpass it.
Though its just a speculation, there's nothing wrong if we assume its gonna happen. Anyways this is a good scene to those who bought their btc at low price, they probably enjoying the profit of their investment.
Though its just a speculation, there's nothing wrong if we assume its gonna happen. Anyways this is a good scene to those who bought their btc at low price, they probably enjoying the profit of their investment.
If we get to above 20, then onto 100k~200k crash back to 40~ 60 K, then I think we will have the notice of a lot of people.
For the vast majority of people think btc crashed since 20K, and that was it, its dead. It's like Lol BTC didn't that crash.
When it "crashes" back to 40~60K, then the Normies have to re-evaluate what crash means in an exponential rise.
So far crashes have been 3x + ish of prior highs.
Most people have not understood that bitcoin can not simply "disappear" or "cease to exist" like shares, fiat, companies, etc even if it does crash.
I also like the absence of the "tulip" ers. Who have finally shut up.
For the vast majority of people think btc crashed since 20K, and that was it, its dead. It's like Lol BTC didn't that crash.
When it "crashes" back to 40~60K, then the Normies have to re-evaluate what crash means in an exponential rise.
So far crashes have been 3x + ish of prior highs.
Most people have not understood that bitcoin can not simply "disappear" or "cease to exist" like shares, fiat, companies, etc even if it does crash.
I also like the absence of the "tulip" ers. Who have finally shut up.
The people are pretty excited to see it but can't see that the market is ready for this. It could be possible as we have it before but the question is how the people willing to hold their Bitcoin until that moment? because we can't sure that everyone will never sell their Bitcoin at this time and worried if someone will create FUDs pushing them to sell and dump. Ain't guarantee that we are able to reach that price since we have this volatility feature.
However, we can't lose our positivity towards the market, it ain't gives me disappointment if ever we don't reach $20k again because the most important is we are seeing a sustainable market.
However, we can't lose our positivity towards the market, it ain't gives me disappointment if ever we don't reach $20k again because the most important is we are seeing a sustainable market.
The election only has a slight impact on the price of bitcoin. People are waiting for the final results which probably change the whole country and the world situation in the next 4 years. And I believe the results will affect bitcoin strongly. Actually, I deeply believe that politics only cause a few impacts on bitcoin. It does not raise people awareness of this asset
My personal thought is: Bitcoin has spent so much time below $10000, even in this year, we saw bitcoin was below $4000 during a hard time of the pandemic. People must have amassed enough bitcoin for their own purposes and right now, when the demand is lower than the supply, the price simply goes up. It is a ripe time for bitcoin to surpass its own all-time high.
I still doubt that bitcoin can pass $20000 although I always believe in this precious digital gold. But lets just wait and see
My personal thought is: Bitcoin has spent so much time below $10000, even in this year, we saw bitcoin was below $4000 during a hard time of the pandemic. People must have amassed enough bitcoin for their own purposes and right now, when the demand is lower than the supply, the price simply goes up. It is a ripe time for bitcoin to surpass its own all-time high.
I still doubt that bitcoin can pass $20000 although I always believe in this precious digital gold. But lets just wait and see
Yes, I think bitcoin will reach to a new all time high, a lot of us are hyped about the price right now and if you ask anyone who has watched bitcoin move from $10k to $15k in just few months they will all say that bitcoin will go up a lot.
Secondly I think the price will reach to $25k-$30k levels, those are legit understandable and realistic goals for us to reach that shouldn't really be that difficult, doing a 2x is not really unheard of in bitcoin world, but I think it will take about a year or at least until summer for that to happen and not in next month or two.
$50k is a lot, I can't say that it won't happen because it could totally happen but I can say that it is not going to be easy and quick, if it ever reaches $50k (which in the end it will one day) it probably will take few years for that to happen, but I can't guarantee that, maybe tomorrow we will be $50k, maybe not until 2030, I can't say.
Secondly I think the price will reach to $25k-$30k levels, those are legit understandable and realistic goals for us to reach that shouldn't really be that difficult, doing a 2x is not really unheard of in bitcoin world, but I think it will take about a year or at least until summer for that to happen and not in next month or two.
$50k is a lot, I can't say that it won't happen because it could totally happen but I can say that it is not going to be easy and quick, if it ever reaches $50k (which in the end it will one day) it probably will take few years for that to happen, but I can't guarantee that, maybe tomorrow we will be $50k, maybe not until 2030, I can't say.
It is very much possible now after the recent developments and let's not forget the driving forces like US election and PayPal's announced which gave a breakthrough for bitcoin's price to surge and now since it has already crossed $15k and approaching $16k we can expect the value to break the barrier of $20k within the end of December, even before December if this trend continues for over two week.
Just consider the driving factors and act accordingly within rushing for investments into Bitcoin at this point of time.
Just consider the driving factors and act accordingly within rushing for investments into Bitcoin at this point of time.
Same from how I see this, with PayPal and those other known businesses the spark for reaching that level are already shinning,
it's just a matter of time on when we will see that value again.
Good to see that when it's moving forwardly even it's step down for a while it's not that much giving good time and space
for investors to buy in and start holding.
We will surely see more to come and reaching new ATH is getting near, if not this year it can possibly
be done in the year to follow.
It is very much possible now after the recent developments and let's not forget the driving forces like US election and PayPal's announced which gave a breakthrough for bitcoin's price to surge and now since it has already crossed $15k and approaching $16k we can expect the value to.break the barrier of $20k within the end of December, even before December if this trend continues for over two week.
Just consider the driving factors and act accordingly within rushing for investments into Bitcoin at this point of time.
Just consider the driving factors and act accordingly within rushing for investments into Bitcoin at this point of time.
I doubt this is the result of the US elections because if that was the case I would have expected to see the markets react negatively to the fact that almost three days have passed since the election and we still have no winner and there is going to take a lot of time for this to happen as Trump is likely to contest the legitimacy of the election itself
It is possible to look at it from different angles
For example, as it becomes increasingly clear that Trump is not going to make it, people feel more confident even if he is to litigate till the end of times. And to the best of my knowledge, Biden also promised some fiscal stimulus, and that may have contributed to future growth. Anyway, let's see when Biden is officially declared the president-elect and how the markets will react to this news. That moment should tell us a lot
Impressive performance from the past couple of weeks is this the effect of American election?
BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.
I doubt this is the result of the US elections because if that was the case I would have expected to see the markets react negatively to the fact that almost three days have passed since the election and we still have no winner and there is going to take a lot of time for this to happen as Trump is likely to contest the legitimacy of the election itself.BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.
I think what we are seeing is a combination of factors, a delayed effect of the halving, institutional money coming to the market, a natural increase in the price of bitcoin as it is adopted by more people and an increase on its price caused by all the money governments have printed because of the pandemic.
It still needs more time for bitcoin to reach $20k because bitcoin now seems to make a correction for a little down. But the opportunity for bitcoin to reach $20k still wide open, and it could touch that price in this month if bitcoin has more power to increase. Maybe the price can break $20k at the end of this year or it still happens in the next year.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
of course the increase in bitcoin is beyond the original prediction because it is estimated that the increase will only occur at the end of the year at a price of $ 15K and will continue until next year which is expected to reach its peak and exceed 2017.
but currently bitcoin continues to increase and surprisingly it is also not accompanied by altcoins that usually follow the rise of bitcoin. seems like it's a bit late for the altcoins to make the move.
I am not a prophet of doom that is against the upsurge in the price of bitcoin but we should also be mindful of its price action probably after the final result of the US election is announced we should be expecting a stability of the price if truly the recent pump is attributed to this election.
Bitcoin has passed the price of 15k and continues to increase, it is likely that in 2020 it could reach 20k.
We will hit that $20k, I knew that we would hit that $20k one day but I didn't know when it would happen, it looks like it is going to happen very soon as well if things keep going like this. That tells us one thing about the current situation, people do not really trust fiat currencies no matter how strong they look. Dollar doesn't look to be defeated, there was so much dollar printing done and even with all that printing they claim that inflation is not that high and dollar is still strongest currency in the world used to calculate prices of many things.
Even with all that powerful dollar, people saw the printing and they are moving towards bitcoin, they trust bitcoin and they know that if they keep their money in bitcoin they could keep their wealth and purchasing power.
Even with all that powerful dollar, people saw the printing and they are moving towards bitcoin, they trust bitcoin and they know that if they keep their money in bitcoin they could keep their wealth and purchasing power.
It still needs more time for bitcoin to reach $20k because bitcoin now seems to make a correction for a little down. But the opportunity for bitcoin to reach $20k still wide open, and it could touch that price in this month if bitcoin has more power to increase. Maybe the price can break $20k at the end of this year or it still happens in the next year.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
of course the increase in bitcoin is beyond the original prediction because it is estimated that the increase will only occur at the end of the year at a price of $ 15K and will continue until next year which is expected to reach its peak and exceed 2017.
but currently bitcoin continues to increase and surprisingly it is also not accompanied by altcoins that usually follow the rise of bitcoin. seems like it's a bit late for the altcoins to make the move.
So I think there is a possibility or chance that bitcoin will hit $ 20,000 at the end or early next year, and this is just a prediction that is not necessarily correct and I am optimistic that bitcoin price will continue to increase gradually.
and the movement of bitcoin does not increase the altcoin price to the maximum, and it may take time to increase the altcoin and it will happen and be patient.
It still needs more time for bitcoin to reach $20k because bitcoin now seems to make a correction for a little down. But the opportunity for bitcoin to reach $20k still wide open, and it could touch that price in this month if bitcoin has more power to increase. Maybe the price can break $20k at the end of this year or it still happens in the next year.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.
Impressive performance from the past couple of weeks is this the effect of American election?
There is a possibility to this if we look at it from the angle that there is uncertainty around the US dollar occasioned by the elections. The dollar has been spiking and nose diving almost at the same time. So, Bitcoin is now used as a hedge for the dollar. Demand is increasing more for Bitcoin and value spiralling upward. However, I think the major thing driving price upward is the Bitcoin halving that took place a few months ago. I expect more demand for Bitcoin next year as has always been the case in the recent past of each post-halving year. More interesting for me is the expectation of credible alts with utility getting noticed and following suit in this bull run.
Its rumored that the latest run-up was due to a MM which sold way too many call options dated for end of Jan 2021. Look at,
https://www.deribit.com/main#/options?tab=BTC-29JAN21
Look at the $32000 and $36000 calls, look at the open interest. Basically a few days back someone bought 20K worth of these calls basically giving the right to buy 20000 BTC before 29 Jan 2021 at $32K,$36K prices.
Most likely the market maker is buying these BTC to hedge in case BTC does go higher than the underlying in January 2021.
https://www.deribit.com/main#/options?tab=BTC-29JAN21
Look at the $32000 and $36000 calls, look at the open interest. Basically a few days back someone bought 20K worth of these calls basically giving the right to buy 20000 BTC before 29 Jan 2021 at $32K,$36K prices.
Most likely the market maker is buying these BTC to hedge in case BTC does go higher than the underlying in January 2021.
It's not that BTC is being ready but reaching $20,000 is realistic even before despite of 2018 bear market, lots of negative news, FUD, etc. It's just that it needs time and patience for it to breached that level again.
The "new ATH thing" is the most usual speculation when the price is hitting such crazy price levels.
It's good if it will happen but don't expect it right away to avoid disappointment. For now, enjoy what you are seeing and plan the best thing to do.
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