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Topic: Can bitcoin Cross $20,000 By the end of 2020? (Read 594 times)

full member
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February 24, 2020, 12:34:28 PM
#73
Almost all forum users, like other cryptocurrency users, primarily turn their attention to future halving, which in one way or another should affect the entire cryptocurrency market and directly on the price of bitcoin.  But if you predict what kind of changes will be, then personally I expect only an increase in the price of bitcoin, since the previous division of the remuneration to the miners twice led to just such consequences.
newbie
Activity: 7
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I think after BTC reward halving the mining will be less profitable, additionally over 80% of BTC max supply have been mined, thus BTC's price will be slowly increasing. Maybe it won't reach $20,000 by the end of 2020.
sr. member
Activity: 2548
Merit: 329
The real trick is, what will happen after the halving, that is the real question, depending on the answer it could easily go beyond $20k or it could go under $7k and we can never know what will happen until it is too late and already happened. What will decide on this is how will miners and traders react to it, depending on how they react we could definitely have a lot of difference in the outcome.

If miners are still making profit with $10k price for example (which they might, all depends on their hash rates to electricity to difficulty) they will not stop doing what they are doing right now, they will probably only focus on their profits and if they still profit that means they won't do anything.

Aside from that people who bought and expected a huge raise may end up not caring about all that much, which may end up with them selling because they are disappointed. These are the bad parts, the good part is if everything is in reverse, it may go above $20k as well.
full member
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It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

Even a fortune teller can't do that not all fortune teller can predict 100% of what's going to happen, in fact even if that fortune teller happens to have have all the chart and candle sticks analysis in front of him, but in my analysis it's going to be more than $20 k remember the supply will be much lesser.
legendary
Activity: 2842
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The end of the year is not the measurement, Bitcoin can hit 20K USD anytime this year. As the FOMO is spreading well and Bitcoin price still in the growth zone, so, we can expect 20K USD after the bitcoin halving, but no one can confirm you about it, because as you know future is unknown to everyone.
Of course it is not, by the end of the year meaning until the end of the year, so it could reach either before or at the end of the year.
Most people who are optimistic that bitcoin will rise will also think that bitcoin will surpass it's ATH this year and that would mean even over $20,000.
The real catalyst for pushing bitcoin prices toward a new ATH must be halving. I believe halving always has the power to launch bitcoin prices at at least ten fold then why not $20k. But, when we look at the timing of new ATH and halving then we are becoming pessimistic as new ATH takes its own time after the occurrence of halving. So, there are equal probabilities for new ATH in 2020 to be happening and in 2021. I am sure at least the first quarter of 2021 must be highly bullish so plenty of chances for prices to be at new ATH.

Anything may happen with bitcoin prices as FOMO may launch prices to new ATH before halving and if that happens then we can see $100k before end of this year. Then one million dollar levels may happen in 2021 Cheesy yes, FOMO can do any magic!
hero member
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The end of the year is not the measurement, Bitcoin can hit 20K USD anytime this year. As the FOMO is spreading well and Bitcoin price still in the growth zone, so, we can expect 20K USD after the bitcoin halving, but no one can confirm you about it, because as you know future is unknown to everyone.
Of course it is not, by the end of the year meaning until the end of the year, so it could reach either before or at the end of the year.
Most people who are optimistic that bitcoin will rise will also think that bitcoin will surpass it's ATH this year and that would mean even over $20,000.
sr. member
Activity: 1414
Merit: 358
If the market continues to grow then why couldn't it cross it?
The FOMO from halving could make it happen if the price continues to increase rapidly,
We might not need to wait for the end of 2020 to see it cross $20K again.

Yes, so we can wait for that time to come, but meanwhile, we can buy more bitcoin from now one before the bitcoin price started to increase higher. If Bitcoin price starts to grow, and we are not yet buying more bitcoin, we will miss the time to sell bitcoin at the highest price. I guess that the situations will be like this, I mean, the price will be up and down for more, and the price will hit the high price and then it will go down for a while, and then it will go up again. That will happen like that without we know how high bitcoin price will increase, but if we can be ready for the time, we can get a good time to sell bitcoin.
It is early to have prediction that bitcoin may achieve $20,000 per each, it is still the first quarter of the year and we are not yet sure if this bullish trend will come to end or it will continue in many months. I accumulate bitcoin because of its explosive breakouts, where it indicates that the buyers are in control.
full member
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The end of the year is not the measurement, Bitcoin can hit 20K USD anytime this year. As the FOMO is spreading well and Bitcoin price still in the growth zone, so, we can expect 20K USD after the bitcoin halving, but no one can confirm you about it, because as you know future is unknown to everyone.
hero member
Activity: 2912
Merit: 556
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If the market continues to grow then why couldn't it cross it?
The FOMO from halving could make it happen if the price continues to increase rapidly,
We might not need to wait for the end of 2020 to see it cross $20K again.

Yes, so we can wait for that time to come, but meanwhile, we can buy more bitcoin from now one before the bitcoin price started to increase higher. If Bitcoin price starts to grow, and we are not yet buying more bitcoin, we will miss the time to sell bitcoin at the highest price. I guess that the situations will be like this, I mean, the price will be up and down for more, and the price will hit the high price and then it will go down for a while, and then it will go up again. That will happen like that without we know how high bitcoin price will increase, but if we can be ready for the time, we can get a good time to sell bitcoin.
hero member
Activity: 1624
Merit: 500
If the market continues to grow then why couldn't it cross it?
The FOMO from halving could make it happen if the price continues to increase rapidly,
We might not need to wait for the end of 2020 to see it cross $20K again.
hope that will happen soon. however, I think that the price of $ 10k is not stable at the moment. 2 times there has been an increase above $ 10k decreased again at the level of $ 9k in a fast time. so far, the price of $ 10k has not lasted for 1 week. even so, I still believe the development of bitcoin can reach the potential of $ 20k.
full member
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Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000
no doubt that Bitcoin can,because in 2017 we made that value so what more now that investors are multiplying and just only waiting for the right time before blasting their investments?and also we are just in the first quarter but look at the market?the capitalization even grow at least 30% things that made us all believe that we are in early halving Bull running.so just wait for the next months and we will see that 5 digits value will be attain again.
sr. member
Activity: 994
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If the market continues to grow then why couldn't it cross it?
The FOMO from halving could make it happen if the price continues to increase rapidly,
We might not need to wait for the end of 2020 to see it cross $20K again.
hero member
Activity: 2590
Merit: 549
Rollbit
~snip~

Why not put a realistic goal of like $12,000-$15,000 this year and wait for 2021? Yeah, like that prediction, but people here wanted to see the price goes to $20,000 and relieved that 2017 again. Different time folks, as much as we wanted to see that price goes on parabolic rise, much better to wait and see what happens after the block halving.
$20,000 is still a realistic range considering that we're still in the 2nd month of the year and Bitcoin touched the $10,000 level and there's still enough block halving hype in the market that could potentially put the market in a positive run. I can still remember there was a gradual increase of price from the last 2 halving before the event took place, then skyrocketed after a year. Like what happened in 2016 halving and 2017 ATH.


could reach more than $20,000 for all we know, however, it will really take some time and maturity again before we can see the next big bubble.

On 2021 maybe? More than $20,000 means new ATH. I would love to see those figures and market reactions.  Cool
legendary
Activity: 3080
Merit: 1353
No! But maybe 15k will be it's highest and it will just play around it.
2021 though will be really promising. If we look at the charts, 1 year after the halving is needed before the value of bitcoin appreciates.
I think miners would not really feel the pain of the halved block reward yet within this year. Just my speculation.

So expect more dips and pumps in this year. It will be a crazy one.

Why not put a realistic goal of like $12,000-$15,000 this year and wait for 2021? Yeah, like that prediction, but people here wanted to see the price goes to $20,000 and relieved that 2017 again. Different time folks, as much as we wanted to see that price goes on parabolic rise, much better to wait and see what happens after the block halving.

It could reach more than $20,000 for all we know, however, it will really take some time and maturity again before we can see the next big bubble.
sr. member
Activity: 1400
Merit: 259
No! But maybe 15k will be it's highest and it will just play around it.
2021 though will be really promising. If we look at the charts, 1 year after the halving is needed before the value of bitcoin appreciates.
I think miners would not really feel the pain of the halved block reward yet within this year. Just my speculation.

So expect more dips and pumps in this year. It will be a crazy one.
hero member
Activity: 2856
Merit: 667
Last year I answered a similar question and I answered yes because I am very optimistic that bitcoin will make a new ATH last year but it didn't happen, so this year I will still believe it will happen, I won't stop believing and actually this year has a great start and I like to believe that people are really hype with the upcoming halving.
legendary
Activity: 2548
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BTC + Crossfit, living life.
There is a technical signal: the golden cross, the 50-day moving average rose above the 200-day moving average. This could translate into a nice price hike...
The last time it happened was in April last year and what happened in April? Bitcoin went from ~$5k to ~$12k in a 2-3 months period.
Imagine Bitcoin @$30k on May ^^

Indeed imagine that....

Though I think there are to many n00bs creating threads with a dumb and always similar question "Can BTC hit or break or... X-price mostly a higher ones" Then they probably watch some responses hoping for the bullish ones among us and based there quick rich buying upon those  Roll Eyes

Every other day the same thread, can BTC do that in this period of time ??

No one knows and please buy cause you know its good and world changing material, buy because you learned something about it and why its convenient etc Not because you only think its gonna increase % in a short period of time....
copper member
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There is a technical signal: the golden cross, the 50-day moving average rose above the 200-day moving average. This could translate into a nice price hike...
The last time it happened was in April last year and what happened in April? Bitcoin went from ~$5k to ~$12k in a 2-3 months period.
Imagine Bitcoin @$30k on May ^^
member
Activity: 368
Merit: 18
Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

@GmAdvice I’ll answer yes and at the same time I’ll tell you that, it’s quiet possible that bitcoin prices may not cross $20k by the year end because of it’s volatile nature. @mk4 while I’m not a fortune teller, but I can see how it’ll go with the fortune teller as the FT will tell him the same thing like we just said here. I hope now you’ll understand that no one can predict what will happen with bitcoin prices, as we all try to make predictions based on our gut feeling. Therefore I’ll advise you to do more research about bitcoin prices, as I feel you lack the necessary knowledge regarding it.
We already have so many fortune teller when it comes to crypto just visit twitter and you could find so many fortune tellers who are predicting the crypto price.
You could always ask the same thing every year and all you could get is the same answer "Yes it could get up to $***** by the end of the year" .
legendary
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Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000


YES IT CAN.

NO IT WON'T

But  This March it will cross 11111

 Next year {2021} it will cross 22222
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