It could be possible but I was not expecting that what happens before (history) will be happening again. Because it was pretty obvious how the market behaves differently compared before and all these changes matters also how the global market behave and so the attitude of all bag holders.
Considering that there are a lot of factors that could affect the market flow, only a slim chance to happen. The question is when to start counting that 3-12months? I'm not sure it becomes measurable in a thing that we are in a volatile market and we probably know how often it changes unexpectedly.
Topic: History shows Bitcoin price may take 3-12 months to finally break $20K - page 3. (Read 736 times)
August 31, 2020, 05:01:44 PM
August 31, 2020, 03:20:28 PM
I believe in the cycle in bitcoin as other technical analysis follow suit but I dont have any time in mind for some price movement. Since a lot of people expect the bullrun at the end of the year like in previous, it usually call me to caution cause such expectation might be very difficult to manage with profit taking. It either come earlier in 2020 or latter into 2021. I also think the cycle is getting shorter as the halving is and the bear takes more in the whole cycle
August 31, 2020, 02:44:53 PM
For any analyst to predict a time frame like "3-12 months" is someone who doesn't really know what will happen to that asset.
It seems that he's not pretty sure on what is he trying to say with his prediction.This kind of long time frame just shows how they are unsure of their own analysis and they are correct to do so as predicting Bitcoin's price by just looking at it's historical prices will just make their price prediction more inaccurate. People always compare the previous price movement of Bitcoin on it's present price movement hoping to see a pattern that was not really there in the first place. For me honestly I don't think Bitcoin can go up back up above 20,000$ this early especially if we are having a hard time to even break back up above 12,000$ just because the volume isn't really that strong to push above that level.
I set aside the history of bitcoin for my basis coz it does not tell me anything, I just conclude and conclude for what might be happening the next morning and I could not get what I wanted. Time has already changed, what you saw 2 years ago might not happen again, what we experience could of years ago might not happen again, I believe that this year and the later years will be different for the cryptocurrencies, just look outside the bitcoin. August 31, 2020, 01:23:19 PM
There is a big chance that this prediction will likely to become true especially that the bitcoin price is starting to move upward already and it will take only a little push to break the $20k price. If there will be no big setbacks to bitcoin price then breaking the $20K price within 3-12 months has a big potential that it will likely happen. It will be very interesting to witness that the bitcoin will able to reach again at $20k.
August 31, 2020, 10:41:52 AM
Bitcoin's price is volatile, so it is always unpredictable in the market.
I have my own pattern, but i'm not sure about this and i'm observing it. Maybe in 2021, it surpass an another ATH again because as you can see in 2016 halving and the ATH occurs in the end of 2017. Probably it can happen again at the end of 2021 which is not that impossible to happen.
We have different predictions, right now we are experiencing sudden increase in its price but that's not that good enough to say that btc will reach another ATH this year.
I'd like to believe that the market has matured and we are in a very different scenario now compared to the past halving, I don't think we are going to need 12 months at the most to reach another all-time high, after ten years Bitcoin has proven it's worth that many institutions have seen it's potential compared in the past when investors are just observing how Bitcoin will evolve in the hardest time and it did surpass their expectation.
August 31, 2020, 09:30:25 AM
3-12 months to finally break $20k? OK, Nostradamus. I hope you just spent your entire life savings buying at $11500.
.... or is this just all based on USD inflation? I guess if you aren't investing USD, you may want to pass then.
The supply of funny money is high and anyone under 30 doesn't seem to understand basic economics.
On second thought, I rather like your prediction. It is vry astute.
That said, I think I'll seek a dowry consisting of many cattle and goats for my daughter and spend my own available funds on guns and ammunition (maybe second hand on eBay for that ammo, damn).
.... or is this just all based on USD inflation? I guess if you aren't investing USD, you may want to pass then.
The supply of funny money is high and anyone under 30 doesn't seem to understand basic economics.
On second thought, I rather like your prediction. It is vry astute.
That said, I think I'll seek a dowry consisting of many cattle and goats for my daughter and spend my own available funds on guns and ammunition (maybe second hand on eBay for that ammo, damn).
August 31, 2020, 08:10:42 AM
We can say that they are expert? Well they are just making the study but things will not really going to happen based in their study. As the other user had said that the main verb been use was "may" may it happen or may not. I can sense somehow that there will be really another run for good market price increase but do not really know when it will going to happen. Just make reference on their study and see to it how you may be able to use them in your decision making.
Sometimes great achievement happen when you risk something. One may end up lossing or gaining profit depending on the decision making.
Sometimes great achievement happen when you risk something. One may end up lossing or gaining profit depending on the decision making.
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August 31, 2020, 07:32:39 AM
3-12 months? We are already in a bull run, we are just waiting for the right timing to really get the price to another all time high. But if we are going to look at the four year cycle, 2021 is the real target or at least majority is predicting that we might not just get to $20k, but more than that, $40k-$50k is what the conservative estimates where. So let's see if the cycle will continue, at least though, at $11k today, we are just off by just a couple of thousands of dollars unlike most altcoins which is still down like 80% from their previous all time highs.
I agree with you because if we compare to what we see at the beginning of this year, the bitcoin price can increase so high, and even we finally see the price can touch $12k. No one knows if bitcoin price can touch the new ATH after the price is at the lowest price for a long time, and that makes many people happy to sell their bitcoin. I am sure that many people can wait for more to see the price will touch the next new ATH, whether it will happen this year or next year. I am sure that the cycle will continue to increase, and while we are still at a correction, we better to prepare ourselves for the next rally.
August 31, 2020, 07:28:05 AM
I see this is also some mere speculation again with some information that might get real in the next months or not. anyway, we are now taking some good steps in the market where the price is stabilizing at the $11,000+ which will make it prosper in the next coming months if what OP said will gonna happen. There can be some upside down with the price in this coming months, but if it regains again up to this high, the market will soon to witness another All Time High.
August 31, 2020, 06:51:38 AM
Quite a good content you have there. To be honest, I really would love to believe such claims for it is highly convenient not just for me but for most of the people in this industry. However, as what we have seen all throughout the years, I believe that a lot would agree with me saying that bitcoins are not that easy to predict. And the reason as to why this is the case is because obviously, bitcoin n does not follow a specific order or pattern. Thus, using a pattern from the past to predict a bull run is not that good of strategy. Just saying.
August 31, 2020, 06:23:29 AM
3-12 months? We are already in a bull run, we are just waiting for the right timing to really get the price to another all time high. But if we are going to look at the four year cycle, 2021 is the real target or at least majority is predicting that we might not just get to $20k, but more than that, $40k-$50k is what the conservative estimates where. So let's see if the cycle will continue, at least though, at $11k today, we are just off by just a couple of thousands of dollars unlike most altcoins which is still down like 80% from their previous all time highs.
August 31, 2020, 06:01:45 AM
I dont think bitcoin can reach 20k in the current future it will remain stuck in the 11/10k range
Of course it will not remain stuck, otherwise, it will not move.
To OP, history of bitcoin is the best basis to predict its future, however, bitcoin is very unpredictable so whatever basis you give, it still doesn't give an accurate way to predict the future. I believe that it's best to just believe that bitcoin will eventually skyrocket again, just like what we have seen in the last bull run, and if my memory still serves me right, I think most of us didn't expect it, the bull run lasted for awhile but bitcoin has achieved its ATH in less than 3 months.
August 31, 2020, 05:51:07 AM
Unfortunately, the price still does not exceed the 12K mark. So it's hard to say what will happen tomorrow. Bitcoin is really an unpredictable thing
It did exceed its just that the support breaks easily. Going to 20k usd is a tough movement and lots of funds needs to roll out this. If pattern based we can see it on few months but who knows it could take a year or two. Altcoins are suppresing bitcoin investors as the market is being shifted more to defi projects which we can feel the result. More projects are keeping released so some leaving bitcoin investment. August 31, 2020, 05:06:24 AM
No one knows will btc break 20k again in this run or not. We already stucked between 11-12k range and this getting dangerous for furhter growth
Bitcoin's price is volatile, so it is always unpredictable in the market.
I have my own pattern, but i'm not sure about this and i'm observing it. Maybe in 2021, it surpass an another ATH again because as you can see in 2016 halving and the ATH occurs in the end of 2017. Probably it can happen again at the end of 2021 which is not that impossible to happen.
We have different predictions, right now we are experiencing sudden increase in its price but that's not that good enough to say that btc will reach another ATH this year.
August 31, 2020, 05:03:44 AM
Unfortunately, the price still does not exceed the 12K mark. So it's hard to say what will happen tomorrow. Bitcoin is really an unpredictable thing
Incase you missed it, It did touched $12k twice. Then the expected pull back usually happens.
And yes Bitcoin is very unpredictable that's why we're making fundamental news and predictions right here to draw closer to the next price movement.
If Btc stabilizes at this current range, there is indeed a huge chance to make a 2017ish rally and It'll (Btc) reach new heights. The $10,000 strong support level has no indication that Btc will go near that level for now. Let's see how Btc will close out this month and how well it would open for the next 1st week of September.
August 31, 2020, 02:17:23 AM
I think bitcoin will soon reach $ 20k by 2021. Bitcoin needs a process of accumulating value to grow. As the world economy recovers, the government will print more money to boost the economy, and bitcoin will be bought by more institutions and individuals. When looking at bitcoin's chart, I am very confident as most months the price of bitcoin is in the upper band of the Bollinger Bands.
August 30, 2020, 05:39:57 PM
I dont think bitcoin can reach 20k in the current future it will remain stuck in the 11/10k range
At least you already seen that price is above $10/11. This is to show that the price of bitcoin is unstoppable. Whatever controls the price is still what many don't understand.
August 30, 2020, 05:31:16 PM
Unfortunately, the price still does not exceed the 12K mark. So it's hard to say what will happen tomorrow. Bitcoin is really an unpredictable thing
August 30, 2020, 05:29:07 PM
For any analyst to predict a time frame like "3-12 months" is someone who doesn't really know what will happen to that asset. This kind of long time frame just shows how they are unsure of their own analysis and they are correct to do so as predicting Bitcoin's price by just looking at it's historical prices will just make their price prediction more inaccurate. People always compare the previous price movement of Bitcoin on it's present price movement hoping to see a pattern that was not really there in the first place. For me honestly I don't think Bitcoin can go up back up above 20,000$ this early especially if we are having a hard time to even break back up above 12,000$ just because the volume isn't really that strong to push above that level.
August 30, 2020, 04:52:51 PM
I dont think bitcoin can reach 20k in the current future it will remain stuck in the 11/10k range
It can't be stuck in that amount. It is either it falls back below 10k or move up. Actually the recovery of the bitcoin has been great and for the past couple of weeks the recovery is incredible. I have no doubt about what the op said. We might see another bitcoin rally very soon. I don't know maybe it will reach 20k but it is very likely the next rally might take the price to something very close to that. We will keep on monitoring closelyJump to: