Topic: How high do you think Bitcoin will go on the next bull run? (Read 646 times)

I do not think that bitcoin price is going to break 6000$ level, it has a very strong support at that level for a long long time, I hope that we are now only hopping that bitcoin price will very soon cross 10k level which is a big psychological barrier for bitcoin price.

it depends on your next, if its this decenber or next year or next 2 years or so, for me personally i dont think this year but if it, i think it wont pass $10,000 but the next year is another thing, when china earlier anounce they legalize bitcoin thats a bog thing though.

Let's motivate our selves and think positive for the possible happen in an expecting bull run that probably will happen on this current year-end. We could not determine the exact price will go up but hopefully, it will happen. Because the price will up due to the demand of the bitcoin in the market if people still doubt bitcoin it will not help to the market price.

In fact it is depending on the interest of the people, there is a psychological barrier of 10000$, I can see that once the bitcoin price will cross that level then we are expecting that the price will continue increasing and very soon we will see the bitcoin price touching 20k again.

  Its good to have a positive motivation mate, it can conclude the bearish market and enhance the wisdom of some people spreading with accurate and confident determination in the field of crypto world. Which can help with fast progression and bounty developement of bitcoin. As of now, we could'nt determine how stable bitcoin's price is, but the big assurance reaching the desirable peak will be able to occur as soon as the market has gain the stability.

But we need more investor to involve with bitcoin and make its price fluctuate. If we get some investor the price can be go $10,000 or below. But still we need more investor to make its price up.

Bitcoin has taken a long time to recover and come back to the bull market and I think this is something which will show the strength of Bitcoin though it takes time but that is understandable for those who are in investment only with their savings. They will have a great time in future because we have noticed that Bitcoin is on the increase trend averagely so it is possible to see higher price than the previous highest price.

 


Why do you believe this?


I think you are dreaming too loud and not being realistic, $100,000 is a very high price, we are at the end of 2018, and with a price of $6000 and we do not have much demand and we have many governments that do not like bitcoin, like Is it possible that this whole bad situation is reversed in just 2 years? I can agree on prices of $25000, but $100,000 is very exaggerated


still continuing to think you're dreaming too loud

On the next bull run, BTC price could go as high as the previous year's price level. It may seem that things are worst during this time of year, but it actually is a good sign for BTC to find its support at its current level. Once bull run happens, it will try to reach the previous ATH and could probably breakout until $25k by end of 2018 which will be followed by another sell-off, only to find a stronger support.

I appreciate your height of confidence but I don't think the market will skyrocket this time like last year it did. Yes I agree there will be a change in price but not as expected, because the bear market is still in progress. There is lot of hope in cryptocurrency let's wait and see.

slightly higher than last year, maybe around $ 25k - $ 30k. I predict if the bull market will occur in 2020.

It doesn't matter all we want highly demand and supply. Just thought if the same situion happen next year ?. I hope next year would be great for bitcoin like 2017.

The next bitcoin bullrun that will surpass its 2017 all-time high might still happen in the next two years. The recovery might longer than you think but the market experience price spikes from time to time then go down again. Bitcoin need some factors that could help boost its price like the possible approval of ETF but it is now shrouded in uncertainty. The third bitcoin halving that will happen around May 2020 could spark another bullrun with new all time high. It's difficult to know how high will be the next ATH but I'm not relying on prediction.

If that would happen then all of us would be happy who are already here when this is still the price. We would forgot then that there are so many people who have given up in this bear market and the volume will pour back in again.

I do hope that it would happen sooner that the market will recover. It might still take a year or years for that bull run but when it happens, all our patience will pay off.

I don't like to speculate too much about the timing of it all. Timing is really difficult even in markets with decades and decades of history. It's even harder with Bitcoin, with its whopping 9 years of history.

All I know is, the longer we stay in a sideways or bear market, the more powerful the next bull run will be. If we have a recovery similar to 2015, I think we could see prices close to $1 million the next time around. But it's anyone's guess.

It might be the same as last year since adoption occurs and popularity gathered last year, the thing will only be When will we going to see the bull again.

As major countries like Japan and Korea had already adopted the bitcoin last year which triggered the bitcoin price from corrected 1500 - 2000USD to 5000-6000 USD in a span of 3 months and other major enterprise and investors also followed for another six months which rallies the bitcoin ATH of 20k USD until 2018 of January but a 20k price is a momentary spike which last for only a month. From that time until now the price corrected to 7000 - 6500 range and the expected next bull run will be on 2020-2021 based on a four-year pattern in accordance to bitcoin halving event but the price prediction could not reach to 50k max.

There's only so much supply on the OTC market though, as with any market. When demand goes through the roof on the next bull run the sellers on the OTC market will dry up for all the big Wall St buyers so whoever is buying for them is gonna have to go to the exchanges which will skyrocket the price. Wall St big money isn't just gonna sit back and miss out on huge gains because there isn't enough supply to buy on the OTC markets. It's not any different than the exchanges, when supply dries up due to increased demand the price must rise, and OTC buyers aren't gonna buy prices at a premium on the OTC market if they can go and get it cheaper on exchanges (through some intermediary probably).

Well its always harder to go up higher the higher the price gets, that didn't stop Bitcoin from going up 20x from the previous ATH in 2017, while the late 2013 run only went up 5x from the ATH. Wall St alone could easily push the price to 6 digits. I mean the price went to $20k just over hype about paper futures contracts. Think about what's gonna happen when investment firms with trillions of dollars try to get in for the next huge run! Honestly it could go far higher than $100k in the next couple of years. I'm trying to be conservative and just hoping for a bit over $100k, but realizing that $200k could be in the cards if Wall St gets excited.

From the experts point I think the price of bitcoin will reach around $7500 if the price continue to be resistant around $6800 and if there's a downtrend from the current price range it is sure to reach around $5400 to $5100. It's good to be prepared enough to meet the upcoming event which can make us joyful or let us invest more.

The last big bull markets have all established all time highs, so I definitely would not be surprised if the next bull market would be able to have similar returns figures as well. After all, the bitcoin market is quite cyclical in nature.

As you mentioned, there is also the possibility now that institutional investors would be able to influence growth even further and make this coming bull market a lot more crazy.

But personally, I wouldn't expect prices to rise to 6 figures that easily. It's much easier to go from 4 figures to 5, but way harder to get from 5 figures to 6, from a psychological standpoint and because of the limited amount of investments that can come in. But given that the next bull market could potentially coincide with the halving in 2020, it could be possible. I'd like to be more conservative in my speculative predictions, I guess.

At the moment, I just want the price to go back to the previous ATH. So yes, Im very conservative about bullish predictions. 2019 will be a year of recovery, like 2015 was, and 2020 will be equivalent to 2016, when the price was usually going up.

If we are back to the previous ATH, only then we can speak about a bull-run. In my view, a recovery cant be considered a bull-run, its just a reset back to the real price. Until we are not back to the ATH, bitcoin is being sold with a "discount".

Everything is possible when we talk about Bitcoin but we are running out of time. The end of the year is getting closer and closer and honestly I don't believe that some significant changes in price will happen. No matter all possible scenarios I don't think Bitcoin price will exceed  10000$ literaly over night. If the price reaches 8000$ or 9000$ by the end of the year that will be surprise for me.

People assume spot coins will be bought and that the effect of that will reflect on the price.

They have no clue about how booming the OTC market is currently, especially with miners being the main providers of fresh/clean coins legal entities are craving for.

I do however have to point out that with less miners dumping on the spot market, it could and likely will make sure that if the spot demand does increase, there is less potential selling pressure on the market, which is always a positive factor. Miners are the main source of supply inflation, and if legal entities buy up most of these coins, there eventually will be a shortage on the spot market with the right amount of demand.

But it is better for price in general that shares are backed by real BTC, they need to buy coins from market and that means that every share is backed by real coins. Public opinion prevails that such a way of investing in BTC would allow big money to start flow in crypto market, just because it is a easy way for investors to buy BTC through shares.

I say before that this looks very nice in theory, but the question is whether there is an interest of big investors for BTC ETF. Personally I think SEC decision to approve ETF would have a positive effect on price, we all see how market is react on last year BTC futures - although some claim it has nothing to do with that bull run.

No such thing for me as well. One thing I believe is that however it comes, trend will give us the whole thing glaringly. At the end, it is always going to be a surprise most of the time.

I remember last year when a lot of us expected $10k to be the height of it all for the year and then bam! We started hitting the next ATH after the other until we eventually hit $19800 or thereabout and now testing the waters at around $6,000. This is an unpredictable market that is full of surprises, and rather than expecting something, I rather just stick with what trend tells me instead and how far bitcoin goes with a bull run is best known with time.

It may even be more than if we are to judge from how things have been in the past when it comes to bitcoin bull run and the breaking of new ATHs. $100k is a very reasonable amount when we keep looking at the way things could be in the bull run case, and probably this is something we will probably get to see in the next bull run.

Moreover, what drives the bull run will determine how sustainable it will get in a short period of time considering the level of speculation that abounds in this space. I know corrections are normal, but looking at the level of panic selling and level of volatility that comes afterwards, it can be crazy.

The current price is a great entry point for institutional investors who are preparing to break into the crypto markets. I think it will hit around 30k before dumping down again, then hitting new highs over 50k after that

Maybe $20,000 again as the investors sentiment is very low.  I think we have to see the major bull run in 2020. By 2020, we should expect bitcoin to be trading above $100,000 as by then banks and governments may have come into the market and put in big fund.

Small amount of money in December ? i do not think so mate, as far as i remembered our total Market Cap in December~January was around $700~$800 Billions and currently we are sitting at $200 Billions, the difference is 'big' and it is not a small amount of money i believe.
most of them came from small investor(got rekted the most too) while an institutional investor reaped a lot of benefit from that run, as you said. everyone else has a better understanding about Bitcoin's price after they witnessed that euphoria. Bitcoin will absolutely get pumped in the future, but it does not mean we can go directly to $100.000 in a single move just like what you are hoping for.

if we got $800 Billions in our total market cap when we were sitting at $20.000 a few months ago, how far it will be when we are sitting at $100.000 ? approximately it won't less than $5 Trillions or even higher than that. and it is not a small feat to do that, we might see it $100.000 but it needs a time and we can not expect it in 2020.
and the most important thing that we need to consider is, people capability to buy it.

I am sure that the price of Bitcoin can still experience a tremendous increase in the coming months. With the increasing number of people using Bitcoin, it is very good for the direction of positive change. Bitcoin prices are currently in the range of 6,000USD and it is very possible if at the beginning of next year Bitcoin prices could reach 10,000USD. I am optimistic that it will happen because Bitcoin is a thing that often surprises us all.

it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot.

i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them.

this is called "putting the cart before the horse".

ETF denails really don't matter. The 2017 bull craze started just after the first round of ETF denials. ETF acceptance is a bull run starter, but ETF denial is just normal market conditions at this point, it won't stop a bull market from occurring.

As you say there are major reasons for each bull run. In 2019 we'll have Wall St entering the game (even without an ETF) - BAKKT, Fidelity, Goldman Sachs, etc,  surely others already building services we don't know about. The 110 billion market cap is pocket change for them.

100% yes.

People are mindless and stupid in general and memories are short. As soon as dollar signs cloud their eyes they'll do literally anything and will not respond to facts. $3 XRP demonstrates that let alone shit like Bitconnect. That's how bubbles happen and bubbles have happened since we've had greed which is rather a long time.

As for the question. Dunno. A bull run is different from a bubble. We could do with some moderate bullishness rather than another flat out frenzy for the credibility of the whole scene. Doubt that'll happen though.

We can't predict the next bull run by watching the previous one because every time there are different catalysts. What that means is that the price is being driven by different things. In 2012 it was the rise of dark web marketplaces. In 2013 we had Mt.Gox and Chinese exchanges manipulating volume. In 2017 we had Korean and Japanese markets open, with the addition of futures. Every time there's something different and if what happens is big enough there can be no boundaries for BTC. On the other hand if we get a Tether fiasco and constant ETF denials, you can forget about another bull run for a while.

Wall St doesn't hate Bitcoin. They love anything they can make money from. BANKS hate Bitcoin because they are afraid of it, though even some of them have privately been mining or buying up some bitcoin. Sure most of Wall St could care less about if it becomes a global currency, but they will be all to happy to get much richer from the ride up.

The old whales....are nothing compared to Wall St whales. Seriously. The old whales aren't the ones who make the price go up, its the millions of people who buy bitcoin, its the masses. And in the future it will be the masses plus the new far bigger whales from Wall St. Maybe an old big whale would throw 100 million at Bitcoin and then they'd be spent. A Wall St institutional whale will throw a billion at bitcoin without batting an eye.

I think we have different definitions of the bull run. You're saying Bitcoin will go back to ATH by end of 2019, but bull run won't start until 2020 after that. That is a bull run. I agree I think late 2019 the ATH will be passed, everything from $6xxxx up to $20k is part of the bull run. So I think you agree it will be starting in 2019 you just defining the bull run as only starting when it passes the ATH.

I don't think the bull run will last 3 years, that seems too long. I think it'll be 2019 and 2020 and late 2020 the price will soar past $100k before plummeting back under $50k in 2021.

It will go to $100k.

However, I dont think it will start this year, and maybe not even the next. My guess is that we will reach the "bottom of despair" in December or January, and that will be the $4888 predicted some months ago (which would be a equivalent of the $188 from the 2013-2015 bear market). After that it will take the entire year of 2019 to reach the previous ATH, but it will not stop there, it will go straight to 100k by the end of 2021, when there will be a crash similar to 2017, following the four-year pattern.

You can notice that this forum is full of threads of hope, all aimed at the so-called "legitimacy" of bitcoin. The impression I have is that there is a general belief that Wall Street will make the price go up. This is a powder keg, and can bring the price to $4888. If you are not long, you are fucked.

The only guys who can make the price go up are the old whales. I dont expect anything good coming from Wall Street. These guys always hated bitcoin and I dont believe they want it to succeed as a new currency.

I think the people who just bought Bitcoin in December won't be likely to buy in anytime soon, but how about everyone else who has Bitcoin and better understands Bitcoin's price cycles, and how about the far far larger amount of money from people and Wall St that will be itching to get into Bitcoin before the next bull run starts or after they see that it has started. The people who got recked by Bitcoin by buying in December only represent a tiny amount of the money that will flow into Bitcoin in the next couple years.

Governments are allowing it. Bitcoin is about to hit Wall St before the end of this year with BAKKT. Governments will absolutely not do anything to harm a new asset class that promises to gain more wealth for the wealthy.

I feel like you haven't been paying attention. $100k I think is a conservative bet for the next peak. I think Wall St alone could raise the price by $100k the next two years. $100k is my target for the next peak, but I think it could very well briefly get in the $150k - $200k range before crashing the way last year $10k was the big target and then it briefly shot up to $20k in the ensuing euphoria. Expect something like that to happen again when it hits $100k in 2020.

$100k ? i do not believe it.
just look at our current market right now, do you think people will do the same thing again after they got rekt a few months ago ? absolutely not, they might do the same thing again but they need a time to regain back their faith and greed. and if the trend changes, at best we will see it around $15.000 max and then consolidated.

also, the goverments won't allow it.
their citizen and investor will be in danger when the market hits that number, a lot of investor/people will lose their money.

I agree that I'd expect the next crash to be less severe than this one. This one was already less severe than the previous ones (at least for Bitcoin, altcoins are a different story but they don't have much real worth yet anyways). This crash was only about 71%. The two previous prolonged crashes that took more than a year to return to ATH (2011 and late 2013) were like 90%+ and 80%+ ($32 to $2, ~$1150 to <$200). I think the next crash will only be 60-something percent. Though I guess it depends what Wall St does. Do institutional and retail investors on Wall St take their money out  or do they hold long term like people generally do with their stock market investments?

No. You're off by one zero there. That'd be 1.9 trillion dollar market cap. So what you're saying is that you think it could go to a million dollars per bitcoin.

I agree that $100k is about the right price for it but not because of the number but because of the marketcap.

Let's assume the number of coins available is at around 19 million. If you calculate 19 million coins with $100k than the total marketcap would reach about 19 trillion dollars. That is about the same as nasdaq and nyse combined which would make sense to be the maximum for bitcoin itself.

It should not be anything remotely higher than that. The proper way to calculate these things are by comparison and if you do not calculate it right you could see it go off a lot higher. For example if you combine nasdaq and nyse that combines to about 26 trillion or so and I highly doubt any crypto currency would ever be close to that hence I think the best way to calculate was that, you can calculate it some other way using something else that way by marketcap size.

It also depends on how long until it starts, how the people finances will look like ...
We may have another short lived bubble up to 100k like ranges or we may have a slow and healthy growth which may not reach more than 25k.
If a new depression strikes we will be happy to stay at the current levels...

There is no doubt that bull run will happen again, but I'm not sure it will happen in the next few months. I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise.

I'm more inclined to the theory that next bull run will start in 2020 or maybe in 2021, maybe just because of 2020 halving effect. Tim Draper gave his prognosis for 2022 with the price of 250 000$, and I have nothing against it - with only 4 BTC anyone can become a millionaire

This is probably thread number 1000 asking the same "next bull run" type of question here.
Come on people.Can't you just relax and wait.Bitcoin isn't going anywhere exept to the moon.The start of the skyrocket price growth is delayed for 1 or 2 years,but eventually bitcoin will hit the moon.

Everyone have their own opinion but no one can answer exactly for this question because we knows that cryptos were unpredictable always.I hope it will go three or four times of the current all time high prices so which is about $60000 to $80000 but the time taken for the next bull run will be much longer than the expected and also the bull run will be longer to reach enough prices before the next price dump.

It's too early to even think of a figure that Bitcoins might touch during the next bull run, as the important question now should be when will the bull run happen, what will trigger it, how long will it last, will it just increase the prices and not adoption. If and when there's a bull run and massive adoption takes place then we won't need to wait for bull run, prices will keep on increasing daily, but if I have to pick a range anywhere between $20 to 50k don't see it crossing those levels.

The longer we stay below the past ATH the higher it will go, specially if we go sideways for a long time, due the cyclical contraction and expansion in how bitcoin behaves.... it's like a fractal, like some sort of wavelength. The longer the rest the more hardcore the next punch will be, and next time I can see it going $100k+. It's ridiculous how some are pointing to very low prices like $30k or whatnot. I can feel that they are starting to get scared to give higher ATH's, just like how $20k was seen as insanity a year ago. Hell I remember Trace Mayer being told to be insane when he made his $3000 prediction. Then you have analysts like Tone Vays which predicted $7500 as the best possible scenario for ATH. Funny how Richard Heart got it right and he is more on the troll side of things. Perhaps McAfee is right after all.

what is that based on? you got a crystal ball?

we've had so few cycles to study in bitcoin that i really hesitate to make assumptions about time.


i think we're going higher than that, possible a lot higher. looking at the last cycle, from previous ATH (2013) to new ATH (2017), $300-350k would be a fair estimate. but i also wonder if future bull cycles might get even more exuberant than past ones, due to the perception of diminishing supply and exponentially increasing demand.

No such thing for me as setting or thinking of a target price. What matters for me is, the bull run will really happened no matter what.

If how long it will lasts, if what's the highest price will be established etc. I like them to be surprised. Im disregarding all speculations and predictions about the what will be highest price even how good and well detailed the analyzation because of an obvious reason that it may be spoiled. So for me, I will just watch how bitcoin price will behave once the expected and much awaiting "massive bull run" will happened.

But remember that people shouldn't get carried away easily once it happened. A wrong interpretation about the trend may lead to an unexpected scene that people don't want to experienced.

Purely based on the multipliers from previous all time highs to the new ones, I think it's safe to say that it will easily break $100k, the only thing I'm not sure on is when the next bull run peaks. I'm not seeing it start any time soon.

The most interesting aspect will be the correction that follows afterwards, especially with how we'll be seeing a whole lot more adoption from large legacy entities in the next couple of years.

Usually we're correcting with 75% on average, and it would be quite a bummer if it does again. In that case it will indicate that the market hasn't actually matured at all, which after more than a decade is a poor performance.

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.


But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.