I think that the opportunity for the price of bitcoin to reach $ 20,000 is in 2020. That is a very logical thought, moreover, so many crypto developments occurred that year. despite the many predictions that the price of bitcoin will go down, and some other FUD news, I still strongly believe in the potential for 2020.
in this development, it is not certain, many assume that if the price recovers, it can be achieved in the near future. in addition, other crypto developments such as libra might help increase the popularity of crypto, especially bitcoin which makes prices rise. we can see that in 2020.
Topic: When Will Bitcoin Be Back To $20,000 ? - page 2. (Read 17834 times)
What makes you say that? It is already at $10,000 so why do you think it will be $10,000 during mid-2020? Please explain.
This quote kinda explains it imo, peoples sentiment does not match the market momentum exactly. We cant wish the price higher, there are various factors in play between the balance of supply and demand
Quote
people are so optimistic at the moment. after the bitcoin price increase from $ 5,000 to $ 10,000,
So people see the rise, its double even which is a big rise for quite a small time in anyones book. So we have a kind of confirmation bias setup, it already happened so why wouldnt it just keep happening and double again.
That reasoning does make sense in a way but we are also on a gradient with a higher price, its fairly likely we do have a greater supply from those willing to sell and to some extent some who fear a fall so begin to sell no matter what. It can always happen, theres a turning point. The market has a momentum to it like newtons cradle I guess, we transmit various energy and capital through the market and the effect propagates then reacts, we will have selling in reaction to higher prices.
Its really hard to judge and to me very interesting to see a real live free market, though we have strong bias from FIAT currencies of course and so on. My guess for 20k is not this year, it could be we take until 2021 or more and theres no negative in development that takes time because it will be a stronger price at that time I'm pretty sure.
https://www.investopedia.com/terms/c/confirmation-bias.asp
When do you think Bitcoin will go back to the $20,000 mark and what factors do you think could contribute to making it happen sooner rather than later?
It may be very soon, the factors are essential one in general, the application of the BAKKT, This makes investors who buy massively bitcoin, regardless of the price, because what they would like is to have bitcoin to accumulate.
As for this September 23 will happen, this movement is likely to occur, and although $ 20k is the ceiling in the Bitcoin box, you can get there and test how the offer is, according to that it can oscillate, we currently have an average value , with some volume, almost that important movements have been little present and bitcoin movements have been for many bots. Anyway, it is necessary that those who can acquire bitcoin is what is most recommended, based that we are starting the bullish trend stage.
This sideway movement was predicted for a longer period, between $4k-$6k probably throughout this year. A significant development to follow will be the halving by 2020 May.
Price range for next halving is something like that, maybe with some spikes but that wont change much nothing until next halving comes. Maybe searching for some alt that could bring balance to the crypto force.
Not all analysts and forecasters look at halving as a factor though I admit it does makes good reading
When do you think Bitcoin will go back to the $20,000 mark
It is noticed that the prices are moving too fast and during the last 72 hours, bitcoin hit 11.8k$ from 9.6k$. Its difficult to say but expected that Bitcoin will go back to the 20k$ mark At the end of 2020.Quote
and what factors do you think could contribute to making it happen sooner rather than later?
If ETF(google it to know more) get approved for bitcoin, then bitcoin will be more polupar & trusted than now. This is the reason that could contribute to making it happen sooner rather than later, i do think so I think the market will continue with the same trend between 4K-6K during the year. Probably in 2019 Q4 the market will see a rise to 6K. Then slowly it will recover more to 10K at mid 2020 when the halving happens.
What makes you say that? It is already at $10,000 so why do you think it will be $10,000 during mid-2020? Please explain.
Why should it?
What have you done to cause a rise in valuation? Things happen for reason, a cause. They don't happen because we want it.
What have you done to cause a rise in valuation? Things happen for reason, a cause. They don't happen because we want it.
It's hard to make such prediction to get right, we shouldn't worry too much just HODL and it will worth a wait just spare your time doing something and don't look at the chart one day you will be surprise by the results.
True, because the price is changing and we cannot know if what will be the price on the next days. So we cannot predict it yet, but i believe that this coming end year it will back to $20,000, because now the price is increase again. 
We have hardley reached 5000$ and the price is still fluctuating and there is absolutely no guarantee that the price will keep that trend but people keep asking when the price will reach 20000$ again. You need more patience and understanding how the market is behaving. So far it's still hard to tell if the price will continue to grow and how fast will that be. Use the current opportunity you have for trading and don't look too far distant in the future.
I dont think anyone will want to put himself up for such time prediction seeing the trend from 2018. It was so frustrating but the end of this could give idea of where we could be going. This sideway movement was predicted for a longer period, between $4k-$6k probably throughout this year. A significant development to follow will be the halving by 2020 May.
It has been stable at $3,000+ for a long time, its having spikes hitting $5,000 recently before levelling out but you have a point when you say it might be between $4k-$6k throughout this year. We need stability in the crypto community.
I think the market will continue with the same trend between 4K-6K during the year. Probably in 2019 Q4 the market will see a rise to 6K. Then slowly it will recover more to 10K at mid 2020 when the halving happens.
if the positive bitcoin price continues to increase every month, maybe this year could be like 2017. well, I think mid-2017 also has sharply increased bitcoin prices until the end of the year. if that happens again, I think this year the price of bitcoin can be above the price of $ 10k, or close to $ 20k.
The market of bitcoin as well other cryptocurrencies look like an initial phase of growth which is focused on the halving that is scheduled to be around the mid days of 2020. The positive mind expecting good growth to happen in the world through cryptocurrency is being getting reality. Probably can happen by the days close to the days of halving.
I think the market will continue with the same trend between 4K-6K during the year. Probably in 2019 Q4 the market will see a rise to 6K. Then slowly it will recover more to 10K at mid 2020 when the halving happens.
if the positive bitcoin price continues to increase every month, maybe this year could be like 2017. well, I think mid-2017 also has sharply increased bitcoin prices until the end of the year. if that happens again, I think this year the price of bitcoin can be above the price of $ 10k, or close to $ 20k. 
This sideway movement was predicted for a longer period, between $4k-$6k probably throughout this year. A significant development to follow will be the halving by 2020 May.
Price range for next halving is something like that, maybe with some spikes but that wont change much nothing until next halving comes. Maybe searching for some alt that could bring balance to the crypto force.
I think the market will continue with the same trend between 4K-6K during the year. Probably in 2019 Q4 the market will see a rise to 6K. Then slowly it will recover more to 10K at mid 2020 when the halving happens.
I dont think anyone will want to put himself up for such time prediction seeing the trend from 2018. It was so frustrating but the end of this could give idea of where we could be going. This sideway movement was predicted for a longer period, between $4k-$6k probably throughout this year. A significant development to follow will be the halving by 2020 May.
From where we stand now, it looks high and we need more time, but crypto is full of surprises and we might be surprises it will come early as we expected.
The market is looking really good IMO, there are some dumps but eventually it will recover faster, it's a good sign for something positive in the future.
The market is looking really good IMO, there are some dumps but eventually it will recover faster, it's a good sign for something positive in the future.
I broadly agree with you.
The market has been fairly stable. Bitcoin has been hovering around the $3800 - $4000 mark for a long time though we hope to see gradual increaes.
Yes crypto is fill of surprises, let us hope we see positive surprises sooner than expected
When do you think Bitcoin will go back to the $20,000 mark and what factors do you think could contribute to making it happen sooner rather than later?
Considering the current trends of the crypto trading avenue and the crypto market in general, there is no possibilities that Bitcoin is going to hit $20k. After the market price of Bitcoin hit $20k in the later part of the year 2017, the crypto ecosystem increased exponentially in terms of the number of people found in this ecosystem. Majority of these people got into Bitcoin mining increasing the amount of new Bitcoins mined into the ecosystem. This affected the amount of Bitcoins in circulation which further affected the supply and demand chain of Bitcoin influencing people to sell their Bitcoin at a cheaper rate. This caused the market value of Bitcoin to drop throughout the year 2018. The highest market value of Bitcoin I see it reaching will be about $10k. 
I think that Bitcoin will stay in this consolidation period for at least a few months from now. So I don't see $20k this year, but probably until 2021 we will shoot for $100,000 mark. Nevertheless watch the charts! 
The bulls can come back into the market any time.
That is enough time for massive adoption of Bitcoin. We're just waiting for more major adoption in Bitcoin such as using it in online shopping like Amazon, Alibaba, and etc. I think these adoptions would certainly trigger bull run not only for Bitcoin but for every altcoins. The bulls can come back into the market any time.and if you don't know how to play with them you will loss. The best strategy to be safe ( my term) is just to hold it longer and wait for that adoption mentioned above to take place.
I think that Bitcoin will stay in this consolidation period for at least a few months from now. So I don't see $20k this year, but probably until 2021 we will shoot for $100,000 mark. Nevertheless watch the charts! The bulls can come back into the market any time.
That is enough time for massive adoption of Bitcoin. We're just waiting for more major adoption in Bitcoin such as using it in online shopping like Amazon, Alibaba, and etc. I think these adoptions would certainly trigger bull run not only for Bitcoin but for every altcoins. The bulls can come back into the market any time.Jump to: