It’s like a dream, bitcoin can keep going up this fast, even the price of bitcoin exceeds $15k. Now the price of bitcoin is already $16,171,
really a very strong run. There are less than 2 months to catch up to $20k, it looks close if looking at bitcoin’s current position.
It seems likely that we all expect Bitcoin to create a new ATH besides what happened in 2017.
Many pusher factors are causing bitcoin to run away today. And it makes us positively minded about price developments.
It’s only natural that many assume that bitcoin is very close to reaching $20k.
Topic: Will Bitcoin break its previous ATH record of 20K before end of 2020? - page 3. (Read 973 times)
November 12, 2020, 05:56:03 PM
November 12, 2020, 05:17:22 PM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.
Might be YES or NO. Though it gonna be possible but that seems so hard to make a $20k rally this year. Maybe next year, nobody knows but we don't need to lose our hopes then. Some speculation made saying $50k, $100k, that gonna be possible but we don't need to have a time-frame for this, and I can't see it in my crystal ball yet. That so saying that history repeats itself, maybe YES or it gonna be NO. We live in this unpredictable market, a decentralized market where nobody knows, and all the comings are unknown to everyone.
November 12, 2020, 04:28:46 PM
The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.
Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.
Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.
Or $20K?
Right now it's really hard to see where the price is going before the end of this year. Too much speculation and news affecting the market, positive news that will push the price to even greater heights. No one expects the price to be in this level as this point, so who knows, maybe $20k in 2020 is possible because it surely did kick another FOMO upon reaching $16k, the price we haven't seen since 2017, if my memory serves me right.
November 12, 2020, 04:01:04 PM
I think theres too much news going on for a new high this year, you have an election result but its disputed and protracted in its resolution which means doubts can be a negative for most of the rest of this year. You have possible upset from that change of guard. There is the danger of markets over speculating the end of covid when any vaccine takes months maybe even a year to propagate which matters because markets falling will bring margin calls and a need for capital which BTC is to some extent, a liquid source of capital.
Its not negative especially for BTC to pull back at this point, a price often checked is far more assured in its gains long term. Its better to be bullish when people are too apprehensive, where as now most are very positive from these previous gains hence I would advise some caution while taking part purely in a speculative way so that means keep a stop loss on trades.
Its not negative especially for BTC to pull back at this point, a price often checked is far more assured in its gains long term. Its better to be bullish when people are too apprehensive, where as now most are very positive from these previous gains hence I would advise some caution while taking part purely in a speculative way so that means keep a stop loss on trades.
November 12, 2020, 02:10:24 PM
Not that too optimistic for bitcoin to reach the ATH as of this year and we cant just focused out on up prices but also theres always the tendency of corrections.
Honestly, we are really just moving too fast considering that we are just in 10k price on previous months and now we are almost hitting 16k which the movement is really not that organic in my own opinion
but somehow basing up on the sentiments or adoption news then we can presume that it might be the main reason for such up but always be having that risk management because we arent just talking about
price increase here.
Honestly, we are really just moving too fast considering that we are just in 10k price on previous months and now we are almost hitting 16k which the movement is really not that organic in my own opinion
but somehow basing up on the sentiments or adoption news then we can presume that it might be the main reason for such up but always be having that risk management because we arent just talking about
price increase here.
Correct, one of the main things in investment is risk management, too much advice says 'do not invest more than you can afford to lose'.
People can't haphazardly invest in something they don't know, but we do know what bitcoin is and what it's capable of achieving.
Although it can't reach a new ATH this year, yet it still manages to break $16K resistance, do you think it will stop at this price? Personally, I would say, based on probability and predictions, bitcoin should be able to achieve at least a minimum of $19K by the end of the year.
November 12, 2020, 11:45:18 AM
It looks more and more possible every single day, I am not assuming anything will happen in crypto world because anything could happen at any moment, we could suddenly crash under 10k as well so I am not keeping my hopes up, but I can see that there is a really big deal going on right now with the price approaching 16k like it is nothing.
Normally this should be a huge deal because 16k is something we haven't seen since the 2017 peak, we are getting back to those days and we are not doing it like a huge hype anymore, we are not doing it like it is something extraordinary, we are doing it like it is something very normal and expected. This changes a lot of things because doing it like it is something expected makes it easier to go further up in price as well.
Normally this should be a huge deal because 16k is something we haven't seen since the 2017 peak, we are getting back to those days and we are not doing it like a huge hype anymore, we are not doing it like it is something extraordinary, we are doing it like it is something very normal and expected. This changes a lot of things because doing it like it is something expected makes it easier to go further up in price as well.
November 12, 2020, 02:49:28 AM
The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.
Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.
Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.
November 12, 2020, 01:16:20 AM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.
It will not this year, my analysis is the movement of the price starting last month, since the PayPal news surfaced, the PayPal news made a big impact on the price but it cannot sustain the price to reach $20000, we need more or another news as big as the PayPal news so the price can make its big movement again, I'm still confident that the new all time high will happen first or second quarter of next year.
November 11, 2020, 02:14:36 PM
Even if we can't break before 2020 ends, we could wait a bit more can't we? I mean I would suggest not buying from here because we are already very high and would suggest everyone to wait a bit until we get down a bit in order to make some profit, but if we are not doing that and still buying, at least we could wait a big longer.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
if you believe bitcoin could and will reach that point, then why hesitate to buy? $16K is in sight, the next target is $17K, like you said, just buy and wait for bitcoin to break $20K, even if we sell at $19,800 should generate huge profits depend on how much you are willing to spend at this time. However, the potential of bitcoin is not just $20K, the probability of reaching $21K before the end of this year is quite high.
Honestly, we are really just moving too fast considering that we are just in 10k price on previous months and now we are almost hitting 16k which the movement is really not that organic in my own opinion
but somehow basing up on the sentiments or adoption news then we can presume that it might be the main reason for such up but always be having that risk management because we arent just talking about
price increase here.
November 11, 2020, 01:45:02 PM
Even if we can't break before 2020 ends, we could wait a bit more can't we? I mean I would suggest not buying from here because we are already very high and would suggest everyone to wait a bit until we get down a bit in order to make some profit, but if we are not doing that and still buying, at least we could wait a big longer.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
if you believe bitcoin could and will reach that point, then why hesitate to buy? $16K is in sight, the next target is $17K, like you said, just buy and wait for bitcoin to break $20K, even if we sell at $19,800 should generate huge profits depend on how much you are willing to spend at this time. However, the potential of bitcoin is not just $20K, the probability of reaching $21K before the end of this year is quite high.
November 11, 2020, 01:28:44 PM
Even if we can't break before 2020 ends, we could wait a bit more can't we? I mean I would suggest not buying from here because we are already very high and would suggest everyone to wait a bit until we get down a bit in order to make some profit, but if we are not doing that and still buying, at least we could wait a big longer.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.
November 11, 2020, 12:58:51 PM
And there is also a chance for a big correction. Nothing ensures you that bitcoin will continue to go up on tomorrow. Always prepare for the worse. That is how a smart investor does. If there is a reward, there will also be a risk.
It is a good advise here just as many invested when correction was ready to happen. Investors now could be looking at December target for the yearly profit as in last ATH but this year is not convincing to happen.
November 11, 2020, 11:44:58 AM
I do not need to predict an exact time when bitcoin surpasses its all time high. No need to be before 2020 or early 2021. But if we keep this momentum, we will not just surpass it, $30000 is an possible target
But who knows. Bitcoin has performed outstanding this year. There are 2 months left before we start a new year. It was nearly $3000 and now it has mutiplied to 5 times. We still have a great chance to see bitcoin reach its ATH in this year
And there is also a chance for a big correction. Nothing ensures you that bitcoin will continue to go up on tomorrow. Always prepare for the worse. That is how a smart investor does. If there is a reward, there will also be a risk.
But who knows. Bitcoin has performed outstanding this year. There are 2 months left before we start a new year. It was nearly $3000 and now it has mutiplied to 5 times. We still have a great chance to see bitcoin reach its ATH in this year
And there is also a chance for a big correction. Nothing ensures you that bitcoin will continue to go up on tomorrow. Always prepare for the worse. That is how a smart investor does. If there is a reward, there will also be a risk.
November 11, 2020, 10:19:47 AM
With the current rate that we have, I believe Bitcoin could reach a higher high than in 2017. We will never know unless we are there. Many companies are switching to Bitcoin to keep their funds and possibly profit in the long run. A lot more companies would probably follow, and if you would be lucky enough to have bought earlier, it would already be a profit. It's a win already.
Just make sure you are ready to risk what you can afford, and then, you would be happy when you profit, and there will be accepted when you lose. Let's see the price soon.
Before the end of the year seems possible but it also looks like it may not happen at the same time. I understand we believe bitcoin is on the rise and we have broken over $15k which we haven't done in a loooooong time, even on the peak of 2019 which was very high, we didn't break over $15k so I understand why people think that we are doing awesome.Just make sure you are ready to risk what you can afford, and then, you would be happy when you profit, and there will be accepted when you lose. Let's see the price soon.
However just because we "did" awesome so far, doesn't really mean we will continue to do awesome, I agree that if we continue to go this way we are going to do very well, but I also realize that we may not go this well forever, which means it will have to end one day. Maybe it will end after we peak over $20k, maybe it already ended, or maybe it will be 50k+ before it ends which is why I say we don2t know when this rise will end and when is our last stop (for this run at least).
November 11, 2020, 10:10:55 AM
Last two bull market peaks were in November. In 2013 and in 2017. To expect something similar this November is a bit of a stretch. Yes you are talking about of ATH and not the bull market peak but still. Many expect Bitcoin to do well at end of years exactly because of those two years. If we go about repeat itself we should expect good year for Bitcoin at end of next year.
November 11, 2020, 10:09:30 AM
History always repeats itself but you never know when it does.
Found the answer within the statement. "You never know when it does."
That's it. There is no accurate answer to the question.
As of the 20k ATH mark, I doubt it might happen now. Don't get me wrong though.
I want it to reach that number as soon as possible to let those who bought at that time sell their bitcoins and maybe we can erase more panic sellers.
November 11, 2020, 08:31:57 AM
That's right, I'm also a trader, I'm waiting for the altcoin season to arrive,
before the Bitcoin price goes to all time high, we as traders can only hold and accumulate altcoins,
because this patience will produce sweet results.
Usually, altcoin season comes after the great bitcoin bull run.before the Bitcoin price goes to all time high, we as traders can only hold and accumulate altcoins,
because this patience will produce sweet results.
If you can wait for that moment to come then you need to witness first the bull run for bitcoin. And as much as possible, don't miss out on that moment for bitcoin and hold it together with your altcoins.
It's not only altcoins that you can hold and accumulate, apply it to bitcoin as well.
November 11, 2020, 05:56:34 AM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.
The analysts have mentioned about the bitcoin price after the halving, and yes it is possible that a bull run and hit the 20k ATH is possible. almost the same cycle as last 2017. Also I hope Altcoin will move up together. Im sure, many trader prefer to waiting for Alt seasson.
That's right, I'm also a trader, I'm waiting for the altcoin season to arrive,
before the Bitcoin price goes to all time high, we as traders can only hold and accumulate altcoins,
because this patience will produce sweet results.
November 11, 2020, 05:45:33 AM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.
There is no one who will know about it, they only have a prediction but their prediction only have 60% to happen. There are so many factors that can make bitcoin price up and down even its in an uptrend market, like a few months a go we already knew that bitcoin price in uptrend market but there is a situatiom that can make bitcoin price down a lot. And, it can happen now, we know since last week bitcoin and all crypto currency market are in a good trend market. The situation that was affect from coronavirus made the government spend a lot of money to help the people and it can make the fiat price fall and make bitcoin price up. But, who knows this situation will run.
But I have a prediction for bitcoin price for the end at this year, yeah its price will only touch $17.000 before this year end.
November 11, 2020, 04:39:35 AM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.
History always repeats itself but on Bitcoin's all-time high it's not going to happen this 2020 this is just my opinion and I based it on how the market price moves for the last 5 months the price is not moving dramatically like a huge 10% or more pump, movement is just 1 to 4% and I believe this movement will continue until the end of the year, and we'll see if there are changes in the first quarter.
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