Will Bitcoin break its previous ATH record of 20K before end of 2020? - page 4.

Sayeds56

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Quote from: pooya87 on November 10, 2020, 10:14:27 PM

there really is no fixed timeframe for these things because bitcoin price rises are greatly affected by a lot of different factors (most of which involve factors affecting the adoption). for example anything that can speed up the adoption such as countries adopting bitcoin as a currency (eg. Japan in 2017) greatly increases the adoption speed and with it the price reaches the next ATH a lot faster. on the other hand opposite things that can slow down adoption greatly decrease the speed and increase the time it takes to reach the next ATH. for example the recent pandemic panic sell or a economic crash/recession could slow it down.

my guess is that the previous ATH will be broken next year in first couple of months and within first quarter we will see new ATH around $35k to $40k and by the end of 2021 we will have the final ATH above $50k and possibly around $100k.

Well said. My forecast that it might break ATH before the year ends, is based on Technical charts which suggest that if BTC breaks 17,000 the it won't take much time to break 20,000 ATH record and current market trend is Bullish. Secondly, the Intuitions are making huge buying which is evident from growing trading volumes of all major exchanges.

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Quote from: Fundamentals Of on November 10, 2020, 08:48:08 AM

Quote from: Sayeds56 on November 08, 2020, 09:24:15 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.

Who knows? You and I are essentially guessing despite all the track records and patterns Bitcoin left all those years.

But it is possible that the previous ATH will repeat in the same month this year and eventually be broken right after. We seem to have all the reasons to believe that it will happen. There are large institutional investors which are now showing a lot of confidence in Bitcoin by having a good portion of their funds devoted to it.

Perhaps, that is right. But we don't know if the new ATH will happen the same as what we predict. It is too difficult to predict when it comes because bitcoin patterns will not be the same from time to time. We could only prepare for the coming of the bull run by buying a lot of satoshi from now on, so we don't miss the chance to sell bitcoin at a high price.

Perhaps, bitcoin price will touch $20k this year or next year, but to make a new ATH will still need more time. We don't know how high the next ATH, but I guess that the bitcoin price will pass $20k.

pooya87

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there really is no fixed timeframe for these things because bitcoin price rises are greatly affected by a lot of different factors (most of which involve factors affecting the adoption). for example anything that can speed up the adoption such as countries adopting bitcoin as a currency (eg. Japan in 2017) greatly increases the adoption speed and with it the price reaches the next ATH a lot faster. on the other hand opposite things that can slow down adoption greatly decrease the speed and increase the time it takes to reach the next ATH. for example the recent pandemic panic sell or a economic crash/recession could slow it down.

my guess is that the previous ATH will be broken next year in first couple of months and within first quarter we will see new ATH around $35k to $40k and by the end of 2021 we will have the final ATH above $50k and possibly around $100k.

STT

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Its still declining if we go off of the closing daily bars, that doesnt have to be bearish because its quite slight and not yet contrary to a rising trend. It does show indecision and I find BTC quite often just drifts sideways after big moves, frustrating many who wish to speculate long or short greatly from that general ranged price. A constricting price range does point to a break in future most likely, but this is so familiar now in price history I dont think its going resolve neatly for me just yet.
Iam always too negative and conscious of that underestimation by myself on that count but its quite fair to observe price moves forwarding being checked. The consolidation appears negative short term as it involves revision of lower prices, the perception being of a fall even though we just register prices over a broader time line which is not especially negative. I only feel safe when we are in a channel, not been there for months now that I saw.

TheGreatPython

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Quote from: Husires on November 09, 2020, 02:32:42 PM

If you mean to repeat what happened, Bitcoin has broken its maximum peak at the end of the year 2016, rising above $ 1000, which means that the price must break the $ 20,000 barrier in the coming months to repeat what happened in the past.

It is hard for bitcoin to recored new ATH in this short time so bitcoin price can not be repeated every 4 years.

Actually the growth we saw earlier is not easy to achieve now because earlier the market was smaller and not that many investor, traders and holders existed. Now the market is very deep and even companies like paypal are coming into crypto so it makes the market very deep which means the rise in value of bitcoins is now not possible at the same rate as earlier.

Quote from: error08 on November 10, 2020, 01:39:57 AM

According to the current market trend and technical analysis and there have been some remarkably aggressive buy signals in the market, so bitcoin should be able to reach $20K before the end of this year. We can't rely on emotions and feelings to predict bitcoin movement, decide it right now to buy or doing nothing, but seasonal traders who chase profits definitely buy into that with the hope to sell at $20K, we will see significant correction at that price mark.

It might but we do have some big resistances to overcome if we have to reach the ATH within this year, because those big resistance walls are not going to fall within weeks, it will take some time to come through them.

Oceat

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Quote from: leea-1334 on November 10, 2020, 06:48:42 AM

Quote from: hahay on November 08, 2020, 03:44:23 PM

If you realize history will repeat then it's enough for us to prepare for that moment, but if it's before the end of the year I'm personally not sure. I wonder if you have bought and hold bitcoin so far because the worry is no proper preparation to enter the bull market, so far very real changes have occurred even in times of crisis and difficulty due to the pandemic, so there is no doubt because however history will definitely repeat and of course with new higher records.

I just wish people would stop flooding Twitter and social media with all these bullish predictions, for some reason you know the market always seems to react best when there is zero good news or good sentiments.

On the other hand with all the silence in mempool for both ETH and BTC I suppose that is a good sign for us silent lurkers;)

Those people doesn't actually matter about the price of Bitcoin whether it's a good news or bad news. Only the highest influence in the market can make the Bitcoin price move just like what happened to Trump when he got Covid-19, we all know the market seems to drop heavy after the news.

Back to the topic, new ATH for Bitcoin might come next year as what the charts tell illustrated by speculators considering that we did actually touch almost $16k within this year. So I believe there will be a new ATH and Bitcoin will break a new record of ATH, we just don't know yet what price would it stop.

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Quote from: Sayeds56 on November 08, 2020, 09:24:15 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.

Bitcoin halving ensures the continuous and health of bitcoins network, the cycle that always repeated after the halving is bitcoin reaches a new ATH. The last bitcoin ATH was $20,089 on December 17^th, 2017 which means 36 days remaining until then, well the chances are quite remarkable to get at that mark. Nonetheless, bitcoin seems embedded in a sideways pattern in the last 3 days, considering RSI slightly above 50, it's neutral. At this point, this means could be a retrace back to ~$14K levels or the bullish pattern back in action again to break $16K resistance.

Fesatmas

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We look forward to it, everyone has the right to assume that bitcoin price will exceed $ 20,000. there is always a possibility based on the current conditions. The new ATH will come maybe the end of the year, or it could be in the middle of 2021. This is very likely to happen. and we will all watch it together. prepare your bitcoin pasoka from now on, sell some and the rest Hold.

Fundamentals Of

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Quote from: Sayeds56 on November 08, 2020, 09:24:15 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.

Who knows? You and I are essentially guessing despite all the track records and patterns Bitcoin left all those years.

But it is possible that the previous ATH will repeat in the same month this year and eventually be broken right after. We seem to have all the reasons to believe that it will happen. There are large institutional investors which are now showing a lot of confidence in Bitcoin by having a good portion of their funds devoted to it.

leea-1334

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Quote from: hahay on November 08, 2020, 03:44:23 PM

If you realize history will repeat then it's enough for us to prepare for that moment, but if it's before the end of the year I'm personally not sure. I wonder if you have bought and hold bitcoin so far because the worry is no proper preparation to enter the bull market, so far very real changes have occurred even in times of crisis and difficulty due to the pandemic, so there is no doubt because however history will definitely repeat and of course with new higher records.

I just wish people would stop flooding Twitter and social media with all these bullish predictions, for some reason you know the market always seems to react best when there is zero good news or good sentiments.

On the other hand with all the silence in mempool for both ETH and BTC I suppose that is a good sign for us silent lurkers;)

Sayeds56

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Quote from: lixer on November 10, 2020, 05:47:30 AM

Wasn't aware of the 3 year cycle you mentioned that it reaches the ATH every 3 years but I have a strong feeling that BTC will be easily crossing the ATH maybe if not by the end of this year since we are already so far into Q4 but surely in Q1 of 2021 we will see that happen. As a long term investor and a visionary investor I don't bother much about how much the price is increasing as long as it is increasing and is steady.

I remember how everyone scared me to sell all my coins when the massive drop happened earlier this year but I held on because I knew this is not the right time to sell and in even worst case scenario we can wait a couple years and get 15k easily and now see we are talking about ATH within the same year.

Good strategy. Long term investors always yield huge benefits in any type of asset class including crypto provided your selection of asset is based on its intrinsic value and your timing of investment is right.

Emitdama

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Quote from: 3meek on November 10, 2020, 03:21:00 AM

I hope that it will happen already this year! But somehow it seems to me that it may be in 2021... Since March, there is an upward trend, and so far there have been no serious corrections... Therefore, I expect a price rollback, then recovery and conquest of new highs!

There will be a correction after jump so actually expecting ATH within this year is hard not just because it takes time to jump again after a correction, honestly speaking I would be glad and very positive if BTC can maintain the price around 15k by the end of this year. I am saying that because this year we saw even 5k and 4k prices so we can proudly say BTC jumped up to 10k from that mark and 15k by the year end will be a victory.

Quote from: Mahdirakib on November 10, 2020, 03:39:15 AM

ATH is not related with year range. Good news about bitcoin and the demand of investor for btc can make it anytime. We will see new ATH within this year, if the price don't fall back from the current base and increase like before.

Hopefully the price can stay true and I really wish there is no big drop before the end of the year because I am expecting big things next year and if a drop happens now it will again cause doubts while a solid 15k by the end will be really good.

lixer

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Wasn't aware of the 3 year cycle you mentioned that it reaches the ATH every 3 years but I have a strong feeling that BTC will be easily crossing the ATH maybe if not by the end of this year since we are already so far into Q4 but surely in Q1 of 2021 we will see that happen. As a long term investor and a visionary investor I don't bother much about how much the price is increasing as long as it is increasing and is steady.

I remember how everyone scared me to sell all my coins when the massive drop happened earlier this year but I held on because I knew this is not the right time to sell and in even worst case scenario we can wait a couple years and get 15k easily and now see we are talking about ATH within the same year.

Mahdirakib

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Maybe it will but no one can give you the surety. The price of btc have increased nicely in last few weeks. Now bitcoin price staying at 15k usd range. So we aren't far away from 20k usd. ATH is not related with year range. Good news about bitcoin and the demand of investor for btc can make it anytime. We will see new ATH within this year, if the price don't fall back from the current base and increase like before.

3meek

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God, save BTC!

I hope that it will happen already this year! But somehow it seems to me that it may be in 2021... Since March, there is an upward trend, and so far there have been no serious corrections... Therefore, I expect a price rollback, then recovery and conquest of new highs!

yhiaali3

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It can be said that history repeats itself, this is true, but not necessarily every three years, ِAlmost after all the halving.
If we go back to the history of Bitcoin we find that after each halving there is a new peak, if we go back to the previous halving, we find that it happened in the middle of 2016 and after about a year & several months, at the end of 2017, Bitcoin reached its highest peak in history.
Therefore, compared to the current halving, we find that Bitcoin is close to the top after only a few months, so it is not unlikely that Bitcoin will far surpass the previous peak and reach new ATH.

Desscount

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even though now the price of Bitcoin is at the level of $ 15000,
if there was a PUMP of $ 5000 it was already above the ATH price in 2017,
of course this is very easy for Bitcoin, it's just that Bitcoin takes time to pump,
I'm still waiting for the pump to happen!

error08

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According to the current market trend and technical analysis and there have been some remarkably aggressive buy signals in the market, so bitcoin should be able to reach $20K before the end of this year. We can't rely on emotions and feelings to predict bitcoin movement, decide it right now to buy or doing nothing, but seasonal traders who chase profits definitely buy into that with the hope to sell at $20K, we will see significant correction at that price mark.

crwth

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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. Wink

kesmex

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Quote from: Sayeds56 on November 08, 2020, 09:24:15 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.

If calculated from 2018 to 2020, it has been 3 years that BTC has decreased below $ 19k,
if history repeats itself then 2021 is the beginning of a revival to a new All-Time High,
I can't wait to see bitcoin prices above $ 19k.

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