Topic: Will Bitcoin reach 20k $ in 2021? - page 5. (Read 1032 times)
If we can check the current price of bitcoin, the bull back that happened recently are not so strong and if later bitcoin is not able to break the $16600 support, there could be more chances that it will rise further, but we should know that if bitcoin get to $19000, there will possibly be strong support at the price, a support that could drive bitcoin up to all time high. This could still happen this year, but more likely bitcoin will break $20000 next year.
At this moment it is harder to foretell whether it will still have the chance to recover knowing how huge the dump is, within few days. Unlikely last week wherein the market value is close to its ATH, the market price at this moment is on downward motion. But that's for this year, next year is another story wherein Bitcoin's market value will have a longer time to prepare but let us hope it will be able to do so, as early as possible because this market is wanting a new ATH for more than two years already.
You are asking a question to which there is no precise answer, but we can only speculate what will happen taking into account what happened in the past, and what is happening today. I personally think (and this is no financial advice) that the chances that BTC will reach $20k over the next year are very realistic and that everything else would be a really big surprise.
What happened at the moment with the price is only a small correction (small compared to the overall growth in the last 30-60 days), and for most something that was expected. For me, anything above $15k is a great success for this year, which is more than challenging if we just look back 6-7 months when it seemed that the entire market was falling into a huge black hole from which it would not be so easy to get out.
What happened at the moment with the price is only a small correction (small compared to the overall growth in the last 30-60 days), and for most something that was expected. For me, anything above $15k is a great success for this year, which is more than challenging if we just look back 6-7 months when it seemed that the entire market was falling into a huge black hole from which it would not be so easy to get out.
I think it can still happen, but now is a turning point if we consider the past. Bitcoin is a bit down already, and it can go for stabilization somewhere around $15k-$16k; it might go up again after this correction and reach $20k even before the end of 2020; it might go down and down, like it did the previous time back in 2018. I think the last option is most likely because the price went up too fast and surely many people are still willing to cash out. If some news hits the media (something negative, like it was with South Korean exchanges and regulation issues in 2018), it can easily trigger panic selling. And after panic selling, we might have another few years without the price above $15k.
After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.
Not even the so called experts have been able to currently speculated the price of Bitcoin from inception, maybe the price of Bitcoin will go way downward than what we see or move upwards from where we are right now. Honestly, the recent dump in Bitcoin price and fast recovery should be a good signal for everyone in the community not see Bitcoin ways we see it yesterday becasue it has adopt a new approach in term of it price. 2021 will be great year in cryptocurrency from the look of things right now, let keep hope alive as the future can't be known. Share your own thoughts and let us know friends.
After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.
Share your own thoughts and let us know friends.
Jump to: