Bitcoin Forum

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

The spike on December 2017 was slightly a Bitcoin bubble and I thought that the price would subside for a good reason.

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

No one on planet earth can predict accurately the next spike and how far it will go. There is nothing people currently desire more than a spike on bitcoin but truth be told the future can not be predicted. We only hope for the best at every point in time.

Bitcoins all time high will definitely be overcome, I hope so. Whenever such a massive increase occurs, the old ATH is overcome many times. So we'll see where the next border will be. I also expect it to come in the next few years, up to 2 years. But, nobody knows for sure!

I think the next big spike could take place at the ends of this year or probably in the beginning of 2020. It's been a long time since bitcoin price had a bull run and even though it doesn't show any sings that it's prepared for a huge spike I think there will be a certain moment when that is going to happen. Anyway, it's impossible to know when that's going to happen since we don't know what major events could take place during an entire year that could completely change the course of bitcoin.

Each successive ATH in the history of Bitcoin's price is always several times higher than the previous one. I think McAfee's predictions are quite real and the next ATH, at the end of 2020, can go up to $100k.

2017 is the most beautiful moment for bitcoin, but it must end in early 2018, maybe this is the right time to buy bitcoin in early 2019 at a relatively cheap price in my opinion, the choice is yours because for bitcoin trading it must be able to control emotions .

"Slight" is putting it way too mildly.  The runup to $20k had the air of euphoria attached to it just like every other bubble I've ever observed--not that my experience is vast, but I do recall the internet stock bubble of the late 90s and the real estate one that happened in 2006 or so.  People were going crazy over those investments just like bitcoin in 2017.  The btc bubble just happened to be shorter lived than the others.

I've no idea when the next pop for bitcoin is going to be, but I'm fairly certain it'll happen sooner or later.  It's still a pretty new technology and I don't see the enthusiasm for it dying down.  It's just in a rut right now, but at least it's stable where it is, and it's not like it's cheap.  I remember when 1BTC was $300, and a lot of folks here were into it when it was going for pennies.

Some were expecting a 100k after the next halving but it is just too much for a young Bitcoin that is still developing on the process. If after the halving plus more investor and adaptor then Bitcoin would reach 20k again or more. I just can't see how much the spike would stop when it is pumping, only the whales can make a change of it.

I expect to see very high prices in 3 years, yes 3 years is far away if we think about it right. But this time the price will increase slowly. For what reason do I believe that the price will increase a lot in 3 years? Many governments will recognize bitcoin, some regulators will approve activities related to cryptos, people will be able to buy cryptos with greater ease. Institutional investors will be able to enter this market because it will be a properly regulated market. The exchange will have to provide good quality services due to the competition and the regulations. all these factors that I mentioned will make the price very high in the next 3 years


Bad joke


I hope see in 3 years.

It will certainly showed more spiking attempt since the last month we saw it, and definitely we're on the best part which everyone also thought something would be a good signs. But somehow, the situation come to a point where frustrations came in and failed us. That's normal in crypto, we tend to fail and in the long period survival can be achieved as day pass by there's another side of the story will bring us a better surprise when we see price again spiking for better value.

Depends on how optimistic people are. They can say $20,000 at the end of 2019 , $30,000 at 2020 , $50,000 and so on..etc.

When this big price jump will happen? I wish we can tell. Even backed up by a technical and professional anaylsis won't work on determining when it will be.

My suggestion is to changed your thinking and focus on the current situation. Those speculations of higher prices in the future will just give you more confusions. Rather than to think when will be next spike, have some preparations about it now so that in case your dream price will happen few days from now, you will be benefited to it.

If I'm throwing out a number, I'll guess $300K +/- $50K. Naturally, it's impossible to know where price will stop exactly, but based on the long term log trend and past bubbles, that's pretty reasonable.

The other possibility is we won't stay on a log growth path and will actually switch to an S curve. That could put is in the millions (USD) very quickly.

Maybe 2022? :)

a year or three after the next halving, i think we'll be in the parabolic bubble times again. $200k - $400k feels about right. :)


if we compare to past bitcoin bubbles though, it was definitely smaller in % growth terms. it's definitely setting up some expectations now of a logarithmic trend where the bubbles will get weaker and weaker as time goes on.

i suppose that makes sense too. in most things early adopters usually profit the most; late adopters, less so.

After specific time interval there is regular growth, but the same has shown deviation at times. With these factors into consideration the best way to get on the market upto date is through the continued observation of the market. With good positive potential the market is good for getting the best deal in the market.

In the era of bitcoin price movements when touching the highest level in 2017, many parties think about Bitcoin.
Bitcoin broke a record with more than 100% profit in 2017,
For that, the increase in the price of bitcoin is the number of investors, so the amount of speciation on the platform in buying and selling bitcoin,
Example: Coinbase, I think this year is likely to be at least half the price of bitcoin 2017. It could be more.

It's hard to question, and I think no one will know. Maybe the price could be more than $20k in the next year, but I am sure that it will be very higher in the future.

It was still difficult to predict what will happen in the future as we don't know about that. But the price now has a stable price and don't move too high or too low, but still, the price could go lower this year, and the chance for that thing will always be possible.

The price of bitcoin spiked almost twenty time from the previous spike so based on that the next spike might atleast hit $100K so keep holding you coins. :D

The historical data has really show this and that means we should actually expect bitcoin to get to around $100,000 by 2021. However,  we  are going to witnessing little bullish run as it has happened in the past.  The cryptocurrency market is becoming more popular this days and we should expect some inflow of money this day that may cause bitcoin to move above $9000 . It then means if you can buy now and keep holding there is no way you will not make good profits in three to four months to come.  The bull is coming!  Just be patience.

next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out. a solid rise of about 2-3x per year then when the rise and profit is seen a lot of newbies rush in and drive the price up into a bubble. we are now on the groundfloor of that upcoming bubble. the solid rises will start this year and price will reach probably lower but close to $10k and then in 2020 as the halving hype and a bunch of others start the rises become faster and as $20k is reached the FOMO buys are going to start and the launch to the moon will start. eventually end up with a big bubble above $100k, I chose $300k because I would be a much smaller version of 2017 rise so I gave you an under-speculation to have a better chance of being correct.

Again, we don't know what's could be the next all-time-high, but it could be around around the $30k-$50k levels in the next 2-3 years. I don't want to put exorbitant numbers like 6 digits or something because I don't honestly think we can get to their after the next block halving. So I'm putting a estimate that I think within our reach in 2020-2021.

Hopefully. If ever we get to another ath soon i think the halving next year would have a lot to do with that. What i'm not very confident about is the manner of how we'll get another all time high. I think it's going to be difficult to start another fomo given the state btc was left after this bear market. But my fingers are crossed lol.

I also think that way since thinking about on where would the pump to start and when would the ath would come is so absurd. Since for looking the situation drag by halving we can say that we might gonna experience that huge surge when that times comes and maybe by now to reach that level we might need a huge news about certain strong adoption of crypto.

no one can predict for sure before there are indicators that cause the surge to occur, there are many factors that occur in 2017 one of which is the bitcoin hardfork.
so it would be too early to predict it for now and I think it would only be a waste of time to guess carelessly

Very interesting.

This is much better version that the other speculations that I've read and heard lately. I agree with your observation that there's a solid increase per year though it's shaking without any accurate price. The bubble burst late time and for this year, we've seen that there's more people that are putting interest to bitcoin.

And we all know when bitcoin starts to increase in price again, those people that lost interest to it will comeback and will contribute to make the volume higher again.

Spike represents inaccuracy in the price and is actually something you dont want long term.   It means volatility which is some discouragement for all and food for the bears to say it was never real.

Do you want the temporary or the permanent rise in usage really, because its far better if it can get a stable base and then any spike from that base in your bullish scenario.   I think we are still forming a base and to think more is jumping the gun.

Could we exceed 20k ?  I think so but I'd prefer if it was years ahead not in months and then another sell

I only expected a recovery in 2020, and this has been anyway my minimum target for personal reassessment even since Jan 2018. So, everything that's happened since has been more or less expected. Perhaps my only surprise is that we haven't plumbed lower depths as yet, but because of that I still believe we're in for even more lows this year.

3 years would mean 2022, which probably still fits my medium-term expectations. Japan's regulations would have matured by then, as would the EU's AMLD5 so Bitcoin should be that much clearer in the eyes of the law.

That would be a while away after halving, and smack during World Cup (I know, no correlation!) but I tend to measure my life in WC;)

That's what I would project based on the past. But as everyone knows, we shouldn't frame future expectations based on past performance. From a statistics perspective we only have a few data points (the 2011, 2013, 2017 bubbles) and with such little data we can't be confident that aberrations from the trend won't happen.

If you think of Bitcoin like a traditional tech adoption curve, then assuming we're on a log growth trend is ruling out the possibility we are actually leading up to an S curve. An S curve could take us to $10 million+ very quickly. I know that sounds crazy but looking at other tech adoption S curves like mobile phones, etc. it's really not if you consider Bitcoin's spot market scarcity. We haven't even tasted mass adoption yet. Just imagine what will happen if we do.

bitcoin will rise to 20k after 1 year or by mid 2020 , crash take 1.5 ----2.5 years it start in january 2018 (the current crash that start in 2018 is like crash of 2014 that already finished in mid 2015)

Do you really think anyone knows the answer to that question ?
Like, if we knew when it would be don't you think we would be selling every single thing in our possession to buy bitcoin ?

If I had known exact date of when bitcoin would go up in 2017 for example, I would have sold my house, my car, my clothes even(!) to buy more bitcoin and when it skyrocketed I would have sold way before it reached 20 thousand dollars, I would have started selling around 10 thousand dollars even if I knew it would reach 20 thousand dollars because I wouldn't want to make a huge ass sale all at once, I would want to spread it around so it wouldn't destroy the market.

Unfortunately, we didn't know 20 thousand dollars would happen, it was a shocking thing for us and we don't know if there will be a next one and when it will be .

It went that high because of some good reasons that creates a hype in crypto space. Gradually, the price subsides due to withdrawals after the hype.
Although the chart or the historical data of Bitcoin could be a good guide on when to enter the market, but good activities and news that are coming could be a great factor too, as it will create a positive outlook to the investors.
Anyway, thats a great observation on the price movement right there.

The hype was punctuated when CBoE and CME offered bitcoin future contracts. That put bitcoin in a bubble and a subsequent correction followed.

I'm speculating that it could even higher than that. History shows us that every bull run, bitcoin always for new all-time-high so I'm expecting that in the start of 2020 and moving forward we may see more than $20K.

it's strange how everyone always sets their expectations so low for the next bull market. long term bear markets have a funny way of facilitating that sort of mentality among investors.

we shouldn't be aiming near the old ATH. by the time we approach $20k again, 2-3 years will have passed since the last bubble popped. there's no way we're going to form a double top after that much time has gone by and we retest the highs. all the old supply will have been bought up by then. another bubble is going to erupt and we're gonna go parabolic after breaking $20k.

don't sell too early! ;)

Nothing is waste of time in case because most of the time positive feedback make good response in market and peoples are analyse the upcoming events in crypto platform so many peoples are believe the crypto investment so this year we will see some big jump in the market.

I agree that we can't speculate only based on past performance but that was not exactly what I had in mind. I am also taking into consideration how the conditions in the past that has led to those performances have not changed for example adoption is still happening with the same rate as before with the same acceleration too.

I also agree with the S curve theory of how bitcoin price is going to be like. but again the speculation is based on IF the conditions don't change. for instance back in 2016 I was predicting price to be at least $2k in a year (it was around $600-$700 at the time) based on the performance of that time. I had no way of foreseeing the big adoption that happened in 2017 and certainly no way of predicting the end of the 4 year long scaling debate to happen in 2017! both of which contributed to that rise.

in the near future we can have similar cases. for example something unlikely like Amazon accepting bitcoin or better yet doing it through LN is going to shoot the price up at least 500%

Look how stulid this question is.do you really think that this is answerable?all answers that you will get here is just speculation because the market is volatile so nothing is specific here

But i am pretty sure that this will not happen this year,and 20$k is so far from reality again.

What is needed now for investors is to hold our cryptocurrency and never sell in this bear market

It may bounce but don't you think that with the facts that we have right now, 20k is really big pump?
If there will be not any positive news, that will bring more people to the cryptocurrency community, or fasten mass adoption, I don't think that there is a chance to make such a huge bounce. We need to evolve the ecosystem in order to increase the price.

I certainly think that the halving will have a significant impact on the psychological aspect of traders, which is usually what matters the most in determining the market cycle and which phase of it we're in. The market sentiment in my opinion is more important than any TA that you can do.

And given that past bull markets have always peaked around 1 year after the halving, it wouldn't surprise me if prices do run up significantly between 2020 to 2021. The increased scarcity in newly created coins, as well as people's psychology will most likely make this happen.

However, I wouldn't go to the lengths of trying to predict how high it goes. The rallies could be significantly lesser this time round due to the more mature market, and larger market cap, which tends to suggest that volatility will be down and lower percentage gains will be seen. I don't think that 6 figures is necessarily out of the equation given the fact that adoption has actually continued to pick up despite the bear market, and firms like Goldman Sachs are actively trying to enter the bitcoin trading industry, but it's certainly not a guarantee solely based off past performance.

If I am to speculate the spike for this year, we might be looking at roughly $6000 because I don’t see BTC spiking to that amount this year again since the halving of BTC will not occur until next year.

The increase that will be experience this year will just be the normal market doing fine as a result of more users coming into the system but practically, bull run , I don’t see it any time soon, what happened in 2017 was abnormal and that was why it corrected itself, the price was too high  that if it had continued, poor people would have become poorer while rich people become richer because talking about BTC investment, it is only a very reach man than can invest and but over a thousand btc at once.

I understand we should also be positive about our investment but sometimes, we just have to set or expectations right and walk it through the part of reality. Reality is what matters here,  we speculate a lot based on our own opinion and not based on fact or theory.  I see a lot of people shouting $50K, $100K and so on as just mocking the system.

First we need to consider the factors that will push the price up, secondly, you mentioned something about old supply being bought and so, If bitcoin was the only crypto now, I would not have doubted your prediction but after the last bull run, remember we have so many coins that has come into the market all dragging investors to invest in them.

if the first price statistics for bull occur 4 years and later 3 years well that maybe the next year between 4 3 and 2, so in my opinion the 3 year yeah is not the second year not a formula decreases the number by looking at the previous bull and revealing the scale of the logarithm that rise to the meeting point above. I also got expert estimates from experts to speculate through an interview a few months ago the price value can't be stated. by the way are all speculations and maybe not be entirely appropriate

I based this on history we got. Few months after halving again maybe we can see a new ATH. Again this is just my opinion, you can make your own too. This could happen or I could be wrong, no one can predict accurately even those prediction with basis or so they called. I guess others also believe as mine.

That's true, I think it's hard for average people to aim for that kind of amount to invest in. We seen more spikes on the price, and as per observations it was just an attempt of bigger whales. Unfortunately it went down badly after group of small investors dumped their asset back. It showed and confirmed only small investors working on buy and sell trading and not totally the biggest on took a place for that increase of the price. I just hope those whales will soon initiate a much better price pumps so that we will see bitcoin again to arise that high.

no one knows mate what could be the next ATH of bitcoin especially on this situation which is after the spike it always fluctuate suddenly. common reason as well that it become very unpredictable nowadays.  For me probably this is not the right time to make speculation which is soon once it stabilized again back to the 9-10k value to picture the real direction of pattern.

I wouldn't expect anything lesser next,especially with the long time dump.though there are predictions that it would be better than then. But at least, it should not be lesser.

Hard to predict my friend, but I'm sure we will spike again and will probably have a new ATH soon.
Predicting a certain period is hard, but if you really want to sell at the timing when the price is on its ATH again, it's just simple, just hold and wait until it arrives.

As stated it is truly hard to predict the outcome, and from my understanding it takes time. The price growth won't happen in the near future. From its existence in 2008, it took around nine years to reach the ath. Further the same could happen, until then the market seems to grow gradually without any peak pumping.

that could be a difficult to predict bro because market now still struggling and have no specific direction because of being so volatile and it's very unpredictable to be honest due to some factors that always occur nowadays after the bump of price . For me on this year maybe 10k value is very difficult also to reach in my own opinion.

do you expect something uncertain?
I don't think anyone knows when bitcoin will be pumped to the moon, there are even a lot of predictions that say that the lowest point in the decline will come back in the following month.
I think the current market is quite stable for bitcoin

The latest tests of 4200 really showed us that bitcoin is still not really ready to any further. If we can't move pass the 4500 mark than there is no reason to get excited about the increase in the price. Yeah, hitting 4200 is a great thing and as long as bitcoin doesn't go to bottom I am happy, the 3200 levels are untouched for months now and as long as we do not go below 3200 I will be happy but being happy about not falling and being happy about going up are two different things.

I am happy that its not going down but I am not super happy about reaching 4200, I am as happy at 3800 as I am at 4200. We need to either gather more whales around and make them all work together to beat this resistance that is keeping us here or we need to create a new hype and bring in "new money" into bitcoin to break that level.

Opportunity comes but once, we hope too much to suddenly believe that BTC will suddenly jump to $20k again within a short period of time. Nah bro, whales took advantage of BTC the last time BTC experience such pump and they have already pulled out, the profit gotten through that last pump is more than enough to cater for 2 generations and believe me, I don’t see them entering the market again for now since bitcoin is already stabilizing and we will only experience such increase again and higher when 50% of the population fully adopt crypto.

yes, the current market price is quite stable, but still in the recovery phase to be able to raise prices again. no one can accurately predict market price movements, but for long-term investors, of course expecting a downward trend in market prices can end up here and in the coming months market price movements will be better than 2018 yesterday

The surge in 2017 is a high surge, and if you ask when a surge like in 2017 will happen again I think nobody knows.

You're probably right dude though with or without a run like what happened in 2017, i think we'll still see another all time high. Well after a long while that is. A slow movement to that level is probably what's going to happen with a lot of dumps in between. A lot of positive things can still happen even before mass adoption.