Bitcoin Forum

Bitcoin suddenly soared this week, with the bitcoin price rising more than 20% in the last seven days, Many cryptocurrency experts and analysts were quick to suggest that bitcoin's rise in tandem with the fall in the yuan means it's becoming a safe haven asset, despite its extreme volatility and no one being able to accurately predict what bitcoin will do next. Do you think Bitcoin can still hit 20,000$ by the end of the year

Sell when others are greedy and buy when others are fearful - have you heard about this statement?
Everyone is predicting a growth when Bitcoin is growing.  :D But do not forget about corrections and fake breakouts.

I don't think it will increase easily to $ 20000. Because the market will adjust prices. That comes from investors being tricked by whales when buying multiple coins at the beginning of 2018 and losing money entirely in 2018.
We will have a lot of waves so we can earn profits in the coming days by trade.

It may happen and i hope that yuan will be plunged even more and more chinese will try to buy bitcoin. If this will happen in every month and i believe 20k looks so easy to be achieved by bitcoin dude.
I hope those countries are prohibiting bitcoin will get plunged on their fiat currency.

predicting the next move of bitcoin is sometime likened to rolling a set of dices, you can be certain which way they turn out. The only thing every smart person can say for sure is that we are having a rise in value long term as adoption grows gradually.Getting some bitcoins at a fair price for long term is something worth considering.

Bitcoin price will increase more, but it will not reach $20k in a short time as we see the price cannot break the higher price and still moving from the low price to high price. We should be worry if the price is down after this because usually, after the price increase, it will get down for a moment and this time, we don't know until how much the price will be down. So it is better to take the profit first before the price is down, but many people still hope that the price can break the higher price this month.

I'm not sure when, but I'm sure btc will reach 20k again. When it comes to the current rise--there may be thousands of reasons for it.

Same question I have been asking too... Can bitcoin see 20k$ by December? Despite the current uptrends in bitcoin am being hopeful @15k$. Quite achievable before December.

I don't really think that Bitcoin can reach $20000 on this year. Its highest price was $14000. Current dominance is 70% and a lot more than in 2017 when it succeed to reach $20000. But that's my opinion.

There's actually no perfect prediction about bitcoin, because of its inherent volatile nature. I would advise that we take profit after some level of increase, because the market always corrects itself after a while. I do hope that we have more steady increase in the value of Bitcoin as the year progress.

we are in new 4-year cycle - and will see much more than 15k by the end of the year

I have said this time without number that; the target of the next bull run is aim or targeted at $20k and any one waiting ath the &50k and above will have themselves to blame. The recent soar of the price of Bitcoin was not a real soar but that if the shirt time manipulation of the market, whenever the price of Bitcoin saor without be backup with volume, known that its will suddenly crash back.

There could have been a reason behind the surge. For a sudden uptrend in trend like this, it is always better you sell to take your profit, else you will see it plunge, just as it has happened between yesterday and today.
It is also possible to for bitcoin to rise above it's previous ATH.

I personally believe that Bitcoin could surpass even $20,000 before the end of the year. Bitcoin has the potential to be much more higher especially due to the halving which would be coming up next year and the great recognition its getting from different countries and organisations.

There are many factor that affects price of a coin the market. One of the main factors is good news surrounding cryptocurrency. There were fears that the US would ban cryptocurrency following its strict measure on Facebook's libra. But no step in this regard followed. It means cryptocurrency has already entered mainstream. Maybe this is a reason behind bitcoin's price increment.

The rise of BITCOIN this week is the slide of ETHEREUM in the market.
I think there are many people now choosing BTC than ETH at this season.
I dont know why but i will choose to hold both!

yes I have also observed the movement of bitcoin prices this week soaring slowly, to reach the price you mean I think it can happen at any time, even before the end of the year or after the end of the year. the most important if you have an investment in bitcoin / altcoin always monitor market conditions so you don't lose the moment to sell

I am very sure that BTC would be worth much more than 20k at the end of this year. So much announcements are coming and will take place till December, so there is no other way for BTC to stay on the same point.

as long as the price of bitcoin on the following day remains stable, it is probable that bitcoin has a high price increase opportunity before the end of this year, I am very confident with the potential of bitcoin, bitcoin will show its exit value before the end of the year can even exceed the price of $ 20,000

i would not feel that as a surprise consider the bitcoin has broken it a few weeks ago, but it looks like the trade war and the down of yuan becomes the main reason to create more strong support for bitcoin. When this situation will still continue and bitcoin can take a lot of advantages from this situation. i hope more people will realize the true value of bitcoin very soon.

I love the way the bitcoin suddenly started to rise on Sunday night. I was teaching some youth about bitcoin, I gave them class work and they all got various bitcoin price quotation and the next day about $1,000 has been added to bitcoin and they were all amazed.

It was not so sudden after the step by step continues upwards movement started. Now we had this jump which was logical continuation after this step by step increase . BUT btc did not reach new high, this could be bad, if it wont do it in near future, there is very good chance btc is going very low.

I actually predict an increase in bitcoin occurs more than this. now it looks like the first stage of pumping and there will be more pumps from bitcoin. Until this year, Bitcoin will experience a great growth. but we must all be careful of the market pitfalls that allow dumps to occur at any time even if the market is pumping.

I think that 20 thousand is a very easy goal for bitcoin this year. we will definitely reach this mark, but also it may be higher

I think in the next 24 hours, bitcoin will head back to 12k region. So day traders should get ready for it. The fall in the Chinese currency is largely responsible for this pump in Bitcoin and I think it can be sustained till it gets to 14k.

If 20k thousand dollar is very easy, we didn't need to wait for more than 2 years after it touched $20k in 2017. The fact we even have to wait and patience when it dropped to $3k.

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Lets not talking about bitcoin prediction at $20k again, even stable on $13k is hard for bitcoin because it always dumped after reached $13k.

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P.S wrong board, this is altcoin section

I also believe that the BTC will soon pass 20k$. Currently the BTC has continued to go up and it has surpassed 12k$. This month, if the market does not collapse, we will see that BTC has reached 15k$

Indeed! Bitcoin is always getting positive feedback from people and consider it as a worth-it investment hub, many new people come to this community and now that we're getting great results and profit would give them insights and positivity on what long-term investing can benefit.

all that is possible because crypto is fluctuative, where prices can change significantly over time without us knowing it. I think this is very positive for fans of bitcoin and altcoin because altcoin will also be affected by bitcoin which is experiencing an increase.

expert analysis can be right and wrong, but to reach $ 20k in 2019 will be a little difficult, because I think Bitcoin has not reached its peak position, and also does not suit all fields of industry in the real world, if bitcoin has already been approved in the real world then the price bitcoin can never be predicted again, it might even reach a price of $ 50K more.

The difference this time around is that people didn't expect this, it happened as a surprise and bitmex wasn't ready for this neither, there has been a lot of talk about how margin trading is only sustainable if the price moves reverse of what people say and even if it goes the way people say it should not be insane so that it could be covered but this seems like a sudden and a huge one so it could be totally unexpected.

When people all expect bitcoin to go up and there is a hype going on and people assume higher prices are given, the market stops because it never does what you expect it to do, why would others let you profit from something obvious when they can instead. However when it goes up unexpectedly that is when the real deal actually starts.

Many analysts expect the price of bitcoin to reach $ 20k at the end of the year. Maybe the target is realistic if we look at price movements this year, with transactions and increasing dominance in the market, I think bitcoin can reach $ 20k

After seeing that the US government saying that yuan's fall is a manipulation, I could somewhat guess what will happen next. The economy war will still goes on and some people might consider cryptocurrency to save their assets despite the volatility. However, doesn't necessarily means that most of people will do that. This bitcoin sudden soar in my opinion is caused by the hype of that news.

Of course, that is absolutely possible. I predict it could reach $ 30k by the end of the year. The war of currency increases, countries must choose Gold, BTC is safe haven. In addition, I also learned an interesting information that North Korea bought BTC by 200 billion USD.

Hope this information can help you make a good reference. Don't consider this an investment advice.

Good luck to you bro!!

The rise is expected, it is one of the most valuable coins to hold, but as for the price getting to $20000 no one can really tell, but very much possible. Crypto space is really unpredictable.

maybe the rising price of bitcoin right now is because of the many positive news about crypto, I hear many companies claim that bitcoin will go up and many support the crypto market. and maybe that's one thing that affects the current price of bitcoin besides it also seems that many investors are investing in bitcoin at this time.

What are you then  saying that Bitcoin will not get to $50,000 in time to come?  Same thing was said when bitcoin value was below a thousand dollars and people were busy saying it will not and will never grow up to a thousand dollars but what are we seeing at the moment.
For those who believe or have the mind that Bitcoin will continue to rise in value should remember that what goes up must come down and what is down today will still go up one day.

I don't know if it is OK to say that these analysis most times aren't really reliable, some whales might just decide to dump or pump it using large volumes. We with low quantity just pray not to play into their gallery.

It's 100% possible for bitcoin to reach $20k before the end of this year if there's a lot of hype from Crypto influencers just like they did in the 2017 bull run.

The trend that happened is quite positive lately. This is a kind of signal that the market is getting better, especially when there is a moment of halving bitcoin. Many predictions that bitcoin will break new records. Wait and see, take advantage of this opportunity by conducting in-depth analysis.

Everyone has long been waiting for this growth.  In my opinion, everything is very predictable for cryptocurrency.  In the near future, Bitcoin will be equal to $ 15,000 after correction.

Safe haven asset? I'm a bitcoin enthusiast but I don't believe on such line.Its would never become a safe haven thing.Predicting bitcoins price on next days or months or years to

come?This had been always the question of all investors/traders/supporters of bitcoin since on the beginning but no one can actually get the precise thing.
Soaring up on weekdays and dumping on weekends seems a pretty normal routine as I had observed.

When BTC soared high especially yesterday, I saw many articles about BTC being a safe haven. Just this moment, the price went down to an extent. This proves that volatility still remains a major characteristic of crypto. About BTC hitting 20k$ in future, I think it's very feasible.  A mainstream rumour can blow the price up. 

bitcoin increase over the past 1 week is not for any reason, but because indeed after almost 1 month the price fell in July, btc prices should start to rise to penetrate the area of 16,000 USD and after that it will penetrate the area of 20,000 USD,
and I believe that BTC can penetrate the area of 20,000 USD.

It the growth of bitcoin still stagnant and there will be no a lot of FUD come soon and im never feeling doubt if the price of bitcoin can reach that rate. people are still accumulating more and more bitcoin because it can be used for so many things. bitcoin is more than only a payment system but it has represented the economic freedom for us from the strict regulation that prevents us to do anything. 20k looks so easy

Many time we predicted bitcoin rises but it always happen when we never expected it. What we have now is pretty good for those that invested in bitcoin when the price was lower. Another thing we need is the stability of the price  so we can put more into it. Bitcoin will continue to rise.

I think with the current world situation is very volatile, so I think this year bitcoin will grow very strong, likely to outperform 2017. Let's wait for that

I think you are right, we really need lots of cryptocurrency influencers to do their work again this time around, I guess people are already used to the ones we have in the market already, in the like of tom lee and few of them, we need notable people to make investment in bitcoin, because that is the only way that would make them to influence the market through their speech.

Aside these influencers, I am also expecting the IEO project to grow very well this last quarter of the year and add its own effect too to the current uptrend just like ICo did in 2017 when many people understood what blockchain  technology was and established lots of projects that were quite attractive to investors. I am also optimistic about the price of bitcoin to soar this year ending.

Hopefully this is achieved. But I think for the end of the year, it's hard for bitcoin to earn or reach $ 20,000.
Right now, I see coinmarketcap, the price of Bitcoin is at $ 11,786.74

Yes bitcoin shows a bullish trend , I think it can continue further , as the market began to recover , and I think by the end of the year we will be able to reach $ 20,000 for bitcoin.

The price of bitcoin is still on track with my predictions, I said that we are going to see a moon in the price of bitcoin, though at the third quarter of the year and this is the same experience we are now having in the crypto sphere, there was a balance in the pricing of bitcoin between $9500 - $11400 and now we are beginning to see an increase in price which might drive the price of the coin to about $20,000 before the fourth quarter of the year ends, so my advice is to those who don't own bitcoin should try getting some for themselves in order to make a reasonable amount of money.

Right now prices are falling below $11k but some people are suggesting to buy more around $10,500 levels with the short term target of $15k. Lets hope for better things to happen around bitcoin markets as I am personally expecting markets to test a new ATH in coming months.

Today makes it barely a week from your post and Bitcoin is in a free fall again.  -  8% withing the last 24 hours looks alarming, but there is no reason to conclude that will stop bitcon from reaching the $20,000 you predicted for before the end of the year.

I read many different cryptocurrency news portals where opinions are published on this subject. Based on which I can conclude that no one knows exactly what will happen to the price of Bitcoin at the end of 2019. I would like it to grow strongly, because if Bitcoin grows in price, then altcoins will also someday start to grow in price.