Bitcoin Forum

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/ (https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/)


My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio
• Brexit is a mess and this only helps Bitcoin
• The trade war is a mess too and this only helps Bitcoin
• Price patterns favor a $20,000 bull-run by the end of the year
• There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

I think the main cause of a $20,000 bull run would be the collapse of the Indian rupee

Boris Johnsons screwing up the british pound. That's why Bitcoin is going to hit $20,000

What do you mean by “the collapse of Indian rupee “?anyway I’m not from India that shy I have no idea about what’s happening to their economy

---

About the thread?2017 is too far from what 2019. Did so the chance of hitting 20$k before  2020 is unbelievable and surely misleading maybe better say in 2020 may Halving

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Well, this can be because the overall sentiment of the market is not really that effected with those issues. I am sure what are the issues that can help prod Bitcoin back to the $20K level but we  are all hoping that soon developments in the global arena can be catalysts for a big bull run. I am positive that things are gonna be different in 2020 but for now there is only a very little hope that towards the end of 2019 there will be a major uptick for the King of Cryptos.

I doubt it will hit $20,000. We might see a bull-run up to 15K, but doubling the price of BTC is too much I think

2019 is going to end and only 3 months left. According to the calculation there is not much time left. I am a little bit confused with a short period of time it will raise up to $20k?

I don't believe in such price for this end of year, I already did a thread asking to people if they are ok with 10k USD price

Maybe we have to accept that not every good news will influence the price as we want, maybe the price will be the same for some time

I'm ok with this price, I want 20k USD for sure, but it seems so hard to hit and the days are passing, we are already at mid september...

all true, but also most of these points have been true all along. for example adoption has been increasing all this year like last year even though price wasn't to most people's likings.

as for $20k this year, i highly doubt it because reaching the previous ATH is always challenging due to the bigger than normal resistance that shapes up near that point. you can compare it with $1200 in 2017 which was the previous ATH of that time. it took a long time to get close to it and break it down.

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

3 months for bitcoin to reach $20000 is not short, in fact that is a very long time. We have seen the price up and down for a quite long time. If you can still remember back 2017 it just took 4 months to reach its all time high price roughly $21000, and that's the time more people come over the cryptocurrency. Maybe 2018 is not bitcoin's year, maybe this year or also not but don't let this matter affect your interest, time will come that bitcoin will be more than what you think.

Agreed, the growth took place in less than four months time during the previous massive bull trend of 2017. Right now we're in the ninth month of the year. We've got three more months to end the year. Following week there is more chances for growth as the Bakkt launch is scheduled for 26th of this month. During 2017, the growth took place in terms of $1000+ regularly. This way if the growth gets ignited reaching $20000 could happen even within a month.

We know the big bumps comes always on December, so, ig bitcoin has been around $10k almost all the year then the chance to see it at $20k isn't hard at all. I think we will see a price higher than those $20k so, let's keep holding because this rocket is going to hit the moon.

Another good signal for the bump is the number of involved people in the cryptocurrencies, while more people the bumps goes higher.

It seems like a realistic prediction, IMO. Bitcoin made a huge step forward this year and the price doubled in months. So why would not it double again? However, I think that it would be more realistic if it was about 2020, not the time before 2020 (which is just 3 months, and the summer showed the price can stay the same for a while). As for the reasons, FOMO, unfortunately, is most likely one of them, whereas I am not so sure about Brexit affecting the situation. Another question is for how long Bitcoin will be able to maintain the price level of $20k.

I agree. Much more realistic than the $200k predictions in one year and those who try to predict the price in five or ten years time.
If this happens, it would be surpassing the current all time high, I was very optimistic of that happening a few months ago, but not so much now. It's very possible, but by my calculations, I do not think we would reach that mark this year.

True that $20k is more realistice but at this current market state and the months needed for it to meet that price, I think it is kinda hard.  But we all know that Bitcoin market is unpredictable, it can rally really high in a matter of a week if there is a good enough catalyst to start that rally.  And so far the only good candidate for that catalyst is Bakkt, which will be launching on Sept. 23. I think if Bitcoin price goes up to 15k on mid october, it is possible for Bitcoin to reach $20k before 2020.

I appreciate you sharing this analysis!

If this is manage to be achieve by end of year it is there will be a serious bull run within the next 3 months to come and I hope our beloved alts won't be left out on this race as well, only btc dominating the whole market won't be fun, anyways,  let's hope the above analysis is a bit accurate enough to see that amount.

And I think that we can easily reach the level of $ 20,000. Since in 2020 there will be a bitcoin halving.

why stop at 20K by years end?

why not 40k ;D

It's impossible. Bitcoin dominance rate keeps growing, which is good for the Bitcoin holders, there was some great news about Bitcoin, Bakkt already launched Bitcoin and Bitcoin may have halving, so there was a hype about it. But 20K USD in the next three months? Absolutely no. We can see BTC at 15-25K USD in 2020, not before that!

Yes lm one of the people expecting for the  price of bitcoin   will reach up to 20k this coming year. I do hope that it will grow fast soon. This is the only hope l l can earn more than l expect. Like the latest bitcoiners in 2017 some become  millionaires quickly created by bitcoin. So its my dream also to have a chance to be rich also.

Well, No one really knows where it iwill go and when it will go, so it is early to say if it going to hit $20,000 not saying it can't hit.

Apparently we are in Q4, just 3 more months before the end of the year,  currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year,  perhaps by 2020 we might see bitcoin at $20k and beyond

Diversify is always good, i guess that increases demand. Of course NOW that they see everybody else doing it, is too late for "great profits", so also expect some of those people getting disillusioned for not going rich "overnight" like some pioneers did and leaving halfway (losing) instead of waiting for long term.

Brexit is a mess for whom, British or Europeans? Which fiat has the most to lose, the GBP (£) or the EUR (€)?

"Trade War" to me is just Trump's tantrums as it only affects Americans. Not sure if that will somehow make them buy more bitcoin. The Chinese have very little to lose, and have been one with the most bitcoin enthusiasts worldwide, even with their government opposing this.

Pattern seems to be a healthy stay in 10k consolidation phase. If if goes up, it would be nice that it didn't go that much up, but slowly. If it does reach 20k i expect a correction afterwards, because it would have been too much, too quick (again).

FOMO is eternal, so any random "analyst" can always paste that at the end and look "good"... Most people have already missed out, it is too late.

Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much :D

We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible.
I'd probably give it 50/50 chance.

I think it can be more than $20k. As it hit $19k before so we can not hopeless to hit more than $20k in 2020. Day by day more people knowing about BTC and connecting also. so be sure that more good news coming in recent days and we all crypto lovers should do work behind it though maximum we come here to gain profit.

Thanks.

you are missing the large number of differences. first of all the ATH in 2013 was mainly a manipulation by one exchange that was controlling more than 85% of the trading volume of that time called Mt Gox. secondly price was already on the rise and ready for that shoot up. there were also a lot of other reasons such as release of ASICs,... that led to a bigger rise.

in 2017 price went from $8k to $20k in less than 2 months. again the difference is that price was already on the rise for nearly 3 years starting from $150 and that was the final stage of that cycle. compared to then, we are now in the first steps of just having come out of the under price low of $3100.

 ;D maybe because US dollar is holding it strong. People still hold the dollar. Thus, a major dump can really bring bitcoin to a very volatile move.

Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.

Let's hope it breaks the $20K barrier quickly when it starts rising and don't keep just below that mark. I think $20K is also a psychological barrier. If that's breaks it can grow bigger

Although I doubt to see the price will hit $20k this year, it could be possible as what we saw in 2017. Who knows, bitcoin price can increase step by step from the lower price to the high price because we don't have any sign about when the bull run will come. All we can do is wait for more, and if the price can increase and hit that price, I am sure that we will make the biggest profit like before.

We still have much time to see bitcoin will increase to the highest price, and if we analyze the price for a long time, the tendency of the price is increase but we don't know when it happens. Maybe the only things that we can do are prepare for the coming, so we don't miss the chance to make a profit. One thing that we should remember, the bull run can happen any time.

It is possible for that to happen since bitcoin's price is very unpredictable because of its volatility. We may not know when it is going to happen, but for sure history will repeat itself and bitcoin would make another All Time High price, for those who are holding their coins, expect that your patient on waiting for the right time to sell would be worth it. Others predicted that bitcoin's price would soar up even more than $20,000 as the year 2020 passed by, I don't know if that is true but there is only one way to find out.

I'm just working my ass right now so that I could save bitcoin and other altcoins as much as I can for the bull market, the more I save, the more I earn big profits.

There is a big possibility that bitcoin reaches $20,000 this year. Maybe 40% chance. The Persian Gulf is another issue that could help investors resort into bitcoin where no government controls.

Hopefully..and for sure i am the one who really still believe that bitcoin will have a chance to increase the low value price of bitcoin now. Coz for now only prediction's are the one who's still running in the market. So hopefully bitcoin up's and hit the 20$k before a year end.

The collapse of INR won't make as huge difference as the collapse USD would. I usually don't do this but I just thought of doing it anyway.

https://talkimg.com/images/2023/05/16/blob90356edf2f4e8082.jpeg

Brexit and US-China trade war has been brewing for years, but we haven't seen any positive news on the price of bitcoin. So I'm not buying that because we have looming financial crisis in the corner, it will equate to the price pushing to $20k levels at the end of the year.

FOMO is already inside, specially when we hit the $10k. If there's FOMO, then we need something very positive to come in the market, so far we only have the Bakkt news, less than a week from now but still we haven't seen the FOMO as others have been expecting.

Bitcoin has all it takes to hit $20k before year-end. More and more persons have realized they have been lied to by the big banks and government, hence they will see bitcoin as a better investment option than traditional fixed deposit that would get wiped off by economic inflation, coupled with coming economic crises.

FOMO has always there already and it is on its peak last 2017 when it pushed the price of Bitcoin to $20,000 and the chances of it to happen again is increasing. It happened months ago when Bitcoin went to $14,000. I know many got FOMO'ed at that time and some of them are in a loss right now :D.

Well, anything that is based on the charts is considered a speculation but the chances of it to happen can be increased thru charts. Bitcoin to go up to $20,000 can happen before 2020 but maybe not. I think it is a 60-40 chance that it will happen :D.

In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.

I think it is more because of Halving rather then the list you have mentioned.

I don't disagree at all. But I rather think it's equally as probable and just as much backing to also reach a price in the opposite direction. Furthermore, it's already been at $3k this year and last, it's hardly a stretch to make it back there and then make new lows from there.

I'm hoping it won't happen (or if it does, just so that guys like me get our fill!) but hope has a funny way of being irrelevant in the game of price!

Yes, I do agree with you. What I meant was, that currently the price is ~$10000 doubling it within end of the year that to with the factor of more people knowing it is not that logical.

Hope you got me right.

BTC is in a league of its own.We need to wait for latest market news (https://www.coincurb.com/news/). I think global crisis can be a key factor for BTC to reach this target of $20,000 before 2020.

Ok so we are three months to go before the end of the year and so far Bitcoin is still trading at $10k level just the other day it went down to $9900, we all wants and hoping that we get past the $10k level, we're having a bad months the price has been stuck here for quite some time.
What I'm saying is, if we are to go to the $20,000, next month will be a good indication, so let's see everybody's hoping

A global crisis is not good for all of us even if bitcoin goes high after that, not all people know how to use bitcoin and if there’s a global crisis the price of the basic commodities will become more expensive. Bitcoin will rise in time and we don’t need any crisis for that to happen. I set my time until next year, for sure bitcoin will make a new ATH next year.

That would not be my bet. It's possible though. We aren't in such a strong wave right now and Bitcoin looks like it needs some quiet time after going from 5k to almost 14k.
We might see a dump back to 6k before we enter another stronger bull run that will get us near 20k again. This is how I see it, but it's not how iht has to happen. It's still a good idea to invest this year.

If everybody is expecting for a halving, it does not mean that this halving will affect the price of Bitcoin. The event is planned for spring 2020, and before, many other events can happen. We cannot make now these predictions about Bitcoin for 20 thousand or more. Evidently, it will reach this amount, but the time, when it can happen is unknown even to the best cryptocurrency experts.

$20,000 by the end of this year? well we are half way there. Those key points you have OP are same opinion as everyone here who believe that the market is likely to rise due to those factors.

I'm optimistic about price predictions as long as it is realistic. We've been at the bottom from this year up by more than times 3 and went down a little to $10,000 as it looks stable there. So it might happen but it also can't.

One of the reasons I believe it's to hard to hit 20k again is the fact that in the peak a lot of people sold their cars, houses, took credits to invest in BTC, this was insane and worked, but these people who bought at more than 15k probably took their losses, sold BTC and will never buy back again

I'm almost certain that Bitcoin won't hit $20,000 before the year's end. In fact, it could be a while yet before we see those kind of numbers again.

I must have to agree with you since the market is not really in the mood to change course to what people are expecting. The stability of Bitcoin this month is very strong to the point that breaking any resistance is very hard to achieve. We will have to trust the market in 2020 because I have a feeling that it was the time that we Bitcoin enthusiast gonna see what we are waiting.

We can"t close the possibility that bitcoin price will go higher in year 2020 because as of now we know that the price is volatile but always have possibility to increase. So maybe this time is our opportunity to buy but of course we need a little careful because we know how volatile in the market right now. And if you see some resources of news, they really stand by in the price of bitcoin because they believe that bitcoin price will hit the new highest price again.

Such prediction is in the light of expectations that Bitcoin price will rise as the year goes to the end. Although there isn't any solid proof that end of the year brings price growth.
To my opinion Bitcoin will not reach 20000$ before 2020. This is a high jump and we would need a constant growth to achieve that but I don't think the market is ready.
I think that price will stay in current range, more or less, if tge price reaches 15000$ that will be a huge success.

We can't possibly know what will happen before 2020 but we can take a look at previous years and previous highs and just assume what could potentially happen, looking back on what bitcoin has done so far in its history I think the realest option would be going down a bit right before Christmas and then suddenly go back to these prices and even a big higher. So, my assumption would be 8k or so at Christmas time, 12-13k at around january, and then 15-20k during 2020 summer.

Now, I am making this up because there is no way of looking at its history and predicting its future, what happened happened and the future is bleak so I am just guessing here and could be devastatingly wrong but that is why I think will happen based on what I have lived in bitcoin world so far.

Anything can happen with the volatility of bitcoin, But that volatile strength is not right with Bitcoin at the moment, I guess it is because of the upcoming holiday season and the changing years that the impending December is a total waste of money because of the holiday season, and in my opinion, is pretty much high enough for the price to go that far in my opinion and may need something positive for the price to reach that high, Or whale to trample with the price again. 

It is possible to happen, because people will start to accumulate and wait for higher price. Maybe it is better to make an target when to get out (take profit) because when price pumped a lot, it will only need time to get dumped again. Hype about 2020 halving also can be something that will really affect on bitcoin and altcoin prices. I will keep positive mind about bitcoin at least until halving.

If you’re only looking for 4 digits to  accept that recession must happen then $9 is enough I think?and if that then we have already passed this price couple of times this quarter

$20k is no far to happen if may not this year atleast 2nd quarter of 2020 is the longer waiting frame for u to hit this dream as 2017 almost reached the said price

Resistance is still intact but I do believe it might go near that number.
Let us say 16k before the end of the year.
That will be good enough for me.

But as you said, one key is FOMO which will happen maybe mid November and expecting for another ATH.
Money will flow faster and bitcoin price will be fluctuating non stop.

Their is a possibility indeed once more demand continue to rise by year 2020 price of btc could reach higher. A lot of things can happen in bitcoin that may surprises users so I am excited if btc could surpass and reach bull run by that year.

Okay, that could really work if all of it will happen specially those who are fearing of missing out.
But during December 2018 it did not happen.
A lot did expect that history will repeat itself but it did not.

Now, a dump is happening again without any good reason.
But it could be a preparation to buy cheaper before the year ends. So, your speculation could come true and I bet a lot of users here are hoping the same.

Negative things have been happening every year that I can remember for decades and it doesnt have to boost anything else because of it, it might just be a negative and less trade is done perhaps.    What is really needed to see a boost is the alternative currency option of BTC is genuinely offering a pathway for trade that is blocked elsewhere.    Brexit is largely just politics, ultimately the EU wont block trade with a nation that buys alot from it, they'll have to work out a deal to exchange goods just like EU does with every nation.  It would quite difficult to justify cutting off a nation that had exact same rules for decades and has only slightly varied while leaving the union, to say we will not do trade now would be a deliberate block not applied to any other nation and nonsense.   That scenario is self damaging as less trade done is less jobs within that nation.    
  How BTC can help with a political block of trade I dont know really, BTC is best suited to resolve digital goods rather then physical things like cars which are slow to transport anyway.

So 20k because negatives occur doesnt add up to me.   Most likely is inflation causing loose pricing in lots of assets, that is a negative from failing currency but its a gradual effect usually and there are many varied alternatives to FIAT, many assets besides BTC.

the potential that can occur in 2020 is different from 2018. I am pretty sure the price of bitcoin can be approached, or even past the price of $ 20000 in 2020. Well, there is no special development that occurred in 2018. In fact, there is a lot of bad news on That year, like Facebook, Google, Twitter, and China try to banned bitcoin. because of that, the price dropped quite far. however, this year and 2020 are different. they began to provide an opportunity for bitcoin to develop.

in addition, the price reduction that occurred at the end of this month, this is common. a few months ago also showed the same pattern at the end of the month, prices always dropped, then at the beginning of the new month prices will rise. I'm sure a pretty good increase will occur in the rest of the month this year. I think we should remain optimistic about this  ;).

It's not a serious dump, bitcoin is not strong and stable I guess since if it will dump, it will not dump below $9K and it could easily recover.
There's still 3 months left in this year, and that's plenty of time to make a good run and if bitcoin will just end over $10k this year, that's already a great achievement as we were just at over $3K at the start of the year, its more or less 200% in a year, not bad..

$20,000 is a big dream now, but I'm not saying it's impossible as during the last bull run, btc make a an ATH in less than 3 months, so we need a history to repeat itself to make it possible.

The more the time passes the less chance I see it happening, I mean I totally believe that there is still more than 1 year left in 2020 which means bitcoin could still go to $20k but how long do we keep that faith? What if one day we wake up and bitcoin still is at like $10k and it is summer of 2020, will we really keep believing that it will become $20k in the end?

I doubt that is the case man, I still think that bitcoin will be basically $10k at the end if its like that in the summer. However, if there are some changes and price starts to go up than I will gain that faith back and start to think bitcoin is still going for that $20k before 2020, it all depends on what bitcoin will do in the next 6 months for me, no moves equals me losing hope but some good moves equals to me regaining hope.

Bitcoin is staying under $10k at this point, so no, definitely not $20k before 2020. We're witnessing the failure of bitcoin to "take-off" after nearly 2 years from its ATH, which just confirms that things have finally settled in. The price will never go above $20k again, and 5 years from now we'll be able to look back and see that from the $20k high it was, on average, all down hill from there. Sometimes it takes a long time for something to die.

This is a crucial year for the user of bitcoin, because there are many good news which can be use as a benchmark to stay hold or to buy more.

These points that you mentioned on the OP most likely will be right at the end, new investor will pay attention to bitcoin since the conventional investment will have a high risk because some regulation and end up with recession, I believe it will happens.

So, there is no a good way expect we should keep our bitcoin although at the current situation is going down but it is just for a while. Bakkt affect's not seen yet thus far and I just thinking that the price of bitcoin will going down first and after that we can see its price will pass the ATH last years.

Where did you get this assumption?as if you really holds some Bitcoin on your wallet?

Thousands of people here are still holding bitcoin waiting patiently for the right time to profit and now your claiming that your the only one who’s believing bitcoin will reach 20k$ again?lol watts joke

After crying in your thread here

https://bitcointalk.org/index.php?topic=5187178.0

Now you are spreading ”FUD” in other thread ? I’m wondering how much have you lose in investing that’s why you are so eager to make people believe in your statements?

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

That's pretty doable this year, $20,000 in the past quarter sound hard but its not impossible.
People can spread what they want actually, this is a free market, and we can see more people like him, not because we are in the forum we all have the same prediction, if they believe it will dump to $2,000, that's their own prediction, besides the market is so unpredictable so we cannot control it to happen.

When people spread FUD, it will result to a healthy market, because when they fear, the smart will take over and will buy their dumps, and eventually we don't know we are creating a stronger community that are willing to hold and wait, and that would make bitcoin stronger in the long run.

It's hard to predict $ 20,000 by the end of this year, we all want it to happen but experts say this won't happen, they say we don't panic FUD is being spread and we have to find the right information.

Those presumptions are unrelevant since as stated we cannot predict the actual price for it and we shouldn't expect to much on it since there are lot of things will happen  at that time and there are things that needed to consider, and it's best to guess on actual flat rate since it can possibly reach to our expectation and let see what the real score will happen in future.

Now again BTC price changed and dropped a bit, I have zero belief that bitcoin will be $20k before 2020, I used to think it is bitcoin and it could literally do whatever it wants whenever it wants but as it looks there is really no reason to believe bitcoin wants to go $20k.

I mean when it wants to it can totally go there, it all depends on public reactions and hype people built around bitcoin and bitcoin being on mainstream media etc etc but from the looks of it that is not gonna happen. It means bitcoin is not going anywhere near $20k and I am not entirely sure it will go above $10k until 2020 neither, maybe it will stay here or maybe it will go down which means its looking awfully dark in the near future for bitcoin. I personally wouldn't buy right now, not for a while at least.

Most of your points are correct however all of them have to do with fundamental analysis and while fundamental analysis can be a great way to find the general direction that a market may take it doesn't really tell you when that will happen which is what we all want to know, if that was not enough the recent crash in the market that we have experimented doesn't really favour your theory however it is obvious that at some point bitcoin will surpass its previous all time high.

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

Lol, I think bitcoin price will reach $20,000 by the end of the year 2020. People underestimate the bitcoin journey to $20,000 I don't know why but it is not going to be quite easy though, it's still a huge milestone - Bitcoin has a long way to go.

The chances are very very low as the recent market clearly seems to be a bear market, I am not saying we are in bear trend but still the situation looks complicated. I don't think there are possibilities to touch 20k by 2020, as a lot of challenges are moving across the crypto market as centralised coin/ new projects are focusing to dominate the market.

Maybe the number of people who buy or do investment in bitcoin will really affect the price to increase but there are only 3 months left before the end of this year 2019 and the price of bitcoin is still around 7000$-8000$ and maybe it will face some challenges before it hit the price of 20000$. I still hoping that before the bitcoin halving next year the price of bitcoin will hit the 20000$ so after the halving it will surpass its all-time high price.

We shouldn't imagine such ''bitcoin hitting $20k before 2020''. We're in Q4 and bitcoin is still struggling around $10k. I would have accepted and believe it easily if that you assumed that bitcoin will hit $15k before the end of the year. Am expecting bitcoin to hit above $20k next year not this year

The price of bitcoin does not mean that you need to have a price well above break even profit for miners, finance does not work like that and that is the case with bitcoin too, the miners does not control the price of bitcoin to think like that, there was a time when the miners were at loss when the market was well below $500 a few years back, so thinking that the price of bitcoin has any relation with the profit miners get is just bogus.

If there is a big rally it is not that hard to catch these valuations in a short period of time, bitcoin has shown those in the past and it can happen in the future too.

Bitcoin reaching  $20k before 2020 is a long blurred shot even though i know how volatile bitcoin is. The market has crushed way hard to rise up that sharply. However, this is quite achievable after the upcoming halving of bitoin rewards. We have seen the price of bitcoin going higher especially after it's halvings. Let's wait patiently and see what happens by the end of 2020 and not before :D

No, we still faced the bear market until now and in fact bitcoin price fall so fast recently. All coins go down while btc declined it's value, so it's very important to focus on holding our asset before $20k will be reached. I can't predict the actual price for 2020, but if that's the trend after long bearish market it's always potential is there to withstand.

I wouldn't be so sure about this. $20k dollars is just $12k away especially when we look at broader perspective and previous historical performance. After all of previous crashes we saw a pretty significant price recovery and then after recovery phase there was many people literally throwing money at crypto exchanges

20k won't happen.we will see a prolonged pullback until a latent bull trend starts . pump of today does not mean uptrend , Will have to wait till 2020 or 2021 before they entertain running it up and pulling again

if calculated from today, I think we still have three more months, this is still the beginning of the month. but, until now the price of bitcoin has not shown the development of prices that are high enough, even under $ 10000. I might argue that the price of bitcoin cannot reach the price of $ 20,000. yeah, that's quite difficult.

but, it is possible that the price of bitcoin can be in the range of $ 10000- $ 15000. however, I also think that the price of bitcoin could reach $ 20,000 by the end of this year when it sees price developments in the last June-July 2019. however, the current price achievement is beyond my prediction.

Maybe if libra will launch this will spread cryptocurrency awareness on everyone in the whole world, Also, china is tokenizing their national currency is big news for the crypto. But with the current progress, the libra launch got delayed by the regulations. But we have one good news bakkt is live now but the impact is not that much. Well, bitcoin prices are not based on news.

When more such price predictions were taking place around the globe, state backed German Bank have come with the prediction of bitcoin reaching big of $90000 compared with the growth of Gold. This prediction is made upon the stock to flow ratio, which is calculated to be similar to the gold close to the days of May 2020. This means the days around halving, which gives the confirmation that growth will happen for sure.

I hope so, but the fact that even if we did such profound analysis still there's a high possibility that it won't happen basically because the crypto market is unforeseeable. All I can sure about is that bitcoin will hit again the $20,000 but the date is vague. I had read a lot of speculation together with some analysis but unfortunately, most of them did not come off. It is not bad to have your speculation but don't just trust it since it is really vague to follow with.

That's a lot of perspective involved.

If I were a miner, and heh, I know I'm not, I'd be selling all the time, but especially stockpiling for massive price swings. I'm almost certain most big miners were wise enough to recognise the tops, and sold most if not all during then.

They're still sell at 1k or 2k, just as they were selling at 3k last year and this, just only enough to get by.

What miners do at sustained low prices is simply shut down.

Maybe up to $100,000. Since the supply is fixed, the number of coins on either side of market price is not going to change much over time. What will change is the number of independent people or entities who control the orders either side. This essentially means dispersion of coins. At some point in future, a person owning BTC100 could be a whale. But the impact of such a whale would become smaller and smaller as coins spread into more and more hands. That's how BTC will gain in price because even at more than a trillion market cap, spread out ownership would mean there aren't too many overextended folks who will start dumping to take profits and protecting their Networth. Price will still move but less, because single individuals won't have the power to make big market moving orders.

Just my two cents, I don't think Bitcoin would make it to $20,000 before this year end. Same thing happened last year wherein the market was dominated by continuous downfall, despite of the expectations, the market value still did not meet the expectations of the majority, which I think is nostalgic. This would only be possible if a miracle would happen or something would trigger the continuous pump but ofcourse, we should keep in mind that we are 3 months away before we enter 2020. Better not tempt yourselves and stick with holding still.

Don't forget the Bakkt launch hype and the Facebook Libra effect should be taken into account. Now people are dumping coins for profit after the Bakkt launch. I think the bitcoin price got pumped because of two things which are: the Bakkt launch and Facebook Libra ICO. The Bakkt is launched and Facebook Libra has no official date of the ICO/IEO  

We need to survive 2 more years whether bitcoin will reach 20k in 2021? but I think 2020 bitcoin can reach 15k after the launch of Libra in 2020.

I am completely sure that the halving will have a positive effect in the price of bitcoin, but people forget that the halving itself is not enough to produce a bull market, we need positive news coming from the developers about bitcoin and important announcements about the growing adoption through the world, this is why I am doubtful that we will see a price of 20k in 2020, I know that we got close when bitcoin surpassed 13k but soon afterwards we got to 8k and there is still a strong chance of seeing a lower price than that.

No, it's impossible. Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.

That price was too expensive if we're going to see it this year, because it hasn't fully recovered from falling. This October more traders expects rising trend for bitcoin, but it was just a slow movement that's going to bounce again to coup up several losses. There's no exact date for $20K to when it will be achieved, so far we're heading to that but it needs long term waits.

Yeah, that doesn't look like it's going to happen by the end of the year, although it is a good thing that bitcoin at least rebounded to $8500.  I'm happy with that.  Next year I'm hoping it does at least approach $20k and that buying picks up over the course of the year.

There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

Well, we're all guessing here--it's all we can do, since nobody I know has a functioning crystal ball.  lol.  But I agree that there isn't enough time left in the year, nor enough momentum for bitcoin to even get close to $20k.

Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year.  It is also very possible that the value might also drop to $5k.

Halving can be something that really change price of bitcoin in 2020. But in otherside, like what you said 5k can be possibily happen if people's expectation not fulfilled because of halving. But bigger chance that bitcoin price will be increased.

what does the Indian Rupee collapse needed for this to happen?sounds very frank and unsubstantial mate .

---

if this prediction happens then i am closer to win the 4rth quarter prediction contest .but i am very positive that $20k is near to come but i don't see it this year

Bitcoin can't even climb to 15k usd and thats my basis on why we wont achieve this target soon.but in 2020?halving is near so why not?

I think that by now everyone is aware that this is not going to happen. Looking at the market analysis and patterns it's easy to see that is not going to happen, no matter that Bitcoin could be full of surprises.
Also, for price of 20000$ we would need continuous and fast growth starting now but it's much more likely that we will experience another correction.

He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.

Chances for bitcoin to reach $20000 before 2020 is very small. This is all because of the prevailing market situation, even now it can move forward and reach $20000 same as that happened in the past. Comparing with the past charts it doesn't have the right momentum for such a hard push to reach the $20000 price.

Often whales manipulate the market, but this is much of a buying time. Large volume holders make use of it buying as much possible, keeping in mind the growth predicted for the halving 2020. Market change takes place in no time, yet this time over the falling months there is more chances for sustained growth than large scale growth.

I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving.  It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.

By the end of the year is what OP is trying to figure out the price of bitcoin not first quarter of next year,  bitcoin movements has been unpredictable,  everyone wishes to see it above $20k before 2020. But is it really possible,  as for me it might and it might not,  but by 2020 if there is no Reoccurring  negative news, we gonna surpass it's previous all time high

But we are more then a half year before halving and only 5% drop put us under $8000.  I believe sub $8000 is very possible. Sub $6000 are already much closer to impossible then possible.

very very unlikely to hit 20.000$ this year , for it to reach this level  something extraordinary must happen
we should be happy with the support at > 8.200$ , if the year is ended with 8-9k range would give a good base for growth before the halving
we all know how volatile bitcoin is and it reacts immediately to even moderate trade volume increases , both ways
so 1-2.000$ price difference can happen in a matter of hours
I definitely expect bitcoin to break ATH 2020  and not only because of the halving - IMHO ,  the time has come for it to attract corporate investors and move on to another level

Actually, the present price of Bitcoin is too low when the FOMO is very high. Bitcoin price should be crossed by 20K USD this year, but yet the price growth seems very slow. I heard many predictions that BTC price will hit 10-12K USD in October, but today is 14th October and the price is not about 8500! Overall, I want to say, 20K USD is not possible this year with this growth!

It don't seems possible to me that price of bitcoin will reach $20k by the end of this year as we have already entered the Q4 of 2019 and only three months are left and prices are still around $8500 at the moment and there are less chances of surge upto that level but predictions have been made earlier also but they prover wrong.So we might see $20000 next year.