Bitcoin Forum

Bitcoin going on the major bull run in 2020 - #COVIDー19 has accelerated Bitcoin’s maturation as an asset which is high of about $20,000 this year and may even reach a new high of $28,000 BTC  ;) What you thinks guys? ??? :)

I hope so, hoping that bitcoin could go up and up, but as a normal person we can predict the accurate price of the bitcoin in the future, even though this person who is known then known about fiction cannot say it as well if you have seen so many tweets about the prediction of the bitcoin do not believe them, there are many tweets about the price of the bitcoin on Twitter and we cannot tell that they can say the correct information about the upcoming value of the bitcoin. When the price of the bitcoin moves up to $10000 you would see so many tweets about the prediction of it.

Where the heck did you get the $20,000 and $28,000 price predictions though? Your magic crystal ball?

https://media1.giphy.com/media/l2JJu8U8SoHhQEnoQ/200.gif

Y’all calm down with baseless price predictions. The price is fine the way it is. We ought to be seeking wider adoption, and not miraculous bull run.

We hope bitcoin price can hit more than $20k this year or next year, and yes, bitcoin has a big chance to go to that price. But we need to enjoy the ride for a while because the price now still below than $10k. The bitcoin price needs to increase slowly or faster to break the higher price, and no matter what, the price will break $20k soon. But we don't know when the number $28k will be reached, and we can only wait for more while we can try to buy and sell to make more profit.

Just another speculation keep coming and can I ask you this question? where did you get these prediction since I don't see any reliable support on this claims so maybe post some TA or whatever proof you have so that we can see this things are true. I don't see that we can go for that far this year so maybe lets step on closer looks since we might gonna end up chasing those figures if that will not hit up.

Do you have your technical analysis or explanation to backed your prediction? Otherwise how would we trust on it? We are seeing positive movement on bitcoin price even there is global crisis ongoing. So I am only expecting major bull run would happen if we found a solutions for COVID-19. Because we can't expect normal global economy before cure of COVID-19, so after cure from it global economy will bump for sure and we may expect real bull for bitcoin as well. There is no other big hope except it since halving already passed and we haven't seen any impact of it on bitcoin.

I believe OP is referring about Bloomberg prediction (https://www.google.com/amp/s/cointelegraph.com/news/bloomberg-bitcoin-will-approach-record-high-of-about-20-000-this-year/amp) which is said Bitcoin will reach $20.000 or possibly reach new ATH $28.000 on this year. It's not suprised Bloomberg is very bullish about bitcoin, and always give good news about bitcoin. $20.000 on this year is possible according his explanation, but I don't think how accurate his prediction. IMO the prediction is too early, we need to wait what will happen on the next covid-19 wave around 1-3 months.

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Anyway this thread has been discussed before Bloomberg: “Bitcoin will approach record high of about $20,000 this year” (https://bitcointalk.org/index.php?topic=5253319.0)

so far prices have remained stable at $ 9k. if there is an increase in prices then it will happen before the end of the year. I honestly think that the bull run will also happen soon. however, a large increase could have occurred in 2021, not this year.

I love your optimism OP but I think we’ll have to wait until 2021 for those kind of prices. It’s usually a slow grind after the halving & the real explosive moves upwards happen the year after the halving.

I also want those figures especially, I think most of us want to get in all-time-high or even surpass it. It's good and nothing wrong there.
But it's kinda difficult to get disappointed, so we should also consider the current analysis; technicals or fundamentals. We can reach there, at the right time and right moment.
For me, in this current year, it's difficult. We need more time.

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Exactly. The price is running correctly and whether it goes down a bit or not, it's still fine. Just remember the month of March and how bad it was for many of us and thought that it will be another bear market. But look, there's a quick rebound and price got into a better place.

Dow Jones is down for today and as we have seen, bitcoin plummet too. I'm not saying that there's a connection but most markets are starting to act the same for the meanwhile. Looking into the long term and future, just relax, we're all wanting to see a new all-time high.

i think you need to start coming up with better topics, throwing numbers around with no reasons or analysis to back them up is just as bad as those who are saying bitcoin is dropping down to $3k soon. they are both random and they are both wrong even if the price they are guessing comes to pass.
and Covid19 has done nothing to bitcoin and its "maturation" apart from delaying the bull run by causing a short term drop.

You are right.

It is not that bad to predict that high but I guess most of the time other people are being given a false hope they might hold unto and be disappointed when that time never comes. Bull run or not, I will be holding the same Bitcoin no matter what. What I think is that it is better to be calm and patient since that will give you a good profit in the long run.

LOL at the major bull run statement,  we have reached almost $20k last 2017, so if ever we touch it again this year, we can't call it a milestone. It will take a lot money to pour to get to $28k, we are still in the pandemic and the supposedly institutional money is not coming in yet this mid-year, so I doubt that we will see new all time year. Really funny when people see this kind of predictions in news outlet today then gets excited, then post it here.

I also believe that Bitcoin has indeed been Bullrun since Bitcoin was halving finished, although now the price of Bitcoin is corrected by more than $ 500, I still believe the bullish sentiment is still coming, it's time to buy not selling for cheap

Bitcoin is pumping and dumping  too much after the halving and no one is able to make the right prediction of bitcoin next movement. I think it is very risky to trade in bitcoin and altcoins at the moment. No one knows if bitcoin will move to 8000$ form here or pump to 12000$.

Are these accurate statemetns or just prediction?  ;D
Do you got any links for proof.

You know when it comes to bitcoin it's always an "if".
I don't see that on your sentence.
It's like you are saying it after looking at the future with your futuristic car.

will never stop at 28000 if/when it breaks ATH

some alts have great charts against btc for potential start of very good run. All important mas and emas taken from weekly to hourly charts, long accumulation. But the risk of bitcoin dumping make them potentially profitable mainly in acquiring new btc. I've bought some of them and though being extremely bullish to get more btc from them, I don't like a feeling of potential btc dump as that won't do a favor to dollar value of my portfolio.

Yeah, I was hoping and optimistic for this year but I was not going to think overly for $28,000, may that $20,000 seems to be possible but it is still not sure. Because if we look into the current market flows, it eventually not showing a strong resistance that could be blown out the market into high unless whales will do the hypes.

It can't be that more, because halving will have the effect probably next year as what we saw in previous halves. Though we think that we are in a different market situation but the changes aren't that far.

What i think is?you are a card reader and you have read this happening?

If you are going to make such post again then you must be at least have some basis and understanding about the said currency so there might be proof or clarifying words for us to believe nor give opinion.

no he isnt but he was partially right with that because i also see btc price increase and this could also be possible because of covid  .  when covid didnt come price hardly reach 10k but after covid comes  btc price can easily reached 10k usd many times   .  if crisis still continue many people will find out about btc and btc could be pumping if that happens   . also nothing wrong with his opinion but to also on yours  , we are free on here to give our own opinion on this forum   .  so chill out man

It's mind conditioning, there are thousands of posts already about Bitcoin going to the moon, out impatient made us post our own  numbers so we can be part of the hype, yeah I have one or many posts of my own about Bitcoin going the moon I guess all holders should do it because we are the one who will benefit from this,

I believe that bullish will come sooner but to be particular when it comes, well, nobody knows about it.
Ain't to deny that the market is struggling hard to surpass $10k which I saw that this is a long barrier to take in order to reach for $15k. We almost did this early this year but huge drops had come during the pandemic. All countries had suffered big losses this time and that might affect the crypto holders to be more optimistic and hold their Bitcoin rather than selling it when the price goes high. If this COVID-19 won't be resolve and the economic status couldn't recover, it is really hard for crypto market so soar high by then.

Just leaving it after making a thread without proper explanation into where and how he got this kind of speculation.  ;D
Post and run.

Well, that's normal here but it may be easier if we could also hear your side by interacting with us.
20k was not reached last year or even maybe this year. Who knows?
Maybe it will because people are at their home, browsing the internet with high hopes to earn better without getting out of their house.
But, that is not just how is it. Asset or investment, whatever you call it. Bitcoin will always be a currency in the end.

Still, there is no guarantee for a huge profit if you buy it now. The market will decide for that.

I just think you are bringing a perverted flow to us because your statement is not supported by analysis and predictions that people will eventually consider to be bullshit. Your speculation is meaningless if it is not supported by analysis, even though you believe it but you will not influence people just by connecting it to a pandemic.

Until now I still doubt that the price of bitcoin has the potential to rise after halving if you look at its history. The rise or fall of the price of bitcoin is determined by demand and supply in the market. So even though history says yes, I doubt that history will repeat itself.

I still doubt if bitcoin has done it, I mean bitcoin has no related to any other investment out there like stock and etc.

Because in the fact we have seen bitcoin has fallen as well when the traditional investment fell, exactly when coronavirus came.

Yeah, I read an article which is published on cointelegraph https://cointelegraph.com/news/3-reasons-why-bitcoin-price-could-crash-if-us-stock-market-collapses and I was thinking it will happen again.

It already did but we didn't really get to take advantage of it. Bitcoin price started from $7k, moved to $10k, went to $4k, go back up to $10k. That is 2 times the price went high and one of them was insanely high as well. The only bad part here is the fact that it dropped to $4k so we didn't really profited a lot from it.

Same amount of purchases on bitcoin back when it was $10k and we would have over $15k price, at least around $14k price right now. That is why I think the best case for us right now is to consider this as the bull run and do not anticipate anything further new. Could another bull run happen? Of course it could happen but I just do not feel like it is a high possibility, I would give it a 10% chance to have another big bull run in 2020 and unlikely of it to happen.

Prediction can be given by everyone but you have to check for yourself how much that prediction is similar to reality. On what basis did you give this prediction? Do you have any analysis? I am also optimistic about Bitcoin that will do well in 2020 but that does not mean that I am optimistic that I will see a big bull market. Now the world economy is going bad and people are losing their jobs. This means that it will not be possible for ordinary people to invest now. But now is the time for big investors to accumulate more bitcoin.