Bitcoin Forum

Bitcoin is setting it's new record for 2020 while reaching it's highest price at this moment passing $16K. Crypto market analysts suggest the Bitcoin’s move above $16,000 is a bullish sign and we can see it testing higher levels in a short time.

What is the next NEW HIGH you think?

Read article: Bitcoin (BTC) Surges Past $16,000 to Hit A New 2020-High, ATH Is the Next Target (https://www.worldcoinindex.com/news/bitcoin-btc-surges-past-16-000-to-hit-a-new-2020-high-ath-is-the-next-target)

If we get to a new ATH things could get really crazy really fast.  The next 12 months may prove to be the hardest HODL in Bitcoin's existence as it's valuation gets truly frothy.

We're barely getting any publicity right now. I have the same thought, whereas we're going to get 2017 levels of mass publicity once bitcoin has broken above ATH, as bitcoin would probably be all over the news by then. And with that, I'm also kinda expecting 2017 levels of a price bubble; fortunately and unfortunately.

Higher than the previous ATH and lower than the next one.

Agree. The next bull run would be very tricky for those who view Bitcoin speculatively and wish to profit from it (which to an extent is everyone). Having an investment plan is important before buying in; an investor should have a idea of their projected ROI and a rough time frame to achieve that, this of course can be adjusted with time.
There's a lot of focus on the time to buy in, but when to take profits is also important and could save one from regrets. This thread- (SSS) - A Sane and Simple bitcoin Savings plan (https://bitcointalk.org/index.php?topic=345065.msg3697405#msg3697405) could prove useful for someone looking to draw up a savings plan.

I agree that this is just going so fast.

I don't think it would be that much higher than the previous ATH if that actually happens but I think we would not be reached that place for now since the value is just appreciating so fast. A correction might happen in the next days or maybe in the next weeks? I never thought that it would be this fast after the news about a company and a platform accepting Bitcoin.

I believe Bitcoin will be close to $20K by the end of this year. Because of several reasons like PayPal announcement about crypto services Bitcoin and crpto at all have an opportunity to reach new highs.

Well, Bitcoin made it up to $16k slower and without that much hype this time. I honestly don't understand what brought it that high after all these years, but I think that if there's less hype over it now than in 2017, it's a good thing. I believe that because broad media coverage encourages newbies to buy out of FOMO, and then they start panic selling once the price gets a bit lower, causing a huge drop. Maybe this won't happen this time. It would be nice if it doesn't because I don't want 2018 all over again. I think Bitcoin might reach $20k by the end of 2020, but I'm not sure I want it to. The price is already very good, and slower growth or even stabilization is preferable, as for me.

The news about paypal that supports crypto has passed, unless there is news of or greater than yesterday's paypal maybe the price could reach $ 20K by the end of this year

Are we finally going to see another ATH now or would it fall back before reaching a new ATH?
It does feel like 2017 again the price goes up so fast I just hope it wouldn't end up exactly like it.

Few analyst say if the BTC price cross 14k then look for 20k again and the best way we can do is looking at the past and try to look for the patterns, also whenever the price of Bitcoin goes up for more than few months it triples have you ever noticed it.

I strongly believe the price will go up more quickly than it did in the past, however happy days are back and let's enjoy this moment.

If that is the case then it will replicate the year that it will eventually mirror past market fluctuations. This could spell good omen for veteran as they will know when is the prices will go ever lower to buy the coin and know when the prices go up. It is just my speculation but the graph from the past years have seen similiraties in the figure.

Don't take things too serious mate, the cryptocurrency market is for fun and with proper risk management things will be positive on a long-term. There will be two option this time: either the market experience a lower ATH or a higher ATH, any way things has started moving positively, and we should wait for time to tell. Though don't expect much from the market because of it volumes, seriously i don't trust Bitcoin volume with this raise at $16k+.

I believe bitcoin will test and overpass ATH as a psychological target too besides the fact that big money is already in the game. As I don't see any valid reason why the price may significantly decline I expect it will be higher than $20k by the end of 2020 unless some total crash happens on all market and whales start dumping their bags which I really doubt.

Who said PayPal news have passed and no longer effective! you have to understand that it is not just about the news but the number of people that news will bring in and continue to bring in, the news itself was one thing and after effect of the news is another thing, that is what am sure is happening right now, PayPal have millions of users and if that number of users all show interest on btc what do you think will happen to price?

As of this moment it passes $16,200 value and this seems to be the highest price bitcoin ever has after the 2018 Bear market.

https://coinmarketcap.com/currencies/bitcoin/

I am looking for another month and the ATH maybe happening again mate,or at least we will be growing from this $16k hype.

remember that the end of the year is still more than a month and it could possibly happen because if we see bitcoin making some unusual maneuvers. he can go down drastically and go up with a matter of days, even have made a sharp increase in just a day.
so the possibility of going down again could happen and this is the way bitcoin is profitable to play short-term investments that have rarely been done so far.
Price predictions that may be worth bearing at the end of the year, around $ 16K are already good value to continue in the following year.

previously in 2017 bitcoin reached its highest price at $17K, now in 2020 it reaches $16K, this is nothing new and I also hope that in the future there will always be good news about bitcoin and other cryptos in 2021 it could be more than $20K the price of bitcoin

2017 got a huge publicity and it gain more over this year since many speculated that this another halving year will bring another good price insights just like what we see last 2017, And many got curious which creates good orders by the current price accumulated at this moment and for reaching at $16,2000 I'm sure that new ATH will reached up.

I wouldn't be very surprised if I see some unusual movement soon cause FOMO is high and whales know it too so some fake wicks in both directions are very possible, but the bullish trend is very strong.

17k  this year....  25k+ end of next year

PANDEMIC.......

Small investors sitting at home.....

Larger pro investors finding no interest anywhere else...

But,  Major investors realising that the world markets are going to crash....

All predictable.

Reaching $16K this week was already an achievement for bitcoin this year and really pushes good news and points for bitcoin despite the crisis and pandemic we are having right now. I believe new ATH for bitcoin will be this year and as expected if it pushes to more than $16k then for sure we can expect and good run price soon. We still have months to go before end of the year and bitcoin can reach more heights soon.

We already get the newest highest price of bitcoin that we are waiting for a long time. We should be happy to see this price because we can sell the bitcoin now if we want to profit.
I hope that at the end of this year, bitcoin price can be at more than $20k for the next highest price, so in the next year, bitcoin price can still rise to the next price.
I don't have the number for the bitcoin price, but I guess that can be more than $20k.
We have less than 2 months to see how high the bitcoin price can increase later, so we don't have to curious to see where the bitcoin price will moves.

I'm waiting for the new ATH - $ 30,000.

The intrigue is whether we will make it to $ 30,000 in 2020 or not.  I think not (but I could be wrong).  

The price of 19-20 thousand dollars is a bear trap.  

We all remember December 2017 and January 2018.  This time it will be different.  

The $ 20,000 level will be broken upwards.  Bitcoin price will rise to $ 30,000.  The growth will be rapid.

But before that (around the $ 20,000 price), I expect an imitation of the Bitcoin price drop.  

We will see an exciting show!

This would be a better sight for the bitcoin and crypto community, maybe we will see the new ATH within this year, I am too excited about that but we should not be so serious with it because things can still happen unexpectedly, way back the month of halving before, we cannot see the huge effect of it and it didn't meet what we had expected so I think this thing might be the result of the post halving effect.

there is a lot of adoption happening in bitcoin the demand is getting bigger it might push the price more in the years to come
in my opinion, bitcoin will reach its new ATH may be up to $20k or more in the next few years is a good achievement for bitcoin
slow growth in price is better than a sudden price surge to avoid greed and weak hands.

Just be furious and be ready if ever some downfall takeover, we never know what will Bitcoin will provide but as of know it's really
exciting as the uptrend movement is still doing strong.

New high might be reach as there are many supporting instances that this bull will progressively move continuosly. It's excite lots
of investors and traders to push further.

I think it is too early to say. We are witnessing great price movements but we never know if that will be the end of it, or if it is just starting. For me, I think we don't even need to talk about the new ATH this year because it might not happen in this year. Maybe in the next or the year after next year, I think it is still at that point that it is just affected by the wave of the people moving in, after that it will just stop again.

Well, bitcoin's recent rise to $16k wasn't like 2017-levels of fast, but it still wasn't slow either. As for what brought as to these highs without the mass hype, I'm guessing that it's actually institutional investors(though I don't have anything to back this up). It's the only thing I can make sense of besides old bitcoiners buying more bitcoin.

Anytime soon new bitcoin ATH will come although we don't know what will be the outcome of bitcoin this 2020 but as we can say in the current value there is a higher possibility that new ATH will reach sooner. The demand in bitcoin are still increasing and they are buying to full their bag with bitcoin that also make it's value unstoppable.

it is possible that the new ATH bitcoin can bring more progress that will be accepted by bitcoin, but it seems that even without that I can be sure that bitcoin is clearly still many who are looking to be a very lucrative investment. because we know that current demand is indeed unstoppable so that it raises the price value of bitcoin.

whether the new ATH will be able to increase the encouragement and confidence of investors, of course we will see when there is already a launch, it is clear that everyone wants that there will be a significant impact, because every new system is actually made to accelerate the improvement and convenience that has been possible so far still constrained.

is it possible that a big increase will occur this year, I don't think I can believe it if I look at the past halving. that there will be in the next year the increase occurs after the halving, we are waiting for the end of this year.

When talking about New High? No one does have the crystal ball to say precisely on where would be heading.Its just that too great to see that we are seeing these levels again knowing that
weve been riding with the waves to get here.

For now the best thing to do is to secure up your position neither for long term or short term ones.Ive been doing active trades and at the same time I do accumulate for my stash.

Saying up too early about the new ATH since we aren't even reaching out that level but maybe for this year or in next if this kind of rally would continue.

As what I can see there will be some sideways before it will actually happens, it will take some time maybe at the end of this year we can the ATH, or maybe in the Q1 Of next year will be the right time, who knows when it will actually happen, so for me just hold your coin and do not sell it, not until you need the money, but if you don't need it to be withdrawn do not sell bitcoin now.

Bitcoin has been very bullish prior and after the halving, and even though we've seen worst this year because of the pandemic, we have bounce back from that and move to $16k. Yes, we could be testing higher levels and others suggested that even a $20k run for this year is possible. Obviously, a new ATH is the next target, however, we really don't know when it's going to peaked, but most likely it will happened in 2021, wherein we are going to see a massive run.

I dont want Bitcoin to hit the previous all-time high in 2020. Everything will be better if it goes slower. Too fast can create a new FOMO which makes the price of bitcoin unpredictable. The faster the increase, the more volatile the price of bitcoin will be. 2017 is a lesson for us and it would be a nightmare if it happened again.

$18000 is affordable. Hope that there will be a small correction so as the price of bitcoin will be steadier

It could be.

But I think the most influential effect in this great movement by the price of Bitcoin is because of the adoption happening and the people trying to get in to ride the wave. I think we will not be able to reach the price of a new ATH this year but we never know, right? The price is still going strong so I will not be surprised if we actually have a new ATH this year.

I think this time is extremely different. The hype on Bitcoin is still low compare before when we are the same price as now.
There is still a lot of room to go especially if you will check the chart and use a momentum indicator like RSI.
I also want that Bitcoin will make a healthy price action upwards and some price correction before creating another new all-time-high.

Unpredictable at the moment. That's all I can say about btc price now. Cause different article, news and analysis said a lot of things but nothing came true. Bitcoin price just going up continuously and not showing any backward move. So it's hard to say that bitcoin price will reach at which mark within this year. Maybe bitcoin will cross it's previous ath price.

I am sure that many of us will have our own prediction about the next high bitcoin price this year. I think that could be up to $17k-$20k because we are now at $16k, and the bitcoin price will still go up higher. Although we will see many corrections that will happen to bitcoin price at the market, bitcoin price will still increase and make a new ATH this year or next year. So if you think you want to sell your bitcoin at more than $19k, you should not panic if the price drops, but that could be your chance to buy more bitcoin at a low price. Perhaps the next new ATH will amaze us about the price because this could be the first time we will that highest price.

It's conceivable that Bitcoin may hit new high before the end of 2020 however all are simply speculation, nothing confirm yet. Bitcoin already trading over $16k, more bitcoin pumps in price could happen but before that correction might happens too. You don't have to do anything except if you plan to HODL it. You'll be fine, simply continue purchasing.

There's nothing with the about those "analysts" and speculators inside the market. When they see the price going up, they're all positive about it as usual. And if the market goes into a bearish trend, they'll all go bearish. But that real bullish people, we've been hearing them to be bullish since the bearish trend.

Determining the new high is always the hottest topic. But understand that it's always speculations that we'll be fed to us, no actual price and dates when. We're all guessing but the majority are bullish.

The current RSI is now high but for me it is not a bad thing and it is actually a good thing because it is a sign of a strength in the current trading system that I use. There are many setups in this kind of market structure because you can trade breakouts with high where it can give you high probability of win rate. I also like to see small consolidation or a healthy pullback before the price of the bitcoin will manage to get near or to successfully breaks the current ATH. The market sentiment is continuing to become better and many investors are now focusing to the bitcoin and I think it is the reason why the market dominance of the bitcoin is continuing to increase.

There's a sudden pull which can give us opportunity to buy and the current price for now is at $15,900 level so maybe it's good to act while the market is doing some backward movements since provably in the next following days we can see some several pumps until the end of this year and many are hopeful to see if we can reach for the past ATH this year so for sure this will add a good possibilities to gain positive outputs.

As long as we break our old all time high I will be happy about it, I am not going to lie and say that I know how high it could get, it could be 21k or it could be 1 million and I wouldn't know which one will happen beforehand, if I knew it I would have invested and divested multiple times this year.

However what I know is the fact that bitcoin will go up, maybe tomorrow or maybe a year later but 16k is not the level we broke and will stay here forever, it is just another level we had to break in order to go bigger eventually, I know this and acted accordingly and bought and hodl in order to profit in the long term. So, if you want to make sure you profit, you should buy and hold, if you want to make bigger profit, learn to trade ups and downs.

The market sentiment just fulled by FOMO, I'm not expecting bitcoin price can touch another all time high at the end of this year. I just want to the price movement just move slowly so as there is no big correction comes. As you can see at 2017 ago, it just need one year to reach all time high that far from its original price $900. And then the correction came that make bitcoin price touch $3500 at the next year, it was really crazy right? I mean, I'm not expecting the situation comes for the second times. Like just gold price movement, its price just slowly to touch its all time high and now when the correction comes it just need $1000 to reach.

A 2017 deja vu.
Might have bumped into the same question years ago before $20k.
Another ATH is scary.
It may cause another huge dump and may lead to some HODLers thinking about just selling all the way since they can buy back at a lower price.

I'd rather stay with this number and savor it. Take another year before it gains more value. Slow and steady.

It's a 4-year cycle.  We're in 2016 now, not 2018.  Next year is when the FOMO and widespread coverage will take place.  Right now we're just shaking out the non-believers who want to get rich and will sell after doubling their funds.  The rest of us are waiting for that x20 we know is coming.

As far as the speed of the rise goes, it reminds me more of 2016 than 2017.

Like 2016, accumulators (including institutions, public companies I'm sure) absorbed all the supply in the previous bear market range, in early-mid 2020. Now, the price has been marked up into a new range. It's a very clear bull market, but not yet a bubble.

Now, it could play out differently this time and just go parabolic to new ATHs from here. Alternatively, we could be in a place more like June 2016, with significant consolidation to come before making that move.

Sentiment currently feels very greedy and exuberant, which gives me pause. Early 2017 was more so characterized by disbelief. People very much seem to expect another bubble (and soon) which makes me concerned than a major shakeout and consolidation may be coming sooner than later.

2020 is still 1 month to end, and the price is still stuck above $ 15000,
I think 2020 this last bitcoin price will reach $ 17000 at the end of the year,
and I can't predict too far because now the market is very volatile, anything can happen.

The market is not volatile now, it's volatile since the beginnings... And yes anything can happen, at least most of us agree with that! Definitely I like the hype and how people react when prices are rising, now even $30k seems possible if you judge by the optimistic headlines around! It's funny how that's change to totally opposite reactions and headlines when prices are dropping!
Crypto twitter is on fire these days, when you give it a thought its on fire almost all the time, but now it's nice to see all of them positive and optimistic about the future of crypto!

I agree, we're not yet in the 2017 bull run, more of still have time to accumulate, 2017 started with a lot of hope, ~$800 turn suddenly turn to $1k+, then market it goes down below the 4 digit, then goes up again in the $2k range, then the so called Flippening (Ethereum taking the top spot), price goes down again, and then Japan enter the scene pushing the price and the rest is history.

So imagine what will be the scenario next year, 2021, lots of ups and downs, first, second quarter and then boom, massive spike in the last two quarter. So it's going to be as exciting or even more compare to the 2017 eventual bull run and all time highs.

It is very likely that the price will continue to increase, following the pattern in 2017 we may have a similar movement for this year, of course it is just a pattern, it is not that it will happen, because the events in 2017 were very different from those of 2020 , but on certain occasions the market repeats some movements as events occur.

This 2020 has been a very unpredictable year, almost that events have occurred with the same volatility of the Bitcoin market, but we must not forget that for December demand increases, and this is beneficial, since Bitcoin can take a good bullish jump.

Biden's victory is yet to be seen, this December 14 everything is decided, it is still difficult to determine what may happen, this in part also affects the market, since it becomes a fundamental in the short term and with an effect on the market.

I think this year we can see the price of Bitcoin reach at least ATH, maybe by the beginning of 2021 we will be reaching new highs.

At this point I know it will sound weird but I want it to stay above $16k and nothing more. It could go up and I would be very happy about it if it could go up, but the reality is that as long as we are above $16k and do not drop under it, I will be fine with it. Because we have already increased so much that we have tons of people who would be willing to sell their bitcoins and take out their profits, if we do not go up that means these people will be restless about potential future profits and could take out their current profits.

All the people who bought under $15k are potential sellers to me right now and they could all sell their coins. What I am hoping for here is just getting bitcoin sellers out of the way while staying above $16k and we would be fine.

Well, Bitcoin is always unpredictable that's the reason why we create threads for speculating a certain price range, so does those news articles and other speculations tools.
And, speculations doesn't necessarily mean it'll become "true" or accurate.

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Most probably Btc will close at around $18,000 by the end of 2020. Last month, I made a speculation at around $15,000 to $16,000 just before 2020 ends, but it turns out that Btc has still some fuel to climb up and we still have more than a month just before the new year.
Hopefully it'll reach new ATH.

We have reached over 16k and that is a new high for the past 3 years almost, so that is great however one thing is for sure, we are not done yet and we still have 45 more days to go in 2020 so anything could happen. I feel like the best way to see what could potentially happen would be waiting and being patient because we can't predict the price with 100% guarantee.

However if you really want to have an idea about the direction at least, you should check what others are thinking about the price, go around in social media and other places and you will see that bitcoin is loved right now and everyone thinks it will go up a lot, when people think like this and they invest accordingly, the price goes up so I believe direction is still going to a higher price.