Bitcoin Forum

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

It would be really fun if Bitcoin hits $20,000. Because that's good news for our community. I also hope the end of 2020 the day Bitcoin will break the old price and set a record in the crypto market. We cannot be sure of anything but I have hope because I love Bitcoin.

Old price? old ATH? is that what you meant? well, it has already broke the past ATH if that's what you're thinking. Look at bitcoin chart and check for the past days/weeks and witnessed that you've seen it broke the ATH of 2017 but you just didn't saw it personally hitting.
@OP you've asked this 10 days ago and the price was sitting on $19k so obviously that would be possible to happen. If you don't have any timeframe or deadline when it should happen, much better because it will.

It's a good bet that Bitcoin will be hovering over the $20,000 mark throughout next year. I think there is still a bit of lag time where people who were interested in Bitcoin in the past will see it is heading up again and be tempted to buy back into it. That along with all the corporate interest in it from the likes of Paypal, Square, the Winklevoss twins and many other money managers is going to reduce the supply. There is also a natural element where small amounts get lost in wallets or owners die which causes the available pool to shrink even further.

Right now the price of Bitcoin is slowly increasing after its correction days ago.

This can be another chance for Bitcoin to go pass through the $20,000 level. Many are saying that it can happen this year but for me the chances of it are low. It would be better if it will happen at least at the first quarter of next year. Anything is possible though but this scenario has a low chance to happen. I would be happy if the opposite will happen :D

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This is the month that people are very much into speculation, halving just finished, PayPal is now supporting Cryptocurrency and many institutions are coming up to support Bitcoin but the price is not moving like what we are expecting, there is speculation that miners are selling their shares, it's still 50/50 and we will only know after the end of the year.

The price already moving and it's also broke the past ATH even though not reaching $20,000. IMO there's a lot people selling his coins quickly to get profit, so it make the price dump.
But Bitcoin still in strong resistance on $18,000 it pretty possible to reach $20,000 in this month.

Anything is possible, we are just above a couple of thousands of dollars, so there is a big chance that in the coming days, we might see a break out run to $20,000 prior to the holidays. Previous history shows that, so I would not be surprised if the trend continues.

But in the worst case it did not happen, then all we can do is wait, no need to rush, we have a lot of leg room to work out ass off to reach $20,000++ next year.

From ystd we are again started to see some revive happening in the bitcoin prices and started to bounce back. this is a good sign and now moving closer to 19k. The major problem arises when it is near 19.5k and then we see the drop starts to happen as could not sustain above it. If it can manage to stay above it then we might even see 20k this year only.

If bitcoin can not exceed $20,000 this month, we don't have to worry because bitcoin price will have much time to pump. I believe that bitcoin will finally break $20,000, no matter if bitcoin needs more time to increase. I am sure people will accept that and they will still wait for the bitcoin price to rise. The market situation becomes better than a few days ago, so I expect that we will see something good with bitcoin. But we need to prepare for anything that can happen to bitcoin because no one will know what will happen later.

I think that Bitcoin will NOT exceed $20,000.00 till well into the year 2021. Maybe if we are 'really' lucky I'd say by the end of March 2021.

My reasoning after being into BTC since the day I started on her of April 13th, 2013 is the pattern I've seen over the last 7 to almost 8 years since.

ATH then FOMO then FUD.

First, you have an ATH (All-Time-High) then you have the PUMP and FOMO (Fear Of Missing Out) then lastly, the most painful FUD (Fear/Uncertainty/Disinformation)

In other words, the ATH gets Bitcoin/Crypto a LOT of attention...as it has, as just now, 'puttered' up to that ATH again after 3 years or so.

then the 'powers that be' as I like to call them Govt/Traditional Finance/Banks/Centralized Power/Elites/ etc. All go 'damn' when did BTC/Crypto

slap back as a 'thing'? Last we looked it was 12/24/2018 and BTC went from the last ATH down to $3,900.00 USD or so.

So the FUD kicks in. Got to 'slap' this idea of decentralized power back in its place. Like the USA powerful just tried to do with that 'pesky' decentralized

Presidential Vote in this last election or gerrymandering districts to concentrate political power or stopping decentralized labor reform, etc. Too frigging

dangerous. Again, they will 'fail' at this, but this is the usual 'slap-back' I've seen about 4x since 2013. If I still had 'courage' like when I had no $$$

alas, no balls anymore to sell BTC on the dip and re-buy. Now safer just to HODL/HOARD :) But anyway, always a 'slap-back' of anything to do with

decentralized wealth and/or power from those that love the status quo and have $$$ and power. The essence of a Political Science Degree Indeed.

So the Federal Govt will likely IMHO, pass the regulation, in the dead of night with no hearings, and make self-hosted wallets unusable at best on

USA crypto exchanges unless you can do KYC (Know Your Own Customer) both ways on any BTC address transaction. Which of course, is unworkable,

and likely enough pushback by big shots in BTC/Crytpo to be reversed, but this seems to be a deal with ALL the fast track regulations being slam'd

out by the former Trump Administration so I'm sure we won't be left out. This means, ahem 'cheap coins' the price will be slap'd down by such

an action and the resulting few months of confusion at best until the Biden Administration would, under pressure, fix this in a more sensible manner.

The other thing, of course, black swan event wise also, is that Mt.Gox is going to release $2.6 Billion USD of Bitcoin from the 2014 settlement of,

exchange going under. Again, best case, short-term price shock IMHO, due to the fact if you are such a legacy Bitcoinner from back in 2013 and 2014

you had Mt.Gox Bitcoin you may get back, you are just gonna move the stuff to a different wallet maybe or your Trezor and HODL is my guess.

But things in the best light will dump price to about $12k to $13k IMHO before resolving over our 'lovely' pandemic winter, so it will

be 'cheap coins' and I should buy some more BTC dust. If I am wrong and all this stuff makes it a lot worse, I'll have more to worry about with

my BTC Hoard/HODL stuff...that the BTC dust I will lose by buying in 2021 on the assumptions on the 'dip' in prices above...I will not notice through

the sobbing and the tears, if we have to wait for another 3 years till another ATH and $20,000.00 BTC. I hope I'm wrong, but that has been the pattern

sucess (ath) fomo (adoption) fud (slap back) :)

So the choices are, this too shall pass and if it takes 2-3 months of price confusion and FUD ..but as much 'cheap BTC/Crypto as you can!... If I am wrong

then the BTC dust I 'gather' on the way down in price above if there are more long term or year(s) to come back to the ATH,

the BTC dust I spent on the way down won't matter.

I'll be crying like a 7-year-old child if I have to start at 8K coin again and wait 2-3 years for $20,000 or next ATH yet, again. God help me if I have to face

below $10k BTC again. I may be inconsolable in my grief. Ack! The Horror! Ack!

Thus the choice is easy, may as well be optimistic and buy BTC dust in mass quantities if possible and cross fingers. The alternative of either of the above

having long term multi-year effects from re-acquiring the ATH or $20,000 BTC is to 'horrible' to contemplate! :)

Brad

Why not we still have three weeks before the end of the year Bitcoin can still make a big pump and jump to $20000 if we beat the March market crash when news of the pandemic break out, it's also possible that we can still reach another all time we never know what whales are thinking now but until we bid 2020 goodbye there's still hope.

The resistance is quite strong in fact the price even drop at $17k usd however, the price goes back at $19k usd and I hope this will continue. Though Bitcoin movement is vague right now and we cannot definitely tell what is going to happen I still believe that it will go beyond $20k usd. We're only at the beginning of the month of December and we have plenty of time yet the price goes back at $19k usd so I think it is possible.

And here we are again, Sunday bulls pushing us back up above 19300, and 20k just looks so tantalising with still about 2 weeks odd to get that momentum going.

Psychology is crucial here so I think the smart money is on a new ATH before 2020 but that is bound to crumble in the short term. Thinking of every 2017 person who bought at the top just waiting 3 years to break even and exit safely.

Honestly looking at how bitcoin already broke over $19k once again, we are in a situation where nothing is guaranteed anymore. I can tell you that bitcoin could break over $20k finally and be done with this waiting, which will be a period where we will not know if it will go under $20k again or go higher, or I can tell you that we will drop again just like we did the last 4 times we broke over $19k too.

Both of those options are quite possible, usually when price gets stuck and can't move down or up in any direction and just goes between two spreads like this where it moves between $19.5k and $17k and doesn't go under $17k or over $19.5k that means we are going to eventually have a HUGE movement. I don't know where the next movement will be but I can guarantee you it will be bigger than 20% for sure.

I think it is highly likely Bitcoin breaks $20k this month. After every drop Bitcoin just keeps going back up to the $19000s. There have been two main drops since it hit $19k a few weeks ago and the second drop was more shallow that the first. Supply is beating massively eaten up by institutions and wall st investors. Bitcoin's time under $20k is getting very limited as there just simply is not enough supply to keep the price under it.

If within this month there is no certainty we could attain it or we could not, but if next year there is a high probability that $20000 is attainable but eventually Bitcoin will reach $20000 only the time frame is the question, I don't see Bitcoin on $15000 next year it will be traded on the $20000 level once it reaches it and a correction was made.

ofcourse some day soon, bitcoin price will exceed 20,000$ sooner or later; and if we are being frank, investors are not worried about that. My question is that; when did you get into bitcoin? this will determine if you should wait for profits or take in usdt in case of a potential price correction. My advise remains that you should do your own research

The chances are there but unfortunately, we never know when. I can't see it in my crystal ball, honestly.

Well, we live that kind of encouragement. $20k, $50k, in fact, some say that Bitcoin will reach $100k in the future. Either these things are possible or not, but we can't also think that it is totally doesn't have any chance. of course, there is but the problem is if we are able to wait that moment, or our trust just dies shortly.

I believe that the ATH buyers of last time will not sell early because now is the time for them to hodl more as the price tries to make new history. About breaking $20k this year, I completely agree with your opinion OP that BTC won't be able to cross above that area before the end of 2020 due to certain reasons, one of which is the ongoing issues in the world due to which even investors have been sidetracked. There was a rumor that self-hosted wallets will be banned but I don't know how true is it!

I do not mind if bitcoin can not exceed $20,000 before the end of the year. And I will be glad if the bitcoin price comes after March 2021 because I will have more chances to buy bitcoin or trade with many pairs to earn more bitcoin. I am sure the market will still be volatile, giving me a chance to buy low and sell high. I know that I will need more analysis to know the right time to buy and sell bitcoin or altcoin regarding making a profit in bitcoin, but I am willing to do that until I can collect more bitcoin.

Same as you, I am dreaming all day that bitcoin someday catch the expensive value after the last market declination.  If we lost something valuable from previous weeks, then it's our right opportunity right now to buy while $20k isn't yet happening. More than that price, I guess $21k is probably too high price if ever btc will exceed $20k this year or next.

If they are still holding their assets better to keep it and wait, bitcoin is trying to breakout and reach another ATH.

Half way before the year end, though there's still enough time if whales will push it forward, the price almost close to the last time high, few more dollars from those big investors and everything still possible to happen.

If there's no basis that available then this rumors will continue to be like that.

of course Bitcoin will reach over $ 20000, why? because if you can read analytical techniques,
then you will understand that Bitcoin is indeed bullish, but Bitcoin $ 19700 resistance must pass,
if it fails again then support will wait.

You have not asked for specific time so the answer is perfectly YES,Bitcoin will reach more than 20,000 and may double this value the problem is when.

It may took 1 month or 10 years depend on how we will support this because the value depend on how much is the demand ,and supply.

19,700 resistance had been passed back in November when the price of Bitcoin Climbs up to $19,800 so what is the analytical technique there?

Lol seems like a Genius is giving His Best shot to make people believe in what He is saying.

Already at $19.2K marks right now and stuck, but reaching $20K is piece of cake honestly if there are any pump in the future we might see bitcoin breaking through $20K marks for real. The market right now is not heavily driven by hype so hopefully the price gonna hold on for a long period.

Honestly, if we really breakthrouigh $20K resistance we might see bitcoin goes even beyond what people expected which is $25K but maybe that's for another year not this year. Really waiting for this to happen honestly, gonna see how alt market behave aswell whether dumped or pumped.

It’s a hot topic at the moment. It’s only natural that everyone in this forum is talking about the price of bitcoin that will rise to $20K,
because if we look at the current price, bitcoin has already touched $19K more.  The chance to go up to $20 is very possible.
But I don’t know if this month will achieve or not, because if you look at the time left only 2 weeks away. But for bitcoin,
whose growth is fluctuating, even if it has only two weeks left this month, this could happen. Even in one day,
bitcoin can go down and up hundreds of percent.

How and why the 20k value is unlikely to be exceeded in the month or at the end of this year, although the correction continues but I still believe that by the end of the year the price will hit the 20k value or maybe break a little. In the last 30 days at least bitcoin traded in the range of $19,800 until finally the correction continues even recently it was difficult to break the $19,500, but with such a movement it is still possible to close the end of the year by touching the previous ATH, this moment it is time for the bull run season to come.

Is your opinion based on anything at all?

Because you say that you have allegedly done an analysis but have not shared with us any of the analysis you do.

My opinion is that I don't know if the bitcoin will be over $20,000 tomorrow or in a month's time but in 5 years, let's say, it will be much higher than that.

You would really able to expect these kind of words from someone who are in this market neither they would show up some analysis and some do just speak out
due to their expectation and with their own views.If he do see that it wont able to break or reach out 20k then let him be and for sure he would really be
taking those words back when he looked that btc did able to break its previous ATH.The time is definite thats why its hard to predict on when it would
happen but since adoption is on the move then we can anticipate that we will really be heading there.

While I disagree I respect your opinion, if you do not think it is going to happen then you need to take actions that reflect that, do you think the price is going to crash or do you think the price will still grow but not this month? Depending on your answer you should do different things, if you think a crash is inevitable then sell your coins while you can and take advantage of the cheap price that is coming, however if you still think bitcoin will grow but it is going to do it at a slower pace than what the majority expects then you can take the opportunity to buy bitcoin now and get even more profits in the future.

Personally I think 20k will be reached during the next 7 days and while that may seem to be too soon for some I think the conditions are there for this to happen.

and take note that most predictions or speculations even if they have back up charts or analysis cant be followed as btc market is very unpredictable. it can change within few minutes or hours, depending on the market. so even if he analysed that 20k is not possible to happen, just take it as another speculation of one user. dont hold onto his opinion. anyway, everyone is free to express his opinion, right?

2 weeks before the year ends and it is possible to happen that but don't expect so it will hurt your feelings. We knew the price of the bitcoin will rise very high at short period of time and it is possible exceed more than 20k dollars.

But be careful because price will drops fastly too and anytime your money will decrease too and you really need to use the extra money if you investing to the bitcoin.

But as long as the market is in his best shape then we can conclude that it has possibilities to achieve although your right about the words given but since we are one little push away to achieve that then there's a high possibilities right now that we can see that figure to touch down. But still as you said all of this is just speculation so we still need to be vigilant on how the market moves this days and always prepare our position in any possibilities to react according to the movement of the market.

People are focusing too much on this 20k price and that makes it so much harder to break as well. Nobody says will we break over ATH again for example, which is at around 19.6k right now, why? Because they assume if we can go over 19.6k we can also break over 20k, or because 20k is a round number and not 19 thousand and change.

Well, reality is that we broke over 19.6k and still failed to go over 20k and went down. So long story short if you do not care about it when it goes over 18k, if you do not make a big deal out of 19k, you are not going to like what happens with 20k neither. That is at least what I think why we are having trouble with this situation, otherwise there is really nothing special about 20k that we can't go over, it is as easy as any other price normally, except we psychologically think it is harder.

Bitcoin price is past $ 20k !, nothing is impossible in the crypto world,
I believe Bitcoin price will exceed $ 50k in the next few months,
because there is no resistance for Bitcoin to be passed again.

its possible since many rich people try to avoid inflation, they will keep some of their wealth on crypto. and it will impact on the price rising up

Well, I am 'happily' having a fine meal of 'crow' as we speak. It will need a lot of seasoning and steak sauce...but am 'happy' to be wrong and scarfing it down as we speak!

So, as they say in refined circles now, the traditional bankers, the monied interests, govt officials as tonight's cocktail parties and such. Ahem, 'What the F*ck is going on with

Bitcoin! And What can we do to 'slow it down' or 'stop' it?

I imagine there are many, many financial advisors telling their big money (million/billion) dollar clients that they need a safety net of like 2-4% in Gold..or worse yet

bonds our of stocks and 60% bonds, (which IMHO with all the 'money printing' due to recession/pandemic and Trump Tax cuts of 2.1 Trillion to the very wealthy,

well, bonds will likely not keep up at all with 'inflation' in say a 2-3 year recovery...sorry...I digress!)

Anyway, as I see such a scene of many many people richer in fiat and gold and properties and stocks/bonds realizing that there is gonna be a 'correction'

and such in the stock market...I can't see with 3x the unemployment of the last economic downturn around 2007 that this will not happen!

Then, why the hell, would they get bonds or gold? So I suspect a 'pushback' to the financial advisor along the lines of "IF what you say is true and the stock market will correct and we will

have depressed consumer spending in this recession and also bonds probably won't cut it as a hedge year by year vs inflation, with all the money printing going on...

why should I JUST limit myself to gold and bonds? What about Bitcoin/Crypto? Should I not double down and put 2-4% in BTC/Crypto as well? Indeed is this not a 'better' hedge at least in

comparing it to gold/bonds when looking at returns for BTC/Crypto in 2020? I see lots and Lots of pushback, on people trying to 'tweak' their traditional portfolios this year....with some

hard, hard questions about why not BTC/Crypto to a person's financial advisor along these lines of a stock market correction. This obviously is happening at the institutional level with

these questions being asked, on why not a BTC/Crypto hedge? I assume it will trickle down to a hard set of questions for regular folk asking their financial advisors now in 2020 as well.

I mean from $7,194.98 USD on January 1st, 2010 to the current All-Time-High (ATH) as we speak, 'pumping' of $21,742.25 or within spitting distance of 3x the amount it was on 1/1/2020?

Sh*t, we may have a 'run' at $30k before the end of the year at this rate. So just to keep it going in the right direction if we beat $25k BTC I'll happily dine on another meal of crow!

Can't happen right?

Crow tastes just dandy while watching ATH FOMO if you watch such with a lot of alcohol. As a 'fun' activity it is not bad!

Thus the FOMO on Bitcoin price. Also, I think this FOMO is almost 'exclusively' institutional $$$. What the hell

the price is gonna be when the 'regular joe' jumps in with his financial advisor I've no idea! $30k BTC? $40K BTC? Sh*t. Things are wild.

Actually, 'crow' is not bad, tastes like 'overcooked' dry chicken!

I should probably say we won't make $25k BTC again, so I can be wrong and have 'crow' again, before the first of the year. Yeah, I went there. Let's see if that worked.

Brad

It just did broke $20k and within less than 24 hours price broke $23k.
The big institutions that have joined and invested influenced the market but this is also about the halving.
With the latest breakout to another ATH, google searches is yet to increase because we have lower than 2017 google search for 'buy bitcoin'.

This is the highly gossiping topic at this moment when BTC will cross $20k. But if you take a look at the price chart of last 7 days, then you can get some idea,another question will come in mind will it cross $30k or not.