Bitcoin Forum

I was going trhough the price history supports resistances accumalation information indicators...

Well this year until the year end the ETH will be better performer then Bitcoin.

Will i think the btc will pass the 20k price?
To be honest i dont think,  Why??

Becouse there are no accumalation happening if I see that whales big guys accumulating well then I will look how much they accumulating and so... But its looking like they are not going to accumulate this year!

Ethereum are different,  ETH been accumulated by the retail traders just today and yesterday by the retail and bigger players of institutions.

Chicago CME futures have just increased their eth holdings
.. The eth looking per my check very bullish.

I can see that ethereum has more growth this year than bitcoin and a lot of people too believe it. But how can you say whales are not accumulating bitcoin? Do you have watch list of wallets those whales are using? It's hard to say they are not interested to buy bitcoin. It's still open for a good market exposure so there are new institutional players wanted portion of the pie and for some whales, they just only seeing the play before jumping in into the jungle. I think if they saw a good entry for this, everyone will follow whales or no whales.

Here is the healthy discussion: Are we gonna see a new ATH this year? (https://bitcointalk.org/index.php?topic=5293677.0)

I do not know if retail investors accumulate ether or not, but if they do it is as a result of ethereum 2.0 which was launched in December 2020. But because of that, thinking ether will out perform bitcoin, you can be very wrong, and you indicated before the end of this year. With what I have analysed, be it ether accumulation by retail investors or not, if bitcoin does not surpass $20000, do not also see ether to surpass $690 in price. The recent accumulation is because of ethereum 2.0 which I said earlier, it is new and people are staking ether but it will still not be new again.

A lot of people still looking forward for $20,000 before the year will end, like accumulating just below the all-time-high is really a good bullish action which may lead breakout above and this time Bitcoin may push upto $20,000 or more than, this is also I am looking forward. Seems nobody is selling their Bitcoin on this current price.

It will be no problem if bitcoin can't pass the $20k price at the end of this year because bitcoin has more chances to pass on that price in the next years. Even if somehow, the bitcoin price can not pass the $20k in the next years, it will happen in the future. Bitcoin has more time to pass $20k and hit the next new ATH, and I think many people want to wait for that because they believe that in the end, bitcoin price will get the new ATH. That will be the same as ethereum, and if ethereum didn't hit $1k this year, it would not be a problem. I am sure that people will have their target price and they can wait for more.

We will know in 10-12 days whether bitcoin can surpass $20k or it will go down through the end of the year, but the possibility to reach $20k is still there.
Although bitcoin can't break the resistance level this year, it definitely will in 2021, no doubt about it.
Bitcoin is in a different chapter this year compared to the bull run in 2017, because many institutional investors join into the crypto-world, not just retail investors.

No accumulation from the whales? you must be kidding me that you're not looking at the news and reports about Grayscale and Microstrategy accumulating bitcoin. IIRC, Grayscale has been buying all of this time and they've bought more than the mined bitcoin from the past months.
It is ok not to think that it's possible to reach $20k because it's obviously struggling to go into that price. But don't forget that it's always giving you an unexpected scene, that's our bitcoin.

in my opinion, in 2020 with the state of covid 19, BTC will continue to rise, and it could reach 20k, why? because everyone has switched from pure gold to bitcoin and others, that is evident in several media and information exchanges, I saw the news last week, if everyone switches to bitcoin assets, then everything will happen, and you have to believe it.

The price/value movement for ETH from November 2015 - December 4th 2020 as published by  Stastista in a report here -

"https://www.statista.com/statistics/806453/price-of-ethereum/"

shows that the Ethereum has surpassed the 1k mark before and that there are still better days ahead for the Cryptocurrency. Both our darling BTC & ETH have already done so well this year and people who accumulated them before the rise are already enjoying their profits. It is safe to say that for both BTC and ETH, an accurate prediction of their economic value cannot be given. We might just wake up to see in some days time that BTC has surpassed the 20k mark and the ETH the 1k mark again or they have reduced in value... Nobody really knows.

I don't see that. Bitcoin keeps staying at $ 19k even though it has been dumped several times to $ 18k4 but the bulls are still very crowded and strong. I don't think Bitcoin will fail to break $ 20k, its buying power is strong right now.
ETH is also a great altcoin, and it will be on par with Bitcoin in the coming days as well. Right now our strategy is to find the right time to buy the two coins and hold it until 2021. Just calm down guys, there will be no more year-end dumps like years ago, be optimistic when people are scared. ;)

It dumped and became lower to $16k but that was just too quick. It is likely that we'll see the same thing of what happens slowly now. Bitcoin will simply break to $20k and it will stay there just like it's staying in $20k. We've seen this before and the next scenario that happened is that it rapidly rose.

It would be par with bitcoin in terms of its rise. It's also stable on the price of $590-$600 and that's giving most ETH holders believe that it will also break to $800-$1k soon.

Let's say it will go down so when price goes to 16 k the buyers will Jump in very fast.
And price will bounce back to 19 k fast.

We are still not sure about this one but the big correction is possible to happen if we didn’t reach a new all time high since the resistance is very strong, strong enough to put the market down again. I’m still bullish on these great two coins and i know they can make it, I’ll keep my eyes on the market.

Eth has got 2.0 in place while btc is already much higher and also touched its new ATH ' but still did not cross above $20k because investors sold near 19950 and there was no such demand to hold that level, so btc broke down to its support near 18600 and holding over 19k right now. It is a tough situation for btc to handle while Eth is the most promising 'looking' investment so far. $800 is going to be the new high for Eth for this year.

Good for eth, it has come to a point that it soar at highest price ever in connection with Bitcoin progress this year. However, it's not sure yet what future it has when time comes that most investors need take their profit. Because, that's the reality of an investment people needs to spend the roi of their money; and it's beyond our control. Short term trading is likely going to happen on both btc and eth one of these days.

I just did another analysis and I think the bitcoin will go to 22000 this year.

The btc might brake the 21k this week  then it would go Back to 19k and stay there... And after that it can even go over 22k

My call for btc are  22,3 k this year*

It looks like you didn't even watch about how much been accumulated by grayscale to buy bitcoin. Each bitcoin needs more than ten thousand dollars and it's not all of retail investors will be able to accumulate a lot of bitcoin.
You must see some management funds will be coming to the bitcoin and bitcoin has a chance to surpass 20k.
It doesn't make sense to think ethereum will be the only coin that is accumulated by investors.

That just happened right? Bitcoin dumped to $16k but it didn't stayed there for a very long time because there's a quick bounce back and we're now on it.

Well, I hope that you've got some accurate prediction from there. $20k-$22k for the end of the year is likely unless it wouldn't break that price and stayed for better on $19k.

So far all my predictions been correct if you look at the history of all my predictions*

But im not Perfect!

With the way things is going, am not seeing btc pumping more than $20k this year, it is likely it keeps fluctuating between $19k to $20k to till the end of the year, eth will definitely pump more before the end of the year.

sorry men i cant agree with you !! i see the btc will make higher move in 1-2 days soon.

jumped above $17,000 to a three-year high on Tuesday as a growing number of investors backed it as an alternative to other assets.

No accumulating? How could you possibly know this? There is no data that shows which rich person bought how much and at what price, it is something we have no idea over at all, and yet here we are considering it like it is a data we were shown. I think as long as rich people can accumulate with low amounts but in shorter breaks instead of buying all together, they would be under the radar and will be capable of buying bitcoin. This is why I doubt that you would know if there is an accumulation or not. By the looks of it we may never know and that is why I can't speak as freely as you.

However we only have about 3 weeks left of this year and I do not see the point of talking about only for a three week period, we have to manage to see beyond that level for sure.

Ethereum has been very bullish from the onset but the agenda against it lead by the bitcoin maximalists controlling the cryptocurrencies focused media platforms won't let that out. It has already outperformed bitcoin in all angles. When utilities is discussion Ethereum has that, the DeFi hype that trending for most part of the year has ethereum written all over it.

Ethereum also had its upgrade that was causing a buzz in the community seeing everyone anticipating it's launched. Excluding the halving of block rewards, bitcoin has no interesting event but since it has the first mover advantage on its side it'll still be the coin making the news with every little step it takes.

I think it's best to not put the two coins against themselves instead embrace them as you'll make more profit using that strategy. Both have huge potential, bitcoin will always be bitcoin, isn't getting overthrown anytime soon and Ethereum is improving yearly, very soon it'll be trading in four figures.

i can and i see if there is accumalation or not.

What would be the next thread you'll be making? counting all of those predictions that you have made and merging it together for others to see how accurate what you're saying?

That would be a good thread to look at how much accuracy you've got with all of those guesses you've made. Anyway, I would really want to see the end of this year will close bitcoin price higher than the ATH that it has made although it has broken its 2017 ATH already.

There is no hurry to break down the limit of 20k. It still has much time to do. In my opinion, there will be good at the end of the year because BTC now is in good form. And maybe it will continue far away if there is nothing unexpected. The year 2021 will also favorable for BTC.

While, that's the hope of every current bitcoin investors, let's not forget the story might go the other way which involves bitcoin dumping as a result of the resistance at $20,000k not been easy to break. We can already see bitcoin reacting negatively after it got rejected from that price. The success of 2021 totally relies on how successful 2020 would be. We might experience another year full of recovery if the price enda in a negative way this year.

Bitcoin will try again to break that resistance, the out come of that event will determine how the price of bitcoin will end this year. Just maybe we might dump again to lows of $16,000 if it get rejected again then strong panic steps in to push the price further down. Lets just hope that don't be the case.

The worst case scenario for bitcoin price later this year is not reaching the new ATH or not even reaching the previous ATH. That's not what people want at all. If this is the case, then I firmly believe that there are many support lines that will fail to withstand a dump in price so strong that bitcoin will be priced at less than $10.000. If so, then we will have 1-2 years for bitcoin to try to recover.

By the way, are you sure now that bitcoin has peaked and its price will down soon ?

Maybe you're right. But I’m still optimistic that Bitcoin can do more this year. Bitcoin has not yet crossed the previous ATH, so it is a frustration for crypto traders, but there is still time for Bitcoin to do much more. Because this time Bitcoin is coming so far based on some solid news so we can expect a new ATH. Maybe it will take some more time, that time we should wait patiently.

Up until this point of time that the end of this year 2020 is nearly approaching just only weeks from now, many people are still expecting and foreseeing that Bitcoin will reach $20,000 before this year closes its calendar shifting to the new year of 2021. Although this was already a close call for we only have few weeks just before it happens, optimistic minds are still looking forward and hoping that what they are expecting can still happen within this year. What will happen this year will also become a new start up and reflection of what will happen on the starting days and impression for the year 2021 so we must hope that good things will happen as we move forward on the upcoming days. Even if Bitcoin will not reach $20,000 before the year ends, still we must have high hopes that the price won't dump to have a good kick start and hope for the year 2021 unlike year 2017 wherein after attaining ATH the price drops and all have come into history before we have experience a great price hike this year.

Oh Man, did I just saw lots of "accumulate"?  ;D

It's half true though.
Ethereum "might" perform well if Ethereum 2.0 will work out just fine.
But that is still unsure.
Who knows if those who bought ETH had enough and just want to take the profits out.
Where do you think they will go? I bet it's not USDT. Might as well put it into BTC right?

Bitcoin price will pass $20k soon. But we don't know when it will happen. Ethereum, with the price now and the new update, need more time to increase and it still behind bitcoin. Bitcoin and ethereum now already down again. And it seems many people are worry if the price will be under $18k because the price is still going down. Hopefully, bitcoin and ethereum will bounce up and reach a high price before the end of this year.

Both of them are doing great and both have more than just doubled up this year after the Coronavirus; Ethereum moved from a very low price and now sits at $500+ and Bitcoin has been steady around $19000 and sometimes below that.

How did you know that there are so many retailers buying ETH more than they are buying Bitcoin? Is it because there have been bigger institutions buying up huge amounts of Bitcoin, and you now think retailers have channelled all their money to ETH?There are still lots of retailers buying Bitcoin and it’s possible that there are more of them buying Bitcoin than you think they are buying ETH.

the good thing for eth is the  upgrade to 2.0  all that coin holders will be reduced when they stake their eth. correct me if im wrongwl with that , if your eth you need to lock it there before you can get your ethereum plus the profit annually you get from staking it for long. In this might be the reason why will the price of ETH will increase more because of reduce circulation of staking in ETH.

One thing that you should know bitcoin has achieved its all time high a few days ago since its price touch the all time low $3500 two years ago.

But, have you see ETH price touch its all time high $1500? it hasn't happened yet, it means bitcoin price movement is better than ETH price movement so far.

Indeed, ETH has a good fundamental factor especially they already updated their system and I believe as well that ETH price could have a good price movement in the future, but would that happen if bitcoin price was only a sideaway or decreased for correction?

I doubt that will happen easily bitcoin is always getting rejection around 19300 - 19700 range and it's very difficult to surpass it. I doubt if the big move will happen for bitcoin in the next days. I think that we will see the price of bitcoin will stabilize around 18k - 19k range to build another support.
There are lots of heavy orders in the bitcoin market. That will create a very strong wall to reject the bullish signal of bitcoin.

I think Bitcoin and Ethereum are very bullish, so I am very optimistic that later this year Bitcoin will pass the price of $ 20,000.
I don't agree whales did not accumulate Bitcoin this year, because there is no way whales would not be interested in the current
achievements of Bitcoin. Whales will continue to accumulate Bitcoin until 2021, so the price of Bitcoin will continue to rise until 2021.
As with Ethereum, the price will increase until the end of 2021, and in 2021 I hope that Ethereum can return to its all time high price.

Both bitcoin and ethereum has been bullish this year 2020 and I have hopes that hopefully bitcoin will reach $20k before the year end there is still almost 3 weeks before the year ends. With the recent pull back I hope the next attempt to break $20k will be successful, if not then I'm expecting bitcoin to be at around $17.5k-$18k in the start of 2021.
With Ethereum, with the launch of ethereum 2.0 I think that will help ethereum keep a steady phase to at least break $650-$700 mark.

I don't want to lock my ethereum and wait for the profit annually. I prefer to use my ethereum to profit in bitcoin or usdt because I believe that the profit will be more than the profit annually. But that will depend on people because if they have 32 ethereum and they curious about the staking on the ethereum project, they will try it. Yes, that could make the ethereum price increases in the market, but we will see it later.

I'm not using any technical analysis to back this up but just my opinion, although the buying force is huge as every dip is getting bought by institutional investors yet we're still in this price that means there's a very strong resistance and people are beginning to lose hope of bitcoin successfully crossing that previous all time high, if not by now we should be trading above $20k, since all what's is happening currently in the industry is bullish signals yet it isn't having much impact in the market.

Steadily the price of bitcoin is decreasing but we aren't taking that seriously since the media keep painting the picture of the market been bullish, few days back we were trading above $19,000 but now bitcoin is barely holding the trading value of $18,000 as it's struggling with in that price.

It'll take more than what's currently happening in regards to more bullish news for the market to pick back it's momentum as without that, bitcoin would end the year in a bearish state which won't be positive towards the growth of bitcoin next year .

I thought it won't then I thought it will and now I don't think it will.

The Bitcoin price slides back to $17.9K now having a pull and push at $18K. Ethereum might reach another ATH this year with the 2.0 coming up, there are even some articles that talk about eth hitting $10K which is possible but I think that possibility is just ranging from 1-3%? so I don't think that would be happening this year the next or the next of it. Maybe Bitcoin at $40K before it happens.

I hate the idea that after this years ATH bitcoin price may get back dump and yeah if its true that history repeat itself then i guess we will going for another three years to come to be able to see the bitcoin in its ATH if we wil going to conclude that the history really repeat itself. Hopefully what was the current price or ATH will stay there till next year to break the curse  that bring of history repeat itself. So far aside fron bitcoin, ETH and XRP were at good market too and best thing to consider too.

I am not really against locking ethereum in and waiting for it to make me profit, as long as I can make a profit from something as awesome as ethereum, I will do that. However if you do not have too much ethereum (starting is 32 eth and you need more to make a decent profit) you are not really making enough money to make it worth it.

Ethereum will give us probably something around 5-7% and when you invest 32 ethereum there, it will go up in ethereum thanks to interest rate, but it will also go up because ethereum will probably worth more in the future as well, but that is about 50% at most in a year, and there is a chance you may even lose money if eth goes down. People in crypto are not here for small returns, they want huge returns, doubling their money if they can.

No dump 20k is just starting for bitcoin!!

Obviously ethereum will find it difficult to reach the high value predicted because we know that ethereum does not and has not shown that it can move on its own without due to the increasing boost from bitcoin. If that's what ethereum management is doing, it will be very difficult to fulfill, even if it is to be fulfilled, of course bitcoin must reach its highest point first.

currently bitcoin has reached $ 22K + but ethereum can only reach $ 642, how will ethereum reach $ 10K?
how much do bitcoin have to achieve in order for ethereum to reach such a high value? very hard to imagine and like you said maybe even if bitcoin reached $ 40K I'm not sure ethereum will do it. It must be from ethereum itself to improve its performance, the problem of gas fees alone cannot be resolved.

It looks like the opening post analysis is wrong by doubting that Bitcoin will cross the $ 20,000 price tag. Even though the reality is
that Bitcoin has now managed to reach a price of $ 22,000. But I don't blame the opinion of the opening post, because I myself also
wrongly predicted the price of Bitcoin and was quite surprised by Bitcoin's performance this year. Indeed Bitcoin always benefits its
holders, even if the $ 20,000 resistance is breached. There is a chance Bitcoin could hit a price of $ 25,000 later this year.

Then regarding Ethereum, which is predicted the opening post will perform better this year than Bitcoin is not quite right. Due to
the fact  Bitcoin performs much better than Ethereum, but that doesn't mean Ethereum is bad and not worth buying. However,
Ethereum's  performance will always be below Bitcoin, because Bitcoin is the king of cryptocurrency.