Bitcoin Forum

To get to $20k by end of the year using just steady growth, not even with a new boom phase starting, would just take an average of $320 gains per week.

There's 36 weeks left in the year, BTC is at $8500. That's $11,500 to go to break the ATH and touch $20k. Comes out to $320 per week. I don't think anyone  would say a $320 weekly gain for Bitcoin is very much. Granted it has to average that over 36 weeks, but still, looking at it this way $20k in 2018, building up to a 2019 boom, seems like it won't be that hard.

Should be a good year for making money from these prices onward!

if we are looking at our history,i do not think it will happen this year because right now everything is out of control.
right now we could see the rise on Bitcoin price but it does not mean we are making a reversal trend.
usually when we got a huge dump,
Bitcoin's always started to recover from its place before making/breaking another ATH.
from that point we may see a few months time for Bitcoin to recover its price and starting its reversal trend.
so i believe at most we will see it around $15.000 more or less this year and starting to break its ATH in 2019.

just HOLD it,HOLDDDD

If you are going to analyze it $320 gains is really achievable as a average gain. However, we all know that bitcoin can't go on a parabolic rise plus the market is really volatile so its hard to see it gaining at the levels till the end of the year.

But we have seen bitcoin make significant rallies in the past, huge pump of almost $1K one day. So I'm thinking at the long run it might be possible to get to $20K at the end of the year.

I wouldn't be surprised if we go and hit another all-time-high in December. Nonetheless, I would not put to much expectations on it so that I will not be disappointed if it didn't get there. At least though a price of above $10K-$15K will be a safe price for all of us.

Well I mean sure if this is a bull trap and not a reversal of the downward trend and bitcoin is about to head down for another couple months then that would invalidate the $320/week needed. But assuming that $6000s was the bottom and the market has now shifted to being positive with slow growth, all it needs is indeed slow growth at $320/week to do it, which IMO is very doable. Just a nice way to look at how it might not be that hard at all to see $20k bitcoin this year.

Its too simple to make such an analysis. We all know the markets are volatile ans as long as
there is trading and speculation they will continue to be volatile.

Consider also that crypto is very news sensitive, it can sway either way in reaction to news,
positively or negatively.

And as if to prove my point, Bitcoin is up $400 just in the past hour!

OP is estimating the gains through weekly but he didn't consider that there are gains which also happens every minute, every hour.

Better but we've been there at all time high so it's normal for us to expect more than where we are right now.

It was a quick $8,800.. waiting for $9,000+ on Monday.

you made good calculations and gave you the idea that you worked on these calculations, the problem is that this year there is a lot of pressure from governments and central banks, regulations are becoming very rigid and they are creating fear in people, they stopped the rampant race of ICOs, the exchanges are with one foot in the hole, in short, we're not going to have that race we had last year. I also wanted to see $ 20,000 this year, but I find it very difficult to reach that price later this year.

New York Attorney General’s Office Launches Inquiry Into Cryptocurrency Trading Platforms (https://cointelegraph.com/news/new-york-attorney-generals-office-launches-inquiry-into-cryptocurrency-trading-platforms)

As I said, governments are intensifying their attention to crypto.

Bitcoin will never move in such an arbitrary way. There are still many people who think bitcoin will fall further and those that don't expect to retouch the 20k high again this year, then there are those which think we will go on another massive run like in 2017. The reality will likely be somewhere in the middle. If BTC could hit 20k by year end it would be another show of strength and resilience and this time much more so in the public eye.

That is assuming if bitcoin continues its dominant growth shown through the last week.

I personally don't think that we're going to see an all time high being broken this year. We very rarely see markets make a full recovery and go on an ultra-bull run that fast, within 1 year. As I've said, I feel like although currently the rally may take us to $9.5k+, it's most likely not going to crack $10k yet. Even if it does, the downward selling pressure may start mounting soon after we're above 5 figures.

Also, bitcoin growth is never this regular. We never see every single week of the year being in the green.

I'm leaning towards 2020 as the next main bull market, it should be quite easy for BTC to crack the all time high set last year then. But this year, I don't think it's happening.

I didn't mean to say it will be regular steady growth, I'm saying all it needs to do is AVERAGE $320/week. This week has been a good week and its up $800 right now in the past week. And of course the previous week it was up over $1000. And of course there will be plenty of down weeks. But an average of $320 gains per week is not very much. That's nothing close to a year like 2017, thats just moderate growth over the course of 8.5 months. 2019 will probably be when the craziness begins again and it'll launch off of $20k. But hey maybe it'll take a lot longer and the next bull market won't come until 2020 as you suggest, but just saying before the next bull market happens, it doesn't even take much weekly growth on average to hit $20k again this year.