Bitcoin Forum

Bitcoin has gone above $8,000 after a continuous upward movement since last week. Analysts believe a bull rally has started. Hedge Fund Manager Mike Novogratz shares that the next step for bitcoin price is $10,000 and then straight to $20,000 while in coming months custody and regulatory clarity are going to bring in a herd of institutional investors.

Reff: https://coingape.com/bitcoin-smashes-8k-mike-novogratz-says-next-10k-to-20k/

How many months Bitcoin need to reach  $20,000? John McAfee also predict Bitcoin Price Reaching $1 Million by 2020. I can't wait until 2020 then see He eats his dick.

Just another speculation. This surely is what anyone wants but we just can't know if it really will reach that high again. Let's not get our hopes up though but still stay positive.

It's highly possible that a strong momentum will push bitcoins back up to a new all time high this year.
Right now people who short bitcoins on the way down are buying back in, that's eating up the sell walls, and some people who wanted to sell are removing there sell orders to see if they can get a better price in the future.
So a fast uptrend from 10-12k up to 20-30k in a fee weeks are possible.

Good news to especially those who were bought in December because they were able to get rid of their losses this past. So, those who have not been buying bitcoins are now buying because of the fact that in the next few months it will cost $ 10,000 or even reach $ 20,000 and re-record the new all time high.

I strongly believe no matter what happens, bitcoin is once again on its way to $20k in a few months time or by the end of this year. Many people have been holding bitcoin for a long time to see it get there. As bitcoin is getting popular with each passing days, its demand is also increasing so the price would also increase.

this is the same trend that we had a month or two ago where price went back up from the bottom at $6000 and tried breaking the $10k resistance. now we are back on the same track going up to test the same resistance once again.
last time the drop got bigger because it was accompanied by a lot of FUD and bad news such as big exchanges getting hacked. this time it won't be the same because even if $10k is not broken we won't go back down that hard.

everyone seems to become experts these days about bitcoin and its price so they want to spread their "expertise" about it also! and all of them without any exception are fools trying to gain some momentary fame on the internet and at the same time make their names heard.
otherwise they have no understanding of how bitcoin market works. sometimes their guesses come true and most of the times they are just forgotten since their guesses were pure bullshit.
in any case clickbait sites like the one OP is advertising love this kind of news.

I do agree with Mike Novogratz since I have checked the charts and in my analysis we will hit 10k$ by the end of this month of July. This coming August we will be not so sure if we can move up to 20k$ but there is a high possibility that we will be seeing 13k$ to 15k$ this August if there will be no surprise movement from the bearish group. Good luck to us all.

This provides somewhat of an assurance to all of us but we should know that this still is just a speceulation and ltake this with a grain of salt but still be positive.

LOL.  Another speculation.  Another fund manager will predict 50k, 100K or a million.  Everybody who hold bitcoin will love this idea.

Doubt it would go that fast :) Bitcoin price (https://coincodex.com/crypto/bitcoin/) will for sure go above $20,000 this year again. But not that fast :)

Why not? I think the price of Bitcoin will probably increase to $ 20,000 again this year. You should remember that Bitcoin's price has risen from $ 1000 to $ 20,000 a year in the past year. So, Bitcoin prices this year may rise to $ 25,000.

He will not eat his d***, he will eat in gold plate with gold spoon and all crypto haters gonna dive into bank debts.  ;D

Even if bitcoin will reach $100k by 2020 many late investors will also become millionaire and by McAfee tweets it looks like he have heavily invested in different coins along with bitcoin so he might add few more billion dollar under his name by that time.  ;)

Nobody can actually predict the crypto-market precisely...

yes definitely this is a bullish uptrend for bitcoin,not only Hedge fund manager but also many expert predict this year will be good for Bitcoin and now bitcoin can break its ATH $20000 price. yes we already see in this July bitcoin price crossed 8000$ price and moving upward.i hope these predictions will be correct and we all bitcoin lover make profits.

It's entirely impossible. Even if you 'correctly' predict the market, it's still based on luck. If people remain realistic with their predictions, the odds of being right or wrong are close to 50%. The more unrealistic your predictions become, the lower the odds become of being right or wrong.

That's why it pays off to conservatively look at the market as a whole. Great thing is that you can limit your risks as much as possible by using a fraction of your balance to go long or short with a mild leverage count. This however only applies to people understanding the risks of using leverage. It's definitely not something to underestimate. The higher the leverage count is that you use, the sooner you'll be busted out of your position if the market goes absolutely nuts in towards the opposite direction. Busted in case of BitMex means that you lose your entire trade.

I really hope this rise isn't pure ETF related. Either the ETF passes, which I'll be amazed if it does, and everyone sells the news as it won't be in action until next year anyway. Or it doesn't, which is vastly more likely, and everything flies down the toilet. It's a bit sad how the same old thing is latched on to time after time.

Well, it is definitely possible to hit $20K level for Bitcoin through some organic and non-organic ways. In fact, I believe that we will see a fresh all-time high level in this year itself. There are the investors waiting to invest in the crypto market whenever it will get a proper sustainable growth momentum and on the other hand, big whales and institutional investors are waiting for the same but they have already started investing during the market correction.

Yeah and this is a totally different year. Last year it went to $20k during a big bull run. November and December was the mania phase after months of people hearing about Bitcoin constantly. The hype among general public is non-existent in comparison now because it's been crashing all year. Only way it goes to $20k this year is if institutional investors or ETF single handedly adds like $7000 to the price.

Interesting. I have a lot more respect for Novogratz than most of the other bubble forecasters. I still think he's jumping the gun here (though I think we should go higher in the mid-term).

And I'm not sure why $25K would be a significant level, either. We've spent far too long correcting the past 7 months to double-top near $20K. If we make new ATHs, we're going much further.

He's the one that predicted will be $40,000 by the end of the year.

I have more respect to him too after I've heard his predictions last year which I only watched after the prediction happened.

Give up on him already.

I don't see anything interesting in these active faces in the media thinking to know more than everyone else. It's a guessing game that he's participating in, and time will tell how much of his talk will turn out to hold any value.

People are too bullish at this point, which is quite an indicator that there is a decent sum of money to be made by shorting their excitement. I'm thinking about going short between $9500-$9700.

If we happen to reach that far, the price has gone up considerably in a very short period of time and is due for a correction. Breaking through the $10,000 mark will form too much of an obstacle considering its importance.