Bitcoin Forum

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

@GmAdvice I’ll answer yes and at the same time I’ll tell you that, it’s quiet possible that bitcoin prices may not cross $20k by the year end because of it’s volatile nature. @mk4 while I’m not a fortune teller, but I can see how it’ll go with the fortune teller as the FT will tell him the same thing like we just said here. I hope now you’ll understand that no one can predict what will happen with bitcoin prices, as we all try to make predictions based on our gut feeling. Therefore I’ll advise you to do more research about bitcoin prices, as I feel you lack the necessary knowledge regarding it.

I like the sarcasm.
But it is really hard to predict it with certain. The market value of not only Bitcoin but also most of the cryptos are naturally volatile. The market price is changing from time to time which makes it impossible for just anyone to correctly determine what would happen next. Every expectation whether it is from the majority or an individual, is just an opinion.

Going back, it is too early to make an assumption that Bitcoin's market value would be able to again break the $20,000 barrier just like what happened before. There are still many things that could happen not knowing if it would benefit the market prices or not. Many people are anticipating the halving in which they believe, will boost the market price of Bitcoin to its all time high, but that is uncertain. We won't be sure of it unless we see it on actual. So maybe, waiting for that day to come is the answer to OP's question.

Best thing to do at this point is to invest and trust the process. The market value by the way, is currently at the $10,000 mark which could be higher few days from now. But also, backdrops are still expected.

If you will look and compare to the previous halving, maybe yes, price doubled 6 months after the halving ($600 on july and 6 months after -  $1.1k+ on Feb.).
So 6 months after halving this May, maybe we can get almost doubled the current price assuming it will be stable til may. But, let see, since anyone want it anyway.

I don't think will happen so soon, maybe yes but only after halving, but i not have so big hopes.

It is never too late to buy; but if you are not able to keep an eye on the charts to wait for the inevitable correction in this new bull market (to get the best price) just dollar cost average your buys.

With the price almost reaching the $10,000 mark a lot of predictions have come out stating this and that but we really don’t know which one will happen and I think we will experience FOMO again because of this and with that being said, $20,000 isn’t around the corner.

Over the years, all I can is that everything can still happen in a blink of an eye with bitcoin. It is still very volatile. We are still in early February and the price is already $10,000. So a longer bullish period can break $20,000. This is also the bitcoin halving year. So who knows?     

Bitcoin is once again in bullish mode so we will expect more experts and gurus to suddenly appear. 

It can but I don't think that it will. Breaking an ATH will be a big deal because a top that started a bear market becomes a strong psychological barrier.
I expect a dump if we get close to 20.

Also many people will try to make up for the money they lost in the bear market. They won't care aboout possible future gains if thgey hold past 20 thousand. All they will focus on is to reduce the losses and exit with minimal gain.

There is a high chance Bitcoin could reach $20,000 this year. I think it would reach it earlier than what we've expected because, currently Bitcoin's price is already beginning to break into the $10,100 barrier.

I predict Bitcoin's value to reach $20,000 by the month of August-September if the price of it would continue to pump gaining momentum over-time.

Anything is possible to happen in crypto so yes there's a chance.

However it would be better to have less expectation because we dont know whats on the future.

For now just buy bitcoin if you think the price will hit $20k by the end of this year.

Seriously--but I guess that's what this section is all about, guesswork. 

I'd certainly say bitcoin is on track to hit $20k at some point this year, and I'll bet the halving (or at least the anticipation of it) will be a driving factor.  But as I've said before, I'm not hoping that bitcoin starts going haywire around May and I think $20k by the end of the year would be a more reasonable target.  2017 was a fun year for crypto, but the hangover was hell on wheels and I'd prefer to avoid a repeat of all that.

I hate that word dump in the context of bitcoin, but I know what you're saying and I agree.  Lots of people would start cashing out if bitcoin hit a new ATH--it's understandable, of course, but the subsequent drop could be massive.

Maybe. It's possible in theory. But who knows?
Some analysts predict that Bitcoin will be at $100,000, another ones tell it will fall suddenly.

Welp, in my defence, this thread was previously on the Bitcoin Discussion section soo yea.  ;D

Same opinion though, $20,000 is quite likely I think due to the having hype. It can also be likely for us to retrace back below $20,000 of course after reaching ATHs. Though at the same time, $20,000 might be hard to break due to some psychological barrier with people wanting to sell near that price just to break even(from those who buy at the ATHs in 2017).

Possibly, even more, we are already halfway and it's going strong and we are not yet in the halving week a month or two before the halving we can speculate if there is a chance for another all-time high, but right now there's a big chance that we can reach $15 before the halving, this is the best time to speculate on the best price Bitcoin and other coins can get.

Yes as always.

But the justification for this is that no one can tell you exactly what will be the price at end of this year. It's all about prediction and speculations.

@OP why not? See, still in the month of February and Bitcoin is beyond $10,000 already. Anything can happen, no range is impossible for Bitcoin to reach. It could consistently rise more than $20,000, and It could potentially fall below $3,000. But, let's consider this year to be bullish, brought to us by the upcoming block halving, and yes we're heading towards that price level.




That's always gonna be the case, specially those quick sellers who are always itchy to press the sell button when Bitcoin reached a good figure to sell.

the potential is there, even large, it's just like the current conditions, the price of bitcoin is again below the price of $ 10,000. we don't know how far bitcoin prices will go up this year, but I think the potential to reach $ 20,000 is there but it's not that big. however, I believe the price of bitcoin could be above $ 15,000 by the end of this year.

I guess bitcoin price can cross $20,000 before the end of 2020, and the chance is big to break that price. But we don't know if that will happen this year or not because bitcoin price now still unpredictable, and we can only get ready for that time. If everything can run smoothly, then bitcoin can increase slowly, and bitcoin prices will hit more than $20,000.

From now on, we should be trying to make more and more profit in bitcoin so we can sell at the right time so we can make a big profit by selling the bitcoin. Perhaps, it will need the patient to make that profit, but if we keep trying, I am sure that we will have much bitcoin that will be ready to sell at the highest price.

End of 2020 is still far but we are at 10k level already well it got back to 9.8k level now and seems corrections are being applied there's a huge gap between market orders and I can see it still going to go down until 9.2k to 9.5k. Anyway we are just on the second month of this year I know it can reached 20k before this year ends plus lots of event are anticipated to be reason of potential surge of price especially the halving of btc which can boost its price more.

We'd like to see bitcoin's price reach to $20k within this year but if we could notice how the market moves, it actually been hard to reach for that amount. If we could recall last 2017, there is an amazing trend but the price never touches to that certain highs $20k. Well, this year could be some sort of excitement and full thrill but I'd never think or even very optimistic that we are able to touch $20k.

Approx. yes, it may reach $20,000 if only we can maintain the trend. But if we dump more, just as we saw today from 10k+ to 9.8K... it might be hard to really reach 20k. And we may have been trapped in a bull run already. I'm guessing staying 50% USDT should be considered a safe bet at the moment.

Depends on what the public react to the halving. I can't exactly pin point what will happen but the year 2019 ended a bit bad where the price went down and down whereas now it is getting bigger again, not in a skyrocket motion but slowly going up which usually means there are people who are buying more bitcoins every single day compared to people who sell bitcoins, that is usually the accumulation phase of something and it scares me. Why does it scare me?

Because, if people are accumulating right now, when will they sell for profit? Will it be right after halving? Will be way after halving? When will they sell? Will they even sell or just a good investment for them? As long as we do not learn the answers to these questions, we will not make any sort of resolution for it neither.

According to the current market conditions it looks like it may go again to moon as halving is the big thing which has setup in May, I personally feel like BTC will skyrocket again. Because it's already proving the year's best investment as we are in the first quarter right now. But still anything can happen in crypto currency due to its high volatility.

A $400 drop in the price in a single day isn't exactly a good indication of what's to come in the upcoming weeks or months. In fact, such a small pullback could mean that we're bulding a strong floor before testing 10k and above very soon, so if there's a bigger dump, then there'll be some support around the current prices (9850 at the time of writing).

Also, these sort of price changes are still within the range of what many consider normal fluctuations in the cryptosphere. All in all, it's still very likely that we'll see 20k this year.

Are you speaking in terms of this entire year? You might be expecting a way lot smaller price if you consider for long term. This year is going to bring some positive revolution after the bitcoin halving process ends. This would bring a huge price for bitcoins as even in the starting 2 months we have seen bitcoins crossing $10k so I guess bitcoins might cross $20k before the halving itself. After the halving, prices may continue to rise higher and higher. This year we could really expect the bull runs to arrive and in situation of bull runs the price quickly move higher and higher which would never take much time to reach $20k.

Demand for bitcoins will rise after the end of May 2020 which would make a lot of people invest into bitcoins. This would make the price cherish as it did last time in those bull runs. These bull runs are expected to be more huge than the ones we experienced in the year 2017.

What link do you make between a so-called support at 10k in february and a rise till 20k before the end of the year?

IMO it will be very hard for bitcoin to reach its ATH during the next 10 months, it would represent +100% from the current price, it's a huge amount.

Moreover I don't understand why people are talking about 2017 here  ??? There was no halving in 2017!
 

Why we consider these as normal fluctuations is because we all know how volatile the cryptocurrency markets are. I would personally not even care even if the price moves by almost $1000 in just few minutes because it is already what I expect from the cryptocurrency markets. Also, it never means that the price would start dropping just because we saw a $400 dump.

In fact, what I can observe is that the price has a initial dump before it could pump to a greater price and this is what might be happening currently. The price has started us some growth and such kind of dumps usually might occur due to the panic sellers who never have patience and sell their coins as soon as they see some good price. At the same time, some experienced traders are waiting for such dumps where they could enter the markets and than see the markets growing back again.

just having enough knowledge isn't enough to make bitcoin prices go up. I think we need action, and I think the current increase in the price of bitcoin is still happening slowly. however, investors are slowly investing in bitcoin, and I think the price of bitcoin will go up later this year, right after halving. However, this year I didn't really think about the price of $ 20,000, even to reach the price of $ 18,000 it has become a very good move.

@Juggy777 Yes you are right, i'll research more about bitcoin thanks.. :)

Yes, i have aslo a strong gut feeling that bitcoin will cross 20k by the end of this year

Ohh really, then sir what do you think when bitcoin will cross 20k?. Can you please tell what affects will increase the price of bitcoin

2020 still a long way to go, we are still at the first quarter of the year and the price of bitcoin is already at 10 185 usd as of this moment. And the halving is still not happening so 20 000 usd price barrier is not impossible for bitcoin to achieve before this year will end.

If the market will continue to behave like this where bitcoin increase reach to 37% in less than two months then 20 000 usd price will likely to happen in the third quarter of 2020.

It's totally possible to see bitcoin reaching that price but even we already in the 10,000$ still, there's a tendency that it will fall back again just like what we experience a few days ago where bitcoin drop up to 300$ in just a couple of hours. We are now in the 2nd quarter of the year and still a long way at the end of the year so expect the unexpected like what will gonna happen after the bitcoin halving. And, its either going upward or downward. But, I'm optimistic that's why I can say it will gonna go upward. This is the current price of bitcoin 10,274$ and in just a blink of minutes, it will gonna change. So even the price of bitcoin is too unpredictable somehow it's possible to see the 20,000$ or more at the end of 2020.

Definitely not. If you think it will push through $20,000 by the end of this year, then you are wrong, i'm saying this because i am certain that it won't even going to touch that $20,000. Don't just get your hopes too high yet even if you think there is a Bitcoin halving it won't change the fact that halving will always occur after some months from a decline of prices. Save that $20,000 expectation next year you will probably gonna see it soon.

That is going to be a great challenge and we can see this during the correction that happened during the last year, bitcoin went up in value but as soon as it seemed it could get close to 20k people began selling and the price crashed, if bitcoin gets close to that price people are going to get anxious and will begin to sell their coins expecting a crash and if enough people do this then the crash will happen, so it is going to take a while before we see bitcoin at 20k once again.

I still think that we have a lot of infrastructural changes to be made before we can go above $20k and stay there. People want the price to go upwards without thinking what it could mean when that happens. Last time we went up that much, there wasn't any new money coming into bitcoin which resulted with the same money in the market without any new coming it and whenever people left the market that destroyed the price bit by bit to lower eventually reaching to $3k levels.

It means if we want to reach to $20k levels once again, we first have to make sure there will be more money coming in constantly, otherwise we wouldn't be really "going to $20k" we would be just "stopping by at $20k before going down" and that is not something we can do twice anymore, it is very very risky.

I give an answer of 50%, yes and 50% no for Bitcoin will Bullish up to cross $ 20k by the end of 2020.  many also predicted that Bullish would be high after Halving but in fact, predictions often did not meet expectations.  my advice.. collect Bitcoin little by little until the end of the year, maybe the price of Bitcoin will cross up to more than $ 20k, but the choice is yours.

Fortune Teller ?? I do not believe their words (Fortune Teller), if they can correctly predict the future, then they will be very rich  :D

Prediction says yes but time says maybe, and for me it should be beyond that level again. Bitcoin is pumping good right now but it can’t tell much about its future price. Many believes the price will go up after the halving and we have to wait for that to confirm if we are going to see the new ath this year or not, just stay positive as we still have 10months to fulfill this dream price again.

Maybe it should arrive at the level of $ 15,000 so the chances will be a lot to reach $ 20,000, with this much time we have to wait until bitcoin is able to be at the level of $ 15,000. But with the current increase it shows that there is a lot of demand so that bitcoin can continue to rise and this is related to the halving that will occur this year.

it got some demand but i dont say alot because why the price is only at 10k levels ? alot of demand means the price is already over 15k or much more than that .   the rise of the price is not only made by halving but also because of the corona virus because before when there is no corona , the value of cryptos were only stable   .  20k usd seems hard to achieve still , so yes your right that we first need to see a 15k usd and the things will be more easier because the more the price gain the more people are dying to grab thier hands on crypto due to fomo  .

No one can be sure of this, but with the positive signals from the market in the past, I hope that your predictions will be accurate. This year it would be great if BTC could break ATH and surpass $ 20,000, It will help us get more new investors into this market and certainly the altcoin market will be as vibrant as 2017.

YES, IT CAN! However, I do not think that it would. $20,000 before the end of the year falls within the realms of possibilities. The bitcoin halving later this year could also be significant, but I do not see it's the effect influencing the price in that direction before the end is the year.
2021 should be the year bitcoin skyrockets.

This is just my opinion and should not be taken as a financial advise

Many people want to see bitcoin cross $20,000 this year, and it might be possible to happen because bitcoin will halve in the middle of this year. So that can trigger the price to increase higher, but we don't know if bitcoin price can increase fast or slow because until now, bitcoin price increases slowly. We can hope that if bitcoin price is down, it will not go down for more because if bitcoin price down for $9,000 level, it won't be very easy to rise to $10,000. But for reaching $20,000 will still a mystery to happen because we don't know when it will happen.

Of course it can happen, but as long as the market continues to grow and not collapse. $ 20,000 is not too high a target for Bitcoin at the moment, just a large pump works, I believe the price can go up in just 1 month.

I wouldn't count on that. Don't base your predictions only in form of wishful thinking. Everything is possible when it comes to Bitcoin, that is for sure but I don't like exaggerated predictions that are not based at some data.
We all expect that every new year would be the best year for Bitcoin so far but market isn't always following our wishes.
To my opinion Bitcoin price this year will not go higher than 15000$ if it comes that high at first place.

it seems like halving really has a pretty big effect on crypto users. This makes many people believe that the price of bitcoin can reach $ 20,000. actually, I also believe that, but for now, I am not so sure. I honestly expect the price of bitcoin to reach around $ 17,000 this year, and most likely the price of $ 20000 will be reached in 2021. For now, I only focus on seeing bitcoin prices try to stabilize at prices above $ 10,000, even now prices are back below that.

I still find it strange that many people don't know that the current market has priced the halving event already. We may just have the true market value for the current crypto Era. If we were to hit 20k it would truly make us reach a new hallmark in crypto development. I'd love to see it too. But from this point of view, honestly it appears hard.

It seem's that most of the TA's are expecting it to break a new ATH because of the up coming halving.
And I think that it could cross $20,000 if the bull run continues.
There is always a chance that it could make it since we still got plenty of time or day before the year ends so many things could still happen.

Bitcoin can do it! We have seen in the past how bitcoin surge from one level to some higher one's, in days price can move in thousands of dollars. If I remember correctly in 2017 bitcoin made ath in just 2 weeks, from 2k to 20k, that can be checked who wish to know accurate info, to me that's not so important, bottom line is that bitcoin can rise in price exponentially in short period of time, but that is a two way street, it can drop too.
As a gambler I see everything in some odds, chances, call it as you like. Chances for bitcoin to make new ath this year are low in my opinion. What we currently see is some preparation for some future bull run, but that will not happen soon after halving. The halving is a big event for bitcoin community, but except hype around the price there are other important questions too. We will have to wait halving, some time to pass and things to settle and only then we will have a bull run that everyone waits for.

   We all see and wait for that bull run. Many people predicting the bull run this year, some predict bull run for the next year. Some experts
talk about specific months when will it happen.
   I think that Bitcoin price is capable of achieving $20k this year. If more people joins, if we get more interest from governments and companies
Bitcoin can go to $20k in less then a month, and until the end of this year we have 10 more months.

precisely ATH previously occurred on Dec 17, 2017, at a price of $ 20,089. it is the highest price since bitcoin was made and has a price. if you look at prices at the moment, it is clearly needed more than a 100% increase. I'm not sure about the price of $ 20,000 at the end of this year, but there is little hope from halving that could push the price of bitcoin closer to that price. if prices can reach $ 20,000, I'm quite optimistic that it will happen in 2021.

YES IT CAN.

NO IT WON'T

But  This March it will cross 11111

 Next year {2021} it will cross 22222

We already have so many fortune teller when it comes to crypto just visit twitter and you could find so many fortune tellers who are predicting the crypto price.
You could always ask the same thing every year and all you could get is the same answer "Yes it could get up to $***** by the end of the year" .

There is a technical signal: the golden cross, the 50-day moving average rose above the 200-day moving average. This could translate into a nice price hike...
The last time it happened was in April last year and what happened in April? Bitcoin went from ~$5k to ~$12k in a 2-3 months period.
Imagine Bitcoin @$30k on May ^^

Indeed imagine that....

Though I think there are to many n00bs creating threads with a dumb and always similar question "Can BTC hit or break or... X-price mostly a higher ones" Then they probably watch some responses hoping for the bullish ones among us and based there quick rich buying upon those  ::)

Every other day the same thread, can BTC do that in this period of time ??

No one knows and please buy cause you know its good and world changing material, buy because you learned something about it and why its convenient etc Not because you only think its gonna increase % in a short period of time....

Last year I answered a similar question and I answered yes because I am very optimistic that bitcoin will make a new ATH last year but it didn't happen, so this year I will still believe it will happen, I won't stop believing and actually this year has a great start and I like to believe that people are really hype with the upcoming halving.

No! But maybe 15k will be it's highest and it will just play around it.
2021 though will be really promising. If we look at the charts, 1 year after the halving is needed before the value of bitcoin appreciates.
I think miners would not really feel the pain of the halved block reward yet within this year. Just my speculation.

So expect more dips and pumps in this year. It will be a crazy one.

Why not put a realistic goal of like $12,000-$15,000 this year and wait for 2021? Yeah, like that prediction, but people here wanted to see the price goes to $20,000 and relieved that 2017 again. Different time folks, as much as we wanted to see that price goes on parabolic rise, much better to wait and see what happens after the block halving.

It could reach more than $20,000 for all we know, however, it will really take some time and maturity again before we can see the next big bubble.

$20,000 is still a realistic range considering that we're still in the 2nd month of the year and Bitcoin touched the $10,000 level and there's still enough block halving hype in the market that could potentially put the market in a positive run. I can still remember there was a gradual increase of price from the last 2 halving before the event took place, then skyrocketed after a year. Like what happened in 2016 halving and 2017 ATH.



On 2021 maybe? More than $20,000 means new ATH. I would love to see those figures and market reactions.  8)

If the market continues to grow then why couldn't it cross it?
The FOMO from halving could make it happen if the price continues to increase rapidly,
We might not need to wait for the end of 2020 to see it cross $20K again.

no doubt that Bitcoin can,because in 2017 we made that value so what more now that investors are multiplying and just only waiting for the right time before blasting their investments?and also we are just in the first quarter but look at the market?the capitalization even grow at least 30% things that made us all believe that we are in early halving Bull running.so just wait for the next months and we will see that 5 digits value will be attain again.

hope that will happen soon. however, I think that the price of $ 10k is not stable at the moment. 2 times there has been an increase above $ 10k decreased again at the level of $ 9k in a fast time. so far, the price of $ 10k has not lasted for 1 week. even so, I still believe the development of bitcoin can reach the potential of $ 20k.

Yes, so we can wait for that time to come, but meanwhile, we can buy more bitcoin from now one before the bitcoin price started to increase higher. If Bitcoin price starts to grow, and we are not yet buying more bitcoin, we will miss the time to sell bitcoin at the highest price. I guess that the situations will be like this, I mean, the price will be up and down for more, and the price will hit the high price and then it will go down for a while, and then it will go up again. That will happen like that without we know how high bitcoin price will increase, but if we can be ready for the time, we can get a good time to sell bitcoin.

The end of the year is not the measurement, Bitcoin can hit 20K USD anytime this year. As the FOMO is spreading well and Bitcoin price still in the growth zone, so, we can expect 20K USD after the bitcoin halving, but no one can confirm you about it, because as you know future is unknown to everyone.

It is early to have prediction that bitcoin may achieve $20,000 per each, it is still the first quarter of the year and we are not yet sure if this bullish trend will come to end or it will continue in many months. I accumulate bitcoin because of its explosive breakouts, where it indicates that the buyers are in control.

Of course it is not, by the end of the year meaning until the end of the year, so it could reach either before or at the end of the year.
Most people who are optimistic that bitcoin will rise will also think that bitcoin will surpass it's ATH this year and that would mean even over $20,000.

The real catalyst for pushing bitcoin prices toward a new ATH must be halving. I believe halving always has the power to launch bitcoin prices at at least ten fold then why not $20k. But, when we look at the timing of new ATH and halving then we are becoming pessimistic as new ATH takes its own time after the occurrence of halving. So, there are equal probabilities for new ATH in 2020 to be happening and in 2021. I am sure at least the first quarter of 2021 must be highly bullish so plenty of chances for prices to be at new ATH.

Anything may happen with bitcoin prices as FOMO may launch prices to new ATH before halving and if that happens then we can see $100k before end of this year. Then one million dollar levels may happen in 2021 :D yes, FOMO can do any magic!

Even a fortune teller can't do that not all fortune teller can predict 100% of what's going to happen, in fact even if that fortune teller happens to have have all the chart and candle sticks analysis in front of him, but in my analysis it's going to be more than $20 k remember the supply will be much lesser.

The real trick is, what will happen after the halving, that is the real question, depending on the answer it could easily go beyond $20k or it could go under $7k and we can never know what will happen until it is too late and already happened. What will decide on this is how will miners and traders react to it, depending on how they react we could definitely have a lot of difference in the outcome.

If miners are still making profit with $10k price for example (which they might, all depends on their hash rates to electricity to difficulty) they will not stop doing what they are doing right now, they will probably only focus on their profits and if they still profit that means they won't do anything.

Aside from that people who bought and expected a huge raise may end up not caring about all that much, which may end up with them selling because they are disappointed. These are the bad parts, the good part is if everything is in reverse, it may go above $20k as well.

I think after BTC reward halving the mining will be less profitable, additionally over 80% of BTC max supply have been mined, thus BTC's price will be slowly increasing. Maybe it won't reach $20,000 by the end of 2020.

Almost all forum users, like other cryptocurrency users, primarily turn their attention to future halving, which in one way or another should affect the entire cryptocurrency market and directly on the price of bitcoin.  But if you predict what kind of changes will be, then personally I expect only an increase in the price of bitcoin, since the previous division of the remuneration to the miners twice led to just such consequences.