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Bloomberg analyst shares why the bitcoin price will double to 20000$ this year in 2020. According to Mike Mcglone senior commodities analyst at Bloomberg, bitcoin is going to hit 20000 Dollars by the end of 2020. READ THE COMPLETE BLOG AND SHARE YOUR OPINION ....WHAT U THINK ...PLEASE READ THE COMPLETE BLOG TO KNOW ON WHAT BASIS THIS PREDICTION IS DONE .
 
https://blog.coinbaazar.com/bitcoin-prediction-2020/ (https://blog.coinbaazar.com/bitcoin-prediction-2020/)


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https://www.youtube.com/watch?v=ID1QNBEuKkY
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Also you can check --- https://blog.coinbaazar.com/what-is-defi/
 (https://blog.coinbaazar.com/what-is-defi/)

^°^ This should be move to speculatives board and not the bitcoin discussion board. The price of Bitcoin can't be determine by anyone, thus has been proven several times by bitcoin. The whales have been in the big game of dump and pump, we all know that the price of Bitcoin will surge but for anyone to give the amount is somehow impossible. Hope we see a good pump this time of the year because it is overdue.

It's the same with every single price prediction ever. It doesn't matter. Price predictions are completely pointless regardless who made the prediction.

True.

They're highlighting these predictions which looks like the person who did it is prominent.

Don't believe this and neither fall for this folks because it's likely not going to happen. Most financial markets are crashing and the entire crypto market does not look good. Don't think bitcoin is going to reach such a high price at least this year. Let's look at a price prediction of $10K-15K and as that seems feasible

This is just another wild guesses coming from a supposedly expert. Market is very volatile, just look at today's downtrend. We even can't make it to 5 digits and sustained what more to go to $20k at the end of the year?

And we still have the pandemic, we need to consider that as well. Maybe investors are reluctant because there's a lot of uncertainty right now. So I wouldn't take that prediction seriously, let the market flow its normal course and don't expect a big jump so that we all won't get disappointed at the end.

I hope all reading the blog  completely because its clearly mentioned , because according to the analyst there is a clear indication if it follows the 2016 trend . Well i agree that this is one of the speculations , but we need to keep in mind that bitcoin was always been predicted on public sentiments and its acceptability .

once again bitcoin price is not making any move outside of a fixed range (between $9k and $10k) and low quality websites like the one that OP owns are running out of "news" to write about so they have to make stuff up or quote random idiots on the internet who make guesses about bitcoin price.
not a single one of them have any vavlue nor are predictions.

let me make few things very clear to you ...

1) i dont own this website , i just read their blogs , because i found to be interesting and  informative .

2) These are not the predictions by people like you and me , its from the big time analyst's .

3) These people make claims on studies and past experience , not like you without credibility u just said 9-10 k what if more or less than that .

Since the day Bitcoin was created its price has increased from cents all the way upto $19k-20k but due to pandemic financial markets are crashing so i think there is no chance that the price would be double by the end of 2020. The price of bitcoin always remained volatile as Wences Casares who is a board member at PayPal predicted that price of 1 BTC would be $1 million by next 5-10 years but this can't be determine by anyone.

Well to be honest, after all of these market crashes, only the cryptocurrency market looks good for now. You see, bitcoin is thriving in $9K range to sit and set the resistance after $10K, alternative coins are growing and becoming more active these days. If you would compare it to the stock market? it is way more ahead for now.

I agree, $10k - $15K seems more realistic for this year since we have been resisting it for too long in the $9K but I will not be surprised if I woke up in the morning with bitcoin's price in the moon.

Most of us would like this to happen, But the price movement knows sharp fluctuations from time to time.
We have seen several times previously the market is not stable!!The world is going through a real health crisis this year, I do not think that we will see any significant change in the price of bitcoin,  We will wait next year maybe it will be bright.

Bitcoin has been very volatile over the past days with a few days of great gains followed by several days of losses which is very confusing to us who are trying to set up trades. Don't forget Bitcoin is not a stable currency. It is difficult to give precise information on when the price will rise and fall. However, The price of bitcoins is being wished to go to the moon or pump massively by all investors and holders, I'm also wishing the price to pump but no one knows the future let's be wise as we are hoping for this to take advantage of the current price pumps.

I'm not a fan of this prediction thing. I can even say, $30,000 at the end of the year even it's not realistic or not. I can also say $5,000 or below. These predictions will just make you more confused. I'd rather focus on the current trend and from there, just go with the flow.

Maybe try to read the blog by yourself and see what it brings to you.

After all, we have the freedom to believed what we think is way more realistic to happen.

For the last week or so you can clearly see the direct correlation to the equities market. Which is pretty much what caused the drop back in Feb-March 2020. Hence alot of BTC futures is based that its considered a risk-on asset. So basically whatever happens to the stock markets short term will project to the crypto markets.

We were in a bearish trend and it got reversed by the jpow to purchase corporate bonds. So it looks like fed will do anything to prevent the stock market from crashing and in return this prevents bitcoin from crashing at least in the short term.

I agree 100%. Stocks and BTC dumping and recovering together this week made that obvious.


Do you think this can continue indefinitely? At what point (if ever) will the market become skeptical about holding shares of increasingly leveraged companies in this low inflation and low growth environment?

I do wonder about the possibility of another event like the March crash. Is the market capable of bucking the Fed and doing something like that again?

do agree that the market is high, but there is a lot of money printed by FED, and there are not enough good opportunities for investment, so institutions are going for stock market and real estate, construction industry is booming again, and with corona and new found "work-from-home" for everyone, who would need that many business districts, when workers will work from home, that need to be changed and at the moment there is no idea how, for a long time - high-rise building was a setup for a company to prove how successful it is, especially banks, insurance and similar, and they need new symbols now

1. Yes, you don't won the website, but its shitty to be quoted as source, to be honest
2. But you can make your own prediction like those people
3. Similarly, you can also make studies base on past historical logs, they are all over the internet. You can even check coinmarketcap for it. $9k-$10k short term prediction is what everyone sees.

Do you really think all people who deal in crypto have so much time to study , and even if i do it , whats the use because people who analyse such trends have gone through all the research , and prepare and publish such stuff for people like us .  Moreover its not from any random person , its what bloomberg analyst feel afterall ... and i am sure we all believe they are much smarter than you and me together.. I would really appreciate if you could read the complete blog and then post your comments. Its informative and give people a chance to thought of the possible scenarios.

I think everyone has freedom of opinion, especially the prediction of bitcoin at the end of the year but what is said on the blog by a famous person so that it can be able to trigger debate for the future price, therefore freedom can be concluded by yourself how to respond to it but I said on the blog will not be ignored because it has often seen many predictions like the real but it is of no use and it is better to see what trends are happening at this time.

You said it rightly , people who have read the complete blog can understand better what its trying to predict the btc price and on what basis . Its not a random person saying . This has been analysed by most influential researchers.

Price prediction still is the price prediction, and people can make their prediction and influence others. But you should use your analysis to find what is happens with bitcoin, and you don't have to follow the other's prediction. We are now still at the bearish trend, although we see the candle sometimes change from red into green and back to red again because that is what happens with bitcoin. We will see the bullish trend once the price can break $10k or more, and the price still continues to increase after making a correction for some time.

In my opinion the year 2020 is a big year for crypto. So the more chance of seeing positive things for the bitcoin. The reason behind my thought is, last few years we have seen a bearish market. So it can influence the price of bitcoin. Again there is a bitcoin halving this year. It also can influence the price of bitcoin according to the past history of bitcoin. So I want to say if someone predicts bitcoin will reach 20k dollars again this year it has enough arguments. And I will support the prediction.

After recovering from a collapse due to the pandemic and so far the market is very good, if in the next quarter there is not a big dump then it is possible for further increases to occur towards the end of the year. We still don't know exactly what will happen for the next quarter, because the TA analysis will still not guarantee a definite dump, so with predictions like this, I will only wait for time.

No one can give a definite idea about the future of Bitcoin.
It is the same thing to give a definite idea about where it can go and to throw stones in the dark. You don't need money anymore to hope. 2020 may be the golden time for Bitcoin and vice versa Either way, we can only hope that Bitcoin will break all previous records and make 2020 memorable for us.

Mirroring 2016's price movement? I'm no analyst but I couldn't buy those reason. 2016 is entirely different from 2020, it might be just a coincidence why it looks like something happening similar few years back then.


I admire your simple thoughts  ;D. While everybody/majority here aren't really interested nor they do not care about the idea of those so-called expert, simply because it is just one of the many.

It's a moderate prediction and I support this prediction, some analyst are predicting as high as 6 digit, with the present market condition and the situation we are in, I doubt if it is possible, I'm ok and will be happy if Bitcoin reaches the $20k level I also want the altcoin to go up, like they did back 2017, that was the glory day of altcoins and I wish we have a repeat.

Well I can not tell if bitcoin can reach again $20,000 by the end of this year because the world is still struggling of the virus so I'm still doubt of it.

My prediction for the end of the year is reaching above 15k this year. That doesn't mean it will be above 15k by December 30th, it means that sometime in the 2020 year we will see above 15k price, it could be next week, it could be next month or it could very well be December 30th as well but eventually we will break above 15k for sure.

I can't speak on anything higher, is it possible? Of course it is because this is bitcoin as long as people keep buying bitcoin the price would go up, but I would say 15k is more likely compared to anything higher. I would love to see it go up very quickly so that it would go down in a correction and recover from that once again to go even higher than 15k but for now it doesn't look like it will go there just yet anytime soon.

Firstly, the manuscript writer didn't provide the link to the Bloomberg analyst statement as evidence that what he declared the analyst said is reality.
Second, prediction are always guess theory but said prediction was extracted from the community opinion about bitcoin halving to be effective next year.

Repeat is never going to be a question, because it will eventually going to happen again, the question is when.
Predictions like these are made as an attempt to manipulate the price for making the people believe in such price movement, specially when a well known personality in the field of cryptocurrency like him is giving out their predictions. Thus, a lot of people will tend to follow these predictions.

In my personal pv, I don't want to believe in this bullish prediction, specially that we're still facing a global economic and health crisis. Though it may never had a direct effect in cryptocurrency, but It can somehow hinder a possible bullrun.
2021 will be the most favorable time for Bitcoin to hit new heights.

Bloomberg analysts or whoever analysts they are, their prediction are technically useless or maybe just for some hype though but I don't think that it will happen.

Regardless of whoever these so-called analysts are, just take what they are predicting as a grain of salt because even an ordinary shitty person can predict the price of Bitcoin too for this year. I can say that it can go up to $1000 or it can go up to $100000.

It is definitely not a question of "if" but a question of "when" but this year is as good as any. Look at the yearly cycles there is always a raise a bit after the halving. Not right away, not a moment later but after a while there is an increase for sure. I think the year 2020 could be a good year for increase but I think early 2021 looks to be a bit more prime for increase as well.

I would say having 20k in 2021 is more possible. Plus there will be ethereum staking option as well which would increase ethereum purchases which means there could be a lot more money coming into crypto world and that could mean bitcoin might increase as well. That is why I think 2021 is the year when we reach 20k and go beyond finally, break all time high and create a new one on top of that.

indeed it is very difficult to expect that. in fact, at the moment the price of bitcoin is so difficult to reach the price of $ 10,000. price is not stable, even now the price of bitcoin is still trying to maintain the price at the level of $ 9k. however, I still believe that the next pump will bring the price of bitcoin beyond the price of $ 10k, and be stable there.

Let say bitcoin price doesn't have a chance to increase in this month, but in the next months, bitcoin will have those chance to increase. We don't know the truth, but we can prepare for that time by buying more bitcoin while we can and hold it, or we can let it flow like water, so if the price can increase tomorrow, we can sell it right away. But if we do that, we don't have much profit because we don't invest more to make a bigger profit.

Indeed. It doesnt guarantee anything, it can happen or the opposite,  so not a reliable way to determine the next price of bitcoin regardless what basis he has.

The price will reach $20k in the future, im certain about that but we cant predict the specific month or year on when it will going to happen. Thus lets keep holding if you truly believe in bitcoin.

Bitcoin has an ability to touch 20k$ again as we all witnessed that bitcoin dropped from almost 22000$ back in 2018, bitcoin will grow this year but I personally think it will cross 13k$ to15k$. The max price for this year will be 15000$ may i will be wrong but that is what i am predicting.

Everyone can analyze, predict Bitcoin in the future, up and down, the main thing is for yourself, in believing the price of Bitcoin in 2020.

Anything can happen to Bitcoin, let alone $ 20,000 to $ 40,000 can happen, if you believe, for that you have already bought and invested Bitcoin to look forward to raising prices in 2020...! This is the basis for you, how this prediction is correct and you do not have a bitcoin balance in your wallet to sell. Very dear.

If, you only want to display the link: (prideksi) provide information about predictions and you yourself haven't done anything for Bitcoin this year, it will be a loss for yourself.
Do something that can make you change this year, if what you display becomes reality.

We can read a lot of articles but we can't say that it can always be predicted.

Bitcoin is quite unpredictable for a while now though there are some points where it is predictable, there are most of those times that it is not. All we can do now is to be patient and be alert with the price chart changes. This would give us indicators that can tell us what we need to do and what should we avoid to happen.

I strongly agree with your prediction, that bitcoin will reach its best point next year if you look at the previous halving experience. maybe for this year it will move rather slowly to go up and continue to experience a state of ups and downs which finally at the end of the year begins to peak moving upward. a reasonable prediction if the range that bitcoin will experience at the end of this year is $ 13K-S15K. next year's peak is my prediction the price of bitcoin will surpass when in 2017.

I didn't see anything new in this article, that I didn't see here on the forum. First to say that bitcoin can jump to 20k, and it can go back to 5k, in days, and to surprise 95% of people involved in crypto. Of course chances for that high volatility are very low, but don't ever forget that anything is possible in crypto, anything means both good and bad things. We know that institutional money is coming, we read announcements, we read about new partnerships, we discuss all big names and will they enter crypto in one way or another, and of course when will they do that.
We just need to keep calm and accumulate, our time will come!

sometimes articles only gets idea on this forum , thats why you feel what you read is so familiar that what you already saw on here but sometimes opposite happens  too  . plus btc is so popular and verry familiar coin to everyone so predicting it will not be differ to each other  .

this is one is also the one that i saw lately  . last 3 years ago price did touch 20k right ? but afaik it didnt falll down easily and it didnt fall down to 5k too .

The reason why we can't predict what bitcoin could do is the fact that it is unregulated mostly and it is decentralized. This is why it could do anything at any moment and we wouldn't have a way of stopping it or even predicting it. Sure TA and indicators could tell you a story but it doesn't talk about that miner who mined 10k bitcoins in this last 4 years and now that halving is done the price will go up and he will sell all of it to both clog the transactions from all the hectic movements and make a ton more money with fee's but also make a profit because he hold them instead of selling them lower before halving.

Now, that was just a made up example of what could happen and none of this could be predicted, how could you know that? There is no way and that is why I believe bitcoin could do whatever it wants.

It's more than a feeling, I think I have enough experience to make a difference between good and bad article. You are bit wrong, even thou bitcoin is popular and "very familiar coin" to everyone, many people have opposite opinion about it. Just check the post after ours:


Basically every prediction is just gambling, because nobody can't predict where bitcoin is heading. We can say that bitcoin will hit 20k by the end of this year, and we have chances to be accurate, 10% or more, its a chance and it's not impossible to be right about that prediction. You can claim the opposite and you have odds for that too.

It's not something you see lately, bitcoin is making crazy swings for years. I am here since $150 for bitcoin, and I still remember that time and what we talk about here. Almost the same, just prices are much higher, and this is now a more serious than it was!

This so-called experts are just making a random guess around the bushes if they don't actually see how the market is moving. Making a double ATH from the previous bull run in 2017 is different today even in the future. But it is indeed promising but that's just it there's no correlation or whatsoever since it doesn't matter where the price would go. I'm sure there will be a bullish market coming next year.

Giving an exact possible amount through prediction method is the thing that everyone shouldn't be cling on.  The fact that crypto is volatile is more than enough to make yourself safe not unless if you don't mind to that.

Yes, after halving prices in the next few months have risen when looked into the previous charts so yes there is a possibility that we may see some price to move upwards. The first hurdle is to cross 10k and settle above that levels and then we can see a good uprise move once it settles above that levels.

see halving the past bitcoin began to move up to reach a good price takes one year. Likely to happen at this time, it is estimated that bitcoin will start to improve next year. at this time bitcoin could be going down and will start to improve by the end of the year, with predictions it could certainly reach $ 15K. continue to improve slowly next year to reach its peak, which is likely to be better than 2017. Of course many expect that it will also have an impact on altcoin.

People should not really get on with it like that since it is the reason why it is called a prediction.

Prediction is just a guess based on the movements that are happening, it might be good or bad but it will not happen 100%. With the volatility of Bitcoin and other things that could affect it, we don't have the certainty that it will actually reach a certain price. All we can do now is to wait and look out for the price chart since it is the one that will tell us.

we can't be sure when bitcoin prices will go up because of the halving effect. it's just that, so far, the price of bitcoin is really stable at $ 9k. to be honest, I feel that the increase in the price of bitcoin will still occur in a few months. Well, we have to wait for that. I predict that the price will be around $ 13500 by the end of the year.

Bitcoin's price will definitely increase in value however, I don't think it'll be this year considering everything that has happen this year – the pandemic, lost jobs, inactive economies. Currently there aren't much investors or buyers as most people are trying to survive the pandemic. Even the recent halving event only had little effect on the price. Until there's a significant positive event this year, I doubt we would reach the prices that people predicted that we would.

I'm not against of that prediction, I like bitcoin to rise at that level but just like other experts, they cannot be right all the time.
With the price bitcoin been moving this month, it's not impossible it will reach at that level as bitcoin is quite stable now, I mean the support is strong and less dump are happening now. However, I will stay realistic that bitcoin is very unpredictable, if it comes then good but I see an opportunity if it dump as it's time to accumulate again.

Besides that, we don't know if there will be a dump or a pump in the next days, so we can only prepare for anything that might happen. I agree that bitcoin now become unpredictable, but it seems this year will be a roller coaster that can make our heart beat faster than the last year. But after this, we hope that everything will be better, and the market can fully recover, so we can back to make a profit.

According to crypto prediction is really unexpected response in all the years. So I expect it will reach 12k to 15k USD in end of the year, But current traffic is more volatile in same level so we expect good growing on upcoming months. In reality long term investment is always good to invest in Bitcoin because every year some upgrade will enter in Bitcoin so peoples are again and again invest the Bitcoin so it will going to peak on further years.

It all depends on what will happen isn't it? I mean right now it looks like it could go up or down and we would have no idea how to predict it, there is really no way of knowing everything before it happens, if we were capable of that we would be rich right now.

However, what we know that there are things that effects the prices like a big sale or a good news etc etc and that means we need to wait and see what will be the first one?

If someone comes up and sells 50 bitcoins from very early mining days and mistaken for Satoshi that drops the price a lot, and it turns out he wasn't and price still goes down anyway. These things change bitcoin so much that we need to wait and see if the price would be affected like that once again, without that we have really no other data to go on and predict the future.

exactly, man.
How do people believe their thoughts so easily.
We should be happy that bitcoin could make it through almost decade, whether its predictable or not.
As long as it gives people value of usage - it will fall and rise

   You are right Jaspion, as long as people value it it will fall and rise, but over the past years it rising more than it's falling.
And it's Ok to believe that in next years Bitcoin will make new significant rise and set up new bottom, higher than now.
    Short-term movements are unpredictable, but in long-term we will see entire crypto-market rising. Bitcoin will lead that
rise as always!

2020 will be a moment for Bitcoin, in my opinion 2020 to 2021 is a zone of accumulation, just like the chart history after and before halving, we just pray that Bitcoin can be held at $ 9,000 and go up

That is the point why it was created, it wasn't created by Satoshi so that people would buy low and sell high and make a fiat profit, that wasn't really the intention.

It was created in the sense that you should find a way to use it and earn it and make it into like a currency which is used like dollars or euros or whatever. However, after a point people realized that it is not really the thing that makes them most money, you can't earn something if you do not work for it and they realized they do not have too much skill over the internet to make it so they rather invest into it and make profit that way when it goes up.

One thing that changed it most was the fact that bitcoin was very very low (few cents) when it first started and it is $10k now, so it is actually going up but people forgot that going from few cents to $10k was hard but going from $10k to 1 million is literally impossible for lack of money in the markets.

Ive been continuing to say such thing on why the heck people do believe that 10k price to 100k or even 1M. Yes, it didnt able to fly from cents to 10k usd but doesnt mean that it will happen next or also into the current price levels, that would really need an extreme kind of support to Bitcoin for us to get into that point. Bitcoin isnt really created solely for money making but rather into its tech or usage itself but we cant really deny that
when it comes to investment into a certain project then we do know that value would become even more higher depending on the demand. Bitcoins price movement is always been unpredictable thats why
we do see lots of speculations flying around.

It is up to the user if he will believe or not from these self-proclaimed experts/analysts. Even if they are the experts of the experts, no one can really tell the exact value of bitcoin, they can only give their prediction. But if they will say, that's gonna be the price. Nope! Don't fall from this kind of speculation and never decide how to invest because of this. If you lose, you are the only one to blame not them. So your money, your choice.

Thats a prediction , not an offer to buy and sell , experts predict basis on the past trends , yes they can be wrong or they can be right , but one thing remains neutral , that people who are buying/selling /investing in bitcoins , doesnt really care for future , because no one knows whats gonna happen , and based on these predictions , they can only be satisfied that atleast some positive signs are showing and this or next year going to be a year of bitcoin.

Many people are too ambitious about what experts have said so they believe that I am against bitcoin that doesn't make sense, I know in a highly fluctuating market that means uncertain or unpredictable what you say so you want to invest in any project it will still not affect unless there is a greater adoption so that demand increases in the market and that of course causes chaos in the community, but is it possible that the circulation currently available will be recognized by all investors?

They are just looking forward to get a high gains and I believe you also lool for that to be happen although by now its quite impossible for now since the current condition of the world stop us to see some impressive movements toward the bitcoins dominance even if the halving happens. But for sure in future bitcoin will be recognize again and we will see a fantastic movement again, we see it once and for sure there are more for it.

If the situation in the global economy continues to deteriorate, then there is no chance of growth. As we all saw in this crisis, bitcoin cannot be called a fully independent asset, it is significantly affected by the external conjucture. Therefore, it may make sense to first of all follow the global economy and on the basis of this draw some conclusions regarding the crypto.

The global economy may retract in adjustment to lower business levels during a pandemic but the issue of dollars has not slowed down in such a way that BTC will be affected so much I think.   I dont have a greatly negative outlook on that and BTC is useful for distant transactions, at some point the market might make more of that then it has so far but it seems crypto is increasingly relevant.

I was just looking at the 50 day average price for direction (https://talkimg.com/images/2023/06/12/A4LoN.png) and it is in decline some, more important is the 200 day which rises every day now despite price being quite sideways.    To see a negative for BTC I might wait for the 200 day to look less positive then it has since May, its slow but thats relevant to OP question for this whole year.   We wait, some decline possible but not dramatic imo

The price is currently moving sideways, it only means that there is a tug between bulls and bears. As long as the bitcoin cannot beat its previous high which is at $10,000, expect that the bullish trend will not yet come.

The volume also indicating that there is still no momentum in the price. If there will be a breakdown that will happen, for sure there will be a reversal that will happen where we can see a lower highs lower lows again.

actually that is what people here waits now,to reached 10,000 and stays for good so we can expect the Bullrun coming.

But until this was not in our way?then consider volatility will continue to show its power.
the trend is not changing for months now,from 9,000-9,600 but nothing high from that.

I don't know how long will this be happening but Hope we will not lose our faith in the next months.

All predictions, without exception is just a theory. Price of something can't be predicted beforehand with any sort of proof on why it will go up and 100% guarantee it, if they could do that people all over the world would invest billions of dollars all together at the same time because there is a 100% guaranteed reason for the price to go up. Since we can't predict beforehand because we are not fortunetellers, we just make assumptions. This guy said he sees it could be $20k, he is not saying it will be $20k 100% and guarantees it, he just says that is what he believes will happen and that is his position and that's it.

I personally believe for example that bitcoin will be around $12k-$13k this year for sure as well, can I guarantee it? Of course I can't, that is just my assumption.

Prediction does not seem to change the market. Many experts have given many kinds of predictions about the price of Bitcoin this year. Especially through social media, different people who claim to be experts give different predictions. There is no calculation of how many of these predictions are correct and how many are wrong.

In fact, those who are looking forward to seeing the long-term results of Bitcoin do not think much of this kind of short-term market change. So they love to keep themselves quiet. Because there is no guarantee of such prediction. Everyone may give a prediction by doing market analysis, but the same theory does not always work.

Many think about that theory but it doesn't give any facts regarding on everything, those predictions are given for their own benefit and to gain a small period of hype, so if you think about listening on them better do your own diligence and follow what you think its right. Just think of this market flow will never be change by just statements only we need adoption and demand before we can achieve that.

If i read this prediction in January ?maybe i will this instantly because that month indicates the greatness of the market.
But when the Pandemic starts last march?then this story will be inappropriate because we can totally see how is the effect of this virus and how this broken that whole world,not only the crypto but every economy in the world.
I guess this is too much to expect for now even until the end of this year.
i will try to wait for next year at least i won't be disappointed .

After all it's just a speculation which is based on our own ideas but if you have a TA to prove your speculation then we can consider it meaningful but then again, we are all speculators in this market. I don't expect a bullish market this year, i am more hoping the bull market next year which is almost everyone is expecting.

anyone can steal ta's or create thier own but not all of them are meaningful  . there those speculations with no ta but they are worth the read  .  also not all are speculators on this market  . some are just normal users and some are are only listening  to what others are speculating   . about the bull trend , cryptos already showing signs with a small increase  from btc to eth to altcoins  and now the latest is dogecoin that has pumped by over 50 percent . there is a chance to achieve a bull market within this year  .

If the bull market can happen in this year, we will be happy because I am sure that many people are waiting from a long time ago, and they still hold their coin at their wallet. That can be a big bonus to them because they don't have to wait for more to sell their coin, and they can also recover their loss by making a big profit.

I guess that the bullish trend is hard to predict, and there is no right sign that is telling us about when the bull market will come. We can only wait and prepare for the coming, but we can also buy more and don't sell if the price does not increase so high. We will have a chance to see the bull market comes soon, so better we wait and have more patience.

It can but I'm not expecting it will happen this year.
Bitcoin could rise $10,000, but if it will fail to break the big resistance, again it will still fall to the support level.

We've see it rise this year but failed many times, probably if bitcoin will reach $15,000, then that would the time the market will bullish, but like I mentioned, I am not expecting this year, not in the pandemic time where the economy is struggling.

Looking at the signs like Doge and XLM, they have shown bullish, but maybe bitcoin will experience the same thing? this is a positive thing that is happening in the market so that this increase can occur this year or can be said to be the beginning of a bullish run like this.

I am pretty sure in the current year and more confident about redeeming 10,000 in the near future and now it is approaching 95000 so hopefully there is no turmoil in the market.

In 2019 even there is no Bull run we wait yet Bitcoin price climb up to $14,000 value
so why not now when we are in the mid of the year and the halving is just waiting for the Kick off.
I know that it is hard to expect and fail but remember that it is better that we have something to wait than nothing at all.
So if you want to Wait then it is better but if you wanna leave investing?that is also
better,we are the one who will be managing our bitcoin invesments.

indeed there will be a significant upward movement possible in 2021, seeing that halving last bitcoin takes one year to reach its best point.
the possibility at this time that bitcoin could drop to $ 8K could still occur but the movements that occur to date bitcoin is still in the range of $ 9K. once broke through $ 10K but dropped back.
in 2020 it is possible that bitcoin will start moving up slowly in the month towards the end of the year and could close at the end of this year at around $ 15K. then it will continue to increase because it has found that momentum in 2021. which could possibly exceed 2017, we wait patiently for that to happen.

I am thinking if we have a different scenario if there is no pandemic, but with or without pandemic things will be better because the halving is historical, this is something that will change the course of the market so only expect the best this year and the year to come, we have something to hope for, because halving just happened.

Guys lets not be confused about the prediction , i can see many people are actually commenting without even reading the blog, which is actually   not making sense because,  once you read the blog , it is specifically written what bloomberg analyst think about , and on what basis . The past scenarios , oblviously the word prediction means a vague not definite , but yes they predicted based on some studies in the past.

No one is confused it’s the same prediction by others. Many of us can predict the bitcoin price that it may reach an all time high again but the point is we're not certain when it will happen. So, of course, we're waiting for the bull run this year or so the following year.

Bloomberg is rarely right, just like CNBC.
The fact that most people think it's going to go up is why we don't see any big upward moves right now. In the peak of the last bull market most people were also saying that it would go up. When the most persistent bears turn bullish is a sign that the market will soon reverse, because these people are always late for the party.
I believe we will stay in a channel of 8-12k for the rest of the year and maybe longer than that. If stocks crash again we might go lower.

Everyday round, different speculation from different individuals about bitcoin price. None of their predictions has come past yet. Crypto market is unpredictable to state  bitcoin end of the year price. This is the Q3 of the year,  bitcoin is still struggling to exceed above $10k. Is it possible for bitcoin to skyrocket above it ($10k) in spite of the pandemic? On what ground will it?

I think it will stay where it is. And that isn't bad news considering coronavirus and all the complications it brought to the world. If we look march bitcoin crash, how it recovered since then and how stable it is now we should be already celebrating.

Even if its an old scenario Bloomberg prediction can be adopted still these days because there are some analyst that think Past can happen again .

There are some thread i crossed recently that saying we are repeating what happens few years ago.
so there are no confusion  instead this is a healthy discussion .

---

and i also believe that all prediction are valid until it happens,because in hits volatile market all we need is to have some booster and posts like this is counted as one.

Of course we all want the price to move, people are doing a lot of prediction there's nothing wrong on this we as an investors had it's own analysis that we want to share but at the end of the day, it's all speculative and the market movement is still volatility, and we need to do our own research and only consider other people's analysis if it is the same with ours.

It's all speculative and depends from how the market will proceed, there are many
predictions and most are depending to own assessments.
Everyone wants to see the progressive market and the benefits that it brings to each
investors pockets.

---

Your own research will qualify you to have your own predictions, it will all depends from
your deeper research and assessments.

I firmly believe that bitcoin will be able to break through the $ 10K figure and that has already happened even though it finally dropped back.
and no one can hold that bitcoin will be able to break through another $ 10K, it is a necessity and it be realistically.
indeed the momentum to move up to penetrate this sat has not happened if it can penetrate and can last long enough above $ 10K, it will not be impossible by the end of 2020 bitcoin can be in the range of $ 15K.

indeed many people say that the corona pandemic affects the movement of bitcoin, but I have not seen that and bitcoin has remained standing upright in a safe position until now and is not affected to be able to go down drastically.
to go down $ 8K bitcoin there is still a possibility but it will not be long before he will rise again in his current position.

Even with respect to the current situation and market scenario, I'm not seeing any problem for bitcoin to be reaching $15k-$18k-$21k by end of this year. Moreover everything is set to get bitcoin into a stronger bullish trend in coming months. So, breaking up the biggest psychological level around $10k will not be a big thing in coming weeks and then going through into FOMO to get into new ATH.

It managed not going down but we need to agree that pandemic impacted into bitcoin market and that is the reason we are having stagnant market right now. Bitcoin market has been trading too stable for around three months even it is good for most people, I believe this is not something usual for most of the bitcoiners; they simply want high volatility to make use through derivative exchanges.

Finally Bitcoin surpassed 10k ... it break the barrier , lets see if this sustains to grow well , as markets around the world are opening slowly , it might get pumped , who knows .

I believe there will not be a huge increase but there will be some increase toward end of 2020. It would probably even drop back down as well, first it will be going above $11k a bit, not reach $12k and be like $11.8k or so after that it will drop under something like $9k to be $8.4k or so and it will go back to what it is today, somewhere between $9-10k and it would be definitely staying like that.

In the end of the day we are talking about nothing huge, definitely a change that would allow traders to make as much profit as they can with the volatility and can trade up and down to make the maximum profit out of it, but for the investment side of things, it is not going to help you out a lot, just 10% profit or so and that is not bad at all but not amazing unbelievable levels neither.

For me the story in 2020 is how far do we progress rather just hold for greater development in 2021.   We've gone a long way from the bottom, all the way back to highs of last summer so I'd wondering if thats the full range or we have a greater story to traverse in this year still.   I never expect everything to happen all at once like that, I do expect more confirmation of these prices and lower prices still before higher occurs.
   Thats just general principle, some trader was pointing out the likelyhood of silver and gold charts while near vertical continuing to do so and the probability is far lower.    Yea it'll likely get higher, we got variety of reasons but rarely do things happen in a simple way without further detail added, we always have sellers and people who need to withdraw, pay off leverage etc.  Market will test all positions.

Id nothing at all, BTC will at least reach $17k before the end o this year based on its current move which shows a momentum of a strong trend. The era of the bull run is gradually approaching.

Crypto currency is unpredictable and you can't predict correctly but probably it will reach $15000-$18000 very soon.

Bitcoin price is now so much volatile. It is too much tough to predict on Bitcoin. But in my opinion Bitcoin will reach $15k very soon. Because Bitcoin is so much potential.

what you predict seems too high but in the end we also have to admit that in crypto, it can happen. but my prediction $ 15K is worth the price.
I totally agree that bitcoin will increase until the end of this year, and it doesn't stop this year. 2021 is a prediction that bitcoin will reach its highest value, which month it will be difficult to determine. but December is a month that is highly anticipated and usually bitcoin always gives its own surprises.

everyone is waiting for the bitcoin moment to increase because with the increase in bitcoin it will also impact all altcoins, of course not for altcoins that are just growing in the market today. because the new altcoin is not very good as a reference to be bought or stored as an investment, obviously it will do more harm than good. better to invest against the highest ranking altcoin.

Bitcoin users are waiting for some big positive price movement for quite a while now. That is why some predictions are exaggerated and some are even losing patience. This last price rise woke up optimism and some even think the bull run has already begun.
I'm not convinced in that and although for now Bitcoin price is managing to stay above 10000$ and even slowly grow further that doesn't mean it will remain so. For me this is still not a sign of continuous price growth that would lead to 15000$ or more. For now I stay with conservative predictions that includes corrections.

The closure of many industries around the world, as well as the decline in the levels of the world economy, cause a lot of problems and therefore the governments of different countries begin to print paper money at a frantic speed to stimulate the stock market. But in the end, this situation generates unheard of resentment among investors who want to protect their capital. Today, many investors are even closing their gold positions in favor of cryptocurrencies, especially Bitcoin. I believe that the growth of Bitcoin over the last period speaks precisely to the fact that attracting new investments will continue and therefore 2020 will be a very successful year for the entire cryptocurrency market.

I believe bitcoin in this year will moving up. The technology of blockchain will adopted in several countries.
Then , The trend of gold is same with the bitcoin. The chart is very bullish.

Bitcoin continues to move up and this year it has crossed 10k after long time. It was good to see that it even crossed 12k levels and came down though, but still it is at currently at 11800$. Quite possible that it can test 12k again and might cross that levels as well.

There is still plenty of time for bitcoin to pass $ 12K and to continue moving upwards, but to go down is also possible. although experiencing a decline in bitcoin will be able to quickly correct it so that it can return to its goal of being able to lead to an increase.

$ 15K is not impossible for bitcoin to be achieved by the end of 2020, and will continue to increase until 2021. If indeed the end of 2020 there is a value of up to $ 15K, then there will be a sharp increase from bitcoin in 2021.
we will wait for the results with full confidence and continue to invest your capital in bitcoin.

It will be a great era of bitcoin if most of the country accept bitcoin as their legal currency. People will show their interest to add with bitcoin and for this reason bitcoin will reach on big price.

This is very difficult to achieve, because it would be against the regulation of a country. I hope bitcoin and fiat will continue to exist for a long time without disturbing each other. Bitcoin is still in its infancy and I believe that not all element of society in a country can use it as currency. There are many stage to develop and now I think its still a work in progress. Even though bitcoin is very valuable, to ordinary people I think its useless.

I think Bitcoin is going through the parabolic phase of the year where we can expect such unbelievable spikes in price and no doubt we can see a $20k 'or at least $14k this year'. Everyone has been so bullish about BTC and that is because the key level resistance got broken, now let us hope this doesn't stop before $20k.

however, bitcoin's current price is already several over the $ 12k wall, and raising the price to $ 2k within a few weeks is not impossible. I also thought the same thing, when the price of bitcoin has increased by more than $ 14k, then the price of $ 20k is not a difficult thing to achieve.

Given that the market is unpredictable in its nature, predictions and speculations are simply subjective opinions. These are things which are not new in this industry. Whenever the market value is moving upwards, people will suddenly conclude that "it will reach $100,000" and the likes. The market value is not consistent and there will always be a tendency for its value to fall in a sudden. Actually, assumptions are not wrong but it is quite annoying especially if their speculations are far from the reality or the market value at the moment.
But Gold and Bitcoin are different in many aspects ; market price, rate of increase, usage, availability and usage through various countries.
let us all hope that the price increase will be continuous. But the era of bullish run is a bit questionable still, at this moment, knowing many economies are facing problems at this moment which could affect the price of cryptos.

I believe that we still have to wait for the real consequences of the 2020 halving, which should not begin to appear, perhaps in July 2021, before starting to build negative predictions for the future. According to the historical halving record of previous years, we have yet to see their outstanding impact. I believe that the current rise in Bitcoin prices is only at the very beginning of its renaissance.

Just like what happen last bitcoin halving from 900$ - 20,000$ in just a year,  now were on 11,000$ so maybe the price of bitcoin will be around 25,000 to 30,000$ starting the first month next year.

THe rise that year and previous was subject to much doubt and quite harsh sell offs, it kind of made sense (the rising wall of worry is name for this market phenomena) and there was the news of the big split in the blockchain and ban by China yet it rose anyway.   Imo it was partly down to high transaction fees, it affected liquidity by discouraging movement just hold and a bulk decision to sell or not.    Its bad for BTC overall to suffer congestion like that so I hope it doesnt reoccur and probably we get something a bit different as I observe many times the price just drifts.   This feels alot different to me, I'm not as bullish in 2020 as I was in 2017 when we could see a clear rising series of lows that burst into positive action, patterns now Im not as sure on.

I think that worry is understandable because everyone also hopes a lot from bitcoin, but I am still very optimistic that bitcoin will continue to improve and continue to be the best. I see from the past halving that happened and maybe it will also happen but not this year but will happen in 2021. If based on the halving it is possible that the increase will be sharp. wait patiently ....

Bitcoin is known for it's unpredictability.No one can predict exactly that what will be it's price at the end of this year. Undeniably, 2020 so far has been a good year for bitcoin and in my opinion some positive growth will be seen in it's price in the coming months but it will take time to reach $20,000. Maybe in the starting or mid of 2021, it can hit the $20,000 mark. Let's hope for the best.

I agree with you mate. The recovery rate has been quite adequate in the first three quarters but $20K is still a high mark to achieve.Not much variations are observed in the price from last 20-25 days.It is yet to cross the $12K mark. As I said, a positive growth will  surely be seen in the last quarter but I don't think it will hit $20K at the end of this year.

I think it's just a prediction and no one guarantees that his words are true, everyone even has their own predictions, nothing is really right unless the predictions are correct and will be recognized.
otherwise it will just pass away as it is past.

Predictions are meant to be true or false , but we should not digress from the issue that any kind of prediction in the world , is based on some past analysis , i dont care personally even if , according to this article if it does not pass or reach $20k , then also its ok , because according to me the main objective is we have a very positive signs coming soon , if the article would have written that it will reach 1K , i would be worried , but since its showing positive signs ,it means more reach  and more acceptance of digital currency around the globe, and  so much to gain rather than losing faith.

Exactly what it is meant to be,because no one really knows what will happen next what we have only is to at least speculate what will comes to our way.
Just continue what you are doing and forget those critics,it is not you who will suffer if the prediction comes true and if they did not even invest.

That's true provided that you believe in the hype and put everything you've got in the coins you've believe, the market is highly volatile we never know where it's heading even if we want to shut off the critics we still need to get the right movement of the price, sometimes critics give us the best condition of the market.

First of all, you need to take a meaningful approach to your work and take into account not only the market analysis, but also the relevant patterns, such as the historical halving performance of 2012 and 2016, a year later. At least every investor who prefers long-term investing can be confident that the results of the halving 2020 will be the same.

Anyone could predict on bitcoin price as this is granted in this industry that many users are waiting for the bull run to happen. It just a prediction and many people has it's different assumptions when it comes to the price. So let's see truly if what price this bitcoin will heading.

The point is, bitcoin can't jump from $10k to $20k without any indication. I mean There are some steps and indications that have to followed by bitcoin. no doubt bitcoin is going to pump in upcoming days but it would be so difficult for btc get twin of its current price. I think, bitcoin price could be raise $15k something at the end of 2020

Of course, everyone can make predictions and they can be more or less correct. But for me there are differences between predictions made on pure guessing and those which use some technical and historical analysis.
At this moment every Bitcoin price is possible and it's very hard to say how the Bitcoin price will develope by the end of the year.

everyone has their own predictions, so reading the article or not actually has no effect on market conditions only adds to other people's thoughts on recommended coins. I predict Bitcoin will still be stable at tens of thousands.

Your prediction is more likely to happen compared on the said article but who knows Bitcoin was still unpredictable after all, there's a lot of things could might happen within this year.

I agreed on your prediction simply because I know that the market is now getting better perhaps due to our current situation but this not necessarily mean it will rise up in instant. But that that doesn't matter, what important is we should be always ready for any circumstances.

You are right it's been prediction here prediction there, and there are so many now, now that we are in the last quarter of the year, some people are making a lot of money doing prediction and some getting a lot of predictions, predictions is a good business and part of a highly volatile market like Cryptocurrency.

Yes it could double because most of the bitcoin users now  wanted it to happen. The sense of holding it make will be the key to double its market price.

However there are factors that it will not going to happen especially if whales who had been invested on bitcoin from the market crash which market price is relatively low then pulling their holdings out will affect the bitcoin market price. The results will make others to panic if the selling effect would make a huge market price downfall for bitcoin.

Anyway, the hope of making it double is high so hold bitcoins for now and earn later or sell bitcoin now and regret later.

Bitcoin price goes up and down all the time , what i think is whether prediction of $20k comes  clear by end of year or not , the crypto market has shown its potential to sustain a situation after pandemic and so many damage to nations economically . So my conviction says taking all into consideration , the price will continue to increase, so whether it stops at 15k , 17k or 20k . It was meant to show positive signs , of which it already did ,  there would be some push needed and major news needs to happen in terms of acceptance , to reach 20k or above. 

i think rather than looking for investment , we should look on the concept of acceptance, .... the more the acceptance of digital currenct , the more it will have a bigger impact ....

You have listed several factors for and against, but of the factors in favor, you named only the desire of the people who hold bitcoin. I think this is a very weak reason, but in fact it cannot be a reason at all because otherwise the price of bitcoin would already be billions of dollars ;)

I agree with you without adoption there will be no increased in price, price follows after adoption, and many people and companies coming in, Bitcoin is now in this position because of its early supporters and this forum, it's multiplication of people coming in to believe use and adopt Bitcoin.

added that many who believe in bitcoin as an exchange will certainly increase the number of investors who will continue to be interested in making bitcoin an investment. Especially when in recent months bitcoin investment has been unusually long-term, it is now short-term and if someone does it, they will certainly get a decent profit. Bitcoin will continue to be in demand because the value it carries is constantly being sought and used as the benchmark for all digital money.

Tyler and Cameron Winklevoss, the founders of Winklevoss Capital and bitcoin exchange Gemini, argue that the current economic crisis significantly reduces the value of oil and the dollar, which are no longer seen as exceptional and more profitable investments, but also as a means of storing their assets, and in as a result, inflation destroys savings. Based on this, Bitcoin is the best choice in this regard, besides, according to statistics, in the second half of 2020, people became more interested in Bitcoin, as evidenced by the statistics of queries in google search. And also, many began to choose BTC as a profitable investment and as a storage. I think this is a very good argument for price increases in the near future.

It's true that Bitcoin is performing great not only in the stock market but also aiming institutional adoption, that may draw investors attention but don't forget that bitcoin was passing with Covid-19 epidemic in this year. so it need time to get stable and touch that kind of high volume. But i would happy if bitcoin really get double of its price within available 3 months duration

Yeah, I believe that bitcoin price at around 14k by end of 2020 makes super sense, it is realistic and it is not as bad as some other people who claim it will fall because I do not see any reason why it would fall right now and the increases can't be too much since there is really no reason why it would be too much neither, all in all a bit more with the current situation of fiat getting less valuable, 14k or close to that is realistic, anything between 12k and 17 is realistic in my mind. Same with ethereum,  I believe it will go up a bit, around 500 to 600 is realistic, max I see going is around 700 and I do not think it will go any higher even with 2.0, however with this new improvement I do not see it going any lower neither, that would be hard when everything is going so great for it.

After the halving, of course, the price of Bitcoin should be able to go to a new ath,
but there must be demand that exceeds that, like Fomo in 2017, we know that time is still unforgettable,
but I am sure it will repeat itself, because it is part of the cycle

Sure everybody do. Bitcoin prediction is about studying your chart the way you understand it or his it presents to you in your knowledge then you have it as your levels. I also see that $12k isn't far for the end of the year

I see us ending the year down in resolution, we have a downtrend over some weeks and it seems fair we return to something like the yearly average in blue here:

https://talkimg.com/images/2023/06/12/Ahm4v.png

Of course if we can beat this negative projection I do expect the price action at this time to be nicely positive and with a good solid bar upwards on volume.  Just recently we retracted from this trend with a pickup of volume on the red bars so a fair estimate is down for this year end.

I believe it will break barrier soon , as we now see a marvelous uptrend coming our way...

I think it would really have a huge surge because of Paypal it might give us a new investors so the market would be filled with fresh waves of money.
I think we could hit more than $15K before this year ends or it could stay above $15K before this year ends.

If it’s going to reach $15K, as you said, it might logically happen because it’s close to that number. Because now the price of bitcoin is already at $12 947. But if the end of this year is going to reach $20K it might still be a long way off. But it’s likely that it could happen if PayPal users reach that 436 million active accounts, many jumping into crypto investments, or there are whales pumping up the price of bitcoin by the end of this year. Especially if looking at the stock market that has fallen recently, maybe many investors intend to invest in cryptocurrency.

I can back this reason to a certain level , because there are big fish for sure , who have the power to manipulate/influence the bitcoin market price. Also , this is not surprising at all ...

So many people were skeptical about this blog post and bitcoin price ,that it cannot even touch 15k ,  thats the major difference between between a general trader and analyst . Because they predict keeping in mind the past records and public sentiments .

Bloomberg seems to be correct in predicting the price of Bitcoin in 2020,
especially now that the Bitcoin price has a strong Fomo,
with the persistence of the Bitcoin price above $ 16,000 there will be a mega pump that will occur, I expected this will happen.

We will break over ATH before the year ends, here I said it. I normally do not talk this big because we are in crypto world and we could be 5k tomorrow all we know, maybe satoshi will come out live and sell all of his coins and that is when bitcoin will go under 1k even!

However I believe none of that will happen, I am looking into the market and we are in a situation where the whole world sees crypto as a solution to worlds financial problems, they see this in blockchain mainly and how blockchain tech will be something as huge as internet will be and the whole world currencies and financial sector will move to blockchain, which makes crypto currencies a lot more loved because they are based on blockchain tech as well. I hope that we will stay afloat for a bit more and go over 20k before the year ends.

Is that true? I also expect the mega pump to happen but still we will see a correction before the market becomes bearish I am also still worried about this and it has been as usual when the pump has been going for a long time the bearishness has been waiting and this will result in big blood throughout the market.

Let's see what will happen with the predictions with the experts, indeed they have a strong analysis in observing this, we will still not overly trust the uncertain.

The pump is very clear, and the momentum bitcoin has right now is very positive. I think maybe not in 2020, but in early 2021. my prediction in late 2020 we can see bitcoin hit new ATH and bullish will continue until early 2021

This blog i read during pandemic month of june and i posted as a blog post , but most of the people here were so -ve about the thought of just knowing 20k , though at that time there was not even a single movement in the price , which happened due to halving , i am strongly convicted to this blog and analyst ,, really happy that finally some good websites are posting a meaningful blogs based on certain analysis , i dont know if it touches 20k or not , but as a trader i am really ok with the sudden change , and market booming up. Lets see what will happen to other alt coins , as BCH is still struggling which somehow is a concern because at this point it should have been around 3k or more...

That's everyone's ope especially traders and investors who believes to this market, those who bought earlier this year really enjoyed
the pumped that taking place.

It may continue up to the next following years, with the pumped and with new developments and adoptions from many people and businesses, we may see more actions and bring more great value to your investment.

They will be always at the right prediction one way or another coz they don't stop predicting anyways lol bitcoin under strong fomo is good but bad for those who are late accumulating bitcoin, or what I called fomoeded  ;D

Still uncertain for me as DeFi projects still shitting in the cryptospace, as investors are still looking for a quick profit out of shit project huge amount of money will just circulate above the DeFi projects. The resistance is strong at that level, though it's still early to assume but I also hope for it.

Yes it will reach it's highest price this year but not breaking the all time high, my modest prediction is it will at least reach $18 k, already we are in a good pace we are reaching a lot of milestone now I wish there will be news like the PayPal news that will move the price even higher, i do not expect an all time high this time, although I welcome it, we'll have another one second quarter of 2021.

Just consider for a moment, if anyone would have bought the bitcoin in the pandemic around 5 - 6 months earlier he could not easily make 1.5x profit or more if they holds more.
Predicting bitcoin price is always difficult but now it seems that sooner or later bitcoin will breaks its ATH record.

$ 20000 looks like it will be easy to achieve this year because the price of bitcoin has been so bullish it can't be stopped so the drastic increase in the current price has made many people aware that they will invest in bitcoin. Positive things that can make all the better the more that choose bitcoin investment for the long term and to make the investment stronger and of course the price will increase even higher.

I wont go as far as saying its easy to go higher and get twice where we were in October that quickly but its certainly been bullish for a while now, maybe 5 weeks and so regular that it appears to have taken up a bullish channel (https://talkimg.com/images/2023/06/12/AcQhG.png) from what I can see and I dont often draw those because it usually doesnt apply.   BTC is most often more sporadic and then resumes going sideways but we've out run momentum and normal moving averages for some time now.
   I'll watch carefully as leaving such a regular ascent almost guarantees our descent downwards though last Feb we went higher before down, its pretty much the case this happens.    Dont know we'll just rise for the rest of 2020 like that.

Interesting topic which created in mid-2020 when bitcoin price was just $9,3k. Many people in this forum didn't believe that bitcoin could reach $20k by the end of the year, but if you ask them now, they may have different idea about the price towards the end of the year. People tend to think pessimistic or don't want to expect much, perhaps afraid of being disappointed about the unexpected reality in the end.

Thanks for pointing these members , who were truly against this blog post and never looked at the positive side. Now i would really want that they shall come up with their rebuttal and theory. I was never expecting much and never looked for 20k , but i always believed that you can compare analyst to doctors , some good and some not , but they can actually look into the scenarios differently and in depth .

Seems like optimism is rarely found in some people and he is one of them , Bitcoins is hovering around 18k , and now either bloomberg or either this blog will be given its due credit , for giving us such an insight . These blogs and predictions makes us believe that crypto world is full of surprises.

Oddly enough, but the prediction shown in the first post turned out to be correct  8)
It would be interesting to know the opinion of the analyst who prepared it regarding 2021 and what options for the behavior of the price of bitcoin are considered after reaching the target levels of this year. It would be interesting to write them down in the same topic and check in a year.

currently bitcoin has touched $ 18K and this is clearly far from my expectations, because I only estimate that bitcoin will only reach $ 15K- $ 16K by the end of this year.

I actually agree that we predict bitcoin from the analysis of experience that has occurred so far with bitcoin, because that is the only analysis that can be done to determine the next bitcoin, maybe all will have different perceptions and that is understandable.

The current bitcoin's price is actually far from our expectations that we assume bitcoin will only reach and stays its price in the $15,000-$16,000 mark. But look at the price of bitcoin today, it is now in the $19,000+ and we are now getting much closer to its ATH again. Many bitcoin holders are having doubts about what will happen next because the whales are currently manipulating the bitcoin's price that they anytime they could sell out their bitcoin holdings.

anything can happen in cryptocurrencies, moreover, just a $ 1000 increase can happen in just a few seconds,
now it is $ 19200, $ 500 less to break the resistance in 2017.

Yeah, what the article mentioned makes sense to the current situation despite many users doubt that analyst although it was based on a study in the market with the halving and institutional investors, not a wild guess without explanation. Nonetheless, it's not the end of the year yet Bitcoin can manage to reach $20k shortly, with that in mind, the projection of bitcoin may reach $28k probably going to take place in December, who knows.


The report also states that bitcoin will reach a 2017 high of 20,000 dollars and may even reach a new high score of 28,000 dollars, as we saw in the last year the high was about 14,000 dollars, which could convert bitcoin almost double in 2020.

That was an accurate prediction by the analyst but little did he know that the price of Bitcoin will surpass the predicted price. For now i could give the predictor some attention for this wonderful prediction he did, but notwithstanding, Bitcoin price can't be determine by any of these analyst sincerely speaking. Although at the moment we can't say where Bitcoin price will likely hit before the end of 2020 but possibly we may see something close to $22k.

My pleasure, I understand that hard to believe what you can't see before your eyes or it's too far to achieve in a short time, such as the predictions that say Bitcoin will hit $50k in December 2020. However, within 6 months in the bitcoin market, many things could happen, hence $50k in mid-2021 more likely to be accomplished.
Meanwhile, let's focus on the next target at $20-$25k and enjoy the rally until the end of the year.

Please read the complete blog, according to the blog analyst , the bitcoin may reach to 28k by the year end.

Guys also you can check a really important and hot topic DeFi

What is DeFi and why is it the hottest ticket in cryptocurrencies?

https://blog.coinbaazar.com/what-is-defi/ (https://blog.coinbaazar.com/what-is-defi/)

You know it will reach 20-25k is one thing , and to sustain that level is another , most of the time when btc goes up , we have seen the trend that it drops down instantly , without maintaining that level . So in my opinion even if it reaches 15-20k in the year end , the major point is it should sustain that level. So people will not think cryptocurrency as bubble.

yeah the prediction is bang on ...without an iota of doubt ...this is a result of proper research and knowing market trends

I never knew before sharing this blog , it would make sense to the best of its prediction . bitcoin has finally reached $28000 , an almost exact figure mentioned in this blog.

What an incredible prediction that has been made, indeed the price of $ 20k for bitcoin is very important, because resistance is at $ 20k and thank goodness bitcoin was able to answer it correctly, bitcoin hit a new all time high at $ 23k then set a new record again to $ 28k and now things are still bullish, maybe later this year we'll see $ 30k!

Within few years time we're reaching the last day of the year 2020. Right now bitcoin has marked its ath value above $28000. If the market is so supportive there is more possible chance of price reaching above $30k. 2020 is really a big year for the entire world. As a bitcoiner it was fruitful, but as a common man we've learned big out of the pandemic.

It could achieve 30k or may be near as it is now at 28200$. It is falling back after 28500$ so not able to find resistance beyond that levels currently. Believe that if it can break 28500 then might stop at 30k. With almost 1.5 days left anything is possible and above 28k is a good price for this year to end.

Good to see bitcoin finally going to sustain the resistance ... lets see how it goes this year .

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