How high do you think Bitcoin will go on the next bull run?

[centimentalking]

I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise.

it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot.

i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them.

this is called "putting the cart before the horse".

It doesn't matter all we want highly demand and supply. Just thought if the same situion happen next year ?. I hope next year would be great for bitcoin like 2017.

[sunanbonang]

slightly higher than last year, maybe around $ 25k - $ 30k. I predict if the bull market will occur in 2020.

[xuv500]

I am sure that the price of Bitcoin can still experience a tremendous increase in the coming months. With the increasing number of people using Bitcoin, it is very good for the direction of positive change. Bitcoin prices are currently in the range of 6,000USD and it is very possible if at the beginning of next year Bitcoin prices could reach 10,000USD. I am optimistic that it will happen because Bitcoin is a thing that often surprises us all.

I appreciate your height of confidence but I don't think the market will skyrocket this time like last year it did. Yes I agree there will be a change in price but not as expected, because the bear market is still in progress. There is lot of hope in cryptocurrency let's wait and see.

[fulmetal08larz]

On the next bull run, BTC price could go as high as the previous year's price level. It may seem that things are worst during this time of year, but it actually is a good sign for BTC to find its support at its current level. Once bull run happens, it will try to reach the previous ATH and could probably breakout until $25k by end of 2018 which will be followed by another sell-off, only to find a stronger support.

[Slow death]

Next bull run..how high?!

 

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

Why do you believe this?

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.

I think you are dreaming too loud and not being realistic, $100,000 is a very high price, we are at the end of 2018, and with a price of $6000 and we do not have much demand and we have many governments that do not like bitcoin, like Is it possible that this whole bad situation is reversed in just 2 years? I can agree on prices of $25000, but $100,000 is very exaggerated

But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think?

still continuing to think you're dreaming too loud

[Sengoko]

From the experts point I think the price of bitcoin will reach around $7500 if the price continue to be resistant around $6800 and if there's a downtrend from the current price range it is sure to reach around $5400 to $5100. It's good to be prepared enough to meet the upcoming event which can make us joyful or let us invest more.

Bitcoin has taken a long time to recover and come back to the bull market and I think this is something which will show the strength of Bitcoin though it takes time but that is understandable for those who are in investment only with their savings. They will have a great time in future because we have noticed that Bitcoin is on the increase trend averagely so it is possible to see higher price than the previous highest price.

[arnaudel98]

I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise.

it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot.

i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them.

this is called "putting the cart before the horse".

But we need more investor to involve with bitcoin and make its price fluctuate. If we get some investor the price can be go $10,000 or below. But still we need more investor to make its price up.

[KenChanYu]

From the experts point I think the price of bitcoin will reach around $7500 if the price continue to be resistant around $6800 and if there's a downtrend from the current price range it is sure to reach around $5400 to $5100. It's good to be prepared enough to meet the upcoming event which can make us joyful or let us invest more.

Bitcoin has taken a long time to recover and come back to the bull market and I think this is something which will show the strength of Bitcoin though it takes time but that is understandable for those who are in investment only with their savings. They will have a great time in future because we have noticed that Bitcoin is on the increase trend averagely so it is possible to see higher price than the previous highest price.

  Its good to have a positive motivation mate, it can conclude the bearish market and enhance the wisdom of some people spreading with accurate and confident determination in the field of crypto world. Which can help with fast progression and bounty developement of bitcoin. As of now, we could'nt determine how stable bitcoin's price is, but the big assurance reaching the desirable peak will be able to occur as soon as the market has gain the stability.

[Fromse]

Maybe $20,000 again as the investors sentiment is very low.  I think we have to see the major bull run in 2020. By 2020, we should expect bitcoin to be trading above $100,000 as by then banks and governments may have come into the market and put in big fund.

In fact it is depending on the interest of the people, there is a psychological barrier of 10000$, I can see that once the bitcoin price will cross that level then we are expecting that the price will continue increasing and very soon we will see the bitcoin price touching 20k again.

[Capt00]

Let's motivate our selves and think positive for the possible happen in an expecting bull run that probably will happen on this current year-end. We could not determine the exact price will go up but hopefully, it will happen. Because the price will up due to the demand of the bitcoin in the market if people still doubt bitcoin it will not help to the market price.

[xfaqs01]

it depends on your next, if its this decenber or next year or next 2 years or so, for me personally i dont think this year but if it, i think it wont pass $10,000 but the next year is another thing, when china earlier anounce they legalize bitcoin thats a bog thing though.

[ConotCan]

From the experts point I think the price of bitcoin will reach around $7500 if the price continue to be resistant around $6800 and if there's a downtrend from the current price range it is sure to reach around $5400 to $5100. It's good to be prepared enough to meet the upcoming event which can make us joyful or let us invest more.

I do not think that bitcoin price is going to break 6000$ level, it has a very strong support at that level for a long long time, I hope that we are now only hopping that bitcoin price will very soon cross 10k level which is a big psychological barrier for bitcoin price.