Chart Shows Bitcoin Hitting $91,000 By March 2020

[GoldenLad]

I see this price speculation to be a confirm bullshit! Nobody knows the next price of bitcoin, if there have been a true prediction of bitcoin from any of the 'expert'; everybody who have invested in cryptocurrency would have been a crazy billionaires by now but alas. It might even surprise you that come 2020, the price of Btc might be dipping or only be reaching 20k-30k. Just hold your coins!

[Clark05]

Maybe that happen and they have chances also it will not happen.  Because maybe bitcoin die after few years or still alive because we know they have a lot of coin that want to become bitcoin.   But maybe it will reach that price after few years. For sure most of us oncs to see the price become very high because if that happem we can get more profit.

[Jianx]

hi friends. after btc and alt down due to G20 issues do you think today is the point where all will come back as early? I see all alt have a fairly high rise to 30%.are your expectations the same as my expectations?

[clrpod]

It's possible we could see bitcoin as high as 91,000 or even higher. I think given the current market if people were offered for bitcoin to be at even $20,000 for March 2020 then they would take that. Last time we had a crash close to the current one was 2014 and it took near 3 years to return to the previous ATH. That would mean it won't be until near the end of 2020 or early 2021.

Gosh, you are right! Didn't know that the 2014 crash took 3 years to recover!

Yup, and 2011 was about 2 years. Law of averages says 2.5 years until we see 20k again but such predictions are exactly what TA is based upon and they're so primitive and relatively useless. The past does not define the future.

[KryptoKai]

It is not impossible based on the chart, an upwards trend should continue in the long run but we're all wondering about how long this bear market will last. The chart shows that it can last a long time, although now because it is more mainstream than before i think the bear market will be short with a recovery due soon thanks to this good G20 news.

[coolws]

No one can predict the price even with technical analysis through charts. The price of BTC will fluctuate a lot in the following months. I'm not clear that the price would reach and hit $91,000,but for now it's good to join in and buy some of BTCs since it's a good investment with high value.

[Markperop]

No one can predict the price even with technical analysis through charts. The price of BTC will fluctuate a lot in the following months. I'm not clear that the price would reach and hit $91,000,but for now it's good to join in and buy some of BTCs since it's a good investment with high value.

It seems to me that all the forecasts about 100,000 dollars for one Bitcoin coin are just empty words. I do not think that their chart showed that Bitcoin would drop from 20,000 dollars to 6,000 dollars.

[faaty]

Saw this article being shared by many in FB groups.

https://www.forbes.com/sites/chuckjones/2018/03/17/chart-shows-bitcoin-hitting-91000-by-march-2020/

Tom Lee, Fundstrat Global Advisors’ Head of Research, thinks it could rise to $91,000 by March 2020. Fundstrat and Lee have compiled an impressive database, statistics and graphs on Bitcoin that helps to visualize short-term and long-term trends. They include the cost of mining Bitcoins, hourly, daily and monthly trading trends and technical analysis.

Any thoughts?

(Couldn't find the original source for the "compiled database, statistics and graphs" though).

Bonus:

“March is typically the worst month for bitcoin, rising 1 of last 7 years,” they wrote in sharing the following chart.

Source: https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15

This chart is so smart. It is similar to my weekly elliott wave analysis and my target is around 80k usd around 2019. I think there is nothing impossible in this expectation and I support this.

[Prosperityforall]

These countless price speculations set me off, no one know the future. Now bitcoin is useless, high transaction fee, long transactions, I hope lightning will be more efficient

[Johnny Lgz]

It is someone's prediction and you may believe and expect it, but I rather expect and will do, what I need to do in the current situation of Bitcoin today, rather concentrating what will happen on a year....

[renes]

I can say that this is obvious wrong prediction, between 2018 and 2019 there will be no increase but just a consolidation. Even though price does not crash further it usually goes at the same price.

[McWorse]

Even if this prediction - based on charts - is right: Nobody knows what will happen in the next two years. And because bitcoin is part of society, social development also has an impact on bitcoin. Many crises are currently flaring up. And some of them have the potential to trigger massive global crashs. Nationalism is growing up everywhere. People no longer understand the world and are looking for simple solutions now. Instead of setting the banks on fire, asylum seekers' homes are burned down. Instead of fighting back for the freedom that is increasingly being taken away from us, gays and dissenters are being attacked. Truths are dismissed as fakenews. Science is dismissed as a lie. Then a growing war in the Middle-East. Increasing aggressions between Russia and the West. China is beginning to show strength. And people like Trump, Erdogan, Putin are not the best ones to calm things down... On the contrary! They heat up the mood to distract from their mistakes.
There are a lot of dangerous ingredients in the soup.
And a severe crisis will affect the bitcoin. It can open the doors wide for a brutal and quick regulation. And the manipulation can be unleashed even more than it already is. We trust in our internet connection. But you can also switch it off. You just have to invent good reasons that are believed by the stupid mass - which is growing exponentially at the moment - and this stupid crowd will tear the internet plugs out of their own walls ...