Bitcoin up to $20,000 before 2020?

[bitbunnny]

I think that by now everyone is aware that this is not going to happen. Looking at the market analysis and patterns it's easy to see that is not going to happen, no matter that Bitcoin could be full of surprises.
Also, for price of 20000$ we would need continuous and fast growth starting now but it's much more likely that we will experience another correction.

[Febo]

• There is a massive FOMO sentiment amongst crypto enthusiasts

There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.

[romero121]

Chances for bitcoin to reach $20000 before 2020 is very small. This is all because of the prevailing market situation, even now it can move forward and reach $20000 same as that happened in the past. Comparing with the past charts it doesn't have the right momentum for such a hard push to reach the $20000 price.

Often whales manipulate the market, but this is much of a buying time. Large volume holders make use of it buying as much possible, keeping in mind the growth predicted for the halving 2020. Market change takes place in no time, yet this time over the falling months there is more chances for sustained growth than large scale growth.

[Oasisman]

• There is a massive FOMO sentiment amongst crypto enthusiasts

There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.

I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving.  It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.

[FlamingFingers]

Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year.  It is also very possible that the value might also drop to $5k.

By the end of the year is what OP is trying to figure out the price of bitcoin not first quarter of next year,  bitcoin movements has been unpredictable,  everyone wishes to see it above $20k before 2020. But is it really possible,  as for me it might and it might not,  but by 2020 if there is no Reoccurring  negative news, we gonna surpass it's previous all time high

[Febo]

• There is a massive FOMO sentiment amongst crypto enthusiasts

There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.

I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving.  It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.

But we are more then a half year before halving and only 5% drop put us under $8000.  I believe sub $8000 is very possible. Sub $6000 are already much closer to impossible then possible.

[veleten]

very very unlikely to hit 20.000$ this year , for it to reach this level  something extraordinary must happen
we should be happy with the support at > 8.200$ , if the year is ended with 8-9k range would give a good base for growth before the halving
we all know how volatile bitcoin is and it reacts immediately to even moderate trade volume increases , both ways
so 1-2.000$ price difference can happen in a matter of hours
I definitely expect bitcoin to break ATH 2020  and not only because of the halving - IMHO ,  the time has come for it to attract corporate investors and move on to another level

[Ferris419]

Actually, the present price of Bitcoin is too low when the FOMO is very high. Bitcoin price should be crossed by 20K USD this year, but yet the price growth seems very slow. I heard many predictions that BTC price will hit 10-12K USD in October, but today is 14th October and the price is not about 8500! Overall, I want to say, 20K USD is not possible this year with this growth!

[SummerBliss]

It don't seems possible to me that price of bitcoin will reach $20k by the end of this year as we have already entered the Q4 of 2019 and only three months are left and prices are still around $8500 at the moment and there are less chances of surge upto that level but predictions have been made earlier also but they prover wrong.So we might see $20000 next year.