Will Bitcoin break its previous ATH record of 20K before end of 2020?

[STT]

Are we magnetised towards 20k now, like a moth to a flame are we drawn to the largest and most obvious price in our view which of course is the ATH of now mythical status.   I wonder if thats a real effect or do we get repelled by 20k as we get closer and just as we approach after all these years some hidden sect of BTC knights templar buyers now aged by their years of holding and determined to be sellers will come in to force us downwards.   It could be a bit like the 10k region used to get with people writing all their exchange orders for the nice round number like its that important.

[Oasisman]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Looks like if we keep this pace up, before November ends we could reach to $20k levels and after that when December comes we could make a run for making a new all time high that would be hard to break. Hopefully we will not drop too much after these huge runs, because going high is a great thing but going very low after that high has been horrible for the past three years since last ATH.

Uhmm $18,600 already at the time I'm typing this, which brings us closer to $20,000 and that's $1,400+ away from breaking the ATH. In this current pace, we can either see $20,000 just before December or early on December.
But the real party begins when Btc get passed $20,000 and let's see what happens from there. Whether it keeps it's rising momentum or the quick sellers who missed the 2017 opportunity will bring Btc down real hard. Corrections are inevitable though.

[shoreno]

Are we magnetised towards 20k now, like a moth to a flame are we drawn to the largest and most obvious price in our view which of course is the ATH of now mythical status.   I wonder if thats a real effect or do we get repelled by 20k as we get closer and just as we approach after all these years some hidden sect of BTC knights templar buyers now aged by their years of holding and determined to be sellers will come in to force us downwards.  

thats a deep message you write there bro . we arent magnetised for the 20k but we are more magnetised by the time that btc was 10k range. remember , it takes several attempts ( ups and downs ) before we succesfully get out of that range and we are finally here at 18k , price dont get stuck anymore and i suspect that it will easily head down to 20k path .

its not joke to hodl for a long time , that is why those legendary hodlers feel the need of a release especially when btc starts moving above 10k usd and this is why we feel that there is something that stops btc

[3meek]

It is strange for me that almost no one thinks about the price drop... Although I'm optimistic that we'll reach 20K, you can already see a good parabola on the chart! The rollback should definitely happen!

[Sayeds56]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Looks like if we keep this pace up, before November ends we could reach to $20k levels and after that when December comes we could make a run for making a new all time high that would be hard to break. Hopefully we will not drop too much after these huge runs, because going high is a great thing but going very low after that high has been horrible for the past three years since last ATH.

I agree with you 100%. The technical charts are predicting that it might cross 20K within days, Hopefully. Crypto currency always comes with surprises and i think this the beauty of crypto space.

[Japinat]

It is strange for me that almost no one thinks about the price drop...

I am, but you can understand that the sentiment now from people are bullish, so we don't talk too much about a price dump or a price correction.

Although I'm optimistic that we'll reach 20K, you can already see a good parabola on the chart! The rollback should definitely happen!

Of course, $20k will mean a new ATH will be achieved, and after that, expect a fall back as that is normal, a healthy market would result to that.
FOMO would make bitcoin overprice, but like I said, it will correct.

[Sayeds56]

It is strange for me that almost no one thinks about the price drop... Although I'm optimistic that we'll reach 20K, you can already see a good parabola on the chart! The rollback should definitely happen!

Well said. Pullback is always possible, though all Technical Analysts/Indicators are predicting long term Bullish run  but Technical charts are never perfect science, it is the science of probability which is total based on history. History always repeats itself because Human behaviour never changes. What happened yesterday  same will happen again but when , nobody can predict correctly.

[Chrystora123]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

the fluctuation is very good and demand continues to strengthen, it is very likely that we will see Bitcoin at $ 20k again.  but we also have to be prepared for possible market correction..

[Sayeds56]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Yeah, the price is even closer now so I am quite sure the talks should be around 25k now because we are still long way to end the year and if the current trend continues we can actually see 22k or 23k being reached by the end of the year.

I fully subscribe to your views and hope this time it will not be repeated what happened in 2018 because there is more acceptability of Bitcoin among general public as well as institutions. There is huge involvement/investment from institutions side during the past months and years but crypto market always comes with surprises, you never know what tomorrow brings for you.

I don't think that will ever happen again what happened in 2018 because now the market is much more healthy and a few whales cannot even shake the market like it was possible back in 2018 or earlier. Also there are new investors coming via other mediums like Paypal and others plus there are news of big investors investing so the market is now rising naturally and should never drop down by much because small drops are normal and expected.

Well said. You are absolutely right. We all hope that History of 2017 will not be repeated and BTC will continue its upward Journey in coming weeks and months.2017 Rally was totally Speculative but current rally is far different. BTC Halving & Institutional involvement in Cryto space are  the catalyst of this Huge pump in BTC price.

[Japinat]

Well said. You are absolutely right. We all hope that History of 2017 will not be repeated and BTC will continue its upward Journey in coming weeks and months.2017 Rally was totally Speculative but current rally is far different. BTC Halving & Institutional involvement in Cryto space are  the catalyst of this Huge pump in BTC price.

We only discover that it was all hype in 2017 when the price corrected, but prior to that when the market is still bullish, we are fully convince that it's the real adoption that is making the market pumped, so I believe we are in the same scenario, we believe so much in media so might disregard the possibility of the dump which is the result of big correction.