Chart Shows Bitcoin Hitting $91,000 By March 2020

[stiucsib86]

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

[ashmodeus]

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

well
like i say on many many speculation price thread.
if u believe it , just believe it.
no one people will guarantee all of prediction.
me also have speculation about price
and continue hodl , altough on price down and down.

[Psynthax]

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

I can say that tom lee speculation can't be considered as a serious speculation. I have seen he was making a lot of prediction about the future of crypto in so many times and the majority of his predictions become fail. The chart is unpredictable because crypto depends on the news and rumour. We know that we will see what will be happening in G20. I think that will give a conclusion about where will we go in the future.
Even some more expertise than tom lee said that bitcoin will worth more than 100k in some years later.

[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.

[burdeN]

not very clear to me. The last decline is somewhere between 2017 and 2018, but what about the current situation? What if we will sit at a bearish market for 3-12 months like it happened before?

[kindbtc]

At the moment market is full of panic, negativity and fud so until there are no signs of reversal people will not be happy and they will not accept the fact the crypto is just getting started and it will grow in coming months and years so no need to panic sell at the moment.

[stiucsib86]

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!

[rommelzkie]

No one can predict the market movement. even if the big institutions says that bitcoin will go down or up. do not trust any of them. even the news.

Here is the chart of forbes based on your link

[kevoh]

I am quite indifferent to this speculative news of $91000 and more interested in how bitcoin will have resolved its scalability issues by the same March 2020. The last time we hit all time high of $20000, bitcoin was almost rendered useless due to high transaction fees and extreme delay in confirmation despite it's high price.

[anggriani]

this is just speculation, I still remember that some time ago John Mcafee once gave a statement that bitcoin will reach $500k by 2020.
we all want the best, so we can conclude bitcoin price in 2020 is $90k the lowest price and $500k the highest price  

[kriptom]

Why not cause $ 100k in a market that can move so fast. The graphic tells everything.

[Diced90]

No one can predict the market movement. even if the big institutions says that bitcoin will go down or up. do not trust any of them. even the news.

Here is the chart of forbes based on your link

It a decent analysis but 91,000 dollars is a little overboard looking at how much time we are left with to in 2020 and considering how much fear regulators bring to crypto users(traders) I think the prediction should have being half or a quarter of 91,000 dollars.

Should this come true the new elite will be born, fingerss crossed.

[BitcoinHodler]

you can never predict bitcoin by looking at its charts and not even with doing technical analysis. it may give you some guidelines for the possible futures but it won't tell you what will happen exactly to the number.

price will rise and we will see another huge rise followed by a big bubble at some point but when and how much of it is not something we can predict. the same way nobody could ever tell you by the end of 2017 price of BTC would be $20k!

by the way this is altcoin speculation board not bitcoin.

[Crypto_lion]

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

What are you trying to do. These chars mean nothing if the sentiment of people are too low. I have never believe in Technical analysis . Unless there is legal recognition for cryptos most of the places , it's difficult to see it going 90k

[Maloppo]

nothing impossible the price btc is raised to $91,000 or more above
and 2020 years is the last in mining of bitcoin, it is possible will be increase there.

[bozo333]

Why not cause $ 100k in a market that can move so fast. The graphic tells everything.

It is not a exact prediction it will down also possible in the crypto market. So we just accept the 91k USD by March 2020. But many peoples are afraid in the current situation these kind of predictions are reduce the price fluctuation in crypto market. This coin is one of the trusted coin so we expect 100k USD in 2020.

[electronicash]

i'm not sure if i will believe the price could even go much larger than $91K but this $8k price could be the best entry point of someone who is trying to acquire a handful of BTC. there are flaws of btc but we all can see its popularity which is why its going upward and regular people sees it as a good asset to own as its going to be a high value coin that it can reach up to $500K as speculated by someone.

[Cnut237]

Everyone is guessing, any specific price is just a guide as to what it *could* hit.
In general I do agree that crypto is here to stay and will grow in the long-term.
Also I do think that the December rise was too high, which is why we saw such a big drop this year. It does make sense that there should be a strong rebound upwards, and a lot of people do seem to be expecting this to happen.
The market has bounced back twice now from a bottom of around $270 billion, so maybe the upswing is coming...

[DogTheHunter]

It should be 3-4 trillion dollars for BTC to be 91000. It's not easy, but it's not impossible.

[Eminem23]

Perhaps it will be so, because there was a period when they believed in him and he did not show anything. They waited and got a lift that simply tore all the realities, now maybe it will happen again or not at all, everything will show only time.