BTC 20K coming soon, watch this chart and ease your mind :D

[Lucius]

Guys why does 20K seems like an impossible thing to you ?  

The fact that the crypto-market is very small (way less than 1 Trillion $ in total ,420 Billion as for right now) makes it very easy to move to both directions in no time, some traders compare crypto to forex which is wrong, there is well over 5 Trillion $ trading volume only.

just remember that !

- BTC went from 6K to 9.5 K  in less than 18 days  this month !!! ( well over 40% increase )
- Last year btc went from 5k to 20K in 35 days ( 250% increase)


Now fundamentals are a major factor and everything can change at any second. but technically speaking we broke a major down trend, we building a new support/up trend which has been tested couple times and proven to be strong enough. the biggest obstacle would be the double top at 11-12 K. it may take weeks to break that but the road from 12 K to 20 K is going to be much smoother.


as much as i want crpyto to MOON in no time, i would love to see a slow and steady growth.

I do not think it is impossible at all to reach 20k $,the only problem is how do you define "soon"?

Based on last year BTC has a much better starting point for new ATH this year-as you say it take only 35 days from 5k$ to 20k$ and now we have 7 months by the end of this year and current price above 9k $ level.The real question is whether the last year scenario can be repeated,or people will be a bit more cautious with their money.

I personally expect at least 20k $ by the end of this year,but it is realistic to expect even more.

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[mikeywith]

Guys why does 20K seems like an impossible thing to you ?  

The fact that the crypto-market is very small (way less than 1 Trillion $ in total ,420 Billion as for right now) makes it very easy to move to both directions in no time, some traders compare crypto to forex which is wrong, there is well over 5 Trillion $ trading volume only.

just remember that !

- BTC went from 6K to 9.5 K  in less than 18 days  this month !!! ( well over 40% increase )
- Last year btc went from 5k to 20K in 35 days ( 250% increase)


Now fundamentals are a major factor and everything can change at any second. but technically speaking we broke a major down trend, we building a new support/up trend which has been tested couple times and proven to be strong enough. the biggest obstacle would be the double top at 11-12 K. it may take weeks to break that but the road from 12 K to 20 K is going to be much smoother.


as much as i want crpyto to MOON in no time, i would love to see a slow and steady growth.

I do not think it is impossible at all to reach 20k $,the only problem is how do you define "soon"?

Based on last year BTC has a much better starting point for new ATH this year-as you say it take only 35 days from 5k$ to 20k$ and now we have 7 months by the end of this year and current price above 9k $ level.The real question is whether the last year scenario can be repeated,or people will be a bit more cautious with their money.

I personally expect at least 20k $ by the end of this year,but it is realistic to expect even more.

you see that BTC grows by 1000$ in no time ?  it's not hard for BTC to make it to 20K by the time i expect it to, it only takes about another 400B in total market cap to bring btc to that level, 400B is nothing. the only obestecle ahead is the double top at the 11000-12000$ . once we break that i expect we would see a crazy rally just like last year end.

don't worry FOMO will get us there

[thecodebear]

To get back to ATH this year Bitcoin has almost 8 months to double. Good odds of that! A 9% monthly growth rate from now would have Bitcoin back to ATH's just under $20k by end of the year. That's extremely doable.

[Fedor07]

There are  lots of chances for bitcoin to reach 20k$ . I mean he already reached that value last year , that should mean he will reach that value again eventually , right ? Lately bitcoin has started to grow , to go up and reach more thgen 10k$ . He still didnt passed that value but he will pass it very soon.

[Eugenar]

As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based view.

https://www.tradingview.com/chart/BTCUSDT/4oFVgYUy-BTC-20-K-coming-soon/




Looking at the daily chart of BTC (log scale ) you can see that we broke out of a downtrend that being holding the price from ATH.

not only that. we broke another trend line which can potentially be our BASE for the next ride.



*** before you go ahead and argue about my charting check my prev predictions/analysis .

******this is not a financial advice whatsoever !! trade at your own risk **********

The problem is that Bitcoin is so volatile and things are way unpredictable. Charts or patterns are not usually how things are ending up. I do believe that the market value of Bitcoin will fully recover eventually but things won't happen as planned because of the volatility in the market. Sudden changes are always expected and that is what making the growth in the market, complex.

[mace15]

There are  lots of chances for bitcoin to reach 20k$ . I mean he already reached that value last year , that should mean he will reach that value again eventually , right ? Lately bitcoin has started to grow , to go up and reach more thgen 10k$ . He still didnt passed that value but he will pass it very soon.

A lot of changes may happen since value is very unpredictable. A good chances actually to reach $20k but no one knows. I come to see the chart and I am positive it will occur so to ease our mind could help on holding.

[Lucius]

you see that BTC grows by 1000$ in no time ?  it's not hard for BTC to make it to 20K by the time i expect it to, it only takes about another 400B in total market cap to bring btc to that level, 400B is nothing. the only obestecle ahead is the double top at the 11000-12000$ . once we break that i expect we would see a crazy rally just like last year end.

don't worry FOMO will get us there

You do not have to be so fascinated with that one time 1000$ jump which has happened recently- BTC is volatile and it can move in both direction.Problem with your speculation is that you say "soon", so I ask you how you define that-days,weeks,months?

By the way 400 billion $ is not "nothing" as you say,it is still a lot of money.There are still many obstacles on the way up,it will not be easy - you should take into consideration that many are burned on last correction.I'm not saying that this year we should not be expected new ATH,but it could be with a certain dose of caution from investors.

[sandor111]

you see that BTC grows by 1000$ in no time ?  it's not hard for BTC to make it to 20K by the time i expect it to, it only takes about another 400B in total market cap to bring btc to that level, 400B is nothing. the only obestecle ahead is the double top at the 11000-12000$ . once we break that i expect we would see a crazy rally just like last year end.

don't worry FOMO will get us there

You do not have to be so fascinated with that one time 1000$ jump which has happened recently- BTC is volatile and it can move in both direction.Problem with your speculation is that you say "soon", so I ask you how you define that-days,weeks,months?

By the way 400 billion $ is not "nothing" as you say,it is still a lot of money.There are still many obstacles on the way up,it will not be easy - you should take into consideration that many are burned on last correction.I'm not saying that this year we should not be expected new ATH,but it could be with a certain dose of caution from investors.

There will be more "small corrections" this year because people learned that it can fall any time so they will sell a portion every time Bitcoin will be rising for more weeks successively because they will be afraid of another crash like it happened in January and later.
So this year it will take more time to get back to $20,000.

[laredo7mm]

If you look at OP's log chart you will see that price growth from mid-September ($3500) till mid-December 2017 ($20,000) was very steep. There was only one notable correction in mid-November, other than that, almost all days were green. This is simply not sustainable. The 2018 bull season that started recently will not be as steep. My prediction is that trend line will be similar to downward trend line of early 2018 bear season, except it will be upward of course. So $20k in September or October 2018.

[eaLiTy]

you do realize that bulls have been sprinting for  like  3 weeks don't you !? it is very normal for the market to rest and correct even to mid 8k.

The support we are having is a positive thing, but any negative news could impact the market and the price will go down, since the price rally is merely a speculation, anything can happen when there is a negative news.

as for the 6K i do not see a Technical-reason for that to happen. we have built some nice support areas above 7K and it won't be easy going to 6K again.

Right now there is nothing to suggest that the price will go down, MtGox team is waiting to liquidate their bitcoin when the price rises, so anything is possible.

as for the 12K point , you are 100% right. most people are waiting for that break, that's why  i said when we break 12K then 20K will come in no time.
anyway let us wait and see what's up! . my SL is at 8400$

Once the price crosses $10k we might see the price moving to $15k until there is a massive sell off, as mentioned earlier i am sure MtGox team will liquidate their coins when the price reaches their target and putting a stop loss in this market is a bit foolish unless you are holding the coin at a massive profit.

[okala]

In as much as you did not advice us to buy I think we are to buying bitcoin and others good coins now if we want to really make good profits from this market. Everything is set for bullish trend from the foregoing chart and I also learned something from this your analysis that I am going to add into my future trading decision.

[vintages]

OP, don't be too excited. Bitcoin price is just struggling to maintain the price of $9,000 and you are already becoming excited. Bear in mind that the price of cryptocurrency is most times, unpredictable. It's not that the price of 20k is not possible again, but it will take a gradual process for it to reach there. And when it does, it will be unstopped till it reaches above the price of 25k. This is personally my predictions.

[gabmen]

OP, don't be too excited. Bitcoin price is just struggling to maintain the price of $9,000 and you are already becoming excited. Bear in mind that the price of cryptocurrency is most times, unpredictable. It's not that the price of 20k is not possible again, but it will take a gradual process for it to reach there. And when it does, it will be unstopped till it reaches above the price of 25k. This is personally my predictions.

Well that's almost the same as op making such predictions. There are several scenarios that could happen in the next couple of months and we also have to consider that not everything that will happen would be positive. Ypu're going to save yourself from disappointment if you don't expect certain amounts from bitcoin