Current steady growth will result in $20K by end of August?

[Lightsource]

People have been twice, three times, four times burned. So I don't think it will raise this fast so soon.

[Bonsaiav]

In recent years, the war of negative speculation and the positive speculation, which is rampant today has caused a drop in overall cryptocurrency prices. Surprisingly in the first quarter and the second quarter, for the first time fewer people are interested in buying bitcoins. To regenerate the value of bitcoin the solution is it needs more people who adopt this technology to make it more valuable.

[ArnoldChippy]

I think if it is true that it is a good time to buy as much bitcoin, but most people still doubt with such predictions because what they see bitcoin really goes down very far at this time.

You are right. we are too long in a bad position in the market. so there are fears and traumas that are still in the hearts of every investor. but this will disappear by itself if the market continues to experience more price increases. over time and steady growth that continues to occur. user confidence will re-grow

Yes that is right to say but still i think that people have become familare with bitcoin and now they know the its nature too much, therefore they have removed any fear from their heart, and now they are trying their best to hold bitcoin as much as they can, because they know that very soon they will see bitcoin price trading too much high.

[websoftwareengineer]

Last 3 weeks growth has been slow, steady and strong amongst slight price fall now and then. Experts said the price would grow back by end of April and yes it happened. So will bitcoin price hit $20K by August 2018? I am sure yes if this current growth trend remains as it is.

What are your thoughts?

In my own opinion, it will take more time before bitcoins could reach $20k dollars this year but there is a chance for the price of bitcoins to grow and surpass $10k dollars before the month hits august.

[Worty316]

it will happen slow and steady at first, the g20 UN regs are being presented in july and then the standard stock strat of sellin may stay away, so later in the fall large firms will probably roll back into the market.

[intoy_victor]

By the end of august? Impossible! That month bitcoin price are just starting to recover the price. Usually bitcoin price will getting higher at the Ber months.

[South Park]

Probably almost all bitcoin holders want it. All agree. Bitcoin will rise high the price .. That's what you wait for waiting all expect it. Bitcoin always gives a special surprise.

While it is obvious we would like a fast recovery the ones that are the most desperate to see a recovery are those that invested in December, I do not have a lot of bitcoin but even the current prices are fine by me so I do not really have any kind of need the prices improve immediately, even if this bear market lasted for several years I know I can hold long enough to see the next bull market.

[rickadone]

In recent years, the war of negative speculation and the positive speculation, which is rampant today has caused a drop in overall cryptocurrency prices. Surprisingly in the first quarter and the second quarter, for the first time fewer people are interested in buying bitcoins. To regenerate the value of bitcoin the solution is it needs more people who adopt this technology to make it more valuable.

This is a decentralized market and we all know how things have been so far for a while now and most especially after the FOMO rush last year which was uncalled for. This is the after math which we actually do not know the rate at which the market is really going to be affected for now and the only thing we can hope for is to see a recovery soon, but as we keep lingering on to the way down, I am not expecting any miracle before the end of the year.

As of now, bitcoin had failed to hold up the much expected $6000 levels and trading right now around $5800 levels. First we need to stop further fall down before thinking about up trend moving. I am expecting bitcoin to test again $10k levels in this July if that happens then we may think about $20k in August.