How high do you think Bitcoin will go on the next bull run?

[thecodebear]

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.


But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

[BitHodler]

Purely based on the multipliers from previous all time highs to the new ones, I think it's safe to say that it will easily break $100k, the only thing I'm not sure on is when the next bull run peaks. I'm not seeing it start any time soon.

The most interesting aspect will be the correction that follows afterwards, especially with how we'll be seeing a whole lot more adoption from large legacy entities in the next couple of years.

Usually we're correcting with 75% on average, and it would be quite a bummer if it does again. In that case it will indicate that the market hasn't actually matured at all, which after more than a decade is a poor performance.

[harizen]

No such thing for me as setting or thinking of a target price. What matters for me is, the bull run will really happened no matter what.

If how long it will lasts, if what's the highest price will be established etc. I like them to be surprised. Im disregarding all speculations and predictions about the what will be highest price even how good and well detailed the analyzation because of an obvious reason that it may be spoiled. So for me, I will just watch how bitcoin price will behave once the expected and much awaiting "massive bull run" will happened.

But remember that people shouldn't get carried away easily once it happened. A wrong interpretation about the trend may lead to an unexpected scene that people don't want to experienced.

[figmentofmyass]

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

what is that based on? you got a crystal ball?

we've had so few cycles to study in bitcoin that i really hesitate to make assumptions about time.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania

i think we're going higher than that, possible a lot higher. looking at the last cycle, from previous ATH (2013) to new ATH (2017), $300-350k would be a fair estimate. but i also wonder if future bull cycles might get even more exuberant than past ones, due to the perception of diminishing supply and exponentially increasing demand.

[cellard]

The longer we stay below the past ATH the higher it will go, specially if we go sideways for a long time, due the cyclical contraction and expansion in how bitcoin behaves.... it's like a fractal, like some sort of wavelength. The longer the rest the more hardcore the next punch will be, and next time I can see it going $100k+. It's ridiculous how some are pointing to very low prices like $30k or whatnot. I can feel that they are starting to get scared to give higher ATH's, just like how $20k was seen as insanity a year ago. Hell I remember Trace Mayer being told to be insane when he made his $3000 prediction. Then you have analysts like Tone Vays which predicted $7500 as the best possible scenario for ATH. Funny how Richard Heart got it right and he is more on the troll side of things. Perhaps McAfee is right after all.

[Juggy777]

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.


But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

It's too early to even think of a figure that Bitcoins might touch during the next bull run, as the important question now should be when will the bull run happen, what will trigger it, how long will it last, will it just increase the prices and not adoption. If and when there's a bull run and massive adoption takes place then we won't need to wait for bull run, prices will keep on increasing daily, but if I have to pick a range anywhere between $20 to 50k don't see it crossing those levels.

[supermine]

Everyone have their own opinion but no one can answer exactly for this question because we knows that cryptos were unpredictable always.I hope it will go three or four times of the current all time high prices so which is about $60000 to $80000 but the time taken for the next bull run will be much longer than the expected and also the bull run will be longer to reach enough prices before the next price dump.

[davis196]

This is probably thread number 1000 asking the same "next bull run" type of question here.
Come on people.Can't you just relax and wait.Bitcoin isn't going anywhere exept to the moon.The start of the skyrocket price growth is delayed for 1 or 2 years,but eventually bitcoin will hit the moon.

[Lucius]

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.


But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

There is no doubt that bull run will happen again, but I'm not sure it will happen in the next few months. I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise.

I'm more inclined to the theory that next bull run will start in 2020 or maybe in 2021, maybe just because of 2020 halving effect. Tim Draper gave his prognosis for 2022 with the price of 250 000$, and I have nothing against it - with only 4 BTC anyone can become a millionaire

[NeuroticFish]

Next bull run..how high?!

It also depends on how long until it starts, how the people finances will look like ...
We may have another short lived bubble up to 100k like ranges or we may have a slow and healthy growth which may not reach more than 25k.
If a new depression strikes we will be happy to stay at the current levels...

[beerlover]

I agree that $100k is about the right price for it but not because of the number but because of the marketcap.

Let's assume the number of coins available is at around 19 million. If you calculate 19 million coins with $100k than the total marketcap would reach about 19 trillion dollars. That is about the same as nasdaq and nyse combined which would make sense to be the maximum for bitcoin itself.

It should not be anything remotely higher than that. The proper way to calculate these things are by comparison and if you do not calculate it right you could see it go off a lot higher. For example if you combine nasdaq and nyse that combines to about 26 trillion or so and I highly doubt any crypto currency would ever be close to that hence I think the best way to calculate was that, you can calculate it some other way using something else that way by marketcap size.

[thecodebear]

I agree that $100k is about the right price for it but not because of the number but because of the marketcap.

Let's assume the number of coins available is at around 19 million. If you calculate 19 million coins with $100k than the total marketcap would reach about 19 trillion dollars. That is about the same as nasdaq and nyse combined which would make sense to be the maximum for bitcoin itself.

It should not be anything remotely higher than that. The proper way to calculate these things are by comparison and if you do not calculate it right you could see it go off a lot higher. For example if you combine nasdaq and nyse that combines to about 26 trillion or so and I highly doubt any crypto currency would ever be close to that hence I think the best way to calculate was that, you can calculate it some other way using something else that way by marketcap size.

No. You're off by one zero there. That'd be 1.9 trillion dollar market cap. So what you're saying is that you think it could go to a million dollars per bitcoin.

[thecodebear]

Purely based on the multipliers from previous all time highs to the new ones, I think it's safe to say that it will easily break $100k, the only thing I'm not sure on is when the next bull run peaks. I'm not seeing it start any time soon.

The most interesting aspect will be the correction that follows afterwards, especially with how we'll be seeing a whole lot more adoption from large legacy entities in the next couple of years.

Usually we're correcting with 75% on average, and it would be quite a bummer if it does again. In that case it will indicate that the market hasn't actually matured at all, which after more than a decade is a poor performance.

I agree that I'd expect the next crash to be less severe than this one. This one was already less severe than the previous ones (at least for Bitcoin, altcoins are a different story but they don't have much real worth yet anyways). This crash was only about 71%. The two previous prolonged crashes that took more than a year to return to ATH (2011 and late 2013) were like 90%+ and 80%+ ($32 to $2, ~$1150 to <$200). I think the next crash will only be 60-something percent. Though I guess it depends what Wall St does. Do institutional and retail investors on Wall St take their money out  or do they hold long term like people generally do with their stock market investments?

[DaMut]

Next bull run..how high?!

It also depends on how long until it starts, how the people finances will look like ...
We may have another short lived bubble up to 100k like ranges or we may have a slow and healthy growth which may not reach more than 25k.
If a new depression strikes we will be happy to stay at the current levels...

$100k ? i do not believe it.
just look at our current market right now, do you think people will do the same thing again after they got rekt a few months ago ? absolutely not, they might do the same thing again but they need a time to regain back their faith and greed. and if the trend changes, at best we will see it around $15.000 max and then consolidated.

also, the goverments won't allow it.
their citizen and investor will be in danger when the market hits that number, a lot of investor/people will lose their money.

[thecodebear]

Next bull run..how high?!

It also depends on how long until it starts, how the people finances will look like ...
We may have another short lived bubble up to 100k like ranges or we may have a slow and healthy growth which may not reach more than 25k.
If a new depression strikes we will be happy to stay at the current levels...

$100k ? i do not believe it.
just look at our current market right now, do you think people will do the same thing again after they got rekt a few months ago ? absolutely not, they might do the same thing again but they need a time to regain back their faith and greed. and if the trend changes, at best we will see it around $15.000 max and then consolidated.

also, the goverments won't allow it.
their citizen and investor will be in danger when the market hits that number, a lot of investor/people will lose their money.

I think the people who just bought Bitcoin in December won't be likely to buy in anytime soon, but how about everyone else who has Bitcoin and better understands Bitcoin's price cycles, and how about the far far larger amount of money from people and Wall St that will be itching to get into Bitcoin before the next bull run starts or after they see that it has started. The people who got recked by Bitcoin by buying in December only represent a tiny amount of the money that will flow into Bitcoin in the next couple years.

Governments are allowing it. Bitcoin is about to hit Wall St before the end of this year with BAKKT. Governments will absolutely not do anything to harm a new asset class that promises to gain more wealth for the wealthy.

I feel like you haven't been paying attention. $100k I think is a conservative bet for the next peak. I think Wall St alone could raise the price by $100k the next two years. $100k is my target for the next peak, but I think it could very well briefly get in the $150k - $200k range before crashing the way last year $10k was the big target and then it briefly shot up to $20k in the ensuing euphoria. Expect something like that to happen again when it hits $100k in 2020.

[fabiorem]

It will go to $100k.

However, I dont think it will start this year, and maybe not even the next. My guess is that we will reach the "bottom of despair" in December or January, and that will be the $4888 predicted some months ago (which would be a equivalent of the $188 from the 2013-2015 bear market). After that it will take the entire year of 2019 to reach the previous ATH, but it will not stop there, it will go straight to 100k by the end of 2021, when there will be a crash similar to 2017, following the four-year pattern.

You can notice that this forum is full of threads of hope, all aimed at the so-called "legitimacy" of bitcoin. The impression I have is that there is a general belief that Wall Street will make the price go up. This is a powder keg, and can bring the price to $4888. If you are not long, you are fucked.

The only guys who can make the price go up are the old whales. I dont expect anything good coming from Wall Street. These guys always hated bitcoin and I dont believe they want it to succeed as a new currency.

[thecodebear]

It will go to $100k.

However, I dont think it will start this year, and maybe not even the next. My guess is that we will reach the "bottom of despair" in December or January, and that will be the $4888 predicted some months ago (which would be a equivalent of the $188 from the 2013-2015 bear market). After that it will take the entire year of 2019 to reach the previous ATH, but it will not stop there, it will go straight to 100k by the end of 2021, when there will be a crash similar to 2017, following the four-year pattern.

You can notice that this forum is full of threads of hope, all aimed at the so-called "legitimacy" of bitcoin. The impression I have is that there is a general belief that Wall Street will make the price go up. This is a powder keg, and can bring the price to $4888. If you are not long, you are fucked.

The only guys who can make the price go up are the old whales. I dont expect anything good coming from Wall Street. These guys always hated bitcoin and I dont believe they want it to succeed as a new currency.

Wall St doesn't hate Bitcoin. They love anything they can make money from. BANKS hate Bitcoin because they are afraid of it, though even some of them have privately been mining or buying up some bitcoin. Sure most of Wall St could care less about if it becomes a global currency, but they will be all to happy to get much richer from the ride up.

The old whales....are nothing compared to Wall St whales. Seriously. The old whales aren't the ones who make the price go up, its the millions of people who buy bitcoin, its the masses. And in the future it will be the masses plus the new far bigger whales from Wall St. Maybe an old big whale would throw 100 million at Bitcoin and then they'd be spent. A Wall St institutional whale will throw a billion at bitcoin without batting an eye.

I think we have different definitions of the bull run. You're saying Bitcoin will go back to ATH by end of 2019, but bull run won't start until 2020 after that. That is a bull run. I agree I think late 2019 the ATH will be passed, everything from $6xxxx up to $20k is part of the bull run. So I think you agree it will be starting in 2019 you just defining the bull run as only starting when it passes the ATH.

I don't think the bull run will last 3 years, that seems too long. I think it'll be 2019 and 2020 and late 2020 the price will soar past $100k before plummeting back under $50k in 2021.

[darkangel11]

We can't predict the next bull run by watching the previous one because every time there are different catalysts. What that means is that the price is being driven by different things. In 2012 it was the rise of dark web marketplaces. In 2013 we had Mt.Gox and Chinese exchanges manipulating volume. In 2017 we had Korean and Japanese markets open, with the addition of futures. Every time there's something different and if what happens is big enough there can be no boundaries for BTC. On the other hand if we get a Tether fiasco and constant ETF denials, you can forget about another bull run for a while.

[gentlemand]

$100k ? i do not believe it.
just look at our current market right now, do you think people will do the same thing again after they got rekt a few months ago ?

100% yes.

People are mindless and stupid in general and memories are short. As soon as dollar signs cloud their eyes they'll do literally anything and will not respond to facts. $3 XRP demonstrates that let alone shit like Bitconnect. That's how bubbles happen and bubbles have happened since we've had greed which is rather a long time.

As for the question. Dunno. A bull run is different from a bubble. We could do with some moderate bullishness rather than another flat out frenzy for the credibility of the whole scene. Doubt that'll happen though.

[thecodebear]

We can't predict the next bull run by watching the previous one because every time there are different catalysts. What that means is that the price is being driven by different things. In 2012 it was the rise of dark web marketplaces. In 2013 we had Mt.Gox and Chinese exchanges manipulating volume. In 2017 we had Korean and Japanese markets open, with the addition of futures. Every time there's something different and if what happens is big enough there can be no boundaries for BTC. On the other hand if we get a Tether fiasco and constant ETF denials, you can forget about another bull run for a while.

ETF denails really don't matter. The 2017 bull craze started just after the first round of ETF denials. ETF acceptance is a bull run starter, but ETF denial is just normal market conditions at this point, it won't stop a bull market from occurring.

As you say there are major reasons for each bull run. In 2019 we'll have Wall St entering the game (even without an ETF) - BAKKT, Fidelity, Goldman Sachs, etc,  surely others already building services we don't know about. The 110 billion market cap is pocket change for them.