Bitcoin Price Prediction – $24,000 BTC/USD before Christmas 2019

[BUK2016]

The prediction of Bitcoin value reaching $24,000 before December this year to is over estimated in my opinion, since Bitcoin is still battling on how to break $11,000 resistance for a long time now let alone reaching such amount in value come December.

[1715010156]

1715010156

[STT]

Its possible for it to go down when people have bills to pay, thats the cold hard reality of life.   People are rich while there is money spare but every economy has a cycle to it of expansion and contraction.   We can have a bearish autumn and that surely has some effect on Bitcoin even though its global and distributed not tied to FIAT exactly its still an asset in the range that forms the market.
  We dont have to think of Bitcoin negatively for that to happen, its as natural as the tides is how I see it and I dont take the sea going out as if I will never see it again but all the same price can come down from here.

[rdluffy]

Its possible for it to go down when people have bills to pay, thats the cold hard reality of life.   People are rich while there is money spare but every economy has a cycle to it of expansion and contraction.   We can have a bearish autumn and that surely has some effect on Bitcoin even though its global and distributed not tied to FIAT exactly its still an asset in the range that forms the market.
  We dont have to think of Bitcoin negatively for that to happen, its as natural as the tides is how I see it and I dont take the sea going out as if I will never see it again but all the same price can come down from here.

Yes, some people need the money and they will sell BTC for fiat, some will receive bonus the end of the year (at least in my coutry there is extra money), and you are correct about the cycles
We are stable right now and all of us want a bull run, ATH, 20k USD again, 1 million dollars BTC, but we are almost in a crisis, we should be prepared for the best and the worse to

[Argoo]

The prediction of Bitcoin value reaching $24,000 before December this year to is over estimated in my opinion, since Bitcoin is still battling on how to break $11,000 resistance for a long time now let alone reaching such amount in value come December.

Maybe yes, as the market still surviving to break from that value, if ever that it won't break that point this year, chance to move forward next year is also a good spark, we can't be sure but expectations still high from investors sides and with incoming halving there's always potentials to reach this amount and sooner it will be much  higher bringing another level to be touch.

This year, Bitcoin showed good growth from the beginning of April to the end of June, increasing in price by almost four times. In the fourth quarter, we expect another wave of growth. Of course, bitcoin is capable of rising to $ 24,000 at the end of the year. This is theoretical, because from a practical point of view, such an increase, and much more than its previous price record, seems impossible now. Most likely its growth by the end of the year in the range of 15,000 - 18,000 dollars.

[Free1bitco.in]

at the moment it's so difficult to predict price movements. it could be said that at this time it was calculated at the end of the year, and prices had not even recovered. even the predictions that exist, and information that is spread even always see the lack of bitcoin. as of today, I see the price of bitcoin failing to penetrate the price of $ 11k, and come back down a few hundred dollars in a few hours. You can read the article below.

https://cointelegraph.com/news/bitcoin-fails-to-break-11-000-again-drops-400-in-one-hour

However, I still strongly believe that prices have not fully recovered, although many say that the price of bitcoin will return below the $ 10k price, I still believe that the increase will occur at the end of this year. whether it will pass the price of $ 15k or even be able to reach the price of $ 24k, I think the price of bitcoin will start to rise in the coming October.

[Wilhelm]

There alot of people getting out at the moment.
Others are playing the volatility.
Once they are out and there is no volatility we will resume our track to the moon.

[davinchi]

The ones that are getting out right now are just going to usdt not to cash most of the time, I am not seeing any big movements in bitcoin going out of exchanges, you can check whale alert and it shows that there are not a lot of big moves going out of exchanges which means people who get out of bitcoin and the amount getting out of exchanges are not equal so I assume people just move to USDT for now. That means they are waiting for a better time to get into bitcoin, maybe they will get in after bitcoin goes under 9k because everyone has been expecting that for a long time now, maybe they are expecting a bull run to start without them so they can take advantage of it without the risks. Whatever the reason is, I still see this as an absolute win for us because people are still in the market.

[mogster1594]

with regard to the halvening, when i looked at actual price data vs. the dates of the halvening - it looks like price appreciation actually happens about ~1 year AFTER the halvening occurs.  We might not see gains until 2021.  Not sure if anyone is seeing something different.

[figmentofmyass]

with regard to the halvening, when i looked at actual price data vs. the dates of the halvening - it looks like price appreciation actually happens about ~1 year AFTER the halvening occurs.  We might not see gains until 2021.  Not sure if anyone is seeing something different.

halving years have still always been bull market years. 2012 and 2016 both saw huge gains even if the parabolic bubble didn't occur until the following year.

there's something else to consider---when market patterns become too obvious, they stop working. if everyone thinks they have 2 more years to accumulate bitcoins, don't be surprised if the bubble takes off much sooner. maybe this time, the bubble starts before the halving.

[Jating]

with regard to the halvening, when i looked at actual price data vs. the dates of the halvening - it looks like price appreciation actually happens about ~1 year AFTER the halvening occurs.  We might not see gains until 2021.  Not sure if anyone is seeing something different.

The price started to rise months after the block halving and then culminated in the 2017 bubble. So that's block halving year + 1. So it's possible that 2021 will be the bubble year who knows.

There are also people saying that the price could hit 6 digits figure when we hit the bubble, it's possible if we are going to look at the past historical price of bitcoin. However, we can't control the price, many are already inside the market and it will continue to grow and we don't know if past patterns will continue in 2020-2021 or it will have a sudden shift.

[LFC_Bitcoin]

with regard to the halvening, when i looked at actual price data vs. the dates of the halvening - it looks like price appreciation actually happens about ~1 year AFTER the halvening occurs.  We might not see gains until 2021.  Not sure if anyone is seeing something different.

The price started to rise months after the block halving and then culminated in the 2017 bubble. So that's block halving year + 1. So it's possible that 2021 will be the bubble year who knows.

There are also people saying that the price could hit 6 digits figure when we hit the bubble, it's possible if we are going to look at the past historical price of bitcoin. However, we can't control the price, many are already inside the market and it will continue to grow and we don't know if past patterns will continue in 2020-2021 or it will have a sudden shift.

There will be increased institutional investment this time. Huge players have seen the gains they can make with bitcoin & when the next parabolic rise starts they’ll panic & buy in. We’ll see increased mainstream adoption too, average joe’s will be desperately scrambling around to buy in.

I predict 6 figures around a year after the halving in mid 2020.

STRAP YOURSELVES IN GENTLEMEN, IT WILL BE THE RIDE OF A LIFETIME

[1Referee]

There are also people saying that the price could hit 6 digits figure when we hit the bubble, it's possible if we are going to look at the past historical price of bitcoin. However, we can't control the price, many are already inside the market and it will continue to grow and we don't know if past patterns will continue in 2020-2021 or it will have a sudden shift.

Six digits isn't really that much. We have hit $20,000 with just a fraction of the fiat onramps that we have today. Also don't forget that back then exchanges took weeks to process verification requests, temporarily halted the signup feature, weren't able to keep their platforms up and running without problems, and so forth.

Today we have an ecosystem that's upgraded to handle all that traffic. Seriously, some people act smart and say that they were sure the price would tank when reaching $20,000, but it could have gone to $30-$40,000 with some more momentum and properly functioning exchanges. It was an intense year in almost every aspect, nothing like the 2013 bull run.

[exstasie]

Also don't forget that back then exchanges took weeks to process verification requests, temporarily halted the signup feature, weren't able to keep their platforms up and running without problems, and so forth.

That will happen next time too, for sure. Coinbase having 100% uptime during a bubble? That's a pipe dream. These bottlenecks are unavoidable during exponential growth periods.

Seriously, some people act smart and say that they were sure the price would tank when reaching $20,000, but it could have gone to $30-$40,000 with some more momentum and properly functioning exchanges. It was an intense year in almost every aspect, nothing like the 2013 bull run.

Maybe, maybe not. Volume was (and always is) thin at the top so I have doubts that verification delays or laggy exchanges ultimately caused the bubble to pop. 2013 was really intense too. We had two runs (April and November) plus bigger percent gains overall.

[sana54210]

with regard to the halvening, when i looked at actual price data vs. the dates of the halvening - it looks like price appreciation actually happens about ~1 year AFTER the halvening occurs.  We might not see gains until 2021.  Not sure if anyone is seeing something different.

Not again, we are yet to recover from the hope of 2019 that is yet to be net, now you are even jumping from 2020 that many people had hoped for to 2021, but I am not sure that the effect of halving would take that long before it occurs.

Halving is so much anticipate for, and the reason why it could bring a very fast result is because many people have been waiting for the having, and because of that, they would start investing in bitcoin, with the hope of halving doing something, and as they increase the value, fomo may come to play and then spark in the heart of most people who would just be investing. So I expect the coincidence to result to being interpreted as the effect of halving .

[barota]

Honestly Prices will down under 7000 usd at latest this year 2019 Stock currencies are not just bullish
If it were like that, all people would have invested but not
You must stop excessive imagination

[Williams_Leo]

Honestly Prices will down under 7000 usd at latest this year 2019 Stock currencies are not just bullish
If it were like that, all people would have invested but not
You must stop excessive imagination

Well, I don't feel these are excessive fantasies when it was a logical fantasy because at first, the value of bitcoin this year is having a pretty good recovery, we can see that since the beginning of the recovery until now, bitcoin has not fallen to a very deep level, it can almost stand up immediately. A good trend is a good thing for jumping higher, in addition to this trend, we should understand that during big holidays, the price of bitcoin always has a strong increase, this year is probably no exception with such a favorable situation

[bitgolden]

The price changes after one year because miners actually start to feel the pain of having half of what they use to make. Right now they are making so much money that eventually they will start to run out of extra money they have and they will want extra money, in order to make that extra money they will stop selling for cheap and that will cause the price to go up.

Right now, they are making a ton of money and only cashing out a bit to pay for stuff, they are not cashing out all of their coins, which means they have a lot of money saved aside for days like these, they know eventually stuff like this will happen and difficulty will change and some big whales will stand whereas small time miners will lose a bunch which is why it is definitely not gonna go up right away.

[Kotone]

Honestly Prices will down under 7000 usd at latest this year 2019 Stock currencies are not just bullish
If it were like that, all people would have invested but not
You must stop excessive imagination

There is a chart reading analysis for that and if youre quite good with that, I dont see any event it will crash, the chart looks good and stable with its current level. Take note also, the opening of Bakkt this could bs a game changer if wall street peeps can amass bitcoin investors. 20k is a huge gap with its current price, but no one will know until that date will be the consequence or progress of market.

[redsun114]

Yeah I have been here long enough to know that whenever bitcoin is actually making big moves the exchanges with bottleneck and make some profits from it, they are literally using peoples money that is on their wallets to make more money with it and take others money, they are literally risking nothing because at worst they would be able to give the withdrawals their money but keep the deposits and try to make more profits to survive the losses for a while, unless you are some tiny small company you will always have enough money to cover it.

Those bottlenecks are the moments exchanges turn into ponzi schemes but since they also profit usually only few of them get caught. Let's hope that we will see a huge increase in binance period and they will take care of it better than coinbase.

[Fesatmas]

Honestly Prices will down under 7000 usd at latest this year 2019 Stock currencies are not just bullish
If it were like that, all people would have invested but not
You must stop excessive imagination

There is a chart reading analysis for that and if youre quite good with that, I dont see any event it will crash, the chart looks good and stable with its current level. Take note also, the opening of Bakkt this could bs a game changer if wall street peeps can amass bitcoin investors. 20k is a huge gap with its current price, but no one will know until that date will be the consequence or progress of market.

If that really happens then investors will invest their money in bitcoin but graphical analysis even though the situation is normal still cannot be benchmarked to the truth, we just wait until the end of the year what will happen.