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

[vintages]

The price of $24k 'before' December is more like being unrealistic.
The price may look too small and achievable but with the constant price fluctuations there will be alot of set backs.
We are not trying to compete with the year 2017 which hard a quick price pump. If we experience same thing like then, the market is likely to go into deep correction and price is likely to be lower than it did in 2018.
The highest we can see as this year closes is likely to be $15k.

[sana54210]

The price of $24k 'before' December is more like being unrealistic.
The price may look too small and achievable but with the constant price fluctuations there will be alot of set backs.
We are not trying to compete with the year 2017 which hard a quick price pump. If we experience same thing like then, the market is likely to go into deep correction and price is likely to be lower than it did in 2018.
The highest we can see as this year closes is likely to be $15k.

I think to really be on a realistic level, that $15k is actually what is more feasible, but I have learnt not to really much on prediction any longer because really has a system only it understand when it comes value increase. I have still not forgotten how the value of bitcoin sky rocketed from 4k before April to reaching about $13800 just within 4 months without any of us ever expecting it to be so.

I could also remember that we have had lots of prediction some few weeks back where people thought that bitcoin would have reached 8k by the end of August but we can see that there has been great performance beyond their expectation, so bitcoin is still likely to enter $24k before the end of the year, it all depends on that factor that is yet known, it could decide to arrive earlier to push the price forward or arrive next year.

[freedomgo]

The price of $24k 'before' December is more like being unrealistic.

For me it's realistic because based on the past bitcoin performance, it's possible.  Look at the picture below, that's a graph from Oct 1 2017 to December 31, 2017 and BTC price just started at $4,000+ and ended and has its high at $19,000+, that is 475% increase in just less than 3 months.

[Jating]

The price of $24k 'before' December is more like being unrealistic.

For me it's realistic because based on the past bitcoin performance, it's possible.  Look at the picture below, that's a graph from Oct 1 2017 to December 31, 2017 and BTC price just started at $4,000+ and ended and has its high at $19,000+, that is 475% increase in just less than 3 months.

[..snip..]

But we can't compare them because we haven't even get to the point of block halving. So I would say that we are around the 2016 mark here, lots of rally but it will still fall short of $20k. And that increase in 2017 was due to many factors, Japan entering the picture and catapulted by the CME and CBoE bitcoin future contracts in December.

We don't have that kind of news in 2019, so it is still a long way to go to be able to even touch $20k at the end of the year, in my opinion.

[1Referee]

We don't have that kind of news in 2019, so it is still a long way to go to be able to even touch $20k at the end of the year, in my opinion.

I rather see the price go up without news, which is what Bitcoin has always done in the past, than seeing the price go up in the runup to the CME market going live where investors and traders sell the news. You have nothing to sell on right now. The price can legit pump way higher than any price you consider realistic or super high already.

As always, people get hyped up when the price is going up non stop for months. We are all biased towards price appreciation because we hold so many of it. These selloffs help you wake up again and not underestimate the speculative side of the market that doesn't care about your holdings and the fundamentals.

I'm pretty sure that if we would have hit $9000 today as new yearly high, people would be celebrating and bring back their flashy memes. 

[Slow death]

In the last 3 weeks I have seen a lot of price forecasts, and it is good to be optimistic about the price, this motivates us to buy bitcoin. But we need to moderate on price forecasts. This is August, the price can not exceed $14000, no offense but it seems to me that the price is struggling hard to stay above $10,000 and do not see big news to immediate create a big increase in price. So consider $24,000 for this year, Is a dream that I doubt will come true. In my opinion the maximum that we will reach in this year is $17000

[beerlover]

I think in order for this to happen we would have to have a reason for bitcoin to go up. Right now, people are making a good enough amount of money from trading between certain levels and that is enough for them, others are happy that they are not making too much money but at least they are not losing too much neither, everybody goes home happy undamaged.

This is the reason it is really hard to change the price right now, it is doable with a certain amount of buy orders but right now that looks like a no deal since nobody is idiots enough to test out if that would work or not and nobody with that kind of money would be willing to lend it for such purposes. That is why we need a huge news that would change things up and shift money around so we can actually rally up that much.

[bedroid]

Well, Its a month later and actually down about $1,000. It's trying to break through 11K right now. If it does, I think a big move up could be coming soon.

[Jating]

Well, Its a month later and actually down about $1,000. It's trying to break through 11K right now. If it does, I think a big move up could be coming soon.

But what are your thoughts though? Are we going to break that mental barrier of $11k? Is so, what factors would you think that the ecosystem needed.

I mean we have a lot of positive news, like the Bakkt hype but still the price is just trading sideways in the last couple of days. To be able to break that resistance and still go up, we need some catalyst so that there will be more demand.

[rdluffy]

It's a good text, a nice subject to speak and we all have to be optmistic, but we have to face the reality here
We are in a good trend, everyday we are hearing about good news, but the price is not growing at the same pace, we are already in September, and we stuck at 10k, this is not bad at all, but it's time to think about this 10 to 12k at the end of the year

[pealr12]

Well, Its a month later and actually down about $1,000. It's trying to break through 11K right now. If it does, I think a big move up could be coming soon.

maybe the bull run that were all waiting for has finally arrive.  And $24k  by christmas might be a little low , bitcoin might reach $30k or even higher , cant wait  to see good happenings on bitcoin price starting nextweek.

[exstasie]

Well, Its a month later and actually down about $1,000. It's trying to break through 11K right now. If it does, I think a big move up could be coming soon.

But what are your thoughts though? Are we going to break that mental barrier of $11k?

It might take a few more weeks of chopping around and coiling inside the trading range first. Bears are still defending the weekly mode and descending down trend line, so it looks like there's still some supply to absorb at lower levels.

I'm confident $11K will be broken by early-mid October though. After that I think the June highs will be broken pretty quickly too.

[Pab]

Possible.However i think we will not pass ATH before halving
So we will stay below 20K
Maybe even better because Central Banks are watching and better is keep price until final parabolic moves.That what is happening is same trade war and currency war.USA will does everything to maintain dollar power over the world

[STT]

The answer is no on this subject, I'm going to formally and dramatically slam the book closed on this subject because the price itself tells me its weak and not capable.    If we get some ground breaking change then I'm wrong and I really dont mind but right now this kind of idea is pie in the sky pipe dreams not based on what the market is telling us.


All the way back in June we had a peak of 13k and we sold off, thats fair people take profits and we all expect that.   It fell to 4 digit lows and its been repeating ever since, today we stand at the lowest point in that measure and yet we dream as if it had somehow gained in momentum.   Its done nothing to negative since then, just a repeat like a bouncing ball coming to a stop.   It wont stop, it'll do something new sometime but so far nope.

[xvids]

I just think that the price would surely go up before this year ends.
But I am not hoping for too much like that but if it ever hits above $20K and set a new ATH let's just hope that this time it could maintain it's price up there and wouldn't go for another roller coaster ride.

[Oceat]

I just think that the price would surely go up before this year ends.
But I am not hoping for too much like that but if it ever hits above $20K and set a new ATH let's just hope that this time it could maintain it's price up there and wouldn't go for another roller coaster ride.

I wouldn't let my hopes high either since the price is quite unstable each week or two but i never remove the possibility that it will happen before Christmas. As long as we see the $15,000 resistance being break then that would be the start of hype and skyrocketing of Bitcoin price. Anyway, Bitcoin halving may change the price too but i wonder if it would be beyond or less from what we are about to witness before Christmas.

[Ridwan Fauzi]

I'm still follow the latest update from Bakkt who will launch their service at 23 September 2019 and I saw some transaction who have made by some people who sent a lot of bitcoin yesterday and the speculation who spread was they intend to send their bitcoin into bakkt. Which is mean bitcoin will have a high value if the bakkt service will be launched. I think $24.000 is really reasonable to reach if this service succesfully be launched and don't need to wait until christimas day to reach $24.000.

[Red-Apple]

we will surely see a decent rise before this year ends because it simply is impossible to have such a long sideways market for 6 months since it started months ago. and going down is simply impossible.
the only way to go is upwards. but the problem with this prediction here is that it is not considering the fact that $24k is above the previous ATH at $20k and as always breaking the previous ATH is going to be a lot more difficulty than any other previous resistances which means it will take a much longer time. my guess would be next year for this kind of bearkout not this year. and this year we will see prices between $16k and $19k.

[rdluffy]

we will surely see a decent rise before this year ends because it simply is impossible to have such a long sideways market for 6 months since it started months ago. and going down is simply impossible.
the only way to go is upwards. but the problem with this prediction here is that it is not considering the fact that $24k is above the previous ATH at $20k and as always breaking the previous ATH is going to be a lot more difficulty than any other previous resistances which means it will take a much longer time. my guess would be next year for this kind of bearkout not this year. and this year we will see prices between $16k and $19k.

I don't think it's impossible to go down, it's possible and we have to be prepared and have a plan B in this situation
But I agree with you about ATH, it's hard to beat the previous ATH and we are talking for a long time about this 20k USD mark

[virasog]

Excerpt from original gamblerock post:

Bitcoin price has been an yet another unbelievable tear in 2019, similar to the major bull market run it saw in 2017, rising from only ~$800 to start the year to an all time high of ~$19,600 in December 2017 before crashing in 2018 eventually reaching low of ~$3,150 in January 2019.

I’ve been betting on Bitcoin on both the long and short sides since 2017. There have been a lot of hard knock lessons learned along the way. Unfortunately, I was shorting it in 2017 (one year early) so what should have been an amazing year of BTC/USD price appreciation, I experienced liquidations for leveraged margin positions. What was even worse is that I was trading on Kraken at that time. They we’re constantly going offline every time there was heavy buying volume, making it impossible for their customers to buy and sell Bitcoin at premium valuations during heavy market volume and volatility.

I made a lot of spot on predictions in the price of Bitcoin during the first half of 2017. Then I thought it was overvalued and needed to return to test the $2,850 major resistance level of early 2017. It actually tested $2,950 once after it hit $5,000. It had a second retest of $3,000 and then it took off. I was so fixated on it going to retest the exact price of $2,850 that I overlooked the notion that buying demand could be too strong for it to reach that exact level. Then again in January 2019, Bitcoin once again retested $3,000. It found solid support and has been on a bull run ever since rising nearly 400% this year at current levels approaching $12,000.

Continue Reading the entire details of the prediction at GambleRock: Bitcoin Price Prediction - $24,000 BTC/USD before Christmas 2019

This is very much possible. To support your argument, you know that bitcoin prices are mostly increased at the end of the year. We had the bull run and all time high of bitcoin prices at the mid of December 2017. This means that we can again see all time high in December this year. Also halving is to be done next year 2020, by December 2019 we may have the hype of halving creeping in.