Bitcoin up to $20,000 before 2020?

[Rose_btc]

My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio

In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.

I think it is more because of Halving rather then the list you have mentioned.

[buwaytress]

Bitcoin has all it takes to hit $20k before year-end. More and more persons have realized they have been lied to by the big banks and government, hence they will see bitcoin as a better investment option than traditional fixed deposit that would get wiped off by economic inflation, coupled with coming economic crises.

I don't disagree at all. But I rather think it's equally as probable and just as much backing to also reach a price in the opposite direction. Furthermore, it's already been at $3k this year and last, it's hardly a stretch to make it back there and then make new lows from there.

I'm hoping it won't happen (or if it does, just so that guys like me get our fill!) but hope has a funny way of being irrelevant in the game of price!

[Rose_btc]

My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio

In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.

I think it is more because of Halving rather then the list you have mentioned.

FOMO worked very well in 2017. There is no guarantee that this will happen again. But if it happens, as you said, FOMO will raise the price much higher.

Yes, I do agree with you. What I meant was, that currently the price is ~$10000 doubling it within end of the year that to with the factor of more people knowing it is not that logical.

Hope you got me right.

[Hamzaal24]

BTC is in a league of its own.We need to wait for latest market news. I think global crisis can be a key factor for BTC to reach this target of $20,000 before 2020.

[coin-investor]

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/


My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio
• Brexit is a mess and this only helps Bitcoin
• The trade war is a mess too and this only helps Bitcoin
• Price patterns favor a $20,000 bull-run by the end of the year
• There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Ok so we are three months to go before the end of the year and so far Bitcoin is still trading at $10k level just the other day it went down to $9900, we all wants and hoping that we get past the $10k level, we're having a bad months the price has been stuck here for quite some time.
What I'm saying is, if we are to go to the $20,000, next month will be a good indication, so let's see everybody's hoping

[samcrypto]

BTC is in a league of its own.We need to wait for latest market news. I think global crisis can be a key factor for BTC to reach this target of $20,000 before 2020.

A global crisis is not good for all of us even if bitcoin goes high after that, not all people know how to use bitcoin and if there’s a global crisis the price of the basic commodities will become more expensive. Bitcoin will rise in time and we don’t need any crisis for that to happen. I set my time until next year, for sure bitcoin will make a new ATH next year.

[coolcoinz]

That would not be my bet. It's possible though. We aren't in such a strong wave right now and Bitcoin looks like it needs some quiet time after going from 5k to almost 14k.
We might see a dump back to 6k before we enter another stronger bull run that will get us near 20k again. This is how I see it, but it's not how iht has to happen. It's still a good idea to invest this year.

[Bitcoin Seller]

I doubt it will hit $20,000. We might see a bull-run up to 15K, but doubling the price of BTC is too much I think

And I think that we can easily reach the level of $ 20,000. Since in 2020 there will be a bitcoin halving.

If everybody is expecting for a halving, it does not mean that this halving will affect the price of Bitcoin. The event is planned for spring 2020, and before, many other events can happen. We cannot make now these predictions about Bitcoin for 20 thousand or more. Evidently, it will reach this amount, but the time, when it can happen is unknown even to the best cryptocurrency experts.

[jossiel]

$20,000 by the end of this year? well we are half way there. Those key points you have OP are same opinion as everyone here who believe that the market is likely to rise due to those factors.

I'm optimistic about price predictions as long as it is realistic. We've been at the bottom from this year up by more than times 3 and went down a little to $10,000 as it looks stable there. So it might happen but it also can't.

[rdluffy]

FOMO has always there already and it is on its peak last 2017 when it pushed the price of Bitcoin to $20,000 and the chances of it to happen again is increasing. It happened months ago when Bitcoin went to $14,000. I know many got FOMO'ed at that time and some of them are in a loss right now .

Well, anything that is based on the charts is considered a speculation but the chances of it to happen can be increased thru charts. Bitcoin to go up to $20,000 can happen before 2020 but maybe not. I think it is a 60-40 chance that it will happen .

One of the reasons I believe it's to hard to hit 20k again is the fact that in the peak a lot of people sold their cars, houses, took credits to invest in BTC, this was insane and worked, but these people who bought at more than 15k probably took their losses, sold BTC and will never buy back again

[Cryptopher]

I'm almost certain that Bitcoin won't hit $20,000 before the year's end. In fact, it could be a while yet before we see those kind of numbers again.

[Oceat]

I'm almost certain that Bitcoin won't hit $20,000 before the year's end. In fact, it could be a while yet before we see those kind of numbers again.

I must have to agree with you since the market is not really in the mood to change course to what people are expecting. The stability of Bitcoin this month is very strong to the point that breaking any resistance is very hard to achieve. We will have to trust the market in 2020 because I have a feeling that it was the time that we Bitcoin enthusiast gonna see what we are waiting.

[samycoin]

We can"t close the possibility that bitcoin price will go higher in year 2020 because as of now we know that the price is volatile but always have possibility to increase. So maybe this time is our opportunity to buy but of course we need a little careful because we know how volatile in the market right now. And if you see some resources of news, they really stand by in the price of bitcoin because they believe that bitcoin price will hit the new highest price again.

[bitbunnny]

Such prediction is in the light of expectations that Bitcoin price will rise as the year goes to the end. Although there isn't any solid proof that end of the year brings price growth.
To my opinion Bitcoin will not reach 20000$ before 2020. This is a high jump and we would need a constant growth to achieve that but I don't think the market is ready.
I think that price will stay in current range, more or less, if tge price reaches 15000$ that will be a huge success.

[davinchi]

We can't possibly know what will happen before 2020 but we can take a look at previous years and previous highs and just assume what could potentially happen, looking back on what bitcoin has done so far in its history I think the realest option would be going down a bit right before Christmas and then suddenly go back to these prices and even a big higher. So, my assumption would be 8k or so at Christmas time, 12-13k at around january, and then 15-20k during 2020 summer.

Now, I am making this up because there is no way of looking at its history and predicting its future, what happened happened and the future is bleak so I am just guessing here and could be devastatingly wrong but that is why I think will happen based on what I have lived in bitcoin world so far.

[YuginKadoya]

Anything can happen with the volatility of bitcoin, But that volatile strength is not right with Bitcoin at the moment, I guess it is because of the upcoming holiday season and the changing years that the impending December is a total waste of money because of the holiday season, and in my opinion, is pretty much high enough for the price to go that far in my opinion and may need something positive for the price to reach that high, Or whale to trample with the price again. 

[MI6]

It is possible to happen, because people will start to accumulate and wait for higher price. Maybe it is better to make an target when to get out (take profit) because when price pumped a lot, it will only need time to get dumped again. Hype about 2020 halving also can be something that will really affect on bitcoin and altcoin prices. I will keep positive mind about bitcoin at least until halving.

[Reatim]

If it wants to get to 20k, BTC has to drop to 8k or so in this year. Note that the world's economic conditions are relatively weak right now. Once small recessions occur, BTC price cannot hold its price in 4 digits like now.

If you’re only looking for 4 digits to  accept that recession must happen then $9 is enough I think?and if that then we have already passed this price couple of times this quarter

$20k is no far to happen if may not this year atleast 2nd quarter of 2020 is the longer waiting frame for u to hit this dream as 2017 almost reached the said price

[danherbias07]

Resistance is still intact but I do believe it might go near that number.
Let us say 16k before the end of the year.
That will be good enough for me.

But as you said, one key is FOMO which will happen maybe mid November and expecting for another ATH.
Money will flow faster and bitcoin price will be fluctuating non stop.

[mace15]

For me it's possible of course, but i don't think that it will really happen. i personally think the chance that bitcoin hits 20k again this year is around 40% in my opinion.

Their is a possibility indeed once more demand continue to rise by year 2020 price of btc could reach higher. A lot of things can happen in bitcoin that may surprises users so I am excited if btc could surpass and reach bull run by that year.