Bitcoin up to $20,000 before 2020?

[bobsav2121]

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?

[1715544149]

1715544149

[luigivessota]

I think the main cause of a $20,000 bull run would be the collapse of the Indian rupee

[marketingnerd]

Boris Johnsons screwing up the british pound. That's why Bitcoin is going to hit $20,000

[btc78]

I think the main cause of a $20,000 bull run would be the collapse of the Indian rupee

What do you mean by “the collapse of Indian rupee “?anyway I’m not from India that shy I have no idea about what’s happening to their economy


About the thread?2017 is too far from what 2019. Did so the chance of hitting 20$k before  2020 is unbelievable and surely misleading maybe better say in 2020 may Halving

[bobsav2121]

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

[joelsamuya]

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Well, this can be because the overall sentiment of the market is not really that effected with those issues. I am sure what are the issues that can help prod Bitcoin back to the $20K level but we  are all hoping that soon developments in the global arena can be catalysts for a big bull run. I am positive that things are gonna be different in 2020 but for now there is only a very little hope that towards the end of 2019 there will be a major uptick for the King of Cryptos.

[timcook]

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

[Rajbir1994]

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Well, this can be because the overall sentiment of the market is not really that effected with those issues. I am sure what are the issues that can help prod Bitcoin back to the $20K level but we  are all hoping that soon developments in the global arena can be catalysts for a big bull run. I am positive that things are gonna be different in 2020 but for now there is only a very little hope that towards the end of 2019 there will be a major uptick for the King of Cryptos.

2019 is going to end and only 3 months left. According to the calculation there is not much time left. I am a little bit confused with a short period of time it will raise up to $20k?

[rdluffy]

I don't believe in such price for this end of year, I already did a thread asking to people if they are ok with 10k USD price

Maybe we have to accept that not every good news will influence the price as we want, maybe the price will be the same for some time

I'm ok with this price, I want 20k USD for sure, but it seems so hard to hit and the days are passing, we are already at mid september...

[BrewMaster]

all true, but also most of these points have been true all along. for example adoption has been increasing all this year like last year even though price wasn't to most people's likings.

as for $20k this year, i highly doubt it because reaching the previous ATH is always challenging due to the bigger than normal resistance that shapes up near that point. you can compare it with $1200 in 2017 which was the previous ATH of that time. it took a long time to get close to it and break it down.

[bitzizzix]

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

[Yatsan]

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

3 months for bitcoin to reach $20000 is not short, in fact that is a very long time. We have seen the price up and down for a quite long time. If you can still remember back 2017 it just took 4 months to reach its all time high price roughly $21000, and that's the time more people come over the cryptocurrency. Maybe 2018 is not bitcoin's year, maybe this year or also not but don't let this matter affect your interest, time will come that bitcoin will be more than what you think.

[Ayiranorea]

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

3 months for bitcoin to reach $20000 is not short, in fact that is a very long time. We have seen the price up and down for a quite long time. If you can still remember back 2017 it just took 4 months to reach its all time high price roughly $21000, and that's the time more people come over the cryptocurrency. Maybe 2018 is not bitcoin's year, maybe this year or also not but don't let this matter affect your interest, time will come that bitcoin will be more than what you think.

Agreed, the growth took place in less than four months time during the previous massive bull trend of 2017. Right now we're in the ninth month of the year. We've got three more months to end the year. Following week there is more chances for growth as the Bakkt launch is scheduled for 26th of this month. During 2017, the growth took place in terms of $1000+ regularly. This way if the growth gets ignited reaching $20000 could happen even within a month.

[seoincorporation]

We know the big bumps comes always on December, so, ig bitcoin has been around $10k almost all the year then the chance to see it at $20k isn't hard at all. I think we will see a price higher than those $20k so, let's keep holding because this rocket is going to hit the moon.

Another good signal for the bump is the number of involved people in the cryptocurrencies, while more people the bumps goes higher.

[kryptqnick]

It seems like a realistic prediction, IMO. Bitcoin made a huge step forward this year and the price doubled in months. So why would not it double again? However, I think that it would be more realistic if it was about 2020, not the time before 2020 (which is just 3 months, and the summer showed the price can stay the same for a while). As for the reasons, FOMO, unfortunately, is most likely one of them, whereas I am not so sure about Brexit affecting the situation. Another question is for how long Bitcoin will be able to maintain the price level of $20k.

[Upgrade00]

It seems like a realistic prediction, IMO.

I agree. Much more realistic than the $200k predictions in one year and those who try to predict the price in five or ten years time.
If this happens, it would be surpassing the current all time high, I was very optimistic of that happening a few months ago, but not so much now. It's very possible, but by my calculations, I do not think we would reach that mark this year.

[serjent05]

It seems like a realistic prediction, IMO.

I agree. Much more realistic than the $200k predictions in one year and those who try to predict the price in five or ten years time.
If this happens, it would be surpassing the current all time high, I was very optimistic of that happening a few months ago, but not so much now. It's very possible, but by my calculations, I do not think we would reach that mark this year.

True that $20k is more realistice but at this current market state and the months needed for it to meet that price, I think it is kinda hard.  But we all know that Bitcoin market is unpredictable, it can rally really high in a matter of a week if there is a good enough catalyst to start that rally.  And so far the only good candidate for that catalyst is Bakkt, which will be launching on Sept. 23. I think if Bitcoin price goes up to 15k on mid october, it is possible for Bitcoin to reach $20k before 2020.

[CardIntel]

I appreciate you sharing this analysis!

[nicecrypto]

If this is manage to be achieve by end of year it is there will be a serious bull run within the next 3 months to come and I hope our beloved alts won't be left out on this race as well, only btc dominating the whole market won't be fun, anyways,  let's hope the above analysis is a bit accurate enough to see that amount.

[beliomir]

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.