Bitcoin up to $20,000 before 2020?

[TheYankeesWin!]

why stop at 20K by years end?

why not 40k

[Ferris419]

It's impossible. Bitcoin dominance rate keeps growing, which is good for the Bitcoin holders, there was some great news about Bitcoin, Bakkt already launched Bitcoin and Bitcoin may have halving, so there was a hype about it. But 20K USD in the next three months? Absolutely no. We can see BTC at 15-25K USD in 2020, not before that!

[Wonder_woman]

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?

Yes lm one of the people expecting for the  price of bitcoin   will reach up to 20k this coming year. I do hope that it will grow fast soon. This is the only hope l l can earn more than l expect. Like the latest bitcoiners in 2017 some become  millionaires quickly created by bitcoin. So its my dream also to have a chance to be rich also.

[Herry Toms]

Well, No one really knows where it iwill go and when it will go, so it is early to say if it going to hit $20,000 not saying it can't hit.

[Leo]

Apparently we are in Q4, just 3 more months before the end of the year,  currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year,  perhaps by 2020 we might see bitcoin at $20k and beyond

[Artemis3]

• 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?

Diversify is always good, i guess that increases demand. Of course NOW that they see everybody else doing it, is too late for "great profits", so also expect some of those people getting disillusioned for not going rich "overnight" like some pioneers did and leaving halfway (losing) instead of waiting for long term.

Brexit is a mess for whom, British or Europeans? Which fiat has the most to lose, the GBP (£) or the EUR (€)?

"Trade War" to me is just Trump's tantrums as it only affects Americans. Not sure if that will somehow make them buy more bitcoin. The Chinese have very little to lose, and have been one with the most bitcoin enthusiasts worldwide, even with their government opposing this.

Pattern seems to be a healthy stay in 10k consolidation phase. If if goes up, it would be nice that it didn't go that much up, but slowly. If it does reach 20k i expect a correction afterwards, because it would have been too much, too quick (again).

FOMO is eternal, so any random "analyst" can always paste that at the end and look "good"... Most people have already missed out, it is too late.

[pixie85]

Apparently we are in Q4, just 3 more months before the end of the year,  currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year,  perhaps by 2020 we might see bitcoin at $20k and beyond

Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much

We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible.
I'd probably give it 50/50 chance.

[pragna]

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?

I think it can be more than $20k. As it hit $19k before so we can not hopeless to hit more than $20k in 2020. Day by day more people knowing about BTC and connecting also. so be sure that more good news coming in recent days and we all crypto lovers should do work behind it though maximum we come here to gain profit.

Thanks.

[Herbert2020]

Apparently we are in Q4, just 3 more months before the end of the year,  currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year,  perhaps by 2020 we might see bitcoin at $20k and beyond

Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much

We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible.
I'd probably give it 50/50 chance.

you are missing the large number of differences. first of all the ATH in 2013 was mainly a manipulation by one exchange that was controlling more than 85% of the trading volume of that time called Mt Gox. secondly price was already on the rise and ready for that shoot up. there were also a lot of other reasons such as release of ASICs,... that led to a bigger rise.

in 2017 price went from $8k to $20k in less than 2 months. again the difference is that price was already on the rise for nearly 3 years starting from $150 and that was the final stage of that cycle. compared to then, we are now in the first steps of just having come out of the under price low of $3100.

[carter34]

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

  maybe because US dollar is holding it strong. People still hold the dollar. Thus, a major dump can really bring bitcoin to a very volatile move.

[metallica101]

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?

Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.

[1982dre]

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?

Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.

Let's hope it breaks the $20K barrier quickly when it starts rising and don't keep just below that mark. I think $20K is also a psychological barrier. If that's breaks it can grow bigger

[pieppiep]

Although I doubt to see the price will hit $20k this year, it could be possible as what we saw in 2017. Who knows, bitcoin price can increase step by step from the lower price to the high price because we don't have any sign about when the bull run will come. All we can do is wait for more, and if the price can increase and hit that price, I am sure that we will make the biggest profit like before.

We still have much time to see bitcoin will increase to the highest price, and if we analyze the price for a long time, the tendency of the price is increase but we don't know when it happens. Maybe the only things that we can do are prepare for the coming, so we don't miss the chance to make a profit. One thing that we should remember, the bull run can happen any time.

[doomistake]

It is possible for that to happen since bitcoin's price is very unpredictable because of its volatility. We may not know when it is going to happen, but for sure history will repeat itself and bitcoin would make another All Time High price, for those who are holding their coins, expect that your patient on waiting for the right time to sell would be worth it. Others predicted that bitcoin's price would soar up even more than $20,000 as the year 2020 passed by, I don't know if that is true but there is only one way to find out.

I'm just working my ass right now so that I could save bitcoin and other altcoins as much as I can for the bull market, the more I save, the more I earn big profits.

[NJB18]

There is a big possibility that bitcoin reaches $20,000 this year. Maybe 40% chance. The Persian Gulf is another issue that could help investors resort into bitcoin where no government controls.

[Juliedarwin]

Hopefully..and for sure i am the one who really still believe that bitcoin will have a chance to increase the low value price of bitcoin now. Coz for now only prediction's are the one who's still running in the market. So hopefully bitcoin up's and hit the 20$k before a year end.

[pawanjain]

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

The collapse of INR won't make as huge difference as the collapse USD would. I usually don't do this but I just thought of doing it anyway.

[Baofeng]

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?

Brexit and US-China trade war has been brewing for years, but we haven't seen any positive news on the price of bitcoin. So I'm not buying that because we have looming financial crisis in the corner, it will equate to the price pushing to $20k levels at the end of the year.

FOMO is already inside, specially when we hit the $10k. If there's FOMO, then we need something very positive to come in the market, so far we only have the Bakkt news, less than a week from now but still we haven't seen the FOMO as others have been expecting.

[Leonardo7]

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.

[LogitechMouse]

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 .