Bitcoin up to $20,000 before 2020?

[hahahafr]

Bitcoin reaching  $20k before 2020 is a long blurred shot even though i know how volatile bitcoin is. The market has crushed way hard to rise up that sharply. However, this is quite achievable after the upcoming halving of bitoin rewards. We have seen the price of bitcoin going higher especially after it's halvings. Let's wait patiently and see what happens by the end of 2020 and not before

[AliMan]

The chances are very very low as the recent market clearly seems to be a bear market, I am not saying we are in bear trend but still the situation looks complicated. I don't think there are possibilities to touch 20k by 2020, as a lot of challenges are moving across the crypto market as centralised coin/ new projects are focusing to dominate the market.

No, we still faced the bear market until now and in fact bitcoin price fall so fast recently. All coins go down while btc declined it's value, so it's very important to focus on holding our asset before $20k will be reached. I can't predict the actual price for 2020, but if that's the trend after long bearish market it's always potential is there to withstand.

[Vantix]

Bitcoin reaching  $20k before 2020 is a long blurred shot even though i know how volatile bitcoin is. The market has crushed way hard to rise up that sharply. However, this is quite achievable after the upcoming halving of bitoin rewards. We have seen the price of bitcoin going higher especially after it's halvings. Let's wait patiently and see what happens by the end of 2020 and not before

I wouldn't be so sure about this. $20k dollars is just $12k away especially when we look at broader perspective and previous historical performance. After all of previous crashes we saw a pretty significant price recovery and then after recovery phase there was many people literally throwing money at crypto exchanges

[barota]

20k won't happen.we will see a prolonged pullback until a latent bull trend starts . pump of today does not mean uptrend , Will have to wait till 2020 or 2021 before they entertain running it up and pulling again

[DarkIT]

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Hardly we have just two more months and now the trend is low compared to last month. Can see a possible move to $15k. But not sure if $20k is possible. Need to check besides the analysis.

Yeah as per the recent price of bitcoin is almost $8k so it is increasing but reaching above 20k will take alot of time we will have to wait for it longer. There are only 2 month left behind and maybe price will hardly cross 10k  or  15k dollar but actually no one knows maybe we get a pleasant surprise from market in form of such high price.

if calculated from today, I think we still have three more months, this is still the beginning of the month. but, until now the price of bitcoin has not shown the development of prices that are high enough, even under $ 10000. I might argue that the price of bitcoin cannot reach the price of $ 20,000. yeah, that's quite difficult.

but, it is possible that the price of bitcoin can be in the range of $ 10000- $ 15000. however, I also think that the price of bitcoin could reach $ 20,000 by the end of this year when it sees price developments in the last June-July 2019. however, the current price achievement is beyond my prediction.

[LbtalkL]

Maybe if libra will launch this will spread cryptocurrency awareness on everyone in the whole world, Also, china is tokenizing their national currency is big news for the crypto. But with the current progress, the libra launch got delayed by the regulations. But we have one good news bakkt is live now but the impact is not that much. Well, bitcoin prices are not based on news.

[Vaskiy]

When more such price predictions were taking place around the globe, state backed German Bank have come with the prediction of bitcoin reaching big of $90000 compared with the growth of Gold. This prediction is made upon the stock to flow ratio, which is calculated to be similar to the gold close to the days of May 2020. This means the days around halving, which gives the confirmation that growth will happen for sure.

[Meowth05]

I don't think it will happen before 2020, but I am sure it will happen at the end of 2020, after Halving Bitcoin happened. We have experienced 3 years before where a year after Halving Bitcoin happened, the price of Bitcoin will be to the moon. And I believe that can be repeated again at the end of 2020.

I hope so, but the fact that even if we did such profound analysis still there's a high possibility that it won't happen basically because the crypto market is unforeseeable. All I can sure about is that bitcoin will hit again the $20,000 but the date is vague. I had read a lot of speculation together with some analysis but unfortunately, most of them did not come off. It is not bad to have your speculation but don't just trust it since it is really vague to follow with.

[buwaytress]

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

That's a lot of perspective involved.

If I were a miner, and heh, I know I'm not, I'd be selling all the time, but especially stockpiling for massive price swings. I'm almost certain most big miners were wise enough to recognise the tops, and sold most if not all during then.

They're still sell at 1k or 2k, just as they were selling at 3k last year and this, just only enough to get by.

What miners do at sustained low prices is simply shut down.

[Darooghe]

Maybe up to $100,000. Since the supply is fixed, the number of coins on either side of market price is not going to change much over time. What will change is the number of independent people or entities who control the orders either side. This essentially means dispersion of coins. At some point in future, a person owning BTC100 could be a whale. But the impact of such a whale would become smaller and smaller as coins spread into more and more hands. That's how BTC will gain in price because even at more than a trillion market cap, spread out ownership would mean there aren't too many overextended folks who will start dumping to take profits and protecting their Networth. Price will still move but less, because single individuals won't have the power to make big market moving orders.

[Kersh768]

Just my two cents, I don't think Bitcoin would make it to $20,000 before this year end. Same thing happened last year wherein the market was dominated by continuous downfall, despite of the expectations, the market value still did not meet the expectations of the majority, which I think is nostalgic. This would only be possible if a miracle would happen or something would trigger the continuous pump but ofcourse, we should keep in mind that we are 3 months away before we enter 2020. Better not tempt yourselves and stick with holding still.

[WatchMaker]

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?

Don't forget the Bakkt launch hype and the Facebook Libra effect should be taken into account. Now people are dumping coins for profit after the Bakkt launch. I think the bitcoin price got pumped because of two things which are: the Bakkt launch and Facebook Libra ICO. The Bakkt is launched and Facebook Libra has no official date of the ICO/IEO  

[Fesatmas]

20k won't happen.we will see a prolonged pullback until a latent bull trend starts . pump of today does not mean uptrend , Will have to wait till 2020 or 2021 before they entertain running it up and pulling again

We need to survive 2 more years whether bitcoin will reach 20k in 2021? but I think 2020 bitcoin can reach 15k after the launch of Libra in 2020.

[Silberman]

I don't think it will happen before 2020, but I am sure it will happen at the end of 2020, after Halving Bitcoin happened. We have experienced 3 years before where a year after Halving Bitcoin happened, the price of Bitcoin will be to the moon. And I believe that can be repeated again at the end of 2020.

I am completely sure that the halving will have a positive effect in the price of bitcoin, but people forget that the halving itself is not enough to produce a bull market, we need positive news coming from the developers about bitcoin and important announcements about the growing adoption through the world, this is why I am doubtful that we will see a price of 20k in 2020, I know that we got close when bitcoin surpassed 13k but soon afterwards we got to 8k and there is still a strong chance of seeing a lower price than that.

[Arsenyo]

No, it's impossible. Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.

[Hippocrypto]

No, it's impossible. Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.

That price was too expensive if we're going to see it this year, because it hasn't fully recovered from falling. This October more traders expects rising trend for bitcoin, but it was just a slow movement that's going to bounce again to coup up several losses. There's no exact date for $20K to when it will be achieved, so far we're heading to that but it needs long term waits.

[The Sceptical Chymist]

• Price patterns favor a $20,000 bull-run by the end of the year

Yeah, that doesn't look like it's going to happen by the end of the year, although it is a good thing that bitcoin at least rebounded to $8500.  I'm happy with that.  Next year I'm hoping it does at least approach $20k and that buying picks up over the course of the year.

• There is a massive FOMO sentiment amongst crypto enthusiasts

There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

Of course bitcoin's price is very unpredictable because of its volatility, but it's already October and I don't see any reason for such increasing in prise. Not this year. And when will that happen is anybody’s guess.

Well, we're all guessing here--it's all we can do, since nobody I know has a functioning crystal ball.  lol.  But I agree that there isn't enough time left in the year, nor enough momentum for bitcoin to even get close to $20k.

[minersday]

Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year.  It is also very possible that the value might also drop to $5k.

[perla]

Considering the patterns of the market value of Bitcoin from the beginning of the year to now, it is very possible that we meant witness Bitcoin hitting $20k before or within the first quarter of 2020. My assumption is based on the instant increase in the value of Bitcoin within May,June and July this year.  It is also very possible that the value might also drop to $5k.

Halving can be something that really change price of bitcoin in 2020. But in otherside, like what you said 5k can be possibily happen if people's expectation not fulfilled because of halving. But bigger chance that bitcoin price will be increased.

[Sadlife]

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

what does the Indian Rupee collapse needed for this to happen?sounds very frank and unsubstantial mate .

if this prediction happens then i am closer to win the 4rth quarter prediction contest .but i am very positive that $20k is near to come but i don't see it this year

Bitcoin can't even climb to 15k usd and thats my basis on why we wont achieve this target soon.but in 2020?halving is near so why not?