Can Bitcoin Make it back to $20k
In the crypto market I can only speculate and keep in mind that currently no one is speculating correctly on Bitcoin movements and there are no guarantees on Bitcoin movements including falling to the $20k level or rising to the $2 million level.
For this reason, theoretically because the crypto market is very volatile, it means that the price of Bitcoin reaching $20k could happen, but if you look at it fundamentally, dropping $20k is difficult and impossible. Considering the decreasing nature of the Bitcoin market cycle and its international adoption, on these grounds it can be said that the price of Bitcoin is likely to continue to move to its highest level.
If Bitcoin returns to $20k it is very difficult and again it requires a price drop of more than 80% from its last ATH and that is not something that bitcoin can do, where bitcoin always has a low price that continues to increase as each cycle goes on, so it is considered impossible, and if that theory is broken in any cycle then no one will believe that bitcoin will continue to grow its adoption in the future because its fluctuations continue to increase, just imagine if the lowest price of this cycle is $20k and the last cycle was $16k, that results in a difference of $4k and bitcoin is not that low in forming the growth of its holders.
This topic was created in 2019, at time when the market was in a bear market after Bitcoin peaked at nearly $20000 in late 2017. The OP's question was posed when Bitcoin was trading around $10,000, and what he wanted to ask was whether Bitcoin would rise back to $20,000, not fall.
Regarding whether Bitcoin could fall to $20,000 at this point. To be fair, that is entirely possible, but the probability is very low, unless another major black swan hits the market. Otherwise, that is unlikely to happen.
