Can Bitcoin Make it back to $20k ?

[Distraction]

In my opinion, Bitcoin won't be able to reach 20k dollars this year after this hard fall. I am waiting for SEC to decide whether accept or decline Bitcoin ETF. If we get good news from it, then Bitcoin can stand up faster.

[EdenHazard]

When the gold and oil goes back, there's a chance. I don't know the mere explanation regarding this but still hoping that bitcoin will increase this october. I thought bitcoin will go up when BAKKT is up but what's happening now?

I'm sure they are relating each other .. the fact that my associates ( 2 out of 4 ) who put more than $100k in bitcoin withdrawing themselves to grab some profit opportunity in stocks since few months ago , any chance most people around the world did the same thing? I guess so, bitcoin is indeed a free market that nobody knows what exactly causing all of these drops.

At least that's the nearest evidence that I've got .

$20k this year isn't impossible but realistically I'm afraid it won't happened.

[rdluffy]

The reason I do not believe in 20k again soon is the fact that people that bought in 2017 and lost money, won't buy again, they are probably afraid to put any money in BTC again

[Davidbike1]

When the gold and oil goes back, there's a chance. I don't know the mere explanation regarding this but still hoping that bitcoin will increase this october. I thought bitcoin will go up when BAKKT is up but what's happening now?

I don't know man I thought the crypto market would go up too like the way the BTC futures excitement played out in Dec 2017 and Jan 2018.  No excitement then the SEC delays a bitcoin ETF and then everything falls 10-25% .  I don't even care much anymore about the SEC approving a Bitcoin ETF for Vaneck solidX and BAKKT are allowing institutional investors now to invest, I am just tired of the market going down because of their delays or rejections when the prices especially altcoins are not high at all anymore .  Looks like the emotion of disappointment is fading and things are going up but we got a ways to go and 3 months after Fidelity Digital Assets launched and I think Amazon acceptance was when bitcoin went to 13400 from 3500 back in April to June 25th.  So I hope the prices for cryptocurrencies get better than this for there are most major altcoins like XRP 3.4 to 0.24, DASH 1,600 to 70 and ZEC that are trading next to their very lows. https://athcoinindex.com/

[Artemis3]

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

It is possible, but whats questionable is the time it would take. There is a chance that this price might be reached again at the halving bull run, if not, then maybe some years later.

Currently December means nothing, it is the halving the most significant Bitcoin event that matters, and that is expected to be in May. Historically there is a little fluctuation before the Chinese New Year, in theory they sell to get money to travel home etc, or so goes the tale. I doubt the Chinese whales need that.

Invest money you don't need, and then wait it out (aka. hold).

[gentlemand]

In my opinion, Bitcoin won't be able to reach 20k dollars this year after this hard fall. I am waiting for SEC to decide whether accept or decline Bitcoin ETF. If we get good news from it, then Bitcoin can stand up faster.

One thing no one should be factoring in is any type of ETF approval. It's just as far away as it's ever been. I expect their upcoming withdrawals and rejections to pass with little effect or note. For now it's a dead idea. A lot will have to change before the SEC starts to look favourably upon the thought.

[Ferris419]

No doubt Bitcoin price will be bounce-back very soon, but I don't think BTC price will be 16-20K USD by this year! Therefore we don't know what gonna happen in the next three months! The present crypto market seems unpredictable, we can see a bear run too!

[Ferris419]

In my opinion, Bitcoin won't be able to reach 20k dollars this year after this hard fall. I am waiting for SEC to decide whether accept or decline Bitcoin ETF. If we get good news from it, then Bitcoin can stand up faster.

One thing no one should be factoring in is any type of ETF approval. It's just as far away as it's ever been. I expect their upcoming withdrawals and rejections to pass with little effect or note. For now it's a dead idea. A lot will have to change before the SEC starts to look favourably upon the thought.

You are right. SEC won't accept Bitcoin in near future and I am sick of these SEC/ETF things. We should move on from these approval things. Bitcoin won't get the actual mass adaption very soon, it will take a long time, and we should be used to with it.

[zeingrind777]

October or November 2019 bitcoin will increase, I think that's possible.  But there must be a fundamental factor that affects it.  I think a big increase will occur after halving happens and that is right in 2020.

I don't think the price of Bitcoin will increase in October or November this year. I think the price of Bitcoin will continue to be under $ 10,000 until the end of this year.

I would put the odds of 20 grand in November somewhere around - 0.1%. You of course never know but I don't see where the will or inspiration will come from within such a short period of time.

The chances of it next November are higher but I'm looking to 2021 for some proper movement. Until then the price action isn't of huge interest to me.

we wait until 2021. and maybe a drastic increase will be there.

[Bitcoinwaist]

november 20, 2017 price of bitcoin was $8150. Price today is $8150. And it is no more stable now then it was then. So if you held through the bull and the bear you actually lost money lol. bitcoin is getting to be a tough sell. I think by this time next year or early 2021 we are over $20k and the only reason I think this is that it has to or it never will.

[funchiestz]

When the gold and oil goes back, there's a chance. I don't know the mere explanation regarding this but still hoping that bitcoin will increase this october. I thought bitcoin will go up when BAKKT is up but what's happening now?

I'm sure they are relating each other .. the fact that my associates ( 2 out of 4 ) who put more than $100k in bitcoin withdrawing themselves to grab some profit opportunity in stocks since few months ago , any chance most people around the world did the same thing? I guess so, bitcoin is indeed a free market that nobody knows what exactly causing all of these drops.

At least that's the nearest evidence that I've got .

$20k this year isn't impossible but realistically I'm afraid it won't happened.

This relation which you're mentioned, can you explain to us?
20k seems impossible. But when you talking about BTC's prices, don't be sure. It rose from 3200$ to 13500$ in just a month last time. I won't be shocked if it will reach 20k tomorrow morning.

[Dixbless]

It can if we will hold

[serjent05]

The reason I do not believe in 20k again soon is the fact that people that bought in 2017 and lost money, won't buy again, they are probably afraid to put any money in BTC again

But the thing is, they are not the only people who have interest on Bitcoin.  Adoption is increasing everyday.  Yes, someone left but they were replaced by these new people.  Aside from that, Bitcoin market is unpredictable, there is a big chance that Bitcoin may crash but there  also this remaining chance that Bitcoin will rally towards the predicted price.  As long as  there is time, there is always a possibility that Bitcoin will rally to $20k before Nov. no matter how slim the possibility is.  So we shouldn't make a last statement regarding the possible price of Bitcoin in the next month.  Even professional TA have this "if"  conditions before saying their predicted amount.

[tippytoes]

No doubt Bitcoin price will be bounce-back very soon, but I don't think BTC price will be 16-20K USD by this year! Therefore we don't know what gonna happen in the next three months! The present crypto market seems unpredictable, we can see a bear run too!

It is only a question of time when will we gonna hit that price again. In this market, there's always possibility of everything because of its price volatility. However, from my end, I don't think $20k level will be achieved this year. Mass adoption is increasing everyday as there are more big companies getting interested in blockchain technology, more crypto users are installing crypto wallet in their smartphones, more merchants and shops are integrating crypto as payment method and many others. So it is not a miracle that if one day, bitcoin price will go higher than its current value and hit again the $20k range.

[peter0425]

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

You know what’s the true reason why bitcoin price is dumping?its because of people like you that always looking for the price to grow up and not even letting the market dictates the value?

Why not just instead for seeking high price and stop acting as if bitcoins obligation to bring  you profit is  help the community become more mature?by posting helpful ideas and encouraging words and not just like this who’s sometimes brings negative to readers

[Dabs]

It depends on a large part by some well known bulls who do some price predictions. They have an audience. Or they themselves are buyers, or know someone, or they make bets on the price. So ... in order to win, they have to do some actual buys on exchanges which triggers other people to buy. Again, snowball effect.

It's going to go back to 20k, it's not a matter of if, but a matter of when. This year, maybe. Next year, more likely. The further along and the more probability simply because that's just how it works. The halvening in 2020 may already be priced in, but I'm kinda thinking people haven't acted yet on that and will do so next year.

[LbtalkL]

If you look back a little into the history or bitcoin there has been up and down through the years. Like down 80 - 90% and then reach ATH, down again and then reach new ATH. For sure it will surpass that last ATH on 2017 some experts says charts never lies. In addition some country is tokenizing their national currency great adoption is starting.

[Vaskiy]

Bitcoin at present isn't that bullish, it has just dropped its value. I see it a beginning for a bigger push forward. Anytime the whales could act and take back the price to the dropping point. As the price is strong above $8000 there is more chances for slow and steady increase over the falling months.

[Menawi12]

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

Bitcoin reached the price of $ 20k in November in my opinion is difficult because we have at the end of September and currently the price of bitcoin is in the range of $ 8100. I think we should be realistic that this year is already good enough for bitcoin because the price of bitcoin has increased after falling below $ 3,500

[micher143]

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

Bitcoin reached the price of $ 20k in November in my opinion is difficult because we have at the end of September and currently the price of bitcoin is in the range of $ 8100. I think we should be realistic that this year is already good enough for bitcoin because the price of bitcoin has increased after falling below $ 3,500

I think this year maybe, because as you can see in bitcoin price chart every year it set's its all time high, but last year was exemption. and I think this year, maybe this year it will hit the new all time high. Bitcoin mass adoption is starting so it is very possible to happen.