Can Bitcoin Make it back to $20k ?

[DarkIT]

Maybe it's possible to make it back for several years, but it's not taking easy when we expect it this year. It sounded frustrating to see but the reality is the naked proof. If adoption could increase again and fluctuating price will not worsen in which could pull down the price, hopefully that $20k will be achieved.

Well, even though there is quite a lot of good news, the price of bitcoin has been steadily decreasing. I began to doubt what was happening at the moment. however, the price of bitcoin is currently at $ 7800, but I still expect a high increase this year. although there is still a lot to consider before reaching the price of $ 20k, preparing bitcoin prices back to the price of $ 10k is a pretty good idea for now.

[1714602508]

1714602508

[1714602508]

1714602508

[iv4n]

Maybe it's possible to make it back for several years, but it's not taking easy when we expect it this year. It sounded frustrating to see but the reality is the naked proof. If adoption could increase again and fluctuating price will not worsen in which could pull down the price, hopefully that $20k will be achieved.

Well, even though there is quite a lot of good news, the price of bitcoin has been steadily decreasing. I began to doubt what was happening at the moment. however, the price of bitcoin is currently at $ 7800, but I still expect a high increase this year. although there is still a lot to consider before reaching the price of $ 20k, preparing bitcoin prices back to the price of $ 10k is a pretty good idea for now.

This drop is not over, recent news are that it's going to 6000 dollars, after that we can expect some uptrend. Judging by the market conditions it's very possible to happen like that. I think that 20k is coming after the halving, not rih9away after having of course, it will take some time but that price will come. Until then price will continue to fluctuate,  we can just hope that 6k will be the bottom and that range of fluctuations will be between that 6k and 10k.
I agree with you that even 10k sounds like a good idea in this moment, if we are lucky we will see that price before new years evening.

[DarkIT]

~

~

This drop is not over, recent news are that it's going to 6000 dollars, after that we can expect some uptrend. Judging by the market conditions it's very possible to happen like that. I think that 20k is coming after the halving, not rih9away after having of course, it will take some time but that price will come. Until then price will continue to fluctuate,  we can just hope that 6k will be the bottom and that range of fluctuations will be between that 6k and 10k.
I agree with you that even 10k sounds like a good idea in this moment, if we are lucky we will see that price before new years evening.

the point that I marked really can happen anytime. This is very confusing. when I held bitcoin and was sure that the price would rise to $ 20k by the end of this year, suddenly, the price began to drop from $ 10k to $ 7k in a short amount of time. in this case, I do not really know whether to panic, and return to ETH / FIat, or continue to hold my belief that prices will be very high at the end of this year. for now, I just hope the price can recover, and not decline to the price of $ 6k.

[Kyraishi]

I think everyone is hoping for a bit too much here - I doubt we'll ever see such a huge movement like the old bull run to 20,000.

BTC is pretty stable currently, and during the past year, it's been 20-30 percent around the 10,000 USD mark -and it's probably never going to leave that price range, too many investors now and people have gotten a lot smarter.

Although, could always be wrong - but I love the current market, let's altcoins thrive and BTC is pretty stable.

[MI6]

~

~

This drop is not over, recent news are that it's going to 6000 dollars, after that we can expect some uptrend. Judging by the market conditions it's very possible to happen like that. I think that 20k is coming after the halving, not rih9away after having of course, it will take some time but that price will come. Until then price will continue to fluctuate,  we can just hope that 6k will be the bottom and that range of fluctuations will be between that 6k and 10k.
I agree with you that even 10k sounds like a good idea in this moment, if we are lucky we will see that price before new years evening.

the point that I marked really can happen anytime. This is very confusing. when I held bitcoin and was sure that the price would rise to $ 20k by the end of this year, suddenly, the price began to drop from $ 10k to $ 7k in a short amount of time. in this case, I do not really know whether to panic, and return to ETH / FIat, or continue to hold my belief that prices will be very high at the end of this year. for now, I just hope the price can recover, and not decline to the price of $ 6k.

I think it is depends on people's mental to hold. If you are strong, no matter what price will come you must not panic. If you really sure about that $20k at end of this year, i think it is worth to believe in yourself. Don't be regret if you lose because of yourself, you still can learn what to be your mistake with it.

[J1mb0]

Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.

[Rufsilf]

Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.

We know it looks impossible due to its current situation, but we can't simply disclose any chance that (maybe) we could see another brighter side of crypto.
We can't think it now and mostly we are in negative thought, we can also be positive sometimes knowing the fact that bitcoin was still valuable.

As we notice that almost every year Bitcoin's price keeps moving high and it possibly we gonna see it back again at $20k or it much more.

[buwaytress]

We can't think it now and mostly we are in negative thought, we can also be positive sometimes knowing the fact that bitcoin was still valuable.

As we notice that almost every year Bitcoin's price keeps moving high and it possibly we gonna see it back again at $20k or it much more.

I think people just really need to stop being so wildly positive or negative. I mean, I get it, my heart flutters too when I check prices (so I don't so often these days) but we got to really wrap our heads first around this being a long-term thing.

For me, if Bitcoin gets to ATH soon, okay yay. I can cash out a little and enjoy some good times.

But if it doesn't, and I hope it doesn't, it lets me accumulate and work hard during the next few years -- good for me professionally.

[btc_angela]

Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.

We know it looks impossible due to its current situation, but we can't simply disclose any chance that (maybe) we could see another brighter side of crypto.
We can't think it now and mostly we are in negative thought, we can also be positive sometimes knowing the fact that bitcoin was still valuable.

As we notice that almost every year Bitcoin's price keeps moving high and it possibly we gonna see it back again at $20k or it much more.

For once we should really need to get and clear our minds for another all time high. Obviously, we don't know when it's going to happen. I'm sure majority of us didn't saw that $20k coming in 2017, after all we started that year less than $1k. Why not just work our asses off if we really wanted to make money here in crypto. Bite every opportunity we see and then adjust our investment strategy and just prepare for the worst. We also need to evolved as well as the price keeps on fluctuating and not have a fixation on a new all time high or even getting to $20k this year.

[Murat]

History says bitcoin always comes back strongly breaking ATH every time. But there is no way to predict when and what do you mean by ''they''? People who are saying that bitcoin will hit $16k on October lying as they're holding bags they want to sell and get rich quickly. 2017 Bitcoin moves were by panic buyers who want quick bucks. Though recently big institutional buyers came to the market. They are not crazy they will buy slowly. It's actually good for bitcoin. The market will be more stable in the future. If the price rise slowly that's good for everyone as we saw in the past. 2017 bitcoin price grow up so quickly and fall hard so quickly as well.

Don't take headache over price keep holding as more adoption will drive the price up. Bitcoin can surely cross ATH but there is too little chance to happen in this year.

[tenakha]

Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.

I can not give you an opinion what the price will be after a long time but the future halving will affect the price well. It is also likely to increase at the end of this year. Even we can expect it to be above $20k in the coming years. But there is no main reason behind any of these thoughts, just predictions. So instead of gambling, wait, take action when you find a thought and answer that makes sense.

[Lucius]

~snip~

I disagree with some of the things you say about reasons why Bitcoin is had an extremely successful year (2017) in terms of value, but also in raising awareness among people about its existence, advantages, and disadvantages. It is not true that 2017 starts with $3000, it was only $1000 at the beginning of the year, but it was only around $400 one year before that (2016).

The reason for this price increase was certainly not the FOMO created by the media, we can maybe say it was an effect of pre-halving&post-halving which lasted almost 2 years, until its culmination in December 2017. The correction that followed was quite normal, China ban of crypto exchanges come later, and they also ban ICO which greatly reduced the need for investment in Bitcoin.

I'd say it's pretty frivolous to forecast that the price of Bitcoin will double of today's $8000 to $16 000 in just 30 days, and that November can bring $20 000. This is not 2017, and this kind of speculation doesn't make much sense unless some billionaire plans to invest whatever he has in Bitocin - or SEC finally approves ETF.

[danherbias07]

It was way different than it was with 2017 and now.
Difficult to make some good comparison.

One reason. Altcoins.
2017 was not the time of altcoins but more of bitcoin.
Look at the market now?
Look at how much money is being spent buying other coins.
The money is now divided to different investments and bitcoin cannot escape that.
Somehow, others are selling their bitcoin in exchange for the new one thinking it has better feature.
Same thing is happening now with Bakkt.

[aysg76]

It was way different than it was with 2017 and now.
Difficult to make some good comparison.

One reason. Altcoins.
2017 was not the time of altcoins but more of bitcoin.
Look at the market now?
Look at how much money is being spent buying other coins.
The money is now divided to different investments and bitcoin cannot escape that.
Somehow, others are selling their bitcoin in exchange for the new one thinking it has better feature.
Same thing is happening now with Bakkt.

Yeah, as per the current market trend I don't think the year 2017 is going to repeat for now as 20k$ from here seems quite harder. And this trend is changed with the coming up of the new altcoins as the investment priorities of many the investors have changed but right now many of the alts have also lost their 99% value...

[michellee]

Maybe it's possible to make it back for several years, but it's not taking easy when we expect it this year. It sounded frustrating to see but the reality is the naked proof. If adoption could increase again and fluctuating price will not worsen in which could pull down the price, hopefully that $20k will be achieved.

Well, even though there is quite a lot of good news, the price of bitcoin has been steadily decreasing. I began to doubt what was happening at the moment. however, the price of bitcoin is currently at $ 7800, but I still expect a high increase this year. although there is still a lot to consider before reaching the price of $ 20k, preparing bitcoin prices back to the price of $ 10k is a pretty good idea for now.

I am happy to say that bitcoin price can increase up to $8119 according to Poloniex so I expect that in October, we might see the increasing of bitcoin price. If everything run well, we will see bitcoin price can be back to break more than $10k, which will still increase to the higher price. And maybe the price can reach $15k before the end of this year, so we need to calm down waiting for that moment and prepare to sell at the highest price.

[Heimer]

I think everyone is hoping for a bit too much here - I doubt we'll ever see such a huge movement like the old bull run to 20,000.

BTC is pretty stable currently, and during the past year, it's been 20-30 percent around the 10,000 USD mark -and it's probably never going to leave that price range, too many investors now and people have gotten a lot smarter.

Although, could always be wrong - but I love the current market, let's altcoins thrive and BTC is pretty stable.

Bitcoin will definitelly hit it's previous highs. $20k is extremly possible but it needs some time. If you zoom out BTC/USDT charts then you can clearly see that we're in similiar possition to previous BTC crashes which means that sooner or later we will see a new bullish trend

[Ailmand]

Reaching the price back to $20,000 is probable but it might take sometime. The prices are slowly recovering and I think this increase is healthier than havong the price pumped in a surge. We need more development and adoptation yo be able to increase the demand in cryptocurrency.

[Inkdatar]

Most probably yes because at this moment bitcoin is just starting hes popularity around the world. Im not saying that the 20k will achieve before the end or after of this year but i am realy sure that bitcoin will go back to that price again and even higher than that 20k price.

There is a possibility indeed that bitcoin price may reach 20k as the price lately is slowly recovering. The most answer to this is we do not know when bitcoin can make it back to that value. On my view, I think not this year probably the following year. Once more adoption and more demands the possibility is high to reach to 20k.

[beerlover]

Right now, there are two questions in this section that makes me laugh so much when I see them. Just recently this topic was created (okay maybe not that recently) that showed people are optimistic about bitcoin and considering a possibility of $20k in the year 2019 which is like only 3 months more. And now that the drop happened and we are all feeling bearish because of manipulators doing whatever they want with public, we are literally considering if $3k is possible so there is another topic asking for that.

So, now we have two topics getting messages, one is "will bitcoin be $20k this year" and the other is "will bitcoin be $3k this year". Isn't that kinda show you guys what bitcoin is? Like there is x7 difference between $3k and $20k yet people think both are quite possible.

[pinggoki]

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

Actually, we never knew when bitcoin will pump again just like it had before but I am pretty sure that it will happen, bitcoin will get it back like it was before or even more. All we can do is to wait and HODL if you are going for long term investment, grab all the opportunity ahead and be ready for next pump. Actually, it is vague if bitcoin will truly hit 16k this October but as for sure purchase now as long as the price is not high.