We are finally going to $22k

[NeironixNV]

Searching across the web. A very interesting Chart has come to my notice. I don't know who has analyzed but it says a lot about the story of bitcoin so far in a very large time frame.




The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole. However, this analysis couldn't completely be neglected because we all know 0.5 retracements hold a pretty sacred place in every Technical Analysis. Maybe the waves don't count up it can be a correction downwards. But the whole trend line is still.

Disclaimer: This chart is shrinked a little bit to prove the point if you go to trading view you won't find a chart exactly like this one but the highs and lows are all correct. Better see a logarithmic chart for better similarity.

I support your idea, statistically, bitcoin always grows before halving and after. In addition to all this, in January it is expected to launch a cool financial instrument for bitcoin - an option. I think everyone remembers the growth during the launch of bitcoin futures, an option can attract even more interest from people from the classic market.

[1714847780]

1714847780

[1714847780]

1714847780

[1714847780]

1714847780

[1714847780]

1714847780

[1714847780]

1714847780

[South Park]

Bitcoin is in limelight because of the price increase it has displayed in the last few couple of weeks. There are numerous speculations regarding the prices of bitcoin in the coming year and all are very positive and amazing. I am highly convinced that bitcoin is not going to ditch us after such a long period of support and patience. All we need right now to make predictions true is to invest into bitcoin more.

I have seen those predictions as well and most of the investors behind them think that bitcoin will go up in value because we will get the halving during the next year but if you take a look at the previous halving you will see that the price did not began to grow significantly until the next year, so next year may not be as good as many think it will be, there is a chance that during 2020 the price does not move much and those are the perfect conditions for an altcoin season.

[Herry Toms]

Well, I think $22k is a piece of cake for the Bitcoin problem is people are too impatience they are not understanding the underlying dynamics of Bitcoin. How it is going to make things better at every individual level.
When our next generation will understand the benefits of Bitcoin Pirce will be at it's best.

[South Park]

The amount of profits that a holder will make with the help of his bitcoin highly depends on the number of bitcoin he holds. Though even one bitcoin is enough to make a person far rich than his imaginations, but there is nothing wrong with getting as much benefits as possible. The longer someone holds, the bigger will be the reward. Bitcoin is going to touch 22k within next few months.

If bitcoin becomes the main currency of the world and it is used for most transactions then it will be worth a few millions under the current standards so a single bitcoin can be more than enough to change the life of a person, but why wait that long? Get all the bitcoin you can in the process that way even if bitcoin is not adopted to those levels during our lives we can still get huge benefits out of it, I do not really believe we will reach 22 this year but the possibilities are higher for 2020 and 2021.

[Vertex_ICO]

Searching across the web. A very interesting Chart has come to my notice. I don't know who has analyzed but it says a lot about the story of bitcoin so far in a very large time frame.




The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole. However, this analysis couldn't completely be neglected because we all know 0.5 retracements hold a pretty sacred place in every Technical Analysis. Maybe the waves don't count up it can be a correction downwards. But the whole trend line is still.

Disclaimer: This chart is shrinked a little bit to prove the point if you go to trading view you won't find a chart exactly like this one but the highs and lows are all correct. Better see a logarithmic chart for better similarity.

I think it's a super interesting chart - and historically halvings have heralded bull runs about a year following the event. Thanks for posting!

[Jating]

Well, I think $22k is a piece of cake for the Bitcoin problem is people are too impatience they are not understanding the underlying dynamics of Bitcoin. How it is going to make things better at every individual level.
When our next generation will understand the benefits of Bitcoin Pirce will be at it's best.

We almost reached $20k at the height of bitcoin in 2017. So for sure, $22k is doable in the future, all we need is more people joining the crypto sphere either as investors or just used it as store of value and we are off in the future.

And what could be the trigger here, it could be very reasons, but I think investors are putting their faith on the next block halving in May, we might see like $12k-$15k prior to the halving, and next it will go to $20k at the end of the year again. It will be very exciting again this year for all of us, so simply have the patience.

[wozzek23]

We almost reached $20k at the height of bitcoin in 2017. So for sure, $22k is doable in the future, all we need is more people joining the crypto sphere either as investors or just used it as store of value and we are off in the future.

And what could be the trigger here, it could be very reasons, but I think investors are putting their faith on the next block halving in May, we might see like $12k-$15k prior to the halving, and next it will go to $20k at the end of the year again. It will be very exciting again this year for all of us, so simply have the patience.

Not because of $20 was achieved, hence we may assume $22k will be possible. I mean to say we need to consider the circulating supply of bitcoin then and in future for the same price levels of $20k and then $22k levels. Circulating supply must be a biggest factor in deciding marketcap of an asset and people are predicting price levels of an asset by marketcap too.

I am not saying $22k will not be possible. It is highly possible. If $22k will appear by 2021 then we can easily say bitcoin market will reach $40k or even $50k also on one rally. But, it $22k will be happening around the times of halving then possible pull back may happen as whales are known for dumping when people are highly anticipating big bumps to happen.

[fib123]

This is very positive sign of BTC growing organically instead of artificial pump. I am also looking this time we can see bitcoin will mark history by making new all time high price. But this is also mater how bitcoin will react when this halving done or near to done. But most important is its relief for community and it was a long awaited moment.

[posi]

We almost reached $20k at the height of bitcoin in 2017. So for sure, $22k is doable in the future, all we need is more people joining the crypto sphere either as investors or just used it as store of value and we are off in the future.

And what could be the trigger here, it could be very reasons, but I think investors are putting their faith on the next block halving in May, we might see like $12k-$15k prior to the halving, and next it will go to $20k at the end of the year again. It will be very exciting again this year for all of us, so simply have the patience.

Not because of $20 was achieved, hence we may assume $22k will be possible. I mean to say we need to consider the circulating supply of bitcoin then and in future for the same price levels of $20k and then $22k levels. Circulating supply must be a biggest factor in deciding marketcap of an asset and people are predicting price levels of an asset by marketcap too.

I am not saying $22k will not be possible. It is highly possible. If $22k will appear by 2021 then we can easily say bitcoin market will reach $40k or even $50k also on one rally.

Like you said the level of circulating supply to be use to predict the price of the market not by an asset market cap and if you actually study the price of the previous bitcoin halving you'll understand that it wont be 2021 before bitcoin clinch the $22K price range not even when some governments have legalized bitcoin.

But, it $22k will be happening around the times of halving then possible pull back may happen as whales are known for dumping when people are highly anticipating big bumps to happen.

Only an inexperienced traders or investors will expect the bullrun market to be totally bullish without the presence of dump to strengthen the market price.

[bitbunnny]

Well, I think $22k is a piece of cake for the Bitcoin problem is people are too impatience they are not understanding the underlying dynamics of Bitcoin. How it is going to make things better at every individual level.
When our next generation will understand the benefits of Bitcoin Pirce will be at it's best.

We almost reached $20k at the height of bitcoin in 2017. So for sure, $22k is doable in the future, all we need is more people joining the crypto sphere either as investors or just used it as store of value and we are off in the future.

And what could be the trigger here, it could be very reasons, but I think investors are putting their faith on the next block halving in May, we might see like $12k-$15k prior to the halving, and next it will go to $20k at the end of the year again. It will be very exciting again this year for all of us, so simply have the patience.

Your formula seems so easy and simple but for significant price rise isn't just enough that more people join and start to use crypto. Market is much more complex than that.
I also believe that 22000$ is possible but I don't know where the conclusion that this is happening right now is coming from.
Currently we are below 10000$ again and further corrections are possible. I can't figure out why with every little price rise people think that Bitcoin will reach 20000$ or more. That is quite unreasonable.

[LUCKMCFLY]

Well, I think $22k is a piece of cake for the Bitcoin problem is people are too impatience they are not understanding the underlying dynamics of Bitcoin. How it is going to make things better at every individual level.
When our next generation will understand the benefits of Bitcoin Pirce will be at it's best.

We almost reached $20k at the height of bitcoin in 2017. So for sure, $22k is doable in the future, all we need is more people joining the crypto sphere either as investors or just used it as store of value and we are off in the future.

And what could be the trigger here, it could be very reasons, but I think investors are putting their faith on the next block halving in May, we might see like $12k-$15k prior to the halving, and next it will go to $20k at the end of the year again. It will be very exciting again this year for all of us, so simply have the patience.

Your formula seems so easy and simple but for significant price rise isn't just enough that more people join and start to use crypto. Market is much more complex than that.
I also believe that 22000$ is possible but I don't know where the conclusion that this is happening right now is coming from.
Currently we are below 10000$ again and further corrections are possible. I can't figure out why with every little price rise people think that Bitcoin will reach 20000$ or more. That is quite unreasonable.

That it comes at that price is possible, but I don't think it will happen, maybe by the time I get back to $ 20k it keeps going up without knowing where it can stop. But at the moment due to the impact of all world events, such as countries with high inflation, the coronavirus epidemic, the approach of Bitcoin halving, all this can help raise the price, but maybe it goes up and down quickly, because the offer that is produced is very large, if we go to the millionaire wallets they are in the same percentage since 2018.

In crypto everything is possible, but based on the events, there is still time for it to be set at a very high price and so that it does not fall immediately. What is a fact that if it will reach $ 22k, but even at this time, I think the conditions are not yet given.