Can BTC still have any rally before 2020?

[btc78]

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

10k usd is more than enough for me comparing to what we had last year,I think what we need now is acceptance that whatever we want bitcoin must yet that’s far from impossible

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Even Nostradamus and David copperfield can’t assure you since it’s more speculation than reality ,you know what’s better?just follow the trend and invest smaller as the market shows not that positive for now

[1715198213]

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[trumpman]

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

Yes, of course it is possible. Welcome to the world of cryptocurrency, were wild rallies appear, sometimes with a legit reason behind and sometiems without a reason at all! Personally, I feel things will hover around 8k-10k for sometime more, maybe till mid 2020 but that's just a feeling! Time will tell!

[jseverson]

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

This is the "prediction" he was referring to:

The most intriguing question, of course, is what the future will bring. What is certain is that
Bitcoin’s stock-to-flow ratio will increase drastically in May 2020 - i.e. after the next halving
- from around 25.8 at the moment to almost 53. By contrast, gold’s stock-to-flow ratio
(currently in the vicinity of 58) will only be insignificantly (if at all) higher next May. If the
May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of
around USD 90,000 emerges. This would imply that the forthcoming halving effect has
hardly been priced into the current Bitcoin price of approximately USD 8,000 (the current
model value is roughly USD 7,500).

It revolves around Bitcoin's stock-to-flow ratio, and how it will have almost caught up with gold's after the 2020 halving (and how it will eclipse everything else at the subsequent one). It's not as much a prediction as just plugging in a variable in an equation which assumes all other factors will remain the same.

[YuginKadoya]

No proof to this prediction you have quoted.
Although, I believe we are going to see a new ATH after halving but as for $90,000 for next year, I'm not sure that will happen.

I have just shared what I have red on that article, everything is possible with Bitcoin and even though the $90,000 USD is not possible for 2020 the future is definitely a possibility for that price, And because of the Halving event I think the chance are surely double.

I think $90,000 is just too much for a prediction price next year because I still can't see the valid point even if the Bitcoin halving happens. We are all giving our own speculated price based on the market sentiment which is the only reliable thing to do.

Everything is possible for Bitcoin if we believe in it, And like I said I have read it in an article and just shared their opinion on the matter of the Halving and what is a possible movement for Bitcoin.

[danherbias07]

I dont have the back up factss but I am sure about the conservative prices.
Yes 7k may be deep but that could its last price down.
We are done with 6k and we went up that way inn a slow trend.
I dont think there will be any correction for it is a real fluctuation unlike 2017 to 2018.

12k might be the max though for the price didnt go there in an instant too. What happened was a crawl.

[Febo]

...l, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

That is not conservative position, but most realistic. Conservative would be to drop to $6000 or even lower.  If you mean to get close to $20000 with a rally, there is almost no chances for that. Similar chances as to drop below $6000. Price will stay where it is until the end of year. Happy sideways everyone!

[veleten]

We have been having a lot of debate on where the trend might be shifted to in terms of BTC price. The highest price this year almost reaches $14000, while the majority still believe that we might still get back to this price and even surpass that level, some still at the conservative position that BTC will hover between $7000 -$10000 maximum before the end of this year.

Is anybody here believe in any of these scenarios with valid points and if available an illustration that will establish the fact.

despite the recent price crash  ,I believe that bitcoin price will not drop below a 6.000$ mark this year
the price range of 7.000-10.000$ is the one I'd put my money on
2019 was an up and down year , mostly up - we saw the price drop as low as 3.200$ at some point, then we witnessed a 13.000$ high
while BAKKT was somewhat disappointing in terms of moving the market forward , there is potential to see a bulls run by the end of the year
current 8.200 price can lead to many different scenarios , while many analysts predict a further drop , I am sure many will depend on big players deciding to buy or sell coins
they are moving the market up and down , not the news , FOMO or panic

[badykvik]

There is no one that can determine the movement of the btc price this year because the price determinants have changed from technical to fundamental.
Btc price now react to news from major countries that are key players e.g US, China etc and some big corporations.

The price will relatively increase if there are favourable news from such big countries and companies.

[wheelz1200]

If there is one thing I have learned since I first read about crypto is that a rally is only a day away lol.  No seriously there is no timetable on "not enough time".  A rally could start tomorrow and we can be over 15-20k within a month or 2.  Have seen it before no reason to doubt it cant happen again.

[Upgrade00]

$12,000 is wishful thinking at this point with how moving averages are pointing down and will form a major burden to more short term price growth. Any move above $10,000 will change the market dynamics for the better, and I'm not sure how willing bears are to allow that to happen. They'll prevent that from happening well before bulls start to get excited about a trend reversal.

I personally viewed the drops in price as a major correction rather than a price dump. And I share the opinion that the direction of the market could change very quickly.
A $12k value before the new year may be improbable, and an optimistic approach. But most of the price rallies have caught me and also the 'bears' off guard.

[bitbunnny]

To my opinion that is not very likely. There is not much time left and we would need continuous, fast growth for which currently I don't see environment on.the market.
Last rally we had when Bitcoin price reached 13000$ was kind of surprise and it didn't last. Maybe there is the chance to come to 12000$ but that is max we might expect.

[wheelz1200]

To my opinion that is not very likely. There is not much time left and we would need continuous, fast growth for which currently I don't see environment on.the market.
Last rally we had when Bitcoin price reached 13000$ was kind of surprise and it didn't last. Maybe there is the chance to come to 12000$ but that is max we might expect.

Each rally comes fast and hard.  1k to 20k happened real quick and all throughout heard about corrections that would stop the rally.  Technical analysis really doesnt work well in crypto, best bet is to hold long and strong, rally's happen faster than people realize.  It's been that way from the beginning and dont see any change in site

[STT]

Yes it is just a correction and we are still positive on the year and noone should be especially glum about the BTC recovery this year.    I said the same when people moaned about 10,000 as its such an amazing price from a long term point of view.    

it's pretty obvious that there's a lot of FOMO that time and put the market in oversold position.

Momentum built, price doubles and it gets alot of attention and we got overbought there hence a correction now is good, expected, healthy and the right thing for an open competetive market to do.   Anyone long term should be happy the market adjusts both up and down, its like circulating blood flow and if we dont get a good route on both possibilities it damages the health of Bitcoin I think and obstructs distribution and in the end proper usage for the blockchain which is not about speculation and exchange orders.

  I feel like we got our head in the clouds right now, I dont have a clear perspective for direction but I think this price level is just fine for this year.   I've got no clear indication for strength so far which makes me think we achieve no higher high in 2019.

Technical analysis really doesnt work well in crypto

TA is about humans and natural phenomena, its just a range of possibilities reflected from a chart of historic prices.   We could be talking marbles or beanie babies and TA still could give some aid to how humans bid prices over time.

[vintages]

In cryptocurrency price could increase or decrease, this alone should be one of the compelling reason that a price of 14k is possible before this year runs out.
Though, a random high price rally which pumps the price to a very high price is not encouraging because of the health of the market.

[AliMan]

In cryptocurrency price could increase or decrease, this alone should be one of the compelling reason that a price of 14k is possible before this year runs out.
Though, a random high price rally which pumps the price to a very high price is not encouraging because of the health of the market.

It's a little bit confusing how that $14k price will become possible before 2019 will end. The market has not showing some possible trend, as it was stabilizing at current rate of $8k with a little fluctuations. Before 2020, it's very important to prepare all the assets you have rather than dumping it just for an easy profit.

[veleten]

In cryptocurrency price could increase or decrease, this alone should be one of the compelling reason that a price of 14k is possible before this year runs out.
Though, a random high price rally which pumps the price to a very high price is not encouraging because of the health of the market.

It's a little bit confusing how that $14k price will become possible before 2019 will end. The market has not showing some possible trend, as it was stabilizing at current rate of $8k with a little fluctuations. Before 2020, it's very important to prepare all the assets you have rather than dumping it just for an easy profit.

history has shown that there is no need for something extraordinary to happen for the price to go through the roof
at least there are no clear cause -effect connections and none can predict it reliably
I won't be shocked if it hits 14.000$ , it is highly unlikely though
be happy the price is not 3.000$ as it was earlier this year , we tend to forget things very quickly

[Taskford]

In cryptocurrency price could increase or decrease, this alone should be one of the compelling reason that a price of 14k is possible before this year runs out.
Though, a random high price rally which pumps the price to a very high price is not encouraging because of the health of the market.

It's a little bit confusing how that $14k price will become possible before 2019 will end. The market has not showing some possible trend, as it was stabilizing at current rate of $8k with a little fluctuations. Before 2020, it's very important to prepare all the assets you have rather than dumping it just for an easy profit.

Maybe we can't feel it for now but there's still 2 months to come and many things will happen on it and remember halving is coming so expect that green scenario on altcoins will come since many people will look on positive ways on that scenario. But I don't expect on that price since provably we can reach at near $10k - $12k at the end of this year and that would be a good sign to come if it will happen since it will be an early sign for us that we will have a great rally coming.

[davinchi]

2020 is just waaaaay too soon for that to happen. We should wait a bit more, I am guessing one more year would make a huge difference, think about what would happen until next October for example. We are going to go over all the SEC stuff, all the halving stuff, and a ton of time as well which is really making the biggest difference here.

By this time next year, the halving would be in full affect and the price would finally start to realize that after people sold all the excess ones. I think the stock to flow ratio will not be put into affect right at the first moments, however I think price would be affected a bit earlier as well. Like maybe a month before the halving or so. That is why I think we should definitely wait around longer than 2020, the year 2021 will be bitcoins year!

[Pab]

Looks like many people are frustrated with current price action.Look back to March.If March 2019 somebody will told you that at begin of October bitcoin price will be 8K then i think most of will agree that it will be great
And remember how frustrated people have been March 2019 and look how long time that accumulation period was
It was three months or 4 moths.For sure one day one moment bitcoin will move up very strongly and it will be very impulsive movement

[wheelz1200]

Looks like many people are frustrated with current price action.Look back to March.If March 2019 somebody will told you that at begin of October bitcoin price will be 8K then i think most of will agree that it will be great
And remember how frustrated people have been March 2019 and look how long time that accumulation period was
It was three months or 4 moths.For sure one day one moment bitcoin will move up very strongly and it will be very impulsive movement

I agree with you, once the price gets rocking again it's like the downhill snowball effect.  The major push is when the media starts talking about the price rises.  Then it seems that kicks off peoes fear of missing the next bitcoin run, that's the speculative part that doesnt need a rally to double in a short amount of time