20K by March, A positive Look at the market.

[syamster]

Great looking on the chart there mate. At least I'll be able to take a bit of relax for a while. I am not saying that I will be going to believe all the way through but I atleast have my hope for an incoming better market. Although bitcoin wasn't all about this chart, specs and prediction but the thing is that we have at least the foundation of hope. Thank you for this by the way.

yeah we have to hope for the best in any field of life, and here about bitcoin we should not lose our hope as the bitcoin in coming months will bring good news, and the predictions and charts are not always baseless but there are definitely some clues from which we can decide that what will happen to the market next, so you could be relax for some time because good news are coming soon.

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[bhabygrim]

I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?

[wajik-tempe]

I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?

This year chart looks similiar with 2016 chart which bitcoin exprienced downtrend and many investors move out, year before bitcoin pumped hard and reach it's all time high.
So will the history repeat ? last year we experienced a big dropped and this year it's recovring time, and maybe next year is a time for new ATH ? Let's see.
But the only thing that i can make sure is bitcoin has already reached it's deep this year and it won't go lower anymore

[AliMan]

I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?

Everyone always look for positive results as bitcoin price tried to cover up those possible bearish trend that's making the price harder to grow. That's true, once price spiked higher it possibly goes down before recovery period is over. Eventually we will see same pattern of the price fluctuations, that's why our analysis only differs with few percentage.

[aysg76]

I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.

[Getmon]

I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.

$10,000 by the end of the year is again too late. In fact, Bitcoin has already breached the $10,000 resistance within the month of October. The second or third time it tries to break that, Bitcoin might already be successful and will shoot to more than $12,000. It might all happen within the first 15 days of November. $20,000 by next year is within reach. Maybe not in the first quarter but in the first half most probably.

[mikeywith]

Here is an update of the current situation.





The current monthly candle does not reflect the actual price, i have altered it to show the possible price range for the remaining two weeks, based on the initial analysis , after having finished this step

5-A retest of the 0.5 level (9900$)  > unknown but must happen this month  Done

The following month was nothing but a slow side-ways market, where price ranged mostly within the body of the previous monthly candle, which in the current market is the area between 9200$ and 8260$ , this is where i expect the price to keep fluctuating around for the rest of this month,although it's not very unlikely that we don't range between the whole previous candle range from 7300$ to 10300$ but that is the least possible scenario, as i don't think we will go out of the body-range for this month.


for the following month of December , we could very likely close above 0.5 feb at around 10,100$ and actually do test 12200$ where the 0.382 fibo is at.

[samcrypto]

I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.

$10,000 by the end of the year is again too late. In fact, Bitcoin has already breached the $10,000 resistance within the month of October. The second or third time it tries to break that, Bitcoin might already be successful and will shoot to more than $12,000. It might all happen within the first 15 days of November. $20,000 by next year is within reach. Maybe not in the first quarter but in the first half most probably.

Two more days before the 15th of November and yet the price is still below $10k, we are failed to break the resistance and for me we can’t see the $12k price this month. Bitcoin is a giant coin overall and if there’s a pump it can easily break any resistance so my prediction would be at the last week of December bitcoin will break the $10k and go up to $15k.

[hotpassion]

Bitcoin is on its way to reach its new ATH this year, but 20k by March is almost impossible. A slow movement is better than quick rise that lead to quick dump. I'd love to see the BTC price move slowly toward 18k-20k by this year end like we have seen a similar wave in 2016, then a big pump will begin in 2021.

[Desscount]

Anything is possible. The chart looks absolutely bullish and we can expect 20K USD within March. But sometimes the chart says wrong or we get the wrong prediction. That's why personally I think 20K won't happen before the bitcoin halving. After halving it will possible.

we don't know yet whether Bitcoin will go to $ 20,000 or maybe Bitcoin Dump after this, my strong daily support is at $ 8400, I hope Bitcoin doesn't break through support, and always keep this bullish trend

[Baoo]

In my opinion, the king Bitcoin will probably touch $ 12K at this end of this month, and maybe the opposite will happen, it may become under $10K or $9k, we should expect everything but we need to be optimistic even in the worst moments or situations. In fact, Bitcoin 
 is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event.  Fortunately, the china crisis has a postive impact on the market especially during this period.

[criza]

Explaining how were we suppose to test the 20SMA weekly , well sadly the prediction of that movement was terrible, it went way too far than what I initially thought it would go, this goes out to show that nothing is 100% accurate, but as mentioned before, happens more often than not!.

We really couldn't expect and predict the exact event that might happen in the future, even if you analyze the chart, it would still be enough because, it is limited by other factors. All we could do is taking choices carefully and hope that it would be correct.

For me, a $20,000 Bitcoin value in march would be mostly not possible but, I would not leave out any chance for it to reached that price. Bitcoin is still facing resistance in its price in the present in the $10,100 range, and $20,000 value is still far. I think it would only reach $11,000 this month or if possible $11,000 and a half.

[redsun114]

In my opinion, the king Bitcoin will probably touch $ 12K at this end of this month, and maybe the opposite will happen, it may become under $10K or $9k, we should expect everything but we need to be optimistic even in the worst moments or situations. In fact, Bitcoin 
 is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event.  Fortunately, the china crisis has a postive impact on the market especially during this period.

Perhaps the China outbreak is causing a delay in the price pump. By this time, price for bitcoins should have been above $10300 but it is a bit far from that point which keeps me making my own technical analysis about the future price. I can predict for short term but it gets a bit challenging for me to assume a approx price speaking in terms of long term.

I am much afraid about the price getting dumped instantly and that is what keeps me close to short term markets only where I can easily sell my coins and buy back again even in the bearish trend. OP has stated a nice TA which might make understanding long term markets a bit easier but yet I feel like bitcoins would retest at a dip which would never be touched again and bitcoins would than start the journey towards moon.

[tbterryboy]

I have to say you really made a deep analysis about the past 2 bull runs. This would make it much better for us to understand more about the coming bull runs. Some of the price changes are similar as to what we experienced in the last bull runs which occurred in the mid 2017.

Even this year some of the characteristics might be similar to the old ones that time. Your analysis makes it a bit easier to understand the price movement for next few months. Maybe we could experience some pumps and dumps in the next few months as the price would keep on moving in a triangular form from the peak to the dip which would open doors for short term investments as well.