Bitcoin Price Prediction 2020 – What to Expect?

[Getmon]

Quick fact: Did you know that Bitcoin increased its price by more than 2000% in 2017!?

Actually your fact is wrong. Bitcoin price in 2017 increased by 1336%.  But 2017 dont really matter when we talk about 2020. 2016 matters. And in 2016 price of Bitcoin increased 124%. So expect for 2020 about that much of increase.

It seems that such an increase will not be repeated in 2020, and 2017 is the biggest increase when bitcoin first reached around 1,336%.
but if the increase in bitcoin reaches 100% it will most likely occur in 2020, and that is only a prediction that is not necessarily true and but an increase in bitcoin is everyone's hope.

A 100% increase would most likely occur in 2020? That is too late. That is a negative outlook, mate. A 100% increase will only make Bitcoin's price $18,600. Do you think it will take Bitcoin to cross another year before it gets to $18,600? I don't think so. Bitcoin might not be able to break its ATH within 2019 but I guess it will try. And that means it will cross $18,600 within the year.

Yes, I understand and because of that I only predict my opinion even though many people predict it in fantastic numbers by 2020, but that is an initial prediaction towards a fantastic price and is only slightly different from the predictions discussed so far and is estimated at around $ 20,000 and around 120 % increase in bitcoin in 2020, and only differ by 20%.

Thank you friend, for correcting my opinion.  

Nope, I am not correcting your opinion. Your opinion is, after all, as good as mine. We are all speculators in this space. It so happened that while I respect your prediction, I don't think it corresponds to my own. Well, we will see in the coming months. 

Or perhaps I should reduce mine as well. I might as well copy Binance's Changpeng Zhao in his Bitcoin prediction. I would have Bitcoin at $16,000 within the year. That makes the rest of the increase happening in 2020. 

[alexsandria]

It is in the nature of Bitcoin to be unpredictable. Furthermore, their claims aren't strong nor close to being real because it stand no precise evidences. It just made more realistic because the person who claims has been known to a certain degree not everybody could achieved. Besides, I am not totally opposing but let us face the fact that these claims are mere predictions or guts.

[SummerBliss]

See we can only speculate about prices from recent trends or historical data but this is highly volatile market where nothing is certain and we cant say whether we can hit $20k by 2020 or not.Huge influencers also predict based on certain results but they are also not sure about its growth.So we need to stay calm and just wait for the right time to prices to hit our satisfactory level and it can be $20000 or $30000 next year or so further.

[BitHodler]

Bitcoin might not be able to break its ATH within 2019 but I guess it will try. And that means it will cross $18,600 within the year.

I think that people need to figure out what made the price sky rocket to $20k back in 2017.... it was the hype around ICOs that people bought into and needed Bitcoin for to buy into the initial distribution stage.

We currently don't have that demand steering up the price, just the chart technicals that improved a lot this year.... if it wasn't for the block halving hyping up people, there wouldn't be anything fundamental to focus on at all.

People should be happy if we end the year around the $10k mark because things could have looked far uglier if we didn't have that massive run from $3k to $14k this year....

[barabarian1]

Yes, I agree with your opinion that in the future bitcoin can not only be used as a store of value I think there are still many benefits from other bitcoins. I also agree if you say the factors that influence the price of coins include technological advances, regulations, future partnerships and competition. I'm sure the price of bitcoin in 2020 will definitely be better than this year and for my prediction maybe the price of bitcoin will recover like 2017, I don't think it will be more than 25k.

[posi]

Yes, I agree with your opinion that in the future bitcoin can not only be used as a store of value I think there are still many benefits from other bitcoins. I also agree if you say the factors that influence the price of coins include technological advances, regulations, future partnerships and competition. I'm sure the price of bitcoin in 2020 will definitely be better than this year and for my prediction maybe the price of bitcoin will recover like 2017, I don't think it will be more than 25k.

As the price of every other business or project setting influenced by some factors like regulations, technology advancement, partnerships, competitions and news (positive or negative) so is bitcoin too but I don't support the prediction about bitcoin not to exceed 25K price range cause the bitcoin block reward will be reduced and it automatically lead to surge in the price of bitcoin price.

[Silberman]

If you are not holding bitcoin then what are you holding? By far the best coin to be holding during this year has been bitcoin any other top altcoin has been losing ground to bitcoin, I could understand if there are some people that prefer to hold fiat right now because they think the market will turn bearish at any moment, but holding altcoins seems like a bad option, maybe this will change during the next year, but so far this year the best coin to hold has been bitcoin by far.

yes at the beginning of this year the price of bitcoin was gradually recovering so everybody knew that the price of bitcoin will go in bullish run this year and the wise investors were busy in investing in bitcoin, and this has proved in october that the price increased and the bullish run started, so the lucky people has earn profit, while those who were worried and just hold altcoin instead of bitcoin they are now regretting.

But that is the thing, the rise of bitcoin took months to materialize there were many opportunities to say, you know what my strategy is not working and I am losing money holding my altcoins so from now on I will hold bitcoin, was such reasoning so difficult to think and analyze? I do not think so, and even now I see people still holding their altcoins stubbornly telling me they will go up in value and it is true, but why wait when bitcoin was right there giving profits to anyone that bought it.

[Hamphser]

If you are not holding bitcoin then what are you holding? By far the best coin to be holding during this year has been bitcoin any other top altcoin has been losing ground to bitcoin, I could understand if there are some people that prefer to hold fiat right now because they think the market will turn bearish at any moment, but holding altcoins seems like a bad option, maybe this will change during the next year, but so far this year the best coin to hold has been bitcoin by far.

yes at the beginning of this year the price of bitcoin was gradually recovering so everybody knew that the price of bitcoin will go in bullish run this year and the wise investors were busy in investing in bitcoin, and this has proved in october that the price increased and the bullish run started, so the lucky people has earn profit, while those who were worried and just hold altcoin instead of bitcoin they are now regretting.

But that is the thing, the rise of bitcoin took months to materialize there were many opportunities to say, you know what my strategy is not working and I am losing money holding my altcoins so from now on I will hold bitcoin, was such reasoning so difficult to think and analyze? I do not think so, and even now I see people still holding their altcoins stubbornly telling me they will go up in value and it is true, but why wait when bitcoin was right there giving profits to anyone that bought it.

You shouldn't have to be comfortable of settling only in bitcoin, you should have to expand your investment. It's just like business when your previous business was successful, why not add another one in some other areas? This is the same as investing in bitcoin and altcoins but make sure you are investing the right coin.

[djsugar]

I believe that BTC is going to be bullish in 2020. The reason being the next halving is scheduled on the last quarter of 2020. If we go by past trends, halving always bring a wave of green candles. Plus the speculation before the halving will pump the price more too. Price is already hovering over the value of $9k. hence, I expect price to atleast beat the ATH of $20k next year. 2X appreciation is more than expected.

[Pamadar]

I believe that BTC is going to be bullish in 2020. The reason being the next halving is scheduled on the last quarter of 2020. If we go by past trends, halving always bring a wave of green candles. Plus the speculation before the halving will pump the price more too. Price is already hovering over the value of $9k. hence, I expect price to atleast beat the ATH of $20k next year. 2X appreciation is more than expected.

Based from the past movements halving really brings good impacts to the whole industry. since 2020 is nearing and we are starting to notice more good news that being published, this might be the beginning of more adoptions coming from big companies and more government to appreciate the usability and potentials of this crypto currency.

Interesting also to see how people will change up their minds and forget about ponzi and bubbles but a real alternative currency that they can use for their daily payment transactions.

[AliMan]

I believe that BTC is going to be bullish in 2020. The reason being the next halving is scheduled on the last quarter of 2020. If we go by past trends, halving always bring a wave of green candles. Plus the speculation before the halving will pump the price more too. Price is already hovering over the value of $9k. hence, I expect price to atleast beat the ATH of $20k next year. 2X appreciation is more than expected.

Based from the past movements halving really brings good impacts to the whole industry. since 2020 is nearing and we are starting to notice more good news that being published, this might be the beginning of more adoptions coming from big companies and more government to appreciate the usability and potentials of this crypto currency.

Interesting also to see how people will change up their minds and forget about ponzi and bubbles but a real alternative currency that they can use for their daily payment transactions.

Right now I couldn't see that impact yet, and for those good news happening, I guess the people who've lately become oriented haven't fully understood the full potential of cryptocurrency. Hopefully, those things that will contribute to bitcoin's adoption could have good results as soonest possible time. As those companies or groups of individuals who were part of sustainable growth remained strongly motivated, this will provide the entire community a better momentum to achieve desired goals successfully. Forgetting those negative events like the Ponzi things or scams will always let go and starting a new chapter in our best scapegoat along the way.

[Silberman]

If you are not holding bitcoin then what are you holding? By far the best coin to be holding during this year has been bitcoin any other top altcoin has been losing ground to bitcoin, I could understand if there are some people that prefer to hold fiat right now because they think the market will turn bearish at any moment, but holding altcoins seems like a bad option, maybe this will change during the next year, but so far this year the best coin to hold has been bitcoin by far.

yes at the beginning of this year the price of bitcoin was gradually recovering so everybody knew that the price of bitcoin will go in bullish run this year and the wise investors were busy in investing in bitcoin, and this has proved in october that the price increased and the bullish run started, so the lucky people has earn profit, while those who were worried and just hold altcoin instead of bitcoin they are now regretting.

But that is the thing, the rise of bitcoin took months to materialize there were many opportunities to say, you know what my strategy is not working and I am losing money holding my altcoins so from now on I will hold bitcoin, was such reasoning so difficult to think and analyze? I do not think so, and even now I see people still holding their altcoins stubbornly telling me they will go up in value and it is true, but why wait when bitcoin was right there giving profits to anyone that bought it.

You shouldn't have to be comfortable of settling only in bitcoin, you should have to expand your investment. It's just like business when your previous business was successful, why not add another one in some other areas? This is the same as investing in bitcoin and altcoins but make sure you are investing the right coin.

Your strategy should be as simple as possible, and during this year investing in bitcoin and only in bitcoin has been the most profitable strategy, what it is the point of investing in altcoins if you knew you were going to lose? If at some point I see altcoins performing better than bitcoin then I will add them to my portfolio but by doing that now I will be adding complexity to my portfolio for no reason at all and one of your jobs as a trader is also to make your job easier and faster.

[Darooghe]

Bitcoin should rise with more work being done on the BTC network, and also with more network effect and demand coming into the space. there’s a massive chance that Bitcoin’s price will rise in 2020 because the market is very cyclic and if you are going to look at the Bitcoin’s price charts, you will find out that all price movements were similar to previous years.

The halvening occurs in May 2020, and historically we've seen 200-300 percent price increase starting one year before the halvening, and 2,000-3,000 percent the year after. So if the market will go down, there’s a high chance that it will go up especially if we talk about huge cryptocurrency adoption all across the industry. However, I always plan for the worst and I've created a 5 year investment plan. I'm OK waiting until 2022 if necessary and I will not sell one coin before then.

[LUCKMCFLY]

It is very difficult if these Bitcoin predictions can come true, based on the accumulation stage that Bitcoin has achieved, it can be concluded that it will undoubtedly pass from the last ATH. McAfee has said many things, in fact, he said he knows who the real Satoshi Nakamoto is, that it did not cost him much, but that he was not going to divulge it, personally I think it is not true, it is my criteria.

The amount that bases its predictions is actually something spectacular, the bad thing is that it does not give clues as to what the study is doing, it only affirms an amount, the good thing is that it said the year 2020, and taking into account, the possible launches of Some stablecoins, including LIBRA from Facebook, this will undoubtedly cause a stir worldwide if they manage to launch it. From my point of view I see this positive launch for Bitcoin, because it will reach all people worldwide, because they have more affection for a social network than a government or bank, socially Facebook has achieved this.

On the other hand, people will quickly know that they can exchange their Pound currencies for Bitcoin, and that their stablecoin value can be multiplied if they are invested in Bitcoin, and this interest is very good, because there will be a clear growth in the demand for Bitcoin. .

Another important factor is that a movement in favor of Bitcoin and Blockchain is brewing around the world, and many people associate Blockchain with Bitcoin, they will see it with more confidence, the Crypto market will be attractive to new investors.

BAKKT futures are undoubtedly attracting more investors and institutions, more and more records set. The latest bearish movements are obvious that they are intended to buy, and the best way to buy is to make it cheap, I think that for that reason the prices have fallen, but now there is not much offer at low price levels, so you will try Bitcoin price offer at higher levels, it is likely that we can expect the value of Bitcoin to increase as time passes.

The favorable news from China regarding Blockchain and Bitcoin have taken a very good turn to Bitcoin, because the price has increased at some point and it may be that this "Fundamental" has had a lot to do.

I dare not say a number for the next ATH, but it will certainly be very exciting this 2020, what I can say and recommend is Hodl!

[romero121]

As of now more price predictions were happening with halving as the reference. Apart from this 2020 is something like a unique year which is marked to make a big change over each and every sector. This is why there is added hype for the year 2020 apart from halving. Moreover years back when people talk about adoption of bitcoin, everytime the target point will be mentioned as 2020.

With all this there is more chances for a large scale growth. Some believe the past price pumping a bubble that is initiated by the whales. Some believe this to be very phenomenal growth that happened as a result of massive adoption. Now compared to the community of previous time halving there is much wider adoption. Hope all these things will gets reflected over the price of bitcoin for the upcoming year.

[coin-investor]

Do you currently hold Bitcoin and are wondering what’s going to happen with its price in the near future, what is the Bitcoin price prediction 2020? Or have you heard about it and would like to know whether it’s a good investment or not over the long term? Well, if your answer is yes to either of these questions then you’ve come to the right place!.......

Source: https://www.bitdegree.org/tutorials/bitcoin-price-prediction-2020/

You copy pasted all of the articles here an excerpt and an article is much better, every time there is a halving coming people of course these so-called experts  are in a hurry to make a prediction, each one of them giving an outrageous amount, of course, the most prominent of these is Mcafee, as a Bitcoin holder myself I also like Bitcoin hype, but not to the point that they are going to hype it very high without any basis why it will go that high, I prefer to be modest and accept the reality, instead of these predictions.

[Silberman]

Bitcoin should rise with more work being done on the BTC network, and also with more network effect and demand coming into the space. there’s a massive chance that Bitcoin’s price will rise in 2020 because the market is very cyclic and if you are going to look at the Bitcoin’s price charts, you will find out that all price movements were similar to previous years.

The halvening occurs in May 2020, and historically we've seen 200-300 percent price increase starting one year before the halvening, and 2,000-3,000 percent the year after. So if the market will go down, there’s a high chance that it will go up especially if we talk about huge cryptocurrency adoption all across the industry. However, I always plan for the worst and I've created a 5 year investment plan. I'm OK waiting until 2022 if necessary and I will not sell one coin before then.

People like you are the ones that get the most profits out of the market, I'm tired of seeing newbies asking for ways to become rich in this market in just a few weeks, you are taking the right approach, you are willing to wait and create a strategy that you can follow for five years, that is a sign of a mature person and investor I have no doubt that you are doing fine right now with the increase in the price of bitcoin that we got during this year and I have no doubt that you will do even better in the future.

[Waterfull446]

I do not envy users in short-term trading. The bearish trend remains in force and BTC is not pleasing to the eye. Miners will wait and sell a little, as some lose, others gain. The market is constantly replenishing new players and gradually demand will grow.

[barota]

halving will solve prices bitcoin ; month and month the time pass ; halving comming and all traders know what mean for the market and prices bitcoin ; we can expect that prices to reach another high ath next year or 2020 for sure ; the new ath can reach 24000 usd at latest

[superman2019]

I do not envy users in short-term trading. The bearish trend remains in force and BTC is not pleasing to the eye. Miners will wait and sell a little, as some lose, others gain. The market is constantly replenishing new players and gradually demand will grow.

Around everyone shouting much louder than usual, that the trend is downward and pessimistic. Although they do not even try to figure out whether their forecasts are deceiving or not. Who knows what to expect, they are silent and just make money. They prey on fear and distrust, as well as fomo. But trading is not for panic, you need a clear strategy of action, then you will find it on the taklimakan network, where traders that have long been hunting for the crypto market to share their predictions and recommendations. I hope you make the right choice.

We are small traders who have to adapt to the market, but large players control it. They do not need to worry, because they direct the trend where they need to. If now he is being pushed down, then this is probably a preparation for the next frantic race. Because everywhere calls and exaggerated expectations are heard