BTC 20,000 USD by the year end.

[adaseb]

I think people are getting overly bullish again because it's November again which in the past (except 2018) was proved to always be a bullish month. And the fact that the Xi comments have sent us from 7300 to 10600 in a few hours people are already expecting new ATH to form.

If you want to see what the general market thinks just go look at the Deribit options for the year end expiry. Currently there is a premium of about $55 and the Bitmex futures for Dec expiry only has a $125 premium currently from the spot market, hence very low probability.

There is a large premium for the $10000 and $11000 options however which implies that sometime before the end of the year we might reach at least $12K or maybe $12.5K but $20k is way too far fetched in my opinion.

[Juggy777]

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

October 28, 2019, 02:22:35 PM

67.8%

@gunhell16 at this stage I feel we may be able to reach up to $15k by the year end, as the bulls have yet not returned to the crypto market. The author has listed Bakkt as a reason that bitcoin prices will rise, but I feel Bakkt won’t be one of the reason as we already saw at Bakkts launch instead of rising bitcoins prices tanked.

[blckhawk]

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

October 28, 2019, 02:22:35 PM

67.8%

It's possible, looking at the current market status that we can pump $2,500 in just few days, $20,000 by the end of the year seems plausible, but the chance is low. Right now, it's struggling to reach $10k and even going down as low as $9,200. But given the volatility, the pump chance and amount, we could reach it but I doubt it would stay there. It's most likely to hit back down just like the 2017 hype, because of manipulators and other factors.

[exstasie]

I think people are getting overly bullish again because it's November again which in the past (except 2018) was proved to always be a bullish month. And the fact that the Xi comments have sent us from 7300 to 10600 in a few hours people are already expecting new ATH to form.

If you want to see what the general market thinks just go look at the Deribit options for the year end expiry. Currently there is a premium of about $55 and the Bitmex futures for Dec expiry only has a $125 premium currently from the spot market, hence very low probability.

There is a large premium for the $10000 and $11000 options however which implies that sometime before the end of the year we might reach at least $12K or maybe $12.5K but $20k is way too far fetched in my opinion.

Meh, Bitmex sentiment ain't everything.

I don't sense that people are overly bullish. On the contrary, I sense a lot of skepticism and unwillingness to buy back. Regarding the November factor, I think last November's crash is still fresh in people's minds. Recency bias is a bitch that way.

Last week, most traders probably thought $10K by end of year was out of the question. Let's see what else the honey badger has in store this year.

[Dr.Osh]

I think people are getting overly bullish again because it's November again which in the past (except 2018) was proved to always be a bullish month. And the fact that the Xi comments have sent us from 7300 to 10600 in a few hours people are already expecting new ATH to form.

If you want to see what the general market thinks just go look at the Deribit options for the year end expiry. Currently there is a premium of about $55 and the Bitmex futures for Dec expiry only has a $125 premium currently from the spot market, hence very low probability.

There is a large premium for the $10000 and $11000 options however which implies that sometime before the end of the year we might reach at least $12K or maybe $12.5K but $20k is way too far fetched in my opinion.

Meh, Bitmex sentiment ain't everything.

I don't sense that people are overly bullish. On the contrary, I sense a lot of skepticism and unwillingness to buy back. Regarding the November factor, I think last November's crash is still fresh in people's minds. Recency bias is a bitch that way.

Last week, most traders probably thought $10K by end of year was out of the question. Let's see what else the honey badger has in store this year.

I do not expect crashes to occur at this time, even for the coming month. it's just that, I think that the price of $ 20k is too far from the current price. I also think that the price of bitcoin for this year has the highest potential to reach $ 12.5k. although seeing the growth in bitcoin prices at this time is pretty good, but I'm still a little hesitant for these very high prices. some analysis and speculation argue that prices could be lower.

[EdenHazard]

Oh you mean that supposedly famous meme from reddit about 16k by October? Next we'll be pulling out that other subreddit from that time traveller that ignores he's already wrong on several counts.

Does anyone else here think 20k twice in the space of 2 years, without an actual "crypto winter" having arrived would be too soon?

Are you guys tired of accumulating at low prices?

Am I de javu now?

look at this thread

https://bitcoinist.com/bitcoin-price-prediction-expect-price-to-double-by-the-end-of-2018/

Looks like this site is really love to feeling the bull at the end of every year consistently

However i would say those three reasons is too general... especially speaking about the Chinese traders response on recent china president xi Jinping, it's just simply exaggerated and I believe the current price spike won't last for too long, so just be careful ... there might be a sudden fall just like yesterday sudden spike.

This is not gonna happen, 2 of the reasons aren't relevant to the increase in the price of bitcoin.
Bitcoin dominance isn't contributing to bitcoin price's increase or declining, it just shows how popular investing in bitcoin compared to other altcoins in the market.
There is no such thing like Chinese traders going FOMO, their government has banned cryptocurrency, cracked down exchanges and miners which makes it difficult for people to trade bitcoin. Sometimes you'll find articles from bitcoinist is not newsworthy with the poor quality articles and ridiculous points.

Yupp we can track easily their long history making FUD .. yet people interested and fall for this too easily. People shouldn't bother with these baseless predictions nor make it become more and more wild speculation , there's no point to discuss this but a higher expectation/daydreaming about you might get rich in no time which is fair but dangerous at once.

We have seen people bought bitcoin at the ATH due there's a lot of speculation that the price might continue rising up to $50,000 or so and in the end they are suffering now , see?

It could be happened at the current condition where people so overconfident with those fundamentals news but the market says the other way around.

Even though I'm bullish guy, I always try to make a move as careful as possible when you talk about this kind high risk thing.

[aysg76]

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

October 28, 2019, 02:22:35 PM

67.8%

See we all are optimistic about btc growth and we all want to see price pump in the market as we are above $9500 and $20k might not be possible by the year end as we have entered last quarter of this year and only 2 months have left for it so we can excpet that prices can reach $12-$15k if everything goes in favour of btc.Hope we see this soon.

[gabbie2010]

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

October 28, 2019, 02:22:35 PM

67.8%

See we all are optimistic about btc growth and we all want to see price pump in the market as we are above $9500 and $20k might not be possible by the year end as we have entered last quarter of this year and only 2 months have left for it so we can excpet that prices can reach $12-$15k if everything goes in favour of btc.Hope we see this soon.

If by the end of year price stood above $12K I believed its a good price considering the fact that earlier in the year the price was $3K+ as it is now the price had made a remarkable bullish movement so far however I wouldn't agree that the price will reach $20K by the end of the year except if there is a catalyst in form of positive fundamental that will trigger the bullish movement else the price will continue with its consolidation.

[beerlover]

People are getting hyped too quickly for bitcoin. Whenever it gets from certain price down to lower price they start topics about how it will be 1000 dollars or 3000 dollars or whatever making a big deal out of a small decrease, whenever it goes up a bit like it did recently they start talking about $20k by the end of the year and what not.

Bitcoin is a volatile thing and it does go up and down a bit I agree but don't you guys think it will be too much for $20k right away? Like yeah it is volatile but is it THAT volatile, at least not all the time. We had that once and we saw that it is not good, you do realize that including me and whoever reading this right now, we won't sell our coins if it reaches $20k?

I did when it reached there, even a bit before but that's fine at least I managed to get out, so going up that much that quickly only means falling down even quicker.

[Ayiranorea]

I think people are getting overly bullish again because it's November again which in the past (except 2018) was proved to always be a bullish month. And the fact that the Xi comments have sent us from 7300 to 10600 in a few hours people are already expecting new ATH to form.

If you want to see what the general market thinks just go look at the Deribit options for the year end expiry. Currently there is a premium of about $55 and the Bitmex futures for Dec expiry only has a $125 premium currently from the spot market, hence very low probability.

There is a large premium for the $10000 and $11000 options however which implies that sometime before the end of the year we might reach at least $12K or maybe $12.5K but $20k is way too far fetched in my opinion.

Meh, Bitmex sentiment ain't everything.

I don't sense that people are overly bullish. On the contrary, I sense a lot of skepticism and unwillingness to buy back. Regarding the November factor, I think last November's crash is still fresh in people's minds. Recency bias is a bitch that way.

Last week, most traders probably thought $10K by end of year was out of the question. Let's see what else the honey badger has in store this year.

Yes, now people aren't much into buying back thinking of the previous year market change that happened within a very short. Until last week the speculations were mostly about the drop in the price of bitcoin losing momentum at some price point. After the present growth the market speculations have turned towards the bullish trend. With the ongoing market growth the chances for $20000 is highly possible.

[ashmodeus]

well, i dont think so, i have a simple opinion about it.
hmmm, we know exactly about what happened on last week , since chinese president make a sentiment for blockchain industry all of crypto going crazy soo sudden.
but, somehow i just think , its just no rather than FOMO. that sudden effect might make a mass sell next month .

it just temporary moment maybe, recent condition was as investors expression after several months they didnt hesr good news from china.to reach $20k in end of year will not be easy, many traders that buy on dip will taking profits their position.i am still waiting big correction from mave 4k to 12k .this year bitcoin price will moved in this range.

well, btc seems stable right now, stay at 9k zone , for now i am not sure about my last statement , also from some anylist statement :
"Historically, there’s a 50% pullback for each of the parabolic rises, but that rise has not happened yet for this 4 years cycle" make me more confusing, he just say probably it will happen when halving of btc, but i am not really sure about it.

[Hamphser]

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

October 28, 2019, 02:22:35 PM

67.8%

It's possible, looking at the current market status that we can pump $2,500 in just few days, $20,000 by the end of the year seems plausible, but the chance is low. Right now, it's struggling to reach $10k and even going down as low as $9,200. But given the volatility, the pump chance and amount, we could reach it but I doubt it would stay there. It's most likely to hit back down just like the 2017 hype, because of manipulators and other factors.

It's clear to me that this sudden pump of the price is purely manipulation in the market but it still struggle to reach the said $10,000 price resistance limit. I doubt it would ever push to $20,000 by the end of the year 'cause it's clear that the price is just turning back to the same price range that we have been waiting for so long to move up or to constantly break the $15,000 resistance but it never happens.

[bitzizzix]

All predictions are not necessarily true and the rise in bitcoin is the hope of all bitcoin users, bitcoin is now increasing gradually and predictions to reach $ 20,000 are likely to occur.
but in my opinion at the end of the year bitcoin will reach around $ 15,000 and will continue to increase until 2020 and reach the highest price.

[bitgolden]

Sometimes when we make our humble speech, we have to make a realistic speech because what you just said here does not really look realistic to me, because you are making a prediction 2 days to when month is going to end and you expect that within that 2 days, bitcoin should have the value of average $4000 to top up per day which i don’t think will be possible and you should not forget the fact that as the bulls are pumping the value, so the bears too are also trying to dump it. 

It will be totally impossible for bitcoin to get to that milestone within the shortest possible time. This value prediction is actually right, but the target time is actually what is wrong, and I think that it will be towards the beginning of next year before this value van come.

[alexsandria]

There are still unclear perspectives over there. We could be analyst and all over here then say this and that. Well that was good to hear but aren't we are too fed up with news like this. Though the impact of this specially to new comer and new traders is that they'll be hodling their potential gains just because with news like this although if it may come true then they are lucky though but if it otherwise such possible progress are far away from them.

[cryptoangel]

Bitcoin have more the 20k USD potential on further years, But we don't predict it will reach on end of the years. Because still is not a cross the 10k USD so peoples are think it will reach 13k USD on this year. Already it was cross the 12k USD one month before so everyone believe the Bitcoin potential. Automatically Bitcoin will raise on further years so we can't predict the future value.

[bassbity]

Bitcoin have more the 20k USD potential on further years, But we don't predict it will reach on end of the years. Because still is not a cross the 10k USD so peoples are think it will reach 13k USD on this year. Already it was cross the 12k USD one month before so everyone believe the Bitcoin potential. Automatically Bitcoin will raise on further years so we can't predict the future value.

Bitcoin is not predictable how much will be achieved by the end of this year, for example a few days ago bitcoin rose significantly in 24 hours bitcoin can grow again, will this year be like that? quite good news I'm sure the pope will control prices again like yesterday.

[The Sceptical Chymist]

This will be a welcoming news for all and it would send a positive waves across the crypto market and give a fresh push to the altcoin market as well.

Yeah, OK.  Short-term traders might rejoice on their filthy, unpaved streets but it wouldn't be a great thing for long-term holders.  Anyone recall 2017?  Everyone was euphoric but it led to a big crash, and nobody except maybe short sellers was happy about that.

In any case it doesn't look like bitcoin is going to get there by the end of 2019.  That sweet jump from $7500 to over $10k might have led speculators to think we'd all stepped aboard the neverending gravy train, but once again bitcoin is doing the unexpected.  Looks like it's hit the pause button at around $9100 or so.  And that's a good thing IMO.

We'll get there.  Just not this year (hopefully).

[Mahanton]

This will be a welcoming news for all and it would send a positive waves across the crypto market and give a fresh push to the altcoin market as well.

Yeah, OK.  Short-term traders might rejoice on their filthy, unpaved streets but it wouldn't be a great thing for long-term holders.  Anyone recall 2017?  Everyone was euphoric but it led to a big crash, and nobody except maybe short sellers was happy about that.

In any case it doesn't look like bitcoin is going to get there by the end of 2019.  That sweet jump from $7500 to over $10k might have led speculators to think we'd all stepped aboard the neverending gravy train, but once again bitcoin is doing the unexpected.  Looks like it's hit the pause button at around $9100 or so.  And that's a good thing IMO.

We'll get there.  Just not this year (hopefully).

We cant really avoid those feelings on getting pumped up when the price tends to rose up after some months of sideways movements.
When we do see some trigger or sudden price increase on percentages then we do mind that heading up to that ATH would already be easy.
Come to think that there would always be a correction and this would be always a bumpy ride for all of us.Reaching those numbers again
wont really be easily hit up and imagine on how many sell out points along the way specially to those people who do bought on peak in 2017 FOMO.

[Doell]

Bitcoin have more the 20k USD potential on further years, But we don't predict it will reach on end of the years. Because still is not a cross the 10k USD so peoples are think it will reach 13k USD on this year. Already it was cross the 12k USD one month before so everyone believe the Bitcoin potential. Automatically Bitcoin will raise on further years so we can't predict the future value.

Bitcoin is not predictable how much will be achieved by the end of this year, for example a few days ago bitcoin rose significantly in 24 hours bitcoin can grow again, will this year be like that? quite good news I'm sure the pope will control prices again like yesterday.

I also believe the price of bitcoin will rise even more ,it's easy for the whale I'm optimistic everyone would want it to be a prediction could also happen it and this news will make investors return for bitcoin just don't panic if there is a slight correction