New year and forecasts

[Slow death]

Bitcoin price will crash below 1k in 2020 zengo ceo jokingly predicts



Source: https://cointelegraph.com/news/bitcoin-price-will-crash-below-1k-in-2020-zengo-ceo-jokingly-predicts


This may have been a joke, but if everyone follows the bitcoin-related news channels they must have read a lot of price forecasts made in 2019 that didn't come true. For this year we have Bitcoin halving in May (for those who want to follow this event: https://www.bitcoinblockhalf.com). What is the most realistic price bitcoin can reach for this year? I will be the first to forecast:

In my opinion the price will reach $15000 this year

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[Oilacris]

Image shows a crystal ball? Its quite funny to look at.As said about speculation from big news site doesnt really happen most of the time.
Even to those analysis made by those so called popular personalities isnt really that different compared to a normal person who do guess up on what would be the price.
For now we can conclude yet but lets hope that this would be a good year not only on bitcoin but on the entire crypto market.

[electronicash]

"All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will be revealed and will be disappointing; Trump will stack sats on twitter; Lightning will have glorious adoption.”

that's what Ohayon said.  i have no idea how safe his zengo but he is probably serious when he said TRX and XRP are going to be the most important crypto lol these are likely the only tokens deposited in zengo.  not sure why cointele ever give him the stage.

i don't think satoshi will be identified, he will have to prove his sign message even if all evidence is pointing to such person.

[Slow death]

Image shows a crystal ball?

Yes

Its quite funny to look at.As said about speculation from big news site doesnt really happen most of the time.
Even to those analysis made by those so called popular personalities isnt really that different compared to a normal person who do guess up on what would be the price.
For now we can conclude yet but lets hope that this would be a good year not only on bitcoin but on the entire crypto market.

Well, it seems that bitcoin-related news channels are agreeing on this apocalyptic price issue:

Elliott Wave Theory Suggests Bitcoin May Be Due For Biggest Correction Yet

Bitcoin Current Price:



This is an important support, I wonder what happened if break. Well my prediction is towards the end of this year, so there's still a lot of time to materialize

[BitcoinBarrel]

Would not surprise me, anything is possible with Bitcoin 

[LUCKMCFLY]

Precisely today I saw that analysis of the trader with Elliot on twitter, he said according to Elliot that it was going to reach $ 1k (Fortunately, Elliot is a mathematical tool and not an indicator of the Real Supply-Demand), and I have seen this problem, I think It can reach $ 1 or $ 1M, this is Crypto, but the main reason I think it can't reach $ 1k is because they won't kill the market, they know very well that the money that is handled is of high volumes, extremely high, they will not kill the castles in the air of people, except now that an adoption current is developing (for my part, I rule out that possibility of $ 1k) the idea of ​​reaching $ 1M for now no I do not see it, such Once $ 50k is a more reasonable number.

The intentions of doing that kind of analysis can be to create panic in weak hands and produce massive sales so that the whales buy cheaper (I believe in that type of manipulation).

[samcrypto]

I’m preparing for the best price and a worst case scenario, everything is possible. That crystal ball can tell the truth or a lie, and bitcoin is still depend on the news, demand and supply. If the halving can’t bring good prices, then we might see the real bottom of a new decade, just be ready for that and still hope for the best.

[Wexnident]

Aren't they just hyping the fear for Bitcoin so that the bigones could actually keep buying BTC at low prices? Then they suddenly hype it out after the halving or half a year or so, creating a situation where they actually buy low and sell high for that time period. Well, it was made into a joke so I guess all's well and fine I'd say. As for BTC Price next year, A minimum of 100% increase should be expected right? That is if no bubble occurs that causes the market to crash below the expected stabilized price, i'd say the year would end around 14 - 15k. Quite an acceptable ending if so right?

[panganib999]

Well, it is a joke so and even with lies/jokes containing a bit of truth, I really doubt Bitcoin would actually go to $1k. Especially since there is no factors that would involve any correction to it at the moment and well, the price being stabilized right now. Bitcoin price drops because of either a sudden rise which causes the market to stabilize or the market suddenly deemed it to be useless, dumping their coins, which is the possiblity of it happening is close to null at the moment. Even if we take into account China's recent development of crypto currency, I'd doubt any country would actually follow suite anytime closer and would cause massive price drops. That's taking into account the more than 5 years development of China for their crypto currency.

[Kemarit]

Aren't they just hyping the fear for Bitcoin so that the bigones could actually keep buying BTC at low prices?

Probably, and most media outlets are obviously have some incentives behind writing useless articles to sow fear from newbie investors. It's one of the most effective methods, sad to say.

Then they suddenly hype it out after the halving or half a year or so, creating a situation where they actually buy low and sell high for that time period. Well, it was made into a joke so I guess all's well and fine I'd say. As for BTC Price next year, A minimum of 100% increase should be expected right? That is if no bubble occurs that causes the market to crash below the expected stabilized price, i'd say the year would end around 14 - 15k. Quite an acceptable ending if so right?

$14k-$15k is quite conservative estimates. The halving this year will create a lot of hype on Bitcoin again so I wouldn't be surprised if we reach $20k at the end of the year. Although I'm not sure if that is sustainable long term.

[watergold]

Then they suddenly hype it out after the halving or half a year or so, creating a situation where they actually buy low and sell high for that time period. Well, it was made into a joke so I guess all's well and fine I'd say. As for BTC Price next year, A minimum of 100% increase should be expected right? That is if no bubble occurs that causes the market to crash below the expected stabilized price, i'd say the year would end around 14 - 15k. Quite an acceptable ending if so right?

$14k-$15k is quite conservative estimates. The halving this year will create a lot of hype on Bitcoin again so I wouldn't be surprised if we reach $20k at the end of the year. Although I'm not sure if that is sustainable long term.

I think it will be easy after halving $14k- $15k because in terms of now investors like it haven't saved a lot about bitcoin and I'm sure this year bitcoin will reach the highest level, in fact I often see the forecast happen before but not yet, I want to know This comes true and investors will smile if everything has happened to know this.

[barabarian1]

Most bitcoin holders expect and predict bitcoin prices will reach ATH $ 20k after being reduced by half. and some predict that bitcoin will reach $ 30k later this year.
I think their expectations are too high. my prediction is the same as op in the last quarter of this year the price of bitcoin is $ 15k. I did not expect too high because I know the current state of the crypto market from the 2016 crypto market is very different. so I don't think bitcoin increases will be as high as the previous year.

[alyssa85]

$14k-$15k is quite conservative estimates. The halving this year will create a lot of hype on Bitcoin again so I wouldn't be surprised if we reach $20k at the end of the year. Although I'm not sure if that is sustainable long term.

My prediction is that it will get to about $20k before the halving. But will fall back afterwards as people take profits, and then settle at around $13k to $15k.

That's sort of what happened to litecoin during it's halving last August (a pump prior to the halving, and then a sell off as people took profits).

[cutesgirl]

I think bad prediction and he made joke with bitcoin back lower price under $1000 in this year, I have opinion about bitcoin price with new year where can reached above $20k where bitcoin will faced with bitcoin halving for giving price up, big effect from bitcoin halving because many investor still trust with halving become most happiness moment to make bitcoin back to higher price.

[Steamtyme]

I'm not going to lie. I've given up on caring what channels and "news" are predicting for the price. I really only believe that that the long term it is going to rise. I did make a prediction guess in Micgoosens latest giveaway, which is definitely on the highside for this quarter, but it's more of what I would expect a high of this year to reach, and that's 14 950 or so - real close to you.

In the end I've funnily moved towards the 1BTC = 1BTC, it will just depend how much of it I have to use to buy what I need or sell for what I need that will change. Probably not what you are looking for 
It's just the mindset I've found myself left with after pulling at threads the last few months.

[Wexlike]

I'm not going to lie. I've given up on caring what channels and "news" are predicting for the price. I really only believe that that the long term it is going to rise. I did make a prediction guess in Micgoosens latest giveaway, which is definitely on the highside for this quarter, but it's more of what I would expect a high of this year to reach, and that's 14 950 or so - real close to you.

In the end I've funnily moved towards the 1BTC = 1BTC, it will just depend how much of it I have to use to buy what I need or sell for what I need that will change. Probably not what you are looking for 
It's just the mindset I've found myself left with after pulling at threads the last few months.

These news magazines are online producing headlines for klicks, mostly based on some random bogus technical analysis based on a random twitter post. Zero credibility. Just buzzwords trying to lure you into the click trap.

[STT]

Nothing on the charts especially shows big negatives, it shows price finding resolution after vast movement in 2019 and in revision we find a base and then a trend.  That process can take the whole of 2020 though we all seem to expect events to trigger something more excitable then just sideways or price revolving as it has in prior months.
    Till I can see otherwise I think we may peak in the summer but I think 2020 is a base forming year not the bigger year that BTC can sometimes have.   So you know if I was stating numbers I would say something quite within the region we tracked in the last quarter.

[Slow death]

Wow this is getting very interesting, hours after I created this thread, I went to sleep and when I woke up I looked at the price and saw this:



The price jumped from $6900 to $7200 when I woke up, and for the day to get even more interesting when I went to read the news I saw this:

Bitcoin can hit 50k in 2020 very easily nexo ceo tells bloomberg

I wonder where is Tom Lee? He hasn't shown up yet to make predictions. 

[thecodebear]

Aren't they just hyping the fear for Bitcoin so that the bigones could actually keep buying BTC at low prices?

Probably, and most media outlets are obviously have some incentives behind writing useless articles to sow fear from newbie investors. It's one of the most effective methods, sad to say.

Then they suddenly hype it out after the halving or half a year or so, creating a situation where they actually buy low and sell high for that time period. Well, it was made into a joke so I guess all's well and fine I'd say. As for BTC Price next year, A minimum of 100% increase should be expected right? That is if no bubble occurs that causes the market to crash below the expected stabilized price, i'd say the year would end around 14 - 15k. Quite an acceptable ending if so right?

$14k-$15k is quite conservative estimates. The halving this year will create a lot of hype on Bitcoin again so I wouldn't be surprised if we reach $20k at the end of the year. Although I'm not sure if that is sustainable long term.

Yeah $15k is very conservative considering it hit $13.9k last year. Now if the end of the year has a down spell it could END the year at around $15k, but I think this year at some point it'll be around $20k. Price in the past has gone exponential the year after the halving. So I think we should expect gradual price increase this year, with the second half of the year probably being in general in the $15k - $20k range. 2019 saw a 100% gain from start to finish, I think it will be a bit more than that since Bitcoin should be getting closer to the next huge bull run, so I'd say closer to 200% gain this year. So possibly topping the all time high, or at least building up close to it this year, in preparation for leaving it in the dust next year.

[exstasie]

My prediction is that it will get to about $20k before the halving. But will fall back afterwards as people take profits, and then settle at around $13k to $15k.

That's sort of what happened to litecoin during it's halving last August (a pump prior to the halving, and then a sell off as people took profits).

I roughly agree, though I think $20K is aiming too high. In 2016, the May/June pre-halving pump only netted ~80% gains. Plus I think bears will attempt to paint a "double top" in the $14K area. So my target will be in that area.

I think David has the right idea with this projection: https://bitcointalk.org/index.php?topic=5140701.msg53389283#msg53389283