The Trend for 2020.

[Yamifoud]

There seems to be a little decrease in price lately. For me, I can't say there will be an increase in price or decrease in price generally in this year 2020. I am simply looking at the bright side as anything can happen.
Hopefully, I see a price increase of about 15k at the middle of the year, then dump. Then another pump towards the year ending. Fingers crossed: I am positive.

Since this increase is due to HYIP, IMO the price will increase until halving and then there will be a drop. Then by the end of the year, I believe we will see a price that is at least worth the mining value. Actually, we can see that the price increase in passing halvings is bigger, but I am trying to be a little more realistic in this regard, and hopefully there will be a price increase like the last halvings.

And I hope it won't but rather to see more pumps after block rewards happen the same thing that it happens in the past halvings before.
I know we can't neglect such a downfall trend because of many reasons but I was optimistic and even more positive that this year will gonna be seeing doubling market price trend and $15k is approachable enough. Of course, it won't be an instant and absolutely it will take time.

[STT]

Trend so far in last ten days of 2020 has been to challenge trends, most of which medium term have been negative.   That does not mean we immediately are positive but it does open the door I think, we are less constrained not tied to the weight of a pattern holding us for 6 months.    Its not yet beaten imo



For short term speculation the blue line shows to me momentum by indicating a roughly weekly average.   Then the medium term negative trend is where we rest now at 8100.    TO be sure we have to examine this on weekly bars for confirmation but that means a wait till Monday roughly.

[wheelz1200]

We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.



Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?


Will love your hear your insightful feedbacks and contributions ✍️

I honestly think there will be a lot of sideways action.  There is still an insane amount of people holding $10k plus priced bitcoin from 2017.  There will be some heavy profit taking if we reach the tens this year.  We didnt have that factor in 2017 it was a clear road up.  I'd say we hover around current pricing taking some sharp spikes and dips along the way but otherwise staying even.

[nelson4lov]

I honestly think there will be a lot of sideways action.  There is still an insane amount of people holding $10k plus priced bitcoin from 2017.  There will be some heavy profit taking if we reach the tens this year.  We didnt have that factor in 2017 it was a clear road up.  I'd say we hover around current pricing taking some sharp spikes and dips along the way but otherwise staying even.

So in your opinion, We won't be seeing $20K BTC this year? That's strange. Every 6-7 of 10 people I talked to feels Bitcoin would hit a new ATH this year – somewhere around 30K or more. We did hit 14K at some point in 2019 and I'm sure some of those $10K hodlers sold their stash. Based on the responses in this thread, I think there would be good market movements in 2020 compared to 2019. Don't forget the having event. The price has to increase to compensate for the 50% drop in block rewards.

[sisule]

Still waiting which one become most trending in 2020 after ICO, IEO have been failed, early year we still don't find which one become most trending in this year and which on investment become most profitable at the future, have new way for ICO and IEO back again and become success how the did last two years? We need waiting at the middle month in January about which one  most trending investment kind in this year.

[LogitechMouse]

There is one good thing about this.
Since they are all expecting history to repeat itself. (2017)
It never went up so fast and same thing when it goes down.

To be honest, I don't want to repeat what happened last 2017. You saw already what happened after that right? A year of doom .
I'm not expecting too much for Bitcoin in 2020 even though halving is coming. Yes the hashrate continues to rise but still I don't want to expect because anything can happen to Bitcoin.
Sudden pump last 2017 and at 2019 when it reaches 14k. Did somebody expected it. What we only knows it whatever goes up goes down so many expected that after a parabolic rise in these 2 events, a correction will happen and it happened .

[3la9l_kolbaCa]

At the beginning of this year I'm really looking for a surprise. The expectation of the analysis is to go up slowly in the next few weeks, when halving 2020 is meant to mean a momentary correction, don't think prices will drop dramatically because that's just a small correction, which means that I don't think it's possible for the price of bitcoin to go up continuously without going down and correcting, so that's how it plays, basically after halving.

Right now, the market fluctuations was so intimidating and can't establish a perfect benchmark to our asset. It needs a lot of time and effort to accumulate a bigger funds on our holdings. We must not ignore every possibilities at a given situations, because the market value instantly rises and immediately crashes without any further signs. This was so unexpected, while it tried to cover up at first week of January but that was so sad to see after few days it went back to falling at around 20% of the price.

[killerfrost]

We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.



Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?


Will love your hear your insightful feedbacks and contributions ✍️

I honestly think there will be a lot of sideways action.  There is still an insane amount of people holding $10k plus priced bitcoin from 2017.  There will be some heavy profit taking if we reach the tens this year.  We didnt have that factor in 2017 it was a clear road up.  I'd say we hover around current pricing taking some sharp spikes and dips along the way but otherwise staying even.

As for holders since 2017, I believe they sold everything when the price of bitcoin reached $ 14,000 in 2019. The price quickly fell when bitcoin reached this price and I believe that no one holds bitcoin from the period 2017. This year it is likely that Bitcoin will go up to 20k again and if Bitcoin is pumped up to $ 12-13k it will certainly take place easily.

[BartS]

I honestly think there will be a lot of sideways action.  There is still an insane amount of people holding $10k plus priced bitcoin from 2017.  There will be some heavy profit taking if we reach the tens this year.  We didnt have that factor in 2017 it was a clear road up.  I'd say we hover around current pricing taking some sharp spikes and dips along the way but otherwise staying even.

So in your opinion, We won't be seeing $20K BTC this year? That's strange. Every 6-7 of 10 people I talked to feels Bitcoin would hit a new ATH this year – somewhere around 30K or more. We did hit 14K at some point in 2019 and I'm sure some of those $10K hodlers sold their stash. Based on the responses in this thread, I think there would be good market movements in 2020 compared to 2019. Don't forget the having event. The price has to increase to compensate for the 50% drop in block rewards.

What is happening at the moment is that bitcoin is incredibly difficult to predict, if the year keeps going in the current direction with similar movements to what we saw today then there is no doubt that we are going to see a new ATH during this year.

But the price of bitcoin is not so easy to predict, it could crash tomorrow for what we know, so as much as I will like to know what it is going to happen I'm just like every other investor in this market, I do not know what bitcoin will do the only thing that I know is that I will be here to take advantage of it.

[Pamadar]

At the beginning of this year I'm really looking for a surprise. The expectation of the analysis is to go up slowly in the next few weeks, when halving 2020 is meant to mean a momentary correction, don't think prices will drop dramatically because that's just a small correction, which means that I don't think it's possible for the price of bitcoin to go up continuously without going down and correcting, so that's how it plays, basically after halving.

Right now, the market fluctuations was so intimidating and can't establish a perfect benchmark to our asset. It needs a lot of time and effort to accumulate a bigger funds on our holdings. We must not ignore every possibilities at a given situations, because the market value instantly rises and immediately crashes without any further signs. This was so unexpected, while it tried to cover up at first week of January but that was so sad to see after few days it went back to falling at around 20% of the price.

And now it's moving stronger again and bringing a good run, fluctuations really make it tough but to those who are really supporting this industry
this behaviors are friendly since it's giving a good benefits for those who are accumulating their funds.
Don't rush things out and judge with temporary movements instead better to aimed for higher goals and wait till it's being achieved.

[DevilSlayer]

There is now a transition that is happening where the bearish trend of the bitcoin is now becoming bullish. The bitcoin is currently consolidating, you will see it by using darvas box. Once the price breakout in the darvas box with an increase in volume then it is a good sign because it is the meaning is the buyers are now in control.

[BartS]

There is now a transition that is happening where the bearish trend of the bitcoin is now becoming bullish. The bitcoin is currently consolidating, you will see it by using darvas box. Once the price breakout in the darvas box with an increase in volume then it is a good sign because it is the meaning is the buyers are now in control.

While I agree there is a transition taking place we are not going to get a confirmation of that until as you say there is a positive breakout with good volume, which is not something we are seeing right now.

It could always be possible the bulls eventually give up and the price begins to go down very rapidly, this has not happened and we will also need a confirmation of this happening, so the best thing to do now is to just watch the market and wait until it gives a clear verdict about where it wants to go.

[TitanGEL]

There is now a transition that is happening where the bearish trend of the bitcoin is now becoming bullish. The bitcoin is currently consolidating, you will see it by using darvas box. Once the price breakout in the darvas box with an increase in volume then it is a good sign because it is the meaning is the buyers are now in control.

While I agree there is a transition taking place we are not going to get a confirmation of that until as you say there is a positive breakout with good volume, which is not something we are seeing right now.

It could always be possible the bulls eventually give up and the price begins to go down very rapidly, this has not happened and we will also need a confirmation of this happening, so the best thing to do now is to just watch the market and wait until it gives a clear verdict about where it wants to go.

The chart is now becoming a stair where the price is moving in upward position. The sideways is already finished because of the recent breakout that happen. With the use of moving averages, we can now confirm that the market is now in bullish. The market is currently recovering again but we should not expect too high where bitcoin can easily beats its previous ath. We should just expect realistic results and outcomes.

[Latviand]

I don't have a prediction based on real facts, it's a simple prediction, because I didn't plan for 2020 yet

This year everyone is expecting all time high, but I'm not so optimistic, I'll be happy with 10k USD for some time, I'm looking for all time low

At the moment the price of bitcoin is almost reaching $ 7500, it means that it will be close to predictions to immediately reach $ 10,000 but even though the movement is slow but I am optimistic that this will soon be reached to a better level, let others predict high prices but I hope in January or February Bitcoin soon reaches $ 10,000 because that is my target in predictions.

Positive marks can be seen at this moment which is a good thing but as an advice to many people in this industry, do not get your expectations too high. Take note of the market volatility. Some people are already expecting of a 20000 usd market value for this year which is quite unbelievable at this moment given how early it is to make such prediction. It is still a long way and there are many things that could happen in the market having no assurance whether it would be in favor with the market value or not.

[Savemore]

The current trend is now bullish but there pullbacks that currently happening in the market. As long as it is healtjy pullbacks, we should expect that the trend will remain uptrend. It's been months where the price remain bearish but the transition is already finished so it is now a good chance to hold bitcoins. Holding bitcoins while the market is uptrend is the best strategy to use by those long term investors.