Can bitcoin Cross $20,000 By the end of 2020?

[GmAdvice]

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

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[mk4]

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

[Juggy777]

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

@GmAdvice I’ll answer yes and at the same time I’ll tell you that, it’s quiet possible that bitcoin prices may not cross $20k by the year end because of it’s volatile nature. @mk4 while I’m not a fortune teller, but I can see how it’ll go with the fortune teller as the FT will tell him the same thing like we just said here. I hope now you’ll understand that no one can predict what will happen with bitcoin prices, as we all try to make predictions based on our gut feeling. Therefore I’ll advise you to do more research about bitcoin prices, as I feel you lack the necessary knowledge regarding it.

[Latviand]

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

I like the sarcasm.
But it is really hard to predict it with certain. The market value of not only Bitcoin but also most of the cryptos are naturally volatile. The market price is changing from time to time which makes it impossible for just anyone to correctly determine what would happen next. Every expectation whether it is from the majority or an individual, is just an opinion.

Going back, it is too early to make an assumption that Bitcoin's market value would be able to again break the $20,000 barrier just like what happened before. There are still many things that could happen not knowing if it would benefit the market prices or not. Many people are anticipating the halving in which they believe, will boost the market price of Bitcoin to its all time high, but that is uncertain. We won't be sure of it unless we see it on actual. So maybe, waiting for that day to come is the answer to OP's question.

Best thing to do at this point is to invest and trust the process. The market value by the way, is currently at the $10,000 mark which could be higher few days from now. But also, backdrops are still expected.

[bL4nkcode]

If you will look and compare to the previous halving, maybe yes, price doubled 6 months after the halving ($600 on july and 6 months after -  $1.1k+ on Feb.).
So 6 months after halving this May, maybe we can get almost doubled the current price assuming it will be stable til may. But, let see, since anyone want it anyway.

[andamarina]

I don't think will happen so soon, maybe yes but only after halving, but i not have so big hopes.

[BitcoinNewsMagazine]

It is never too late to buy; but if you are not able to keep an eye on the charts to wait for the inevitable correction in this new bull market (to get the best price) just dollar cost average your buys.

[jhonjhon]

With the price almost reaching the $10,000 mark a lot of predictions have come out stating this and that but we really don’t know which one will happen and I think we will experience FOMO again because of this and with that being said, $20,000 isn’t around the corner.

[inthelongrun]

Over the years, all I can is that everything can still happen in a blink of an eye with bitcoin. It is still very volatile. We are still in early February and the price is already $10,000. So a longer bullish period can break $20,000. This is also the bitcoin halving year. So who knows?     

Bitcoin is once again in bullish mode so we will expect more experts and gurus to suddenly appear. 

[pixie85]

It can but I don't think that it will. Breaking an ATH will be a big deal because a top that started a bear market becomes a strong psychological barrier.
I expect a dump if we get close to 20.

Also many people will try to make up for the money they lost in the bear market. They won't care aboout possible future gains if thgey hold past 20 thousand. All they will focus on is to reduce the losses and exit with minimal gain.

[criza]

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

There is a high chance Bitcoin could reach $20,000 this year. I think it would reach it earlier than what we've expected because, currently Bitcoin's price is already beginning to break into the $10,100 barrier.

I predict Bitcoin's value to reach $20,000 by the month of August-September if the price of it would continue to pump gaining momentum over-time.

[lienfaye]

Anything is possible to happen in crypto so yes there's a chance.

However it would be better to have less expectation because we dont know whats on the future.

For now just buy bitcoin if you think the price will hit $20k by the end of this year.

[The Sceptical Chymist]

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

Seriously--but I guess that's what this section is all about, guesswork. 

I'd certainly say bitcoin is on track to hit $20k at some point this year, and I'll bet the halving (or at least the anticipation of it) will be a driving factor.  But as I've said before, I'm not hoping that bitcoin starts going haywire around May and I think $20k by the end of the year would be a more reasonable target.  2017 was a fun year for crypto, but the hangover was hell on wheels and I'd prefer to avoid a repeat of all that.

I expect a dump if we get close to 20.

I hate that word dump in the context of bitcoin, but I know what you're saying and I agree.  Lots of people would start cashing out if bitcoin hit a new ATH--it's understandable, of course, but the subsequent drop could be massive.

[abuya55]

Maybe. It's possible in theory. But who knows?
Some analysts predict that Bitcoin will be at $100,000, another ones tell it will fall suddenly.

[mk4]

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

Seriously--but I guess that's what this section is all about, guesswork. 

I'd certainly say bitcoin is on track to hit $20k at some point this year, and I'll bet the halving (or at least the anticipation of it) will be a driving factor.  But as I've said before, I'm not hoping that bitcoin starts going haywire around May and I think $20k by the end of the year would be a more reasonable target.  2017 was a fun year for crypto, but the hangover was hell on wheels and I'd prefer to avoid a repeat of all that.

Welp, in my defence, this thread was previously on the Bitcoin Discussion section soo yea. 

Same opinion though, $20,000 is quite likely I think due to the having hype. It can also be likely for us to retrace back below $20,000 of course after reaching ATHs. Though at the same time, $20,000 might be hard to break due to some psychological barrier with people wanting to sell near that price just to break even(from those who buy at the ATHs in 2017).

[aioc]

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

Possibly, even more, we are already halfway and it's going strong and we are not yet in the halving week a month or two before the halving we can speculate if there is a chance for another all-time high, but right now there's a big chance that we can reach $15 before the halving, this is the best time to speculate on the best price Bitcoin and other coins can get.

[boyptc]

Yes as always.

But the justification for this is that no one can tell you exactly what will be the price at end of this year. It's all about prediction and speculations.

[Oasisman]

@OP why not? See, still in the month of February and Bitcoin is beyond $10,000 already. Anything can happen, no range is impossible for Bitcoin to reach. It could consistently rise more than $20,000, and It could potentially fall below $3,000. But, let's consider this year to be bullish, brought to us by the upcoming block halving, and yes we're heading towards that price level.

I expect a dump if we get close to 20.

That's always gonna be the case, specially those quick sellers who are always itchy to press the sell button when Bitcoin reached a good figure to sell.

[Farma]

the potential is there, even large, it's just like the current conditions, the price of bitcoin is again below the price of $ 10,000. we don't know how far bitcoin prices will go up this year, but I think the potential to reach $ 20,000 is there but it's not that big. however, I believe the price of bitcoin could be above $ 15,000 by the end of this year.

[maydna]

I guess bitcoin price can cross $20,000 before the end of 2020, and the chance is big to break that price. But we don't know if that will happen this year or not because bitcoin price now still unpredictable, and we can only get ready for that time. If everything can run smoothly, then bitcoin can increase slowly, and bitcoin prices will hit more than $20,000.

From now on, we should be trying to make more and more profit in bitcoin so we can sell at the right time so we can make a big profit by selling the bitcoin. Perhaps, it will need the patient to make that profit, but if we keep trying, I am sure that we will have much bitcoin that will be ready to sell at the highest price.