Bitcoin will touch the high price in 2020?

[Chrystora123]

snip..

2020 is only 4 months away and in the last few weeks Bitcoin price has been moving steadily around $ 11k.  I just predict Bitcoin will not make all-time ATH in this year.  next year Bitcoin is sure to set another ATH record, maybe over $ 25k..

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[Saisher]

This time all the world market are in crises and also the crypto market but as my predictions that this time crypto market will make a great bull in the market becasue so many countries will soon legal the Bitcoin in their countries and the investment will start in this way in the crypto amrket so much fast.

Bitcoin will touch the high price in 2020?
 25,000$
 33,000$
 50,000$
 100,000$

I doubt if $25 k is still attainable we are four months away and the movement is not really changing the paced is slowly, we all want to have another all time high as a gift for us during this pandemic but we must accept what we are seeing in the martket, our only consolidation is we are headed with a lot of hope this 2021.

[blckhawk]

Maybe not this year but if it pumps at $15k probably there's a chance. $25 was too high to achieve right now looking on the movement right now makes me doubt to make it. Though the use of cryptocurrencies is now being somehow encourage due to the situation we were right in, still this won't be enough.

Note: This is just speculation made by me and we know how unpredictable the crypto market is. Everything is possible so stand by and just watch in case of changes happen.

[bitzizzix]

What we have to realize is that bitcoin price swings can reverse things in unexpected ways, and to reach an OP price which I think is impossible because 2020 has 4 months left.
and currently the price of bitcoin is approaching $ 12,000 and to reach the price of $ 15,000 there is a possibility that it will happen at the end of this year and it will continue to rise gradually and we will see the next bitcoin movement and hopefully it will continue to increase to reach the highest price.

[plr]

We'll see if that's going to happen on the month of November if the price by then reaches $17 k there's a possibility of another all time high before the end of the year, all my hopes are on 2021 I just follow the last halving price movement prior to the all time high and the probability of this to happen will be on the first quarter of the year.

[KTChampions]

Bitcoin block reward halving would have been a driving force for the bitcoin price if the same situation was present 1 year back, for now it isn't the bitcoin block reward halving, it is something else. It can be due to the DeFi tokens that are attracting so many investors and once they are done with their investment in the DeFi tokens then they have to keep their money safe in a safe heaven and it is always better to keep your money in bitcoins than in any other token. It can also be the stock market money coming in cryptocurrencies as already stock market is in profit and bulls are really driving up the prices so the excess money is coming in cryptocurrencies.

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

[Zemomtum]

The way the 12000- 12500 USD has been rejected so many times, I doubt if we will experience any all-time this year. Most people are shifting into DeFi and it seems o be the one gaining attention for now.

[STT]

I'd say its 50/50 still because of the weak dollar and how that can bring in new funds to inflate us to the highs.   I'd normally expect us to retract, consolidate support lower or recheck prices however you like to view it but this year has been exceptional in moves by the FED.
  The reason why upwards is still possible is there isnt a grand amount of volume to overcome, most of it is in this area really.

[KTChampions]

It seems to me that volatility has increased sharply against the background of falling volumes, or am I mistaken? Anyone have any exact details? If so, then a deeper fall awaits us, although upward shots are possible (for whales, they will be quite cheap if liquidity in the market has fallen).

[Raflesia]

Bitcoin block reward halving would have been a driving force for the bitcoin price if the same situation was present 1 year back, for now it isn't the bitcoin block reward halving, it is something else. It can be due to the DeFi tokens that are attracting so many investors and once they are done with their investment in the DeFi tokens then they have to keep their money safe in a safe heaven and it is always better to keep your money in bitcoins than in any other token. It can also be the stock market money coming in cryptocurrencies as already stock market is in profit and bulls are really driving up the prices so the excess money is coming in cryptocurrencies.

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

If a decline like in March I don't think it will happen right now because I am sure that with the Defi trend, many people are taking advantage of it and yes, the market capitalists are swelling, but how about the price of bitcoin that happens to be a correction and help it to go up then decline it will not happen so the altcoins will survive as well as they can now, but what I worry about is the prolonged bearish trend and the trend is over then we will be in a phase like we used to be again.

[KTChampions]

Defi reminds me of a very dangerous pyramid. With a sharp drop in value, automatic sales of tokens/altcoins occur and this entails a further drop in the value of assets. At the moment, the capitalization of this segment of the crypto market seems to be too bloated, I'm afraid that events like March drop have a very high probability of recurrence.

If a decline like in March I don't think it will happen right now because I am sure that with the Defi trend, many people are taking advantage of it and yes, the market capitalists are swelling, but how about the price of bitcoin that happens to be a correction and help it to go up then decline it will not happen so the altcoins will survive as well as they can now, but what I worry about is the prolonged bearish trend and the trend is over then we will be in a phase like we used to be again.

At the moment, the situation is developing in exactly the way that I fear. And it seems to me that with every hundred dollars down, the probability of a sharp failure grows very much. I do not know how quickly the upward rebound will occur (it is good if it will be like in March), but at the moment I would try to protect my savings from a sharp downward movement.