History shows Bitcoin price may take 3-12 months to finally break $20K

[Yaunfitda]

3-12 months? We are already in a bull run, we are just waiting for the right timing to really get the price to another all time high. But if we are going to look at the four year cycle, 2021 is the real target or at least majority is predicting that we might not just get to $20k, but more than that, $40k-$50k is what the conservative estimates where. So let's see if the cycle will continue, at least though, at $11k today, we are just off by just a couple of thousands of dollars unlike most altcoins which is still down like 80% from their previous all time highs.

[1715233540]

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[Vatimins]

     Quite a good content you have there. To be honest, I really would love to believe such claims for it is highly convenient not just for me but for most of the people in this industry. However, as what we have seen all throughout the years, I believe that a lot would agree with me saying that bitcoins are not that easy to predict. And the reason as to why this is the case is because obviously, bitcoin n does not follow a specific order or pattern. Thus, using a pattern from the past to predict a bull run is not that good of strategy. Just saying.

[yazher]

I see this is also some mere speculation again with some information that might get real in the next months or not. anyway, we are now taking some good steps in the market where the price is stabilizing at the $11,000+ which will make it prosper in the next coming months if what OP said will gonna happen. There can be some upside down with the price in this coming months, but if it regains again up to this high, the market will soon to witness another All Time High.

[ethereumhunter]

3-12 months? We are already in a bull run, we are just waiting for the right timing to really get the price to another all time high. But if we are going to look at the four year cycle, 2021 is the real target or at least majority is predicting that we might not just get to $20k, but more than that, $40k-$50k is what the conservative estimates where. So let's see if the cycle will continue, at least though, at $11k today, we are just off by just a couple of thousands of dollars unlike most altcoins which is still down like 80% from their previous all time highs.

I agree with you because if we compare to what we see at the beginning of this year, the bitcoin price can increase so high, and even we finally see the price can touch $12k. No one knows if bitcoin price can touch the new ATH after the price is at the lowest price for a long time, and that makes many people happy to sell their bitcoin. I am sure that many people can wait for more to see the price will touch the next new ATH, whether it will happen this year or next year. I am sure that the cycle will continue to increase, and while we are still at a correction, we better to prepare ourselves for the next rally.

[jademaxsuy]

We can say that they are expert? Well they are just making the study but things will not really going to happen based in their study. As the other user had said that the main verb been use was "may" may it happen or may not. I can sense somehow that there will be really another run for good market price increase but do not really know when it will going to happen. Just make reference on their study and see to it how you may be able to use them in your decision making.

Sometimes great achievement happen when you risk something. One may end up lossing or gaining profit depending on the decision making.

[zvs]

3-12 months to finally break $20k?  OK, Nostradamus.  I hope you just spent your entire life savings buying at $11500.

.... or is this just all based on USD inflation?  I guess if you aren't investing USD, you may want to pass then.

The supply of funny money is high and anyone under 30 doesn't seem to understand basic economics.

On second thought, I rather like your prediction. It is vry astute.

That said, I think I'll seek a dowry consisting of many cattle and goats for my daughter and spend my own available funds on guns and ammunition (maybe second hand on eBay for that ammo, damn).

[fortunecrypto]

Bitcoin's price is volatile, so it is always unpredictable in the market.

I have my own pattern, but i'm not sure about this and i'm observing it. Maybe in 2021, it surpass an another ATH again because as you can see in 2016 halving and the ATH occurs in the end of 2017. Probably it can happen again at the end of 2021 which is not that impossible to happen.

We have different predictions, right now we are experiencing sudden increase in its price but that's not that good enough to say that btc will reach another ATH this year.

I'd like to believe that the market has matured and we are in a very different scenario now compared to the past halving, I don't think we are going to need 12 months at the most to reach another all-time high, after ten years Bitcoin has proven it's worth that many institutions have seen it's potential compared in the past when investors are just observing how Bitcoin will evolve in the hardest time and it did surpass their expectation.

[bonjouros]

There is a big chance that this prediction will likely to become true especially that the bitcoin price is starting to move upward already and it will take only a little push to break the $20k price. If there will be no big setbacks to bitcoin price then breaking the $20K price within 3-12 months has a big potential that it will likely happen. It will be very interesting to witness that the bitcoin will able to reach again at $20k.

[Sanugarid]

For any analyst to predict a time frame like "3-12 months" is someone who doesn't really know what will happen to that asset.

It  seems that he's not pretty sure on what is he trying to say with his prediction.

This kind of long time frame just shows how they are unsure of their own analysis and they are correct to do so as predicting Bitcoin's price by just looking at it's historical prices will just make their price prediction more inaccurate. People always compare the previous price movement of Bitcoin on it's present price movement hoping to see a pattern that was not really there in the first place. For me honestly I don't think Bitcoin can go up back up above 20,000$ this early especially if we are having a hard time to even break back up above 12,000$ just because the volume isn't really that strong to push above that level.

I set aside the history of bitcoin for my basis coz it does not tell me anything, I just conclude and conclude for what might be happening the next morning and I could not get what I wanted. Time has already changed, what you saw 2 years ago might not happen again, what we experience could of years ago might not happen again, I believe that this year and the later years will be different for the cryptocurrencies, just look outside the bitcoin.

[royalfestus]

I believe in the cycle in bitcoin as other technical analysis follow suit but I dont have any time in mind for some price movement. Since a lot of people expect the bullrun at the end of the year like in previous, it usually call me to caution cause such expectation might be very difficult to manage with profit taking. It either come earlier in 2020 or latter into 2021. I also think the cycle is getting shorter as the halving is and the bear takes more in the whole cycle

[Yamifoud]

It could be possible but I was not expecting that what happens before (history) will be happening again. Because it was pretty obvious how the market behaves differently compared before and all these changes matters also how the global market behave and so the attitude of all bag holders.

Considering that there are a lot of factors that could affect the market flow, only a slim chance to happen. The question is when to start counting that 3-12months? I'm not sure it becomes measurable in a thing that we are in a volatile market and we probably know how often it changes unexpectedly.

[Botnake]

The question is when to start counting that 3-12months? I'm not sure it becomes measurable in a thing that we are in a volatile market and we probably know how often it changes unexpectedly.

That's a good question, normally investors starts counting when the market starts to be bullish and it seems according to my evaluation, the market is already bullish now as bitcoin reached a new high after two years, so this could be a good sign that it will stay bullish going forward, especially this year.

[Vintry Dribbler 1975]

Bitcoin is struggling to break $12,000 and stay at that price for any length of time.  There'd need to be some new players (a pod of Whales?) come into the Cryptosphere and take a fair chunk of the available coins off of the market with a strategy to HODL them for three to five years.  If it were a sudden land grab, then that'd shock the market upwards, but if it was done softly-softly, then the market might not necessarily notice at first the availability drying up.

True, the price would go up (supply and demand) but not as much as a shock and awe plunder.

[Shasha80]

I'm sure no one will be able to ensure when the Bitcoin price reaches $ 20,000. So what we can do is keep trying to collect
Bitcoin from now on, so if one day Bitcoin reach the price of $ 20,000 we can get big profit. The most important thing right now
Bitcoin movement is already on the right track, and moving in a positive direction. With the stable price of Bitcoin at $ 11,000 is
a good sign, usually soon there will be a pump to the next resistance price.

[kerjakuat]

That was just a prediction but still anything can be happen in the market. Just hoping the best not the bad but still the market can be crash if the whales keep on dumping bitcoin. Bitcoin only can be pump up if the whales keep on pumping the coin then we will see the bull trend is happening.

[TimeTeller]

That was just a prediction but still anything can be happen in the market. Just hoping the best not the bad but still the market can be crash if the whales keep on dumping bitcoin. Bitcoin only can be pump up if the whales keep on pumping the coin then we will see the bull trend is happening.

In this current situation of btc market, whales are not only the contributing factor in the market price movement.
As right now, there are various factors that play an important role in influencing the btc price.
Growing adoption is one, increasing number of merchants accepting btc, big companies integrating blockchain tech in their ecosystem and others.

[LogitechMouse]

~

If we will base on the past history of Bitcoin after its 2 halvings, it took at least a year before it goes up.

I agree with this that Bitcoin "MAY" or "MAY NOT" do what Bitcoin did after its past 2 halvings. Investors are now matured compare to that many years ago. People are more knowledgeable right now and the total marketcap of the crypto is way higher than it is many years ago.

Many factors are affected with this but if we will see the investors invest more money in the succeeding months then we might see a "history repeat itself" scenario. Bitcoin will not stabilize for me. Like you said Bitcoin's price is heavily influenced by news and the sentiments of the investors so if there is a big news then probably it will go up immediately and vice versa. Bitcoin reaching the $20,000 price will be a significant one for us but it will be long and bumpy road before it will happen where we will see many ups and downs and it will not be a huge parabolic rise like what happened 3 years ago.

[crwth]

It's all a paradox but it's within our grasp to do whatever needs to be done whether you should go long or go short on the price of Bitcoin. I think the biggest struggle that people experience is that they don't fully understand the risk when trading. They could be profitable this month but not on the other. Trades are probable but it's not guaranteed to happen. I do hope for Bitcoin to have another ATH.

[kotajikikox]

Nope that is much long before we can take that position again,Once the Virus vaccine of Corona finally comes to real and the testing this
 september succed then nothing will hinder the growth of the economy again so the effect will surely take
 in crypto market.

Your report seems to be for assurance at least you won't fail since 14 months is too far and many big things may come along the way .

It's all a paradox but it's within our grasp to do whatever needs to be done whether you should go long or go short on the price of Bitcoin. I think the biggest struggle that people experience is that they don't fully understand the risk when trading. They could be profitable this month but not on the other. Trades are probable but it's not guaranteed to happen. I do hope for Bitcoin to have another ATH.

it is u to us and all the investors what is the future of Bitcoin and i support you for that mate.

How can't this market grow if we will do all our part?demand and supply surely Bitcoin will Go mooning again because the health of the market is the basis
of investors when to enter putting money again.

[lenovop-70]

I'm sure no one will be able to ensure when the Bitcoin price reaches $ 20,000. So what we can do is keep trying to collect
Bitcoin from now on, so if one day Bitcoin reach the price of $ 20,000 we can get big profit. The most important thing right now
Bitcoin movement is already on the right track, and moving in a positive direction. With the stable price of Bitcoin at $ 11,000 is
a good sign, usually soon there will be a pump to the next resistance price.

I am agree with your opinion to keep collect bitcoin from now before it is too late, this year candle is almost look like 2017 candle pattern were bitcoin will pump significantly soon, but if it not pumpin' like 2017, it is never wrong like you said above to keep collecting bitcoins as usual, because I believe bitcoin will rise and lead.