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

[Gotumoot]

Well it may or may not really break $20K but there is always hope for everything.
For me it doesn't really matter if it breaks $20K or not the important thing for me is that it wouldn't go below $8K again.
I would be happy as long as it would stay above the price and have a slow steady growth.

[1714205723]

1714205723

[1714205723]

1714205723

[1714205723]

1714205723

[jekanmasin]

The history also told us not to believed 100% at the history of bitcoin as the price is very volatile and can be easy to changed overnight. So there was no guarantee at all the history can be repeated but it also doesnt be impossible to be repeated. Its just to risky to trust blinded over the history. 

[MCobian]

If you look at the current stable price of Bitcoin, I doubt that in 3-12 months it will reach a price of $ 20,000.
But more realistically, I think Bitcoin will hit a price of $ 15,000. Actually it doesn't matter how much Bitcoin
wants to rise, the most important thing is we must have large amounts of Bitcoin. Because it would be a waste,
if it turned out that Bitcoin was finally pumped, but we don't have a large amount of Bitcoin. so the best step
right now is to collect as much Bitcoin as possible, according to the abilities of each person.

[AakZaki]

~snip~
There's really a chance that it could up within a year to $20k while we're discussing it but, as usual, it could also be that low as it's volatile.

$ 20k in one year just might happen. many predict 2021 will be a good year for Bitcoin.
But getting to $ 20k will certainly be a lot of hurdles in hadaoi. It will not be possible for Bitcoin to rise so easily, there will definitely be a price correction made. It can even go back to the $ 3k price it was before. It's all because of the very high votalotas of bitcoin, as well as a lot of speculation made by whales for their own interests and profits.
We'll see how much bitcoin will go, we can only monitor and occasionally join in the market euphoria.

[Kelvinid]

That was short, it seems too possible seeing the market will recover that fast during this time and not even before.
We have reached $20k last 2017, we are now in 2020 (3 years pass already) but the situation is showing not enough to make that reached again.

The same with the others, you can't expect that the market will show the same as before. They are just history and a fewer chance that it happens again (and probably not)as every day will have changes that influence the market trend. Volatility makes it change and we not in control of the situation, therefore, we stop assuming that it happens again.

[Kemarit]

I think this is a safe prediction, I mean if we didn't hit all time high for this year, then obviously, the next 12 months (2021) will be the target wherein we might be able to reach all-time-high and it will still align with the 4 year cycle which most bitcoin enthusiasts see on how the bitcoin market works, boom and bust, cyclical nature.

It's just a question on what numbers are we going to see next, others are saying as far as breaking six digits based on the S2F model.

[plr]

Your analysis could be right we are four after the halving and yet the price is in $11800 k level this is a good price compared to the first three months after the halving, we are doing great I'm satisfied on the movement as long as their is no huge price drop if your analysis turns out to be true then the first quarter of the year is the year when we will break the $20k level, I hope it will be earlier.

[$crypto$]

Well it may or may not really break $20K but there is always hope for everything.
For me it doesn't really matter if it breaks $20K or not the important thing for me is that it wouldn't go below $8K again.
I would be happy as long as it would stay above the price and have a slow steady growth.

Bitcoin will stay at 11.5k or even more, but what I'm worried about is that when the price starts to get higher, the transaction fees are getting bigger, how about small traders, of course this will be very difficult especially with the Ethereum blockchain which can reach $ 5 more per transaction, maybe also because traffic on the network so the cost is more expensive.

It looks like this trend will take longer to see developments in the market continue to pick up and bitcoin for me is unlikely right now will fall to 8k, but it is likely that it will happen again in the future.

[Eugenar]

Bottomline is no history could tell when will the market be again at its peak because this market is naturally volatile. Many people in this industry are expecting for a comeback this year. Due to the sudden increase lately, many investors are expecting for a huge increase at the present. But as I have mentioned, no one really knows when will the market price increase and how high will it be every year. We have no choice but to hold and patiently wait rather to sell just because the market price stabilized at a certain point and that there is a tendency for a sudden downfall.

[STT]

Sounds alot like my view, we are cycling here and once again back to lows we saw not long ago.   The overall context is its the lows of an upper range so remains bullish but we approach the 50 day average and must confirm support I think first before we can rise properly.



Blue line is 50 day average, I'm not negative but I dont believe in fairy tales either.  We have more work to do before larger numbers, I think thats the sensible view and it can take the rest of this year for sure.

[coin-investor]

No one knows will btc break 20k again in this run or not. We already stucked between 11-12k range and this getting dangerous for furhter growth

I don't see any danger that we will go down further the $11 k level we are ok even if we are moving slowly all I know is the market is doing good during this hard times and I have high hopes that next year Bitcoin will be doing great, even more, the year 2020 is a preparation for the best that is going to happen this year.

[bitzizzix]

No one knows will btc break 20k again in this run or not. We already stucked between 11-12k range and this getting dangerous for furhter growth

I don't see any danger that we will go down further the $11 k level we are ok even if we are moving slowly all I know is the market is doing good during this hard times and I have high hopes that next year Bitcoin will be doing great, even more, the year 2020 is a preparation for the best that is going to happen this year.

It seems that every time approaching the turn of the year there will be predictions that the movement of bitcoin will increase significantly at the end of the year or throughout the next year.
everything is just repeated predictions which are not necessarily correct, what we have to realize is that bitcoin can suddenly turn things around in drastic ways and letting bitcoin move as it is is a wise choice and most importantly we can buy it when the price is low and resell it when the price is ride.

[Quidat]

No one knows will btc break 20k again in this run or not. We already stucked between 11-12k range and this getting dangerous for furhter growth

I don't see any danger that we will go down further the $11 k level we are ok even if we are moving slowly all I know is the market is doing good during this hard times and I have high hopes that next year Bitcoin will be doing great, even more, the year 2020 is a preparation for the best that is going to happen this year.

It seems that every time approaching the turn of the year there will be predictions that the movement of bitcoin will increase significantly at the end of the year or throughout the next year.
everything is just repeated predictions which are not necessarily correct, what we have to realize is that bitcoin can suddenly turn things around in drastic ways and letting bitcoin move as it is is a wise choice and most importantly we can buy it when the price is low and resell it when the price is ride.

And bitcoin did really prove it out that history cant really be repeated on the way where majority is been expecting or anticipating.I cant really blame out people to have those kind of
impressions because bull run did happen in the last months of that 2017 year which means you would really have the assumption that it might happen on the next year but what happen on year
2018-2019? The price did still able to remain low its ATH and didnt really make any significant movement but this year it do somehow shows some interesting stuff but doesnt mean
that we would be heading there on the end of this year.

[shoreno]

And bitcoin did really prove it out that history cant really be repeated on the way where majority is been expecting or anticipating.I cant really blame out people to have those kind of
impressions because bull run did happen in the last months of that 2017 year which means you would really have the assumption that it might happen on the next year but what happen on year
2018-2019? The price did still able to remain low its ATH and didnt really make any significant movement but this year it do somehow shows some interesting stuff but doesnt mean
that we would be heading there on the end of this year.

is there any big bull runs before the 2017 ath bull run happen ? because  people wont expect by that time if there isnt any  but now that big bull run did happen on the year 2017 , people are now expecting for it to repeat .

  no big bull runs happened so far but there are smaller bull runs that occur by this year , ill still consider that as history repeats itself .

[Reatim]

Well it may or may not really break $20K but there is always hope for everything.
For me it doesn't really matter if it breaks $20K or not the important thing for me is that it wouldn't go below $8K again.
I would be happy as long as it would stay above the price and have a slow steady growth.

Why afraid of Dropping to $8000 level again?when you seems to be a Holder?It is better to fell again because we cannot break the $13,000 barrier then lets add some more right?
this is How i see market if you cannot profit then add more if we talk about Bitcoin as i have tried this for couple of times before.

[exstasie]

I think this is a safe prediction, I mean if we didn't hit all time high for this year, then obviously, the next 12 months (2021) will be the target wherein we might be able to reach all-time-high and it will still align with the 4 year cycle which most bitcoin enthusiasts see on how the bitcoin market works, boom and bust, cyclical nature.

As a contrarian trader and investor, that's what bothers me. It seems to be a very popular opinion. From a technical point of view I also see 2020 as a parallel for 2016, which puts the parabolic bubble next year, not this year. But the fact that so many people are thinking the same thing and citing the 4-year cycle gives me pause.

Maybe BTC front runs the cycle this time....

[el kaka22]

Let's not rely on history all that much, sure that is telling us something but it is not telling us the whole story, I would rather wait for it to happen than I would assume history will repeat itself.

Sure there is a possibility that bitcoin could go very high because let's face it the miners are not going to make this much money from the transaction fee's for too long, last time they requested this much and they didn't give up, people literally found a way to cheapen it and making it faster, a lot of miners have given up on mining because they are not making enough and rest of them are cutting back on power because let's face it they are already making money and if they use more machines they would make about the same from rewards yet miss out on fee's.

So, I am sure one day fee's will get lower again somehow (maybe LN) and at that point miners will focus on making bitcoin more expensive.

[Saisher]

Because of the recent drop of the market I'd like to believe now that it will take some time before the market break into the $20 k level, it's not going to be an easy climb for the next two months, and expect a dip or a drop from time to time, the market is either an opportunity or big loss whenever this is a drop, so follow the golden rule of only invest what you can afford to lose.

[jostorres]

I do believe bitcoin could definitely go up and will go up and break over $20k but I do not think that we should be looking at historical movements to decide the future prices. We have talked about this here extensively, there are people who take a look at history and decide on the future and there are people who think that is wrong, I am one of the ones that think that is wrong.

Bitcoin is not something that you could actually take a look at the past, see something happened before and that is why you think same thing will happen again which will result with the same results in the end. Sometimes bitcoin has something, reacts one way and it happens a few months or years later and reacts another way, we can't just assume that it would result with the same thing again and again.

[stomachgrowls]

Let's not rely on history all that much, sure that is telling us something but it is not telling us the whole story, I would rather wait for it to happen than I would assume history will repeat itself.

Sure there is a possibility that bitcoin could go very high because let's face it the miners are not going to make this much money from the transaction fee's for too long, last time they requested this much and they didn't give up, people literally found a way to cheapen it and making it faster, a lot of miners have given up on mining because they are not making enough and rest of them are cutting back on power because let's face it they are already making money and if they use more machines they would make about the same from rewards yet miss out on fee's.

So, I am sure one day fee's will get lower again somehow (maybe LN) and at that point miners will focus on making bitcoin more expensive.

You cant blame people not to presume things that would happen in future by just looking at on what happened in the past.Some might care and some wouldnt really just tend to

look back.It varies into each individual thats why we do see lots of threads saying that price will break ATH or would go even higher or the price wont reach ATH anytime soon.

Point here is that no one on this market can really make that preceise prediction. Even on tomorrows price is already unpredictable.

“The fun part is that this cycle will, probably, take longer than the previous one. However, it will be more insane than the previous one. I like it.”

Typically, a prolonged period of stability for Bitcoin has led the altcoin market to perform strongly. Kelvin Koh, a partner at Asia-based cryptocurrency fund Spartan Black, hinted it could buoy the sentiment around the altcoin market.

Analysis like these are lots in the market about technicals and other sentiments. Its common that they will presume but how they do determine that the next cycle would be more longer?