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

[Arkann]

Undoubtedly, it is very difficult to predict something in the near future, what exactly will happen in the cryptocurrency market, but nevertheless, many analysts believe that it is necessary to focus on the historical indicators of halving 2012 and 2016. After these events, after a period of 1 year, bitcoin showed the maximum value your course. Based on this, it should be assumed that halving 2020 affects Bitcoin in the same way as it did last time. Therefore, I also believe that in the summer of 2021, bitcoind can reach another historic high in price.
In addition, you need to take into account the market conditions that have developed today, including the economic crisis and the coronavirus pandemic. the depreciation of national currencies actively forces ordinary people and investors to invest in cryptocurrency, but most of all in Bitcoin.

[1715141910]

1715141910

[barbara44]

Let’s see if this halving brings as much increase as people claim it will be. I feel like this price point is at a sensitive place where it could even go down, so I am not sure if it could actually go up like people claim it will. Not saying it won't, because who am I to say bitcoin will do this or that, but I can say that we could actually do decently and that is what I am trying to guess, what happens if we are not above 20k but we are not under 10k? Is that a loss?

I feel like that is still a win. Tell me if you wake up tomorrow and price of bitcoin is 15k and it stays at around 14-16k range for one year, would you feel bad? I would actually feel awesome about it, that is big enough and good enough, I am happy with every single up from here and staying there, do not need even higher and higher all the time.

[Febo]

Let’s see if this halving brings as much increase as people claim it will be.

Halving is over and obviously was already priced in the Bitcoins price. Next halving is in 2024. Question is when will 2024 halving get priced in Bitcoins price. It should in 2021 or maybe 2022.

[aioc]

what happens if we are not above 20k but we are not under 10k? Is that a loss?

I feel like that is still a win. Tell me if you wake up tomorrow and price of bitcoin is 15k and it stays at around 14-16k range for one year, would you feel bad? I would actually feel awesome about it, that is big enough and good enough, I am happy with every single up from here and staying there, do not need even higher and higher all the time.

It depends on your entry point if you bought Bitcoin at level $7 k to level $9 k you are still good and in profit, I'm positive on the outcome of the price of Bitcoin before the end of the year, compared in the last two years, this year is different because we are in a post halving period and I don't see history going to different direction and we will not see a new all time high.

[Taskford]

what happens if we are not above 20k but we are not under 10k? Is that a loss?

I feel like that is still a win. Tell me if you wake up tomorrow and price of bitcoin is 15k and it stays at around 14-16k range for one year, would you feel bad? I would actually feel awesome about it, that is big enough and good enough, I am happy with every single up from here and staying there, do not need even higher and higher all the time.

It depends on your entry point if you bought Bitcoin at level $7 k to level $9 k you are still good and in profit, I'm positive on the outcome of the price of Bitcoin before the end of the year, compared in the last two years, this year is different because we are in a post halving period and I don't see history going to different direction and we will not see a new all time high.

Although we are in post halving still we need to be careful since the halving time from year 2017 is different compare today, we are facing a serious crisis brought by the corona virus so maybe those things or figures on our minds will not come but we can act on the current movement since the current market volatility is good earning option for us if we select to day trade for now.

[barbara44]

^I do not think that 10k-20k levels without going too high, changes according to what you got in with, if bitcoin price stays above 10k and under 20k that is still a big win in my book because if we start to think about "where did you get in" that means there could be people who bought at 20k as well when we are at 20k, does that mean we are not high? If we one day become 40k but someone bought at 45k and dropped, does that mean we are not high? If we start to think about where people got in and not where we came from, that will always result with various amounts of answers.

We should not look at the price from where anyone bought, we should look at it from the past to today and bitcoin has been under 10k for a very very long period, then went above 10k and I am happy with it, as long as it stays above 10k that is fine.

[beerlover]

I really can't believe that people really do not care about looking at the future and not the past and people think that is fine.

I mean sure if you want to look at the past please do it, learn from mistakes if you want to, however if you think one thing that happened in the past will happen again and again, you should buy bitcoin every November and sell it every December so that you can max profit, you don't do it do you? Bitcoin went from $3k in 2017 November to 20k December 2017, if same thing happens why don't you try to do that once again?

Nobody does it because we know past doesn't happen over and over again. Hopefully you will realize that this example can be applied to every single one, there is no way people could ever be actually repeating the same thing over and over.

[milewilda]

These threads had been created in 2018 and do ask out or predict that we might reach out 20k but we havent able to achieve
on 3 years time which it normally shows that market cant really be predicted out neither if you do go ahead or even going back to past on making out
analysis.
Will Bitcoin ever be 20k again? Why or Why not?
Will Bitcoin hit 20k again
Can Bitcoin Make it back to $20k ?
What will help bitcoin reach 20k again?

On a very speculative market then expect for lots of speculative threads. lol

[tippytoes]

These threads had been created in 2018 and do ask out or predict that we might reach out 20k but we havent able to achieve
on 3 years time which it normally shows that market cant really be predicted out neither if you do go ahead or even going back to past on making out
analysis.
Will Bitcoin ever be 20k again? Why or Why not?
Will Bitcoin hit 20k again
Can Bitcoin Make it back to $20k ?
What will help bitcoin reach 20k again?

On a very speculative market then expect for lots of speculative threads. lol

That's what crypto users wanted to read. How possible is that price level to achieve and when? They just want to get a lil bit of hope that we will reach the ATH again. It feels good to read those threads as you can read various speculations from everybody. So they are not tired of reading and creating similar threads.

[kotajikikox]

Unfortunately, the price still does not exceed the 12K mark. So it's hard to say what will happen tomorrow. Bitcoin is really an unpredictable thing

Incase you missed it, It did touched $12k twice. Then the expected pull back usually happens.

I believe that it is not only twice mate because this whole year 12k is just a stepping part of Bitcoin but returning back low after a while.

according to this article Bitcoin started to be expected rising to 12k since the start of This 2020

https://www.cnbc.com/2020/02/13/heres-how-bitcoin-gets-to-12000.html

And yes Bitcoin is very unpredictable that's why we're making fundamental news and predictions right here to draw closer to the next price movement.

Nothing is certain in Crypto currency investing that is why Patients is much needed here.

If Btc stabilizes at this current range, there is indeed a huge chance to make a 2017ish rally and It'll (Btc) reach new heights. The $10,000 strong support level has no indication that Btc will go near that level for now. Let's see how Btc will close out this month and how well it would open for the next 1st week of September.

Hope to come soon,and will surely happens if the Corona totally gone and people starts living normal again.


But always remember it is very rare that history is repeating itself in crypto market so let us not look from what others
 are saying but instead make our own research and perseverance if we want to make profit and stay safer.

[bitgolden]

If we break over 20k once again I will not be with you guys, I am sorry but I have lived that dropping period myself and lost a lot of money (but also gained more so I am fine, don't worry) and I have learned my lesson the hard way so I know that over 20k could be risky.

I am not saying if we go over 20k again all the same things will happen and we will see ourselves at 3-4k range once again, that was one time and it doesn't have to happen again, but also at the same time I can't say that it will never happen neither, it possibly could once again happen and that is why I believe that people should be careful about it. Which is why I will sell all my coins when we get high enough and I will start to watch it, I could lose out on possible profits but that is fine as long as I do not lose real money.