Predict the bitcoin price range as we enter the New Year

[Golftech]

I’m just genuinely curious to see the sentiment amongst bitcointalk posters. Please no trolling which includes being overly bearish or bullish. Just vote for what you genuinely think, no agendas.

Personally, I’m thinking option 4 ($12,001 - $14,000).

It’ll be interesting to see the results.

Just like yours it is $12-14k is my vote.

i am practical and won't be bullish this time because i was expecting a growth in 2021 at least middle of the year.

that amount is enough for this year to end the value of Bitcoin.

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[buwaytress]

I'm hoping Moon doesn't happen just yet. It's only 3 months away so doubtful of even what I picked (18k) but I'm wondering if US elections might have a say in what happens, regardless of who wins that one, they're going to be faced with deepening cash problems and with inflation already at an incredible 2%, might be headed for more as whoever wins will want to be populist and ask Fed to print even more cash. Not enough alone to trigger moon maybe, but 2nd wave Covid will be pushing even more desperate measures.

Can do with sub 8k prices too, but I think it's becoming an unlikely scenario unless 2020's got more shit in store for us.

[Fundamentals Of]

It must be within the $12,001 - $14,000 range in my opinion. But that's my safest opinion. Bitcoin could actually breach $18,000 from its current price right now of just around $10,800.

We are still almost 100 days left in 2020. So many things could still happen with Bitcoin's price. We have been very familiar with how Bitcoin could actually surprise us with very huge spikes during bullish days. In fact, Bitcoin has bottomed at around $4,500 in March within the year but it has also increased to more than $12,000 in August. That's a quick and big increase in just a matter of months.

[bitcoinisbest]

The results till are now are quite optimistic and 60% approx. fall in bracket of 12 - 16k range. Which is really a very good thing. Currently the biggest challenge I feel is crossing 12k levels and once it can cross we may see the upside very quickly, and might be in 12-14 k range. Hope it rises further than my expectation and closes much higher by year end closing.

[el kaka22]

People are not really sure about what the predict when it comes to going up, that is the difficult part because going up doesn't really have a limit neither. Like going down doesn't really have a limit technically speaking, it could be under 1 cent as well, it could be so cheap that 1 million bitcoin could equal 1 cent, "technically speaking", but at the same time we know that is not happening, we just know it because it is so obvious.

However going up doesn't have that, it could seriously be 100k one day, and it wouldn't really be a huge unbelievable shock, this is bitcoin we are talking about it went from 700 bottom to 20k one year, why not go from 10k to 100k as well? It could happen very easily and I wouldn't really mind being part of that bull run as well.

[okala]

We have seeing familiar patterns of 2017 with this year 2020. It seems bitcoin may moon again by December this year. The covid19 which affects most other assets did not affect bitcoin like that and most popular investors are really coming into cryptocurrencies market.

[carlfebz2]

People are not really sure about what the predict when it comes to going up, that is the difficult part because going up doesn't really have a limit neither. Like going down doesn't really have a limit technically speaking, it could be under 1 cent as well, it could be so cheap that 1 million bitcoin could equal 1 cent, "technically speaking", but at the same time we know that is not happening, we just know it because it is so obvious.

However going up doesn't have that, it could seriously be 100k one day, and it wouldn't really be a huge unbelievable shock, this is bitcoin we are talking about it went from 700 bottom to 20k one year, why not go from 10k to 100k as well? It could happen very easily and I wouldn't really mind being part of that bull run as well.

No one would really refuse if bull run happens but do consider on how much money would be needed for us to go from 10k - 100k  or even more prices? This isnt just like on that 700 bottom to 20k a year scenario.

Thats why its really important on having at least some consideration on looking up on the charts and making out some analysis.Yes, it might really be unpredictable but its much preferred on making out speculations
that are basing up on what you had analyzed.

Not just on throwing around some numbers without even checking it if its still on or off on the charts.We should be at least realistic on what we are tending to speculate.

[Oceat]

We have seeing familiar patterns of 2017 with this year 2020. It seems bitcoin may moon again by December this year. The covid19 which affects most other assets did not affect bitcoin like that and most popular investors are really coming into cryptocurrencies market.

Nah, I'm not bullish this year though since a lot has happened this year though it may look like the 2017 pattern but it's a bit different IMO. I just choose the $12k-$14k option since the pattern after the halving this year is like someone is holding the line to break the $15k resistance. I am hoping that the bull market would occur next year in maybe two to three months.

[ololajulo]

I expect the price to rather pump into the new year or stop pumping before the new, then we will see correction by January/February. The little difference that will come within the cycle can always be expected. My $14000-16000 is a conservative price for bitcoin but ethereum may still double the price from now ($350) due to the development by November, Hoarding and Defi.

[CryptopreneurBrainboss]

We have seeing familiar patterns of 2017 with this year 2020. It seems bitcoin may moon again by December this year. The covid19 which affects most other assets did not affect bitcoin like that and most popular investors are really coming into cryptocurrencies market.

Wrong assumptions here bubby. The pandemic affected all market and the bitcoin market wasn't an exception. If you recall properly the market around sometime in March this year when every other market was crashing also crashed as low as $3k. What you'll say is the the recovery rate of bitcoin price, made it seems as if nothing happened to the price this year in regards to it crashing instead it has recorded new all time highs and other bullish factors are increasing daily.

It seems bitcoin would end september in the $10k price range which is something I didn't expect as all expectations were high thinking we might record new high judging from last month when Bitcoin was trading at the $12 - $13k price range. The expectation of a new high before the year ends is still in the picture so my prediction are as follows.

@LFC_Bitcoin I'll go for $12,001 to $14,000 although before them I still do think the market will touch some lows of $10k again or highs of $9k ($9.5k - $9.8k) before we accelerate upwards to new highs of $12,001 to $14,000 which most likely will be in the new year.

[Quidat]

We have seeing familiar patterns of 2017 with this year 2020. It seems bitcoin may moon again by December this year. The covid19 which affects most other assets did not affect bitcoin like that and most popular investors are really coming into cryptocurrencies market.

Nah, I'm not bullish this year though since a lot has happened this year though it may look like the 2017 pattern but it's a bit different IMO. I just choose the $12k-$14k option since the pattern after the halving this year is like someone is holding the line to break the $15k resistance. I am hoping that the bull market would occur next year in maybe two to three months.

Same views too, i dont know where they do get that familiar patterns which is totally different wayback on that 2017.Even we are already on past halving but it doesnt really give out some good signs that we would be heading on for a bull run.No one can tell even how obvious the sentiments it but the real thing happens do unexpectedly.Some are permabulls and some a permabears which is usual thing that you can find on this
market thats why we do see lots of different views on here but we cant really avoid those people who do aim for higher level which its impossible to happen on a very short span of time.

I expect the price to rather pump into the new year or stop pumping before the new, then we will see correction by January/February. The little difference that will come within the cycle can always be expected. My $14000-16000 is a conservative price for bitcoin but ethereum may still double the price from now ($350) due to the development by November, Hoarding and Defi.

ETH talks would be on different topic but i do consider it to have some impact.Back to Btc in new years time then it might or might not move on the same pattern that we do had in previous years
but usually there would really some expectation that major movements do really happen into these times.

[eaLiTy]

If it does reach that price point, I'm guessing it will be because the stock market rises more; and as we know, bitcoin has been following the S&P500 for a while now.

If the valuation of BTCitcoin is directly proportional to the stock market by December then there is no way that the market will rise anytime soon. Trillions of dollars printed during the past several months globally and the total shut down or partial shut down of companies will have an affect on the market when it comes to stock market and the Corona wave is reappearing everywhere which is not a good sign.

My expectation is that the correlation between the stock market will break out at some point this year and we might test $15k .

[bitgolden]

I voted on 14-16 honestly because that is a logical and reasonable increase if it happens, I understand everyone who said 12-14 as well because that would be a good increase too and wouldn't be too weird, and everyone who said 16-18 is not really that far off neither, I would say 12-18 is basically the range everyone thinks bitcoin will be at the end of the year.

This shows you that if people believe on that price this much, it should also be that price at the end because it is the people that decide on the price as well. Since we are lower than that price right now, that means we have a very good reason to buy right now as well. People may not be doing it just yet, but I am sure by around November we are going to see over 12k consistently and it will stay over 12k but not sure how much over.

[serjent05]

I think Bitcoin price will be around 14k - 16k as we enter the New Year my reference is the history of Bitcoin price during 2016-2017 and 2017-2018 4th quarter price chart.    Even though the current sentiment of Bitcoin market is low, it just need a little spark to to change the mood of the market.

[pixie85]

I think that we'll stay in the 10-12 thousand range.

I'm bullish enough to discard the possibility of sub 10 thousand unless it's a momentary dip like on september 9. That one did not even last an hour.

I also find 13-14 thousand very unlikely. If we manage to break 12 for the first time since August the price is going to catch a strong FOMO uptrend breach 14 thousand.

[romero121]

If the price movement happens sa now for a long, there'll be more stability to stand high in the market. When it gains good stability the fluctuation won't be that big. Based on that we can expect the price to move within range and no big drops in a short. If this is the reality automatically the market will bounce and reach a new ATH, if not atleast around $15000 in the New Year.

[Lucius]

I really don't know at this point in which direction the price could move, because in fact it depends on how the world will react to the obviously inevitable second wave of the pandemic, which has already begun in many countries and is at least x10 larger than the first wave. A complete lockdown is something most governments don't want to do - but if there is no other choice, it will be the only way to stop the spread of the virus.

Bitcoin is not an isolated island and so far there are no indications that it will not react as it has in the past. Therefore, there is a possibility of another big drop, but also that the scenario from 2016 occurs when the price at the end of the year was twice as high as on halving day.

I am of the opinion that any price between $5000 and $15 000 should come as no surprise in the next 3 months.

[SquallLeonhart]

If it does reach that price point, I'm guessing it will be because the stock market rises more; and as we know, bitcoin has been following the S&P500 for a while now.

If the valuation of BTCitcoin is directly proportional to the stock market by December then there is no way that the market will rise anytime soon. Trillions of dollars printed during the past several months globally and the total shut down or partial shut down of companies will have an affect on the market when it comes to stock market and the Corona wave is reappearing everywhere which is not a good sign.

My expectation is that the correlation between the stock market will break out at some point this year and we might test $15k .

Unfortunately stock market and crypto has one little connection that nobody can deny, the life standard we all live, aside from that they do not follow each other. The only reason why stock market went down and bitcoin went down with it recently was the fact that stock market went down due to pandemic, not something related to stock market so bitcoin went down as well during pandemic too as you might imagine, that made sense.

However one thing can't change, if stock market collapses like 2008 because traders/investors did something wrong, purely due to their fault, that will make bitcoin go up, because bitcoin is still safe and liked and the whole world doesn't have a problem with it. Pandemic was different, they were connected by logic in that one.

[LUCKMCFLY]

Taking into account everything that has happened in 2020, I think that the mere fact of changing the year will bring good results for the market, if all this is fixed this year, if the cure for the pandemic comes out, my forecast for 2021 is of $ 18k, otherwise I think it will reach $ 12k.

[Findingnemo]

I will go with the 5th option, 14K to 16K range.Normally end of the year there will be some bullish call on the crypto market especially the halving year so I just expect the price to increase a bit further of this year's current all time high towards the end of this year.