BTC is getting ready for 20k again

[lienfaye]

Bitcoin's growth recently seems an indication that we are in bullish market already. The price is moving upward though there's a correction (which I think is quite normal) but still it manage to break the resistance of $14k value and now its over $15k. I remember the last bullrun also happened in the last quarter of 2017, history can repeat itself and we might reach the ath again or even better if we can surpass it.

Though its just a speculation, there's nothing wrong if we assume its gonna happen. Anyways this is a good scene to those who bought their btc at low price, they probably enjoying the profit of their investment.

[Ayiranorea]

Market of bitcoin reaching $20k will happen, but we should not keep hold expecting the same. The market can crash as well as pump anytime. This is why we don't have any expertise to predict the exact outcome of price. Whether the market is bullish or bearish it used to move away from the prediction which is the reality with bitcoin. During the previous bull market the price movement took place almost in the same manner, based on the same we've got more chances of hitting $20k soon.

[michellee]

It still needs more time for bitcoin to reach $20k because bitcoin now seems to make a correction for a little down. But the opportunity for bitcoin to reach $20k still wide open, and it could touch that price in this month if bitcoin has more power to increase. Maybe the price can break $20k at the end of this year or it still happens in the next year.

We don't know if the election cause bitcoin price rise higher in just one or two days, but even if that is because of that, we are happy to see the price rise higher. The price now is at $15,600 level and is still trying to increase slowly, and I hope that we will see $16k in this week.

of course the increase in bitcoin is beyond the original prediction because it is estimated that the increase will only occur at the end of the year at a price of $ 15K and will continue until next year which is expected to reach its peak and exceed 2017.

but currently bitcoin continues to increase and surprisingly it is also not accompanied by altcoins that usually follow the rise of bitcoin. seems like it's a bit late for the altcoins to make the move.

It is a good sign for us to see the new ATH after halving, and I am sure that many people are making a good profit from the increase. We can wait for more to see the price will start another rally, and I am sure the price will exceed a peak in 2017-2018.

The altcoin will follow behind bitcoin, and if you check on the market, ethereum as the other big altcoin trying to break the other high price, and ethereum price now can pass $400. Sooner or later, ethereum and other altcoins will break the highest price and will get the new ATH.

But you need to be patient and careful because behind the increase in the price, there will be a decrease in the price, giving us a chance to buy back the coins and sell it again at a high price.

[LUCKMCFLY]

I think only one thing, if Bitcoin rises to $ 20k per share as a result of an election in the USA, this is an excellent Pump, but is it a move prepared by the strong hands? maybe not, they maybe have their moves set up most likely to keep bitcoin going much higher. The elections are a Fundamental, but the normal movement of the market is another thing, perhaps we will see that the bitcoin will rise much more than $ 20k if only if the confirmed bullish trend occurs or begins already.

However, if a certain character wins, I know that bitcoin will take a huge leap, but if not? what scenario could be seen? Will the price stay? go down to?

[barbara44]

Everyone is acting like $20k is a given thing just because we broke over $15k, I do not understand where the confidence towards bitcoin comes from, I love bitcoin myself and have always been an investor but I do not trust it as much as you guys do with the short term gains. Basically I do believe that bitcoin will move beyond $20k without a doubt, that is not even a question of "will" bitcoin reach above $20k because I know in my gut that it will go over $20k one day, but I am not like you guys and I can't guarantee something like that in short term.

I could say that it could happen in the next few years, that is a realistic and definitely believable approach, but if you ask me what is going to happen in the next 1 month? I would not be able to tell you the answer for that.

[daarul50]

I think only one thing, if Bitcoin rises to $ 20k per share as a result of an election in the USA, this is an excellent Pump, but is it a move prepared by the strong hands? maybe not, they maybe have their moves set up most likely to keep bitcoin going much higher. The elections are a Fundamental, but the normal movement of the market is another thing, perhaps we will see that the bitcoin will rise much more than $ 20k if only if the confirmed bullish trend occurs or begins already.

However, if a certain character wins, I know that bitcoin will take a huge leap, but if not? what scenario could be seen? Will the price stay? go down to?

The election is almost over and biden is the pne who won it.
We can now see the market looks has no passion to grow anymore and simply stalled.
As other people say that the election has nothing to do but still for me there is someome who rely on election to gaim confident in acquiring bitcoin.
Here is the proof that the election near to ended and the price of bitcoin follows near to end the rally to 20000 usd?
I am not sure , but looks like it has the same line , same path as the election.

[sayaya17]

Now btc priced at $ 15,518, but I’m not sure if the election in America could make bitcoin price go up beyond $ 15k. Apart from that, there has been a lot of positive sentiment from the past few months, triggering bitcoin prices to rise upwards.
If you look at the current price of bitcoin, it will probably be very easy to hit $ 16k this month or even surpass that price.
Moreover, the mass adoption of crypto widely known in the world community, even though the price of bitcoin will quickly fall drastically, investing in bitcoin is still considered a money mine. The proof is with the increase in bitcoin from several months ago until now, many investors have benefited.

[ethereumhunter]

After this increase in bitcoin price, I am not sure if bitcoin is getting ready for $20k in the short term. Maybe the price will increase slowly, and make many corrections of the price, so we could not predict if the $20k will coming in this year or next year. But the price can reach more than $20k in the future, and all we have to do is just following the journey and enjoy the ride. And while we do that, we can try to buy low and sell high, no matter if the price will be up and down many times.

[Oasisman]

Now btc priced at $ 15,518, but I’m not sure if the election in America could make bitcoin price go up beyond $ 15k.

I guess the US election has a strong influence with Bitcoin today. Though the gradual surge had also influenced by PayPal's hype.
If Biden will successfully win this election, I'm guessing there might be another surge. It's just so surprising Btc didn't fell down back to $14k after It reached $15k, instead It kept on rising. That might be an indicator that Btc's price surge ain't done yet.

[Becky666]

Impressive performance from the past couple of weeks is this the effect of American election?
BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

The pump happens after Biden showing that he is winning, is there a relationship to the US election that we are having a big pump, it's been quite some time that we have something like this, if this is the start of the bull run then I don't see it going down again before the year ends and it may end up in $18 k.

For Biden electing to be US President doesn't have any relationship with the current pump in the price of Bitcoin, remember, Bitcoin is decentralized and not even the world powers can influence bullish thread in Bitcoin. As for this moment, the price of Bitcoin can't be determine by the recent upsurge in it price, anything can still pretty much happen along the line before this year 2020 runs-out, but, let hope for a better ending of 2020 because it's been long-time we experienced bullish like this.

[buwaytress]

Was actually expecting to wake up to see 16k today, but see that it hasn't tried to test it again since yesterday, though most people will be happy to see it seemingly solidifying around 15500. Think we can't write off the Sunday bulls either (miss them guys?).

Not a bad time for a breather before taking on 20k. Going to need some long weeks above 15k first though!

[carlisle1]

Impressive performance from the past couple of weeks is this the effect of American election?

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

Well actually BTC broke the 2 new Highest value just this past weeks first is $14,000 in which we seems to be praying for long and then just couple days ago we finally take the $15,000 price in which gains momentum specially for those long time holder that has been trapped from the Dump last march.

Market of bitcoin reaching $20k will happen, but we should not keep hold expecting the same. The market can crash as well as pump anytime. This is why we don't have any expertise to predict the exact outcome of price. Whether the market is bullish or bearish it used to move away from the prediction which is the reality with bitcoin. During the previous bull market the price movement took place almost in the same manner, based on the same we've got more chances of hitting $20k soon.

Actually this is more for those Holders that capable of waiting and risking ,because even what happen they will still keep the coins and never release for the sake of panic or rush selling.

[XCANA]

The excitement is very much in the air right now, becasue we have  seen what we did asked for in the past. For getting into the $20k zone should be imminent but nothing seem impossible with Bitcoin especially when the bulls are around the field to play as usual. The beauty about the present movement in Bitcoin price is that, we might see a higher point if this resistance at $15.8k is broken, although is nice be around the $15k just for my liken.

[coin-investor]

Impressive performance from the past couple of weeks is this the effect of American election?

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

Time is running out if you talked about $20k this 2020, it will not happen it's still $5000 before we hit the $20k mark, we are lucky if it hit the $18k before the year-end, but overall things are looking great we should be thankful that in this extraordinary times the market managed to recover, even surpass our expectation.

[Ridwan Fauzi]

Indeed, that is another factor why bitcoin price increase, as we may know previously the PayPal accept bitcoin to be used by its user, and after the announcement bitcoin surge slowly. And after that, the US government announced that they will make another stimulus to help their people but it hasn't happened until now because they will give the stimulus after the election.

Hopefully, the current uptrend market is not ending quickly, we still have a good fundamental and waiting for the stimulus to be given because this thing will make the DXY will fall and many people will choose another place to store their money and of course some of them will choose bitcoin. If that happens, we may hope the previous all time high can be passed and find another all time high and make a new record.

[deisik]

Time is running out if you talked about $20k this 2020, it will not happen it's still $5000 before we hit the $20k mark, we are lucky if it hit the $18k before the year-end

This is called recency bias

Your intuitions (otherwise known as gut feelings) are basically telling you that it will require as much effort to climb from 15k to 20k as it took from 10k to 15k. But this doesn't mean anything. Some top dog may enter the fray, buy a bunch of bitcoins, and look, we are at 20k overnight

On the other hand, another top dog could all of a sudden dump as many bitcoins, and we are back to 10k as fast, if not faster. The price fluctuations are quite random to you (unless you are one of those top dogs, of course), and most of the time your gut feelings would be proved wrong. When not proved wrong, that would be a coincidence

[bitbunnny]

I would be very careful with predictions for Bitcoin price going all the way to 20000$. There is potential and although the now we see upward trend there is also slight correction visible today
In the next period Bitcoin price might overcome that and continue to go up but it might also go deeper into correction and get back to 11000$ or even lower.

[plr]

It will be ready when it the $18 k mark, it's still uncertain on the $15 k mark just the other day it reached the $15 k mark only to fall down today $14800 mark, not momentum to bridge the $16 k mark the highest mark that Bitcoin will reach for this year judging on it's movement is $18k and all time high will happen next year.

[Twinkledoe]

It will be ready when it the $18 k mark, it's still uncertain on the $15 k mark just the other day it reached the $15 k mark only to fall down today $14800 mark, not momentum to bridge the $16 k mark the highest mark that Bitcoin will reach for this year judging on it's movement is $18k and all time high will happen next year.

But reaching the $15k mark is already a good signal that we may be heading to another $20k level again. We still have about couple of months before this year ends. And in crypto, that's a long way to go. If we ended up about $17 at the end of this month, the possibility of going to 20k is not very far. Despite of the pandemic, bitcoin is really moving forward. I hope adoption is continuously increasing and more popular companies getting on board to include bitcoin or crypto in their payment system.

[michellee]

It will be ready when it the $18 k mark, it's still uncertain on the $15 k mark just the other day it reached the $15 k mark only to fall down today $14800 mark, not momentum to bridge the $16 k mark the highest mark that Bitcoin will reach for this year judging on it's movement is $18k and all time high will happen next year.

Maybe this time, the bitcoin price makes a correction by going down to the lower price. But I am sure that it will happen quickly, and in the next week, the price will start another rally and reach the new ATH before the price can have the bull run moment. When the bull run comes, the price break the $19k barrier, and the price will make the highest price that we can not imagine before.

I think the price is in the sideways mode that we always have seen before, and we don't know if the price will be down or up. We need to prepare for anything that can happen, and if the situations change, we can use the other strategy that will use for the current situation.