Will Bitcoin break its previous ATH record of 20K before end of 2020?

[leea-1334]

If you realize history will repeat then it's enough for us to prepare for that moment, but if it's before the end of the year I'm personally not sure. I wonder if you have bought and hold bitcoin so far because the worry is no proper preparation to enter the bull market, so far very real changes have occurred even in times of crisis and difficulty due to the pandemic, so there is no doubt because however history will definitely repeat and of course with new higher records.

I just wish people would stop flooding Twitter and social media with all these bullish predictions, for some reason you know the market always seems to react best when there is zero good news or good sentiments.

On the other hand with all the silence in mempool for both ETH and BTC I suppose that is a good sign for us silent lurkers;)

[Fundamentals Of]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

Who knows? You and I are essentially guessing despite all the track records and patterns Bitcoin left all those years.

But it is possible that the previous ATH will repeat in the same month this year and eventually be broken right after. We seem to have all the reasons to believe that it will happen. There are large institutional investors which are now showing a lot of confidence in Bitcoin by having a good portion of their funds devoted to it.

[Fesatmas]

We look forward to it, everyone has the right to assume that bitcoin price will exceed $ 20,000. there is always a possibility based on the current conditions. The new ATH will come maybe the end of the year, or it could be in the middle of 2021. This is very likely to happen. and we will all watch it together. prepare your bitcoin pasoka from now on, sell some and the rest Hold.

[Rahar02]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

The analysts have mentioned about the bitcoin price after the halving, and yes it is possible that a bull run and hit the 20k ATH is possible.  almost the same cycle as last 2017.  Also I hope Altcoin will move up together. Im sure, many trader prefer to waiting for Alt seasson.

Bitcoin halving ensures the continuous and health of bitcoins network, the cycle that always repeated after the halving is bitcoin reaches a new ATH. The last bitcoin ATH was $20,089 on December 17^th, 2017 which means 36 days remaining until then, well the chances are quite remarkable to get at that mark. Nonetheless, bitcoin seems embedded in a sideways pattern in the last 3 days, considering RSI slightly above 50, it's neutral. At this point, this means could be a retrace back to ~$14K levels or the bullish pattern back in action again to break $16K resistance.

[Oceat]

If you realize history will repeat then it's enough for us to prepare for that moment, but if it's before the end of the year I'm personally not sure. I wonder if you have bought and hold bitcoin so far because the worry is no proper preparation to enter the bull market, so far very real changes have occurred even in times of crisis and difficulty due to the pandemic, so there is no doubt because however history will definitely repeat and of course with new higher records.

I just wish people would stop flooding Twitter and social media with all these bullish predictions, for some reason you know the market always seems to react best when there is zero good news or good sentiments.

On the other hand with all the silence in mempool for both ETH and BTC I suppose that is a good sign for us silent lurkers;)

Those people doesn't actually matter about the price of Bitcoin whether it's a good news or bad news. Only the highest influence in the market can make the Bitcoin price move just like what happened to Trump when he got Covid-19, we all know the market seems to drop heavy after the news.

Back to the topic, new ATH for Bitcoin might come next year as what the charts tell illustrated by speculators considering that we did actually touch almost $16k within this year. So I believe there will be a new ATH and Bitcoin will break a new record of ATH, we just don't know yet what price would it stop.

[TheGreatPython]

If you mean to repeat what happened, Bitcoin has broken its maximum peak at the end of the year 2016, rising above $ 1000, which means that the price must break the $ 20,000 barrier in the coming months to repeat what happened in the past.

It is hard for bitcoin to recored new ATH in this short time so bitcoin price can not be repeated every 4 years.

Actually the growth we saw earlier is not easy to achieve now because earlier the market was smaller and not that many investor, traders and holders existed. Now the market is very deep and even companies like paypal are coming into crypto so it makes the market very deep which means the rise in value of bitcoins is now not possible at the same rate as earlier.

According to the current market trend and technical analysis and there have been some remarkably aggressive buy signals in the market, so bitcoin should be able to reach $20K before the end of this year. We can't rely on emotions and feelings to predict bitcoin movement, decide it right now to buy or doing nothing, but seasonal traders who chase profits definitely buy into that with the hope to sell at $20K, we will see significant correction at that price mark.

It might but we do have some big resistances to overcome if we have to reach the ATH within this year, because those big resistance walls are not going to fall within weeks, it will take some time to come through them.

[STT]

Its still declining if we go off of the closing daily bars, that doesnt have to be bearish because its quite slight and not yet contrary to a rising trend.   It does show indecision and I find BTC quite often just drifts sideways after big moves, frustrating many who wish to speculate long or short greatly from that general ranged price.    A constricting price range does point to a break in future most likely, but this is so familiar now in price history I dont think its going resolve neatly for me just yet.
   Iam always too negative and conscious of that underestimation by myself on that count but its quite fair to observe price moves forwarding being checked.  The consolidation appears negative short term as it involves revision of lower prices, the perception being of a fall even though we just register prices over a broader time line which is not especially negative.    I only feel safe when we are in a channel, not been there for months now that I saw.

[pooya87]

there really is no fixed timeframe for these things because bitcoin price rises are greatly affected by a lot of different factors (most of which involve factors affecting the adoption). for example anything that can speed up the adoption such as countries adopting bitcoin as a currency (eg. Japan in 2017) greatly increases the adoption speed and with it the price reaches the next ATH a lot faster. on the other hand opposite things that can slow down adoption greatly decrease the speed and increase the time it takes to reach the next ATH. for example the recent pandemic panic sell or a economic crash/recession could slow it down.

my guess is that the previous ATH will be broken next year in first couple of months and within first quarter we will see new ATH around $35k to $40k and by the end of 2021 we will have the final ATH above $50k and possibly around $100k.

[maydna]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

Who knows? You and I are essentially guessing despite all the track records and patterns Bitcoin left all those years.

But it is possible that the previous ATH will repeat in the same month this year and eventually be broken right after. We seem to have all the reasons to believe that it will happen. There are large institutional investors which are now showing a lot of confidence in Bitcoin by having a good portion of their funds devoted to it.

Perhaps, that is right. But we don't know if the new ATH will happen the same as what we predict. It is too difficult to predict when it comes because bitcoin patterns will not be the same from time to time. We could only prepare for the coming of the bull run by buying a lot of satoshi from now on, so we don't miss the chance to sell bitcoin at a high price.

Perhaps, bitcoin price will touch $20k this year or next year, but to make a new ATH will still need more time. We don't know how high the next ATH, but I guess that the bitcoin price will pass $20k.

[Sayeds56]

there really is no fixed timeframe for these things because bitcoin price rises are greatly affected by a lot of different factors (most of which involve factors affecting the adoption). for example anything that can speed up the adoption such as countries adopting bitcoin as a currency (eg. Japan in 2017) greatly increases the adoption speed and with it the price reaches the next ATH a lot faster. on the other hand opposite things that can slow down adoption greatly decrease the speed and increase the time it takes to reach the next ATH. for example the recent pandemic panic sell or a economic crash/recession could slow it down.

my guess is that the previous ATH will be broken next year in first couple of months and within first quarter we will see new ATH around $35k to $40k and by the end of 2021 we will have the final ATH above $50k and possibly around $100k.

Well said. My forecast that it might break ATH before the year ends, is based on Technical charts which suggest that if BTC breaks 17,000 the it won't take much time to break 20,000 ATH record and current market trend is Bullish. Secondly, the Intuitions are making huge buying which is evident from growing trading volumes of all major exchanges.

[smyslov]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

History always repeats itself but on Bitcoin's all-time high it's not going to happen this 2020 this is just my opinion and I based it on how the market price moves for the last 5 months the price is not moving dramatically like a huge 10% or more pump, movement is just 1 to 4% and I believe this movement will continue until the end of the year, and we'll see if there are changes in the first quarter.

[Ridwan Fauzi]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

There is no one who will know about it, they only have a prediction but their prediction only have 60% to happen. There are so many factors that can make bitcoin price up and down even its in an uptrend market, like a few months a go we already knew that bitcoin price in uptrend market but there is a situatiom that can make bitcoin price down a lot.

And, it can happen now, we know since last week bitcoin and all crypto currency market are in a good trend market. The situation that was affect from coronavirus made the government spend a lot of money to help the people and it can make the fiat price fall and make bitcoin price up. But, who knows this situation will run.

But I have a prediction for bitcoin price for the end at this year, yeah its price will only touch $17.000 before this year end.

[judaspriest]

History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.

The analysts have mentioned about the bitcoin price after the halving, and yes it is possible that a bull run and hit the 20k ATH is possible.  almost the same cycle as last 2017.  Also I hope Altcoin will move up together. Im sure, many trader prefer to waiting for Alt seasson.

That's right, I'm also a trader, I'm waiting for the altcoin season to arrive,
before the Bitcoin price goes to all time high, we as traders can only hold and accumulate altcoins,
because this patience will produce sweet results.

[livingfree]

That's right, I'm also a trader, I'm waiting for the altcoin season to arrive,
before the Bitcoin price goes to all time high, we as traders can only hold and accumulate altcoins,
because this patience will produce sweet results.

Usually, altcoin season comes after the great bitcoin bull run.

If you can wait for that moment to come then you need to witness first the bull run for bitcoin. And as much as possible, don't miss out on that moment for bitcoin and hold it together with your altcoins.

It's not only altcoins that you can hold and accumulate, apply it to bitcoin as well.

[Reid]

History always repeats itself but you never know when it does.

Found the answer within the statement. 
"You never know when it does."
That's it. There is no accurate answer to the question.
As of the 20k ATH mark, I doubt it might happen now. Don't get me wrong though.
 I want it to reach that number as soon as possible to let those who bought at that time sell their bitcoins and maybe we can erase more panic sellers. 

[Febo]

Last two bull market peaks were in November. In 2013 and in 2017. To expect something similar this November is a bit of a stretch. Yes you are talking about of ATH and not the bull market peak but still. Many expect Bitcoin to do well at end of years exactly because of those two years. If we go about repeat itself we should expect good year for Bitcoin at end of next year.

[SquallLeonhart]

With the current rate that we have, I believe Bitcoin could reach a higher high than in 2017. We will never know unless we are there. Many companies are switching to Bitcoin to keep their funds and possibly profit in the long run. A lot more companies would probably follow, and if you would be lucky enough to have bought earlier, it would already be a profit. It's a win already.

Just make sure you are ready to risk what you can afford, and then, you would be happy when you profit, and there will be accepted when you lose. Let's see the price soon. 

Before the end of the year seems possible but it also looks like it may not happen at the same time. I understand we believe bitcoin is on the rise and we have broken over $15k which we haven't done in a loooooong time, even on the peak of 2019 which was very high, we didn't break over $15k so I understand why people think that we are doing awesome.

However just because we "did" awesome so far, doesn't really mean we will continue to do awesome, I agree that if we continue to go this way we are going to do very well, but I also realize that we may not go this well forever, which means it will have to end one day. Maybe it will end after we peak over $20k, maybe it already ended, or maybe it will be 50k+ before it ends which is why I say we don2t know when this rise will end and when is our last stop (for this run at least).

[slapper]

I do not need to predict an exact time when bitcoin surpasses its all time high. No need to be before 2020 or early 2021. But if we keep this momentum, we will not just surpass it, $30000 is an possible target

But who knows. Bitcoin has performed outstanding this year. There are 2 months left before we start a new year. It was nearly $3000 and now it has mutiplied to 5 times. We still have a great chance to see bitcoin reach its ATH in this year

And there is also a chance for a big correction. Nothing ensures you that bitcoin will continue to go up on tomorrow. Always prepare for the worse. That is how a smart investor does. If there is a reward, there will also be a risk.

[carter34]

And there is also a chance for a big correction. Nothing ensures you that bitcoin will continue to go up on tomorrow. Always prepare for the worse. That is how a smart investor does. If there is a reward, there will also be a risk.

It is a good advise here just as many invested when correction was ready to happen. Investors now could be looking at December target for the yearly profit as in last ATH but this year is not convincing to happen.

[bitgolden]

Even if we can't break before 2020 ends, we could wait a bit more can't we? I mean I would suggest not buying from here because we are already very high and would suggest everyone to wait a bit until we get down a bit in order to make some profit, but if we are not doing that and still buying, at least we could wait a big longer.

Right now price is $15k+ and that means we need to stay above that at least to make a profit, I believe $15k+ will not be rare in the future so even if 2020 doesn't bring you profit, 2021 will and even though it is highly unlikely that 2021 will never be above $15k, 2022 will certainly be. So just buy and hold, the longer you hold the bigger possibility that you will have a profit and $20k+ price, we don't know when, maybe in a week, maybe in a year but it will happen for sure.