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

[Sayeds56]

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.

[1714965020]

1714965020

[sheenshane]

I think this should be posted on the Speculation board.

It could be yes or could be no, no really knows what will happen to the price of Bitcoin at the end of this year.  Repeat the price itself was a long time rumor that will happen again.  But I have a strong feeling that it will be, we had currently broken and resist the highest price in the market cap $15k last few days ago and I think $20k is very possible to happen. 

Let's see and wait, people now are very optimistic that there's a new ATH will happen beyond $20k.

[hoaryal1]

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.

I really dont care, I just like what he is doing right now, enjoy this, sell some and keep lean back and enjoy this amazing time

[bL4nkcode]

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? Bitcoin might be or not for the year 2020, but that doesn't mean it will not increase next year or in the next next year or so.

Even we didn't say "history always repeat itself" bitcoin will always be since it was designed as a limited resource and with the law of supply and demand, we can assume it will tank high in more years to come. The only question is when.

[Sayeds56]

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? Bitcoin might be or not for the year 2020, but that doesn't mean it will not increase next year or in the next next year or so.

Even we didn't say "history always repeat itself" bitcoin will always be since it was designed as a limited resource and with the law of supply and demand, we can assume it will tank high in more years to come. The only question is when.

Well said! BTC was designed to work as hedge against inflation that is why its maximum supply can never go beyond 21 Million. We will see BTC flying to moon in the years to come, I have no doubt about it.

[hahay]

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.

[blockman]

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.

We can't do anything with that but to wait until it comes by surprise. End of 2020 or not, we have all the same hope that there will be another all-time high but it's very unknown and we can't guess when it will happen until it finally happens.
If it breaks 2017's ATH by the end of this year, then it's selling time. But if something like that didn't happened, we'll just continue our lives and keep holding. The news are becoming positive because of the adoption coming from prominent companies and that will create the positive outlook that ATH is imminent.

[ultrloa]

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 but let see seems there are so many good happenings right now and positively it brings hype that's why we see some good price pump these days, so best to watch and get in position to earn these days since for sure there are more pump coming ahead since the current flow is promising and might we can see some good action in the market in the next months.

[Husires]

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.

[Porfirii]

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

In November the 12nd, 2017, the price of a single Bitcoin was $5585. In December, it peaked at almost $20000.

Today is November the 9th, why do you think it is so hard for bitcoin to break the ATH, being the price at this moment over $15000?

On the other hand, "History always repeats itself" is quite a popular sentence, but it's also known that "Past performance does not guarantee future results"...

Anyway, I wish we maintain the 3 years pace and break it next month (or this one, why not?) 

[Hamphser]

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.

You had mentioned that no one would ever know but how the hell on presuming that on every 3 years Bitcoin would reach out new ATH?

It might happened in the past but doesnt mean that it would happen in the future but 20k isnt really that too far imho and we do only have 1 month
left before this year ends but i cant see that we would really able to touch that number.

Instead on stressing out yourself then better to position yourself for possible profit making opportunity.

[crwth]

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. 

[error08]

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.

[Desscount]

even though now the price of Bitcoin is at the level of $ 15000,
if there was a PUMP of $ 5000 it was already above the ATH price in 2017,
of course this is very easy for Bitcoin, it's just that Bitcoin takes time to pump,
I'm still waiting for the pump to happen!

[yhiaali3]

It can be said that history repeats itself, this is true, but not necessarily every three years, ِAlmost after all the halving.
If we go back to the history of Bitcoin we find that after each halving there is a new peak, if we go back to the previous halving, we find that it happened in the middle of 2016 and after about a year & several months, at the end of 2017, Bitcoin reached its highest peak in history.
Therefore, compared to the current halving, we find that Bitcoin is close to the top after only a few months, so it is not unlikely that Bitcoin will far surpass the previous peak and reach new ATH.

[3meek]

I hope that it will happen already this year! But somehow it seems to me that it may be in 2021... Since March, there is an upward trend, and so far there have been no serious corrections... Therefore, I expect a price rollback, then recovery and conquest of new highs!

[Mahdirakib]

Maybe it will but no one can give you the surety. The price of btc have increased nicely in last few weeks. Now bitcoin price staying at 15k usd range. So we aren't far away from 20k usd. ATH is not related with year range. Good news about bitcoin and the demand of investor for btc can make it anytime. We will see new ATH within this year, if the price don't fall back from the current base and increase like before.

[lixer]

Wasn't aware of the 3 year cycle you mentioned that it reaches the ATH every 3 years but I have a strong feeling that BTC will be easily crossing the ATH maybe if not by the end of this year since we are already so far into Q4 but surely in Q1 of 2021 we will see that happen. As a long term investor and a visionary investor I don't bother much about how much the price is increasing as long as it is increasing and is steady.

I remember how everyone scared me to sell all my coins when the massive drop happened earlier this year but I held on because I knew this is not the right time to sell and in even worst case scenario we can wait a couple years and get 15k easily and now see we are talking about ATH within the same year.

[Emitdama]

I hope that it will happen already this year! But somehow it seems to me that it may be in 2021... Since March, there is an upward trend, and so far there have been no serious corrections... Therefore, I expect a price rollback, then recovery and conquest of new highs!

There will be a correction after jump so actually expecting ATH within this year is hard not just because it takes time to jump again after a correction, honestly speaking I would be glad and very positive if BTC can maintain the price around 15k by the end of this year. I am saying that because this year we saw even 5k and 4k prices so we can proudly say BTC jumped up to 10k from that mark and 15k by the year end will be a victory.

ATH is not related with year range. Good news about bitcoin and the demand of investor for btc can make it anytime. We will see new ATH within this year, if the price don't fall back from the current base and increase like before.

Hopefully the price can stay true and I really wish there is no big drop before the end of the year because I am expecting big things next year and if a drop happens now it will again cause doubts while a solid 15k by the end will be really good.

[Sayeds56]

Wasn't aware of the 3 year cycle you mentioned that it reaches the ATH every 3 years but I have a strong feeling that BTC will be easily crossing the ATH maybe if not by the end of this year since we are already so far into Q4 but surely in Q1 of 2021 we will see that happen. As a long term investor and a visionary investor I don't bother much about how much the price is increasing as long as it is increasing and is steady.

I remember how everyone scared me to sell all my coins when the massive drop happened earlier this year but I held on because I knew this is not the right time to sell and in even worst case scenario we can wait a couple years and get 15k easily and now see we are talking about ATH within the same year.

Good strategy. Long term investors always yield huge benefits in any type of asset class including crypto provided your selection of asset is based on its intrinsic value and your timing of investment is right.