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

[error08]

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.

if you believe bitcoin could and will reach that point, then why hesitate to buy? $16K is in sight, the next target is $17K, like you said, just buy and wait for bitcoin to break $20K, even if we sell at $19,800 should generate huge profits depend on how much you are willing to spend at this time. However, the potential of bitcoin is not just $20K, the probability of reaching $21K before the end of this year is quite high.

[Oilacris]

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.

if you believe bitcoin could and will reach that point, then why hesitate to buy? $16K is in sight, the next target is $17K, like you said, just buy and wait for bitcoin to break $20K, even if we sell at $19,800 should generate huge profits depend on how much you are willing to spend at this time. However, the potential of bitcoin is not just $20K, the probability of reaching $21K before the end of this year is quite high.

Not that too optimistic for bitcoin to reach the ATH as of this year and we cant just focused out on up prices but also theres always the tendency of corrections.

Honestly, we are really just moving too fast considering that we are just in 10k price on previous months and now we are almost hitting 16k which the movement is really not that organic in my own opinion

but somehow basing up on the sentiments or adoption news then we can presume that it might be the main reason for such up but always be having that risk management because we arent just talking about
price increase here.

[coin-investor]

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.

It will not this year, my analysis is the movement of the price starting last month, since the PayPal news surfaced, the PayPal news made a big impact on the price but it cannot sustain the price to reach $20000, we need more or another news as big as the PayPal news so the price can make its big movement again, I'm still confident that the new all time high will happen first or second quarter of next year.

[hotpassion]

The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.

Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.

[FanEagle]

It looks more and more possible every single day, I am not assuming anything will happen in crypto world because anything could happen at any moment, we could suddenly crash under 10k as well so I am not keeping my hopes up, but I can see that there is a really big deal going on right now with the price approaching 16k like it is nothing.

Normally this should be a huge deal because 16k is something we haven't seen since the 2017 peak, we are getting back to those days and we are not doing it like a huge hype anymore, we are not doing it like it is something extraordinary, we are doing it like it is something very normal and expected. This changes a lot of things because doing it like it is something expected makes it easier to go further up in price as well.

[error08]

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Not that too optimistic for bitcoin to reach the ATH as of this year and we cant just focused out on up prices but also theres always the tendency of corrections.

Honestly, we are really just moving too fast considering that we are just in 10k price on previous months and now we are almost hitting 16k which the movement is really not that organic in my own opinion

but somehow basing up on the sentiments or adoption news then we can presume that it might be the main reason for such up but always be having that risk management because we arent just talking about
price increase here.

Correct, one of the main things in investment is risk management, too much advice says 'do not invest more than you can afford to lose'.
People can't haphazardly invest in something they don't know, but we do know what bitcoin is and what it's capable of achieving.
Although it can't reach a new ATH this year, yet it still manages to break $16K resistance, do you think it will stop at this price? Personally, I would say, based on probability and predictions, bitcoin should be able to achieve at least a minimum of $19K by the end of the year.

[STT]

I think theres too much news going on for a new high this year, you have an election result but its disputed and protracted in its resolution which means doubts can be a negative for most of the rest of this year.   You have possible upset from that change of guard.   There is the danger of markets over speculating the end of covid when any vaccine takes months maybe even a year to propagate which matters because markets falling will bring margin calls and a need for capital which BTC is to some extent, a liquid source of capital.
   Its not negative especially for BTC to pull back at this point, a price often checked is far more assured in its gains long term.    Its better to be bullish when people are too apprehensive, where as now most are very positive from these previous gains hence I would advise some caution while taking part purely in a speculative way so that means keep a stop loss on trades.

[Baofeng]

The price on Dec 27, 2016 was $960. This represents a 15% loss from the high of $1171.

Applying the same rate of loss to the $19891 high, we get prices around $17,000 for the end of 2020. A more specific range would isolate prices to likely between $16,500 and $17,500.

Or $20K? 

Right now it's really hard to see where the price is going before the end of this year. Too much speculation and news affecting the market, positive news that will push the price to even greater heights. No one expects the price to be in this level as this point, so who knows, maybe $20k in 2020 is possible because it surely did kick another FOMO upon reaching $16k, the price we haven't seen since 2017, if my memory serves me right.

[Kelvinid]

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.

Might be YES or NO. Though it gonna be possible but that seems so hard to make a $20k rally this year. Maybe next year, nobody knows but we don't need to lose our hopes then.

Some speculation made saying $50k, $100k, that gonna be possible but we don't need to have a time-frame for this, and I can't see it in my crystal ball yet. That so saying that history repeats itself, maybe YES or it gonna be NO. We live in this unpredictable market, a decentralized market where nobody knows, and all the comings are unknown to everyone.

[Wulan_maniez]

It’s like a dream, bitcoin can keep going up this fast, even the price of bitcoin exceeds $15k. Now the price of bitcoin is already $16,171,
really a very strong run. There are less than 2 months to catch up to $20k, it looks close if looking at bitcoin’s current position.
It seems likely that we all expect Bitcoin to create a new ATH besides what happened in 2017.
Many pusher factors are causing bitcoin to run away today. And it makes us positively minded about price developments.
It’s only natural that many assume that bitcoin is very close to reaching $20k.

[adaseb]

I think what will happen is $20K is going to be the new $6K that we battled back in 2017 and 2018. Remember how it was strong support, and then we assumed it would be strong resistance but instead it engulfed $6K like butter and kept going up and up till $13.8K ?

So we will either never reach $20K, maybe $16.5K was the peak or $19.5K will be the peak. Most will have their sell orders at $20K and they will never fill. Another scenario is that we will reach $20K and quickly break and go to like $21K or $22K. I don't think we will go exactly to $20K and reverse.

This doesn't really help however, unless you maybe buy some $20K put option for BTC. Which many won't do due to the high premium.

[el kaka22]

Normally I used to say nobody knows to these type of things but looking at how we are doing and seeing how we are not stopping, I feel like it could very well be something we could do without any trouble. I am not saying it will be 100% 20k+ before the year ends but all I am saying is, everything looks like it could definitely do something like that without a doubt.

We will have to wait and see obviously, but from 10k to 16k in just 2 months (under 2 months really) is something special and it shows that bitcoin could definitely go up another 4k in the next 40-50 days as well, the only question remains here is not "will it be 20k+" to me actually, it is more like "will 50 days be enough to reach 20k" because I feel like we will surely beat over 20k but I don't know if 2020 will be enough, maybe a month into 2021?

[blckhawk]

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.

Well, we can't exactly tell though however, I have a feeling and I want to believe that we will set a new record before the end of the year or perhaps in the 1st Quarter of 2021.
Bitcoin is now hovering around $15k USD, even touch the mark of $16k USD, it is basically making a subtle movement and if this continues there's no doubt that we will witness the new ATH. Besides, I don't think it will become a bubble though. A lot of people are now procuring Bitcoin since it became convenient for them due to Paypal's cryptocurrency acceptance.

[Taskford]

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.

Well, we can't exactly tell though however, I have a feeling and I want to believe that we will set a new record before the end of the year or perhaps in the 1st Quarter of 2021.
Bitcoin is now hovering around $15k USD, even touch the mark of $16k USD, it is basically making a subtle movement and if this continues there's no doubt that we will witness the new ATH. Besides, I don't think it will become a bubble though. A lot of people are now procuring Bitcoin since it became convenient for them due to Paypal's cryptocurrency acceptance.

Yes we can tell but we are now at $16.2k based on CMC price so if there's something good happen especially I believe the Christmas day can create hype since for sure many will think about good things on that season so provably $20k is possible to reached. Also I agree many people still look after on the adoption of PayPal that's why we continuously see some good jumps at this moment.

[slaman29]

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.

I hope you and me have our hopes listened to. I wanted it to hold at $14k but it went to $15k and now it seems to be looking above $16k gains. If we are unluckier we will even see ATH this month at this rate.

Seems nice, but not to those of us who are still earning small amounts. Hard to see that you earn or buy $50 and you only get about 300k+ satoshi now, which people gamble in one bet on crypto casinos. Ulp!

[rhomelmabini]

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.

If history really repeats itself too then I'll expect that there will be a a bearish run on for over a week on the month November if what we'll base on is the 2017 ATH. I don't think it's always breaking every 3 years or by December but I think that's the norm now for speculation. The price ATH of $1.2k was way back on 2013 and that's on the month of November and if we would speak for the next ATH it was of December 2017 so that's a 4 year gap so to speak.

I think it's a healthy speculation but on conclusion ATH do always happen on the 4th quarter of the year so maybe it's a new ATH this year and that's 3 years not 4 years anymore. So, could we say that by the next year it will turn bearish? No one knows but we are free to speculate and sometimes that's a driving force as well as the charts.

[CODE200]

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.

Well, we can't exactly tell though however, I have a feeling and I want to believe that we will set a new record before the end of the year or perhaps in the 1st Quarter of 2021.
Bitcoin is now hovering around $15k USD, even touch the mark of $16k USD, it is basically making a subtle movement and if this continues there's no doubt that we will witness the new ATH. Besides, I don't think it will become a bubble though. A lot of people are now procuring Bitcoin since it became convenient for them due to Paypal's cryptocurrency acceptance.

Yes we can tell but we are now at $16.2k based on CMC price so if there's something good happen especially I believe the Christmas day can create hype since for sure many will think about good things on that season so provably $20k is possible to reached. Also I agree many people still look after on the adoption of PayPal that's why we continuously see some good jumps at this moment.

What about last year's holidays?
Well the price is indeed close to its previous ATH, so there is a huge possibility. But possibility is not certainty, that's the point.
Ofcourse it would be good to anticipate the good things that might happen but it is better to not expect too much because the market is naturally inconsistent and things could still happen which could break our expectations. So just hold for now and invest if you must.

[traderethereum]

Yes we can tell but we are now at $16.2k based on CMC price so if there's something good happen especially I believe the Christmas day can create hype since for sure many will think about good things on that season so provably $20k is possible to reached. Also I agree many people still look after on the adoption of PayPal that's why we continuously see some good jumps at this moment.

That still needs more time to see the bitcoin price can reach $20k, but I am sure that it will be possible to happen.
Maybe we will get a surprise from bitcoin before the end of this year, and if that surprise is a jump in bitcoin price, that will be a big surprise because we can see that price again this year.
The news from Paypal indeed gives more chance for bitcoin to grow and get more adoption from Paypal's members, so that can make people out there aware of the presence of bitcoin.
Sooner or later, they will start to buy bitcoin from their Paypal account and send it to a different wallet.
We hope that there will be more good news about bitcoin that will release to help bitcoin grow more.
We need to happy with the situations now because bitcoin can rise slowly to break the high price.

[Sayeds56]

I think theres too much news going on for a new high this year, you have an election result but its disputed and protracted in its resolution which means doubts can be a negative for most of the rest of this year.   You have possible upset from that change of guard.   There is the danger of markets over speculating the end of covid when any vaccine takes months maybe even a year to propagate which matters because markets falling will bring margin calls and a need for capital which BTC is to some extent, a liquid source of capital.
   Its not negative especially for BTC to pull back at this point, a price often checked is far more assured in its gains long term.    Its better to be bullish when people are too apprehensive, where as now most are very positive from these previous gains hence I would advise some caution while taking part purely in a speculative way so that means keep a stop loss on trades.

 You said it very right that we should be optimistic but simultaneously not forget to use stop loss while trading.  No doubt the probability of further price escalation is on higher side. As well as  the data of options market suggests that BTC will break its ATH record before the year ends. Let's wait and see what year end brings for us.

[chanler]

Of course, Bitcoin price can pass the ATH and has new ATH but we cannot claim it now. The next price for Bitcoin is something unpredictable, let's just monitor and still plan a realistic goal. As the current price is still around $16K, why don't try to predict the price to go $17K first? It should be more sense than predict passing the ATH ($20K).

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

Can we trust this? Honestly, I doubt it. Not each history can repeat, you must think realistically than rely on something doubtful.