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

[Vaskiy]

No one knows about the market condition. Everything is associated with the market. Considering the previous bull trend there is more chance of reaching above the ATH. During the previous bull market there is sudden growth in $1000s which took the price cross $20000+ in few days time. This time we aren't into such pattern of growth. We've experiencing stabilized growth. Upon this there is possibility to touch $20000, but in a slower pace.

[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.

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.

you are forgetting that the closer we get to the previous ATH the harder it will become to rise up due to all the people who keep selling in that range for whatever reason. take a look at 2017 and the period when price first passed $1000 (previous ATH at that time was about $1200 about 16% higher). this is why i used next year as the time to reach the previous ATH.

[Sayeds56]

I'll take this seriously and putting my bets to $17,500-$$18,00 before we end this year.
Seeing $20k is only less possible to make it come true. The closest we reach at $20k, the slower and harder it moves high, in fact, dumps have something to puddle down and we are moving down again below $16,000.

IMHO, this year 2020 is very different from previous years. Why? A lot of challenges come, not only in the crypto world but also in the local stock market. The good thing is that we are still able to move and gain back the momentum but this is not enough (I think) that it brings us to the highest peak.

You said it very right that 2020 was not is very difficult year for the whole world. All major economies are in Recession including USA and Europe. The only only economy which is still not in bad shape despite pandemic covid-19, is China. keeping in view this dismal situation I think your guess seems very right that BTC will between 17,500 to 18,000 when we be celebrating New year.

[davinchi]

Breaking $20k is not really the point of bitcoin, aside from all the technological and psychological and even sociological reasons why bitcoin was created, the other point of investment to bitcoin is to always keep growing, it may go down time to time and take a while to get back but as long as bitcoin keeps growing bigger and bigger that means we are going to see a ton of big prices like this in the future.

Sure it will break $20k, it will also break $25k and $30k and $50k and $100k and all other higher prices, we will never stop going up, and will always have eyes on higher levels. The only reason why we are not investing right now all the time (which looking at price going up, many of us do) could be because we think short term and in short term it doesn't have to go up all the time.

[Casdinyard]

Breaking $20k is not really the point of bitcoin, aside from all the technological and psychological and even sociological reasons why bitcoin was created, the other point of investment to bitcoin is to always keep growing, it may go down time to time and take a while to get back but as long as bitcoin keeps growing bigger and bigger that means we are going to see a ton of big prices like this in the future.

Sure it will break $20k, it will also break $25k and $30k and $50k and $100k and all other higher prices, we will never stop going up, and will always have eyes on higher levels. The only reason why we are not investing right now all the time (which looking at price going up, many of us do) could be because we think short term and in short term it doesn't have to go up all the time.

I doubt that it is the purpose of Bitcoin.
It is a digital currency made to promote convenience with transactions. It just happened that its market price is volatile since there's a demand and volume in the market. But someday, once it's been adopted across different countries, things might change. Its market value could become stable, because it won't be used as a mode of payment if its price will still be volatile, in a sense that people will hesitate using it because of the profit, which is somewhat contradicts its concept as a currency.

[Sayeds56]

Breaking $20k is not really the point of bitcoin, aside from all the technological and psychological and even sociological reasons why bitcoin was created, the other point of investment to bitcoin is to always keep growing, it may go down time to time and take a while to get back but as long as bitcoin keeps growing bigger and bigger that means we are going to see a ton of big prices like this in the future.

Sure it will break $20k, it will also break $25k and $30k and $50k and $100k and all other higher prices, we will never stop going up, and will always have eyes on higher levels. The only reason why we are not investing right now all the time (which looking at price going up, many of us do) could be because we think short term and in short term it doesn't have to go up all the time.

I doubt that it is the purpose of Bitcoin.
It is a digital currency made to promote convenience with transactions. It just happened that its market price is volatile since there's a demand and volume in the market. But someday, once it's been adopted across different countries, things might change. Its market value could become stable, because it won't be used as a mode of payment if its price will still be volatile, in a sense that people will hesitate using it because of the profit, which is somewhat contradicts its concept as a currency.

You are right that BTC was created for convenience of Transaction across the globe but now individuals and institutions are buying it as store of value and hedge against inflation. it won't be used as mode of payment for purchasing goods and services as long as it remains volatile. Technically charts are also suggesting that there is strong possibility that BTC might break its ATH record before the year ends.

[carlisle1]

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.

Not because the price is seemingly increasing it is too much to expect just like that,we have seen the growth from 4k level in march and now we are 16k.

Maybe it is good to look upon Bitcoin staying in this Grade until the final blow of Bull comes soon.
This year or the next?the important thing is the profit we might have when it comes.

[pooya87]

Breaking $20k is not really the point of bitcoin, aside from all the technological and psychological and even sociological reasons why bitcoin was created, the other point of investment to bitcoin is to always keep growing, it may go down time to time and take a while to get back but as long as bitcoin keeps growing bigger and bigger that means we are going to see a ton of big prices like this in the future.

that is not the point of bitcoin! the supply is capped to prevent inflation and also have a predefined and clear supply distribution plan that can not be easily changed on a whim like fiat. at some point when adoption has already grown enough the value increase will stop and the only rise we will see is in price against fiat whenever fiat value drops due to its inflation.

[matchi2011]

No one knows about the market condition. Everything is associated with the market. Considering the previous bull trend there is more chance of reaching above the ATH. During the previous bull market there is sudden growth in $1000s which took the price cross $20000+ in few days time. This time we aren't into such pattern of growth. We've experiencing stabilized growth. Upon this there is possibility to touch $20000, but in a slower pace.

We've seen a much better growth right now, the support barrier continually forming. We can't tell that it will rise further in  a much
quicker time we should assess more deeper.

The run gave opportunities to those who believes that it will grow more, even we won't see the last ath being met before this year
will end but to have a good support that won't let the value to fall huge is more enough.

[traderethereum]

If we are going to track the results of bitcoin using its pasture recorded data we can truly said such thing.  But knowing that this idea is not a hidden thing, rather an obvious one we can also expect that this still holds two possibilities— that is the bullrun or the dump.

And the pump and the dump will always happen at the market, and you should better prepare for that so that you can use that moment for yourself.
If you know that the bitcoin price is at a low price, you can buy bitcoin and hold it, but you don't have to panic if the bitcoin price is down lower than before.
Before you buy bitcoin, maybe you need to place an order buy and never use the instant buy because we don't know what next will happen to bitcoin.
We need to play safe to buy bitcoin and don't be in a rush because if you can calm yourself down, you will see the best time to buy.

[elisabetheva]

If we are going to track the results of bitcoin using its pasture recorded data we can truly said such thing.  But knowing that this idea is not a hidden thing, rather an obvious one we can also expect that this still holds two possibilities— that is the bullrun or the dump.

And the pump and the dump will always happen at the market, and you should better prepare for that so that you can use that moment for yourself.
If you know that the bitcoin price is at a low price, you can buy bitcoin and hold it, but you don't have to panic if the bitcoin price is down lower than before.
Before you buy bitcoin, maybe you need to place an order buy and never use the instant buy because we don't know what next will happen to bitcoin.
We need to play safe to buy bitcoin and don't be in a rush because if you can calm yourself down, you will see the best time to buy.

Yes, the most important decision is correct what you say that do not get carried away in panic in taking every step further. indeed we know that bitcoin is currently quite high in price to make people think but it must be known that this is not the peak price that will be obtained by bitcoin, next year is the peak price of bitcoin, and the current possibility of bitcoin may fall again.

keep a clear mind and analyze well because everything can happen without our will if we do not prepare well. believe in what you will do because all decisions will rest with those of you who have funds. self-assurance is needed to be able to continue the next step.

[RealMalatesta]

For bitcoin to make another 4x, if we take $10k as a base (because we were $10k just in late September, early October) we would have to say $40k price would be a realistic target before the year ends. Is it doable? I think it is possible but it looks like price stalled a bit, if we were at around $20-25k range right now, $40k before the year ends would have been a lot more possible but looking at where we are right now and how it didn't increased that way, I would say readjusting to $30k would be a smarter move.

Definitely not something we would expect unless we want another 2017 type of year but this $30k scenario only applies in a situation where we go high just like we did in 2017, in any other scenario even going above $20k would be a great increase for us.

[n0ne]

Whether the price of bitcoin will go above the previous ath can be proved based on the market situation on starting of the upcoming month. Most of the year have provided with growth during the month of December. This time too we can expect the same to take place. Already we're holding within $15800 - $16500, and if the growth rate goes high for a while we'll see a new ath in 2020. Anyhow reaching out the ath won't make the price sustain for longer time period.

[Lanatsa]

Whether the price of bitcoin will go above the previous ath can be proved based on the market situation on starting of the upcoming month. Most of the year have provided with growth during the month of December. This time too we can expect the same to take place. Already we're holding within $15800 - $16500, and if the growth rate goes high for a while we'll see a new ath in 2020. Anyhow reaching out the ath won't make the price sustain for longer time period.

When we do reach out new ATH then expect there would really be a correction would comes next.We cant just expect for a market to have continuous rise.There would be always a sell-off that's
why its wise to make out some decision on selling for profits.Just stick and observe to look for buyback opportunities.

Breaking ATH is most likely to happen but I don't see if it would would happen for this year or not but I presume that it will be on next year if this current price do able to hold up
for a while but if not then we would really be taking another long wait.

The best thing to be done is to secure profits no matter what price you are in to as long you do see greens then that what matter most.

[KTChampions]

No one knows about the market condition. Everything is associated with the market. Considering the previous bull trend there is more chance of reaching above the ATH. During the previous bull market there is sudden growth in $1000s which took the price cross $20000+ in few days time. This time we aren't into such pattern of growth. We've experiencing stabilized growth. Upon this there is possibility to touch $20000, but in a slower pace.

By the way, this is a very good observation. The difference in growth rates suggests that now growth is more justified and most likely there will be no such collapse as in 2018. I think all investors understand the inevitability of corrections, but everyone is afraid of crashes. In this regard, Bitcoin now looks more attractive and reliable than before.

[traderethereum]

If we are going to track the results of bitcoin using its pasture recorded data we can truly said such thing.  But knowing that this idea is not a hidden thing, rather an obvious one we can also expect that this still holds two possibilities— that is the bullrun or the dump.

And the pump and the dump will always happen at the market, and you should better prepare for that so that you can use that moment for yourself.
If you know that the bitcoin price is at a low price, you can buy bitcoin and hold it, but you don't have to panic if the bitcoin price is down lower than before.
Before you buy bitcoin, maybe you need to place an order buy and never use the instant buy because we don't know what next will happen to bitcoin.
We need to play safe to buy bitcoin and don't be in a rush because if you can calm yourself down, you will see the best time to buy.

Yes, the most important decision is correct what you say that do not get carried away in panic in taking every step further. indeed we know that bitcoin is currently quite high in price to make people think but it must be known that this is not the peak price that will be obtained by bitcoin, next year is the peak price of bitcoin, and the current possibility of bitcoin may fall again.

keep a clear mind and analyze well because everything can happen without our will if we do not prepare well. believe in what you will do because all decisions will rest with those of you who have funds. self-assurance is needed to be able to continue the next step.

Maybe if they want to buy bitcoin, they need to buy when the price is down or make a correction so that they will not buy bitcoin at a high price.
That will be better to do that because sometimes, the flash dump can happen at the market, but that will not always happen.
The analysis is the key to finding the time to buy and sell, and if you do not have skills in analysis, you should learn by now, so when there are a dump happens at the market, you can buy at the right time.
Besides the analysis, calm down will be the other keys to make a decision so that you can decide base on the current situations.
No need to make a rush decision if you are not sure about the situation, especially if you don't analyze

[1l1l11ll1l]

Whether the price of bitcoin will go above the previous ath can be proved based on the market situation on starting of the upcoming month. Most of the year have provided with growth during the month of December. This time too we can expect the same to take place. Already we're holding within $15800 - $16500, and if the growth rate goes high for a while we'll see a new ath in 2020. Anyhow reaching out the ath won't make the price sustain for longer time period.

I think the sustainability bullrun this time is much different when compared to 2017. This time, bitcoin is much stronger and also has the support of a major party which will make bitcoin a more credible position

[barbara44]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Looks like if we keep this pace up, before November ends we could reach to $20k levels and after that when December comes we could make a run for making a new all time high that would be hard to break. Hopefully we will not drop too much after these huge runs, because going high is a great thing but going very low after that high has been horrible for the past three years since last ATH.

[Sayeds56]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Looks like if we keep this pace up, before November ends we could reach to $20k levels and after that when December comes we could make a run for making a new all time high that would be hard to break. Hopefully we will not drop too much after these huge runs, because going high is a great thing but going very low after that high has been horrible for the past three years since last ATH.

Well said. I fully subscribe to your views and hope this time it will not be repeated what happened in 2018 because there is more acceptability of Bitcoin among general public as well as institutions. There is huge involvement/investment from institutions side during the past months and years but crypto market always comes with surprises, you never know what tomorrow brings for you.

[darewaller]

I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.

Yeah, the price is even closer now so I am quite sure the talks should be around 25k now because we are still long way to end the year and if the current trend continues we can actually see 22k or 23k being reached by the end of the year.

I fully subscribe to your views and hope this time it will not be repeated what happened in 2018 because there is more acceptability of Bitcoin among general public as well as institutions. There is huge involvement/investment from institutions side during the past months and years but crypto market always comes with surprises, you never know what tomorrow brings for you.

I don't think that will ever happen again what happened in 2018 because now the market is much more healthy and a few whales cannot even shake the market like it was possible back in 2018 or earlier. Also there are new investors coming via other mediums like Paypal and others plus there are news of big investors investing so the market is now rising naturally and should never drop down by much because small drops are normal and expected.