Bitcoin reach $20K soon?

[adaseb]

Yes people are crazy greedy these days especially in 2020. Do you ever frequent the stock market forums? There are no people out there buying blue chip stocks which can gain 5-10% a year they basically want stocks that get them at least 100%+ returns. People pretty much stopped trading stocks all together and basically buy options because you can easily get 100%-1000% gains with those.

Bitcoin is no different. People won't be happy if BTC reaches $20K, they want $50K or $100K or even $1 million or so. Same reason why so many people lost money in late 2017, they were given the option to take profit at $20K but they wanted $25K or $50K and instead it went down to $3K. So this is why in many of my posts I think we might top at $19K because every body is expecting $20K+. The markets are not kind for the greedy.

[malcovi2]

Analysts have already started predicting the next big move that could possibly push Bitcoin above its all-time high of $20,000.

people who only start talking about more rises after months of bull run and a lot of positive rises so far are not "analysts". these are the same people who start calling for low prices whenever there is a small price.
these are newbies who want to look smart and are gambling on the price, now that it is on the rise they call a higher but completely random number.

yeah, and they even sell charts or TA analysis to noobs. They think that the US elections is the catalyst for a massive crash to bitcoin and US stockmarket.
Well, I its the opposite no massive crash just a slow uptrend until it hits the ATH.

[CyberKuro]

Finally, bitcoin be able to break the $16,000 resistance level today, the price fluctuates within $15,600-$16,100 although it still in danger of rejection.
this allows the support level of $15.500 to form and become consecutive, showing the potential bullish trend pattern to set a higher support level to reach $17K.
Based on the chart and technical analysis, bitcoin in bull run to reach $20K by the end of the year, just be patient until we get there.

[FanEagle]

Yes people are crazy greedy these days especially in 2020. Do you ever frequent the stock market forums? There are no people out there buying blue chip stocks which can gain 5-10% a year they basically want stocks that get them at least 100%+ returns. People pretty much stopped trading stocks all together and basically buy options because you can easily get 100%-1000% gains with those.

Bitcoin is no different. People won't be happy if BTC reaches $20K, they want $50K or $100K or even $1 million or so. Same reason why so many people lost money in late 2017, they were given the option to take profit at $20K but they wanted $25K or $50K and instead it went down to $3K. So this is why in many of my posts I think we might top at $19K because every body is expecting $20K+. The markets are not kind for the greedy.

I see you lurk around wallstreetbets as well . Reality is that if you make 5-10% a year return on your investment, there is a slight chance that you will leave your kids a decent amount of money to raise your grandkids, it will not even be fast enough to help you with your own kids, but your grandkids could have a better life, only because you saved aside some money and bought some bluechip stocks with it, that is it.

However when you chase 50-100% returns from each movement, you could make your own life a lot better, certainly a lot better for your own kids and it requires just one getting lucky with one 100x crazy increase in some project, it could suddenly change all of your life. When you weight risks and rewards, the reward is just too big to return from and focus on getting 5% instead.

[wxxyrqa]

Given the increased interest in bitcoin, which is confirmed by the large-scale growth rates of bitcoin capitalization in the cryptocurrency market, its price will rise rapidly and it is quite possible that we will see $ 20K before the end of the year. CoinMarketCap indicators eloquently confirm this.

[skarais]

The upward phase of bitcoin price is projected to continue until the end of 2020. The lowest price for bitcoin throughout 2020 occurred in March where bitcoin was trading at $4,106 based on data on cmc. Since then the price of bitcoin has continued to rise and is getting stronger and has the potential to reach its new ATH in 2020. Currently bitcoin is trading at a price of $16,130.58 (up 2.8% in the last 24 hours) and still tend to continue past its resistance level. The strongest target for the current bitcoin price is $17K and that's still quite realistic to achieve in my opinion.

[qualitywork]

Given the increased interest in bitcoin, which is confirmed by the large-scale growth rates of bitcoin capitalization in the cryptocurrency market, its price will rise rapidly and it is quite possible that we will see $ 20K before the end of the year. CoinMarketCap indicators eloquently confirm this.

Yes Bitcoin is heading towards $20,000 and hopefully the landmark figure of $20,000 will be achieved by the end of this year if we don't face any further setbacks. After 2017/18 bullrun this is he first time we have reached till this value and this time I am sure that the value of Bitcoin will cross $25,000 as well.

[Sanitough]

Given the increased interest in bitcoin, which is confirmed by the large-scale growth rates of bitcoin capitalization in the cryptocurrency market, its price will rise rapidly and it is quite possible that we will see $ 20K before the end of the year. CoinMarketCap indicators eloquently confirm this.

In fact, I see the opposite that bitcoin for the end of this year will not reach $ 20K, he will feel safe in the range of $ 15K- $ 16K alone, to prepare to move next year towards higher.

Let's prepare for all possible movement, pump or dump so we can always make a timely action, if indeed it will rise, then i guess we should start selling our bitcoin as it's possible the dump will happen next if it will fail to reach a new ATH. But if it will dump from now, just hold on, maybe convert to stable coin and wait for the timing to accumulate always at dip.

[SaShiRaJaVu]

However do people not realize that in just span of few months we have profited 50%+ from bitcoin already? We have moved from 10k to 15k+ range already and that is already something awesome, why do we must continue to want more than 20k+ as well?

It is the level of expectation everyone has about bitcoin and how much it can rally, it is true that some neglect the fact the price rallied a long way in the past one month and still looking for the bull to push the price near the all time high valuation  . Anything is possible in the market and we had a good run this month and i am expecting the market to level up for a few week or for a month before going for the all time high valuation as the market cannot move higher all the time.

[CODE200]

However do people not realize that in just span of few months we have profited 50%+ from bitcoin already? We have moved from 10k to 15k+ range already and that is already something awesome, why do we must continue to want more than 20k+ as well?

It is the level of expectation everyone has about bitcoin and how much it can rally, it is true that some neglect the fact the price rallied a long way in the past one month and still looking for the bull to push the price near the all time high valuation  . Anything is possible in the market and we had a good run this month and i am expecting the market to level up for a few week or for a month before going for the all time high valuation as the market cannot move higher all the time.

Speaking of possibility, it is two-sided. There is a possibility for the market price to break the $20kmark and also, possibility for its market value to fall in a sudden, bottomline is lack of certainty to when will things occur and I think that's also the reason why some people are still doubting on its occurrence even if the market value is slowly getting close to the mentioned market price point. Some are now thinking of selling at this early to secure profit and some are just optimistic to hold no matter what.

[Taskford]

However do people not realize that in just span of few months we have profited 50%+ from bitcoin already? We have moved from 10k to 15k+ range already and that is already something awesome, why do we must continue to want more than 20k+ as well?

It is the level of expectation everyone has about bitcoin and how much it can rally, it is true that some neglect the fact the price rallied a long way in the past one month and still looking for the bull to push the price near the all time high valuation  . Anything is possible in the market and we had a good run this month and i am expecting the market to level up for a few week or for a month before going for the all time high valuation as the market cannot move higher all the time.

Speaking of possibility, it is two-sided. There is a possibility for the market price to break the $20kmark and also, possibility for its market value to fall in a sudden, bottomline is lack of certainty to when will things occur and I think that's also the reason why some people are still doubting on its occurrence even if the market value is slowly getting close to the mentioned market price point. Some are now thinking of selling at this early to secure profit and some are just optimistic to hold no matter what.

But still the point there is still have possibilities to reach that since the current price is at $16,700 and this is quite near to the past ATH so no wonder if things will at good side state possibly we could reach that past ATH. And let's forget the doubt and let others do that since that emotion is not gonna helping us since it will make us a loser, we just need to look up for the possibilities and if possible we should watch the market closely since if our target didn't reach we can still accumulate some profits if we sell at good figures.

[Hypnosis00]

Nothing had to be sure but just soon. Gonna be the next year in 2021 but probably not this year.
We are currently making a good rally as we enter the 3rd quarter but from that, it is really hard to keep the rising momentum, in fact, from $14k it drops back to $10k. Though we are positively getting back again to another ATH but that it needs other strong hypes to lift the market on the high level. But what we have observed this time, I think it was not enough to push the market at $20k.

[blckhawk]

However do people not realize that in just span of few months we have profited 50%+ from bitcoin already? We have moved from 10k to 15k+ range already and that is already something awesome, why do we must continue to want more than 20k+ as well?

It is the level of expectation everyone has about bitcoin and how much it can rally, it is true that some neglect the fact the price rallied a long way in the past one month and still looking for the bull to push the price near the all time high valuation  . Anything is possible in the market and we had a good run this month and i am expecting the market to level up for a few week or for a month before going for the all time high valuation as the market cannot move higher all the time.

Speaking of possibility, it is two-sided. There is a possibility for the market price to break the $20kmark and also, possibility for its market value to fall in a sudden, bottomline is lack of certainty to when will things occur and I think that's also the reason why some people are still doubting on its occurrence even if the market value is slowly getting close to the mentioned market price point. Some are now thinking of selling at this early to secure profit and some are just optimistic to hold no matter what.

Well, we all have a different way of thinking. It will depend on us if are taking the risk and be optimistic that it will set a new mark or sell a part of your holdings to secure profit. The thing is we don't really know how the market will turn out so prepare yourself and choose what do you think will be good for thing for you. Make sure that you won't any regret the choice you are going with.
As of now, Bitcoin is now hovering around the $16k mark and don't show any sign of a bubble, so I think it will grow even more now it is up to you on what path you will choose.

[sabingurung]

I think it's too early for Bitcoin to reach 20k $
After hitting 19k $, Its facing problem to pump and showing the dump.
All alts market are in red today and panicking.
Look like Bitcoin will do one more correction before going for 200k $.
Its time for us to buy Bitcoin in the dip.  It will go back to again 15k $ in my thoughts.

[yohananaomi]

Nothing had to be sure but just soon. Gonna be the next year in 2021 but probably not this year.
We are currently making a good rally as we enter the 3rd quarter but from that, it is really hard to keep the rising momentum, in fact, from $14k it drops back to $10k. Though we are positively getting back again to another ATH but that it needs other strong hypes to lift the market on the high level. But what we have observed this time, I think it was not enough to push the market at $20k.

Yes, friend, that predictions of an increase in bitcoin will clearly occur next year and not this year, especially at the end of the year.
There won't be any surprises for the end of this year as the current price is just enough for the expectation of bitcoin.
so that in the next few days the price of bitcoin will decline. so at the end of the year it will be around $ 15K - $ 16k only and this is a good thing for bitcoin.
because a sharp increase will occur in the next year which is expected to exceed the period 2017.

[lepbagong]

Given the increased interest in bitcoin, which is confirmed by the large-scale growth rates of bitcoin capitalization in the cryptocurrency market, its price will rise rapidly and it is quite possible that we will see $ 20K before the end of the year. CoinMarketCap indicators eloquently confirm this.

different analysis is a natural thing and can happen in crypto, if you look at the market cap it can happen, but I do not believe that bitcoin will reach $ 20K by the end of this year. In fact, I have faith that at the end of the year bitcoin will decline and will not give a good surprise. but next year bitcoin will take up that role, to increase sharply.

[Sanitough]

Given the increased interest in bitcoin, which is confirmed by the large-scale growth rates of bitcoin capitalization in the cryptocurrency market, its price will rise rapidly and it is quite possible that we will see $ 20K before the end of the year. CoinMarketCap indicators eloquently confirm this.

different analysis is a natural thing and can happen in crypto, if you look at the market cap it can happen, but I do not believe that bitcoin will reach $ 20K by the end of this year. In fact, I have faith that at the end of the year bitcoin will decline and will not give a good surprise. but next year bitcoin will take up that role, to increase sharply.

Bitcoin has already declined, the one week increase bitcoin has accumulated has been erased by the one day dump.
It's currently trading at $17300 now, but it's 24 hours low was "16,334.00 usd"... per https://www.binance.com/en/trade/BTC_USDT?ref=H31B921U

[darewaller]

The mid-level drop is probably a correction and I feel like a great place to buy. This is not an advice because I am not an expert when it comes to investing into crypto, there are people who are much better at it than me, I just feel like crypto is not something you should be looking at where it is going right now but something you should consider why it is going that direction instead.

I feel like this one is because we tried to break over ATH price for a while and failed, which means we needed more money to do that and with this drop it could be easier to go back up and break ATH, correction and accumulation periods are always needed for a try to go higher and this could be that type of drop. Of course it could also be price finally going into bear mode as well, I wouldn't know.