What's the next Bitcoin´s NEW 2020 HIGH?

[TitanGEL]

I dont want Bitcoin to hit the previous all-time high in 2020.
(....)

I think this time is extremely different. The hype on Bitcoin is still low compare before when we are the same price as now.
There is still a lot of room to go especially if you will check the chart and use a momentum indicator like RSI.
I also want that Bitcoin will make a healthy price action upwards and some price correction before creating another new all-time-high.

The current RSI is now high but for me it is not a bad thing and it is actually a good thing because it is a sign of a strength in the current trading system that I use. There are many setups in this kind of market structure because you can trade breakouts with high where it can give you high probability of win rate. I also like to see small consolidation or a healthy pullback before the price of the bitcoin will manage to get near or to successfully breaks the current ATH. The market sentiment is continuing to become better and many investors are now focusing to the bitcoin and I think it is the reason why the market dominance of the bitcoin is continuing to increase.

[ultrloa]

~snip~
What is the next NEW HIGH you think?

Unpredictable at the moment. That's all I can say about btc price now. Cause different article, news and analysis said a lot of things but nothing came true. Bitcoin price just going up continuously and not showing any backward move. So it's hard to say that bitcoin price will reach at which mark within this year. Maybe bitcoin will cross it's previous ath price.

The trends continue and now has reached closed to 16300$ so happy that bitcoin has being able to cross quickly above 16k mark. Who knows in 2020 only we may see it close to 20k mark and creates a ATH which we have being waiting for years now to see that price.

There's a sudden pull which can give us opportunity to buy and the current price for now is at $15,900 level so maybe it's good to act while the market is doing some backward movements since provably in the next following days we can see some several pumps until the end of this year and many are hopeful to see if we can reach for the past ATH this year so for sure this will add a good possibilities to gain positive outputs.

[davinchi]

As long as we break our old all time high I will be happy about it, I am not going to lie and say that I know how high it could get, it could be 21k or it could be 1 million and I wouldn't know which one will happen beforehand, if I knew it I would have invested and divested multiple times this year.

However what I know is the fact that bitcoin will go up, maybe tomorrow or maybe a year later but 16k is not the level we broke and will stay here forever, it is just another level we had to break in order to go bigger eventually, I know this and acted accordingly and bought and hodl in order to profit in the long term. So, if you want to make sure you profit, you should buy and hold, if you want to make bigger profit, learn to trade ups and downs.

[Ridwan Fauzi]

The market sentiment just fulled by FOMO, I'm not expecting bitcoin price can touch another all time high at the end of this year. I just want to the price movement just move slowly so as there is no big correction comes. As you can see at 2017 ago, it just need one year to reach all time high that far from its original price $900. And then the correction came that make bitcoin price touch $3500 at the next year, it was really crazy right? I mean, I'm not expecting the situation comes for the second times. Like just gold price movement, its price just slowly to touch its all time high and now when the correction comes it just need $1000 to reach.

[Reid]

A 2017 deja vu.
Might have bumped into the same question years ago before $20k.
Another ATH is scary.
It may cause another huge dump and may lead to some HODLers thinking about just selling all the way since they can buy back at a lower price.

I'd rather stay with this number and savor it. Take another year before it gains more value. Slow and steady.

[OgNasty]

If we get to a new ATH things could get really crazy really fast.

We're barely getting any publicity right now. I have the same thought, whereas we're going to get 2017 levels of mass publicity once bitcoin has broken above ATH, as bitcoin would probably be all over the news by then. And with that, I'm also kinda expecting 2017 levels of a price bubble; fortunately and unfortunately.

Well, Bitcoin made it up to $16k slower and without that much hype this time. I honestly don't understand what brought it that high after all these years, but I think that if there's less hype over it now than in 2017, it's a good thing. I believe that because broad media coverage encourages newbies to buy out of FOMO, and then they start panic selling once the price gets a bit lower, causing a huge drop. Maybe this won't happen this time. It would be nice if it doesn't because I don't want 2018 all over again. I think Bitcoin might reach $20k by the end of 2020, but I'm not sure I want it to. The price is already very good, and slower growth or even stabilization is preferable, as for me.

It's a 4-year cycle.  We're in 2016 now, not 2018.  Next year is when the FOMO and widespread coverage will take place.  Right now we're just shaking out the non-believers who want to get rich and will sell after doubling their funds.  The rest of us are waiting for that x20 we know is coming.

[exstasie]

Well, bitcoin's recent rise to $16k wasn't like 2017-levels of fast, but it still wasn't slow either. As for what brought as to these highs without the mass hype, I'm guessing that it's actually institutional investors(though I don't have anything to back this up). It's the only thing I can make sense of besides old bitcoiners buying more bitcoin.

As far as the speed of the rise goes, it reminds me more of 2016 than 2017.

Like 2016, accumulators (including institutions, public companies I'm sure) absorbed all the supply in the previous bear market range, in early-mid 2020. Now, the price has been marked up into a new range. It's a very clear bull market, but not yet a bubble.

Now, it could play out differently this time and just go parabolic to new ATHs from here. Alternatively, we could be in a place more like June 2016, with significant consolidation to come before making that move.

Sentiment currently feels very greedy and exuberant, which gives me pause. Early 2017 was more so characterized by disbelief. People very much seem to expect another bubble (and soon) which makes me concerned than a major shakeout and consolidation may be coming sooner than later.

[lkjhg]

2020 is still 1 month to end, and the price is still stuck above $ 15000,
I think 2020 this last bitcoin price will reach $ 17000 at the end of the year,
and I can't predict too far because now the market is very volatile, anything can happen.

[iv4n]

2020 is still 1 month to end, and the price is still stuck above $ 15000,
I think 2020 this last bitcoin price will reach $ 17000 at the end of the year,
and I can't predict too far because now the market is very volatile, anything can happen.

The market is not volatile now, it's volatile since the beginnings... And yes anything can happen, at least most of us agree with that! Definitely I like the hype and how people react when prices are rising, now even $30k seems possible if you judge by the optimistic headlines around! It's funny how that's change to totally opposite reactions and headlines when prices are dropping!
Crypto twitter is on fire these days, when you give it a thought its on fire almost all the time, but now it's nice to see all of them positive and optimistic about the future of crypto!

[Jating]

If we get to a new ATH things could get really crazy really fast.

We're barely getting any publicity right now. I have the same thought, whereas we're going to get 2017 levels of mass publicity once bitcoin has broken above ATH, as bitcoin would probably be all over the news by then. And with that, I'm also kinda expecting 2017 levels of a price bubble; fortunately and unfortunately.

Well, Bitcoin made it up to $16k slower and without that much hype this time. I honestly don't understand what brought it that high after all these years, but I think that if there's less hype over it now than in 2017, it's a good thing. I believe that because broad media coverage encourages newbies to buy out of FOMO, and then they start panic selling once the price gets a bit lower, causing a huge drop. Maybe this won't happen this time. It would be nice if it doesn't because I don't want 2018 all over again. I think Bitcoin might reach $20k by the end of 2020, but I'm not sure I want it to. The price is already very good, and slower growth or even stabilization is preferable, as for me.

It's a 4-year cycle.  We're in 2016 now, not 2018.  Next year is when the FOMO and widespread coverage will take place.  Right now we're just shaking out the non-believers who want to get rich and will sell after doubling their funds.  The rest of us are waiting for that x20 we know is coming.

I agree, we're not yet in the 2017 bull run, more of still have time to accumulate, 2017 started with a lot of hope, ~$800 turn suddenly turn to $1k+, then market it goes down below the 4 digit, then goes up again in the $2k range, then the so called Flippening (Ethereum taking the top spot), price goes down again, and then Japan enter the scene pushing the price and the rest is history.

So imagine what will be the scenario next year, 2021, lots of ups and downs, first, second quarter and then boom, massive spike in the last two quarter. So it's going to be as exciting or even more compare to the 2017 eventual bull run and all time highs.

[LUCKMCFLY]

It is very likely that the price will continue to increase, following the pattern in 2017 we may have a similar movement for this year, of course it is just a pattern, it is not that it will happen, because the events in 2017 were very different from those of 2020 , but on certain occasions the market repeats some movements as events occur.

This 2020 has been a very unpredictable year, almost that events have occurred with the same volatility of the Bitcoin market, but we must not forget that for December demand increases, and this is beneficial, since Bitcoin can take a good bullish jump.

Biden's victory is yet to be seen, this December 14 everything is decided, it is still difficult to determine what may happen, this in part also affects the market, since it becomes a fundamental in the short term and with an effect on the market.

I think this year we can see the price of Bitcoin reach at least ATH, maybe by the beginning of 2021 we will be reaching new highs.

[beerlover]

At this point I know it will sound weird but I want it to stay above $16k and nothing more. It could go up and I would be very happy about it if it could go up, but the reality is that as long as we are above $16k and do not drop under it, I will be fine with it. Because we have already increased so much that we have tons of people who would be willing to sell their bitcoins and take out their profits, if we do not go up that means these people will be restless about potential future profits and could take out their current profits.

All the people who bought under $15k are potential sellers to me right now and they could all sell their coins. What I am hoping for here is just getting bitcoin sellers out of the way while staying above $16k and we would be fine.

[Oasisman]

~snip~
What is the next NEW HIGH you think?

Unpredictable at the moment. That's all I can say about btc price now. Cause different article, news and analysis said a lot of things but nothing came true. Bitcoin price just going up continuously and not showing any backward move. So it's hard to say that bitcoin price will reach at which mark within this year. Maybe bitcoin will cross it's previous ath price.

Well, Bitcoin is always unpredictable that's the reason why we create threads for speculating a certain price range, so does those news articles and other speculations tools.
And, speculations doesn't necessarily mean it'll become "true" or accurate.
Most probably Btc will close at around $18,000 by the end of 2020. Last month, I made a speculation at around $15,000 to $16,000 just before 2020 ends, but it turns out that Btc has still some fuel to climb up and we still have more than a month just before the new year.
Hopefully it'll reach new ATH.

[SquallLeonhart]

We have reached over 16k and that is a new high for the past 3 years almost, so that is great however one thing is for sure, we are not done yet and we still have 45 more days to go in 2020 so anything could happen. I feel like the best way to see what could potentially happen would be waiting and being patient because we can't predict the price with 100% guarantee.

However if you really want to have an idea about the direction at least, you should check what others are thinking about the price, go around in social media and other places and you will see that bitcoin is loved right now and everyone thinks it will go up a lot, when people think like this and they invest accordingly, the price goes up so I believe direction is still going to a higher price.