Will Bitcoin reach 20k $ in 2021?

[sabingurung]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

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[Sebas.tian]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

Not even the so called experts have been able to currently speculated the price of Bitcoin from inception, maybe the price of Bitcoin will go way downward than what we see or move upwards from where we are right now. Honestly, the recent dump in Bitcoin price and fast recovery should be a good signal for everyone in the community not see Bitcoin ways we see it yesterday becasue it has adopt a new approach in term of it price. 2021 will be  great year in cryptocurrency from the look of things right now, let keep hope alive as the future can't be known.

[kryptqnick]

I think it can still happen, but now is a turning point if we consider the past. Bitcoin is a bit down already, and it can go for stabilization somewhere around $15k-$16k; it might go up again after this correction and reach $20k even before the end of 2020; it might go down and down, like it did the previous time back in 2018. I think the last option is most likely because the price went up too fast and surely many people are still willing to cash out. If some news hits the media (something negative, like it was with South Korean exchanges and regulation issues in 2018), it can easily trigger panic selling. And after panic selling, we might have another few years without the price above $15k.

[Lucius]

You are asking a question to which there is no precise answer, but we can only speculate what will happen taking into account what happened in the past, and what is happening today. I personally think (and this is no financial advice) that the chances that BTC will reach $20k over the next year are very realistic and that everything else would be a really big surprise.

What happened at the moment with the price is only a small correction (small compared to the overall growth in the last 30-60 days), and for most something that was expected. For me, anything above $15k is a great success for this year, which is more than challenging if we just look back 6-7 months when it seemed that the entire market was falling into a huge black hole from which it would not be so easy to get out.

[Casdinyard]

At this moment it is harder to foretell whether it will still have the chance to recover knowing how huge the dump is, within few days. Unlikely last week wherein the market value is close to its ATH, the market price at this moment is on downward motion. But that's for this year, next year is another story wherein Bitcoin's market value will have a longer time to prepare but let us hope it will be able to do so, as early as possible because this market is wanting a new ATH for more than two years already.

[Oshosondy]

If we can check the current price of bitcoin, the bull back that happened recently are not so strong and if later bitcoin is not able to break the $16600 support, there could be more chances that it will rise further, but we should know that if bitcoin get to $19000, there will possibly be strong support at the price, a support that could drive bitcoin up to all time high. This could still happen this year, but more likely bitcoin will break $20000 next year.

[Question123]

Don't lose hope because it's part of the process that bitcoin will decreased the value. This year probably is still possible for the bitcoin to hit the price of $20k because yes the price now is $17k and only $3k is needed to reach of what we want.

In the year 2021 it will grow more the value of the bitcoin not only $20k but more than of that price . But if people panic and start selling don't expect the price will hit again the $20k and I hope this time everyone will be united.

[cosmofly]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

It seems that you are quite pessimistic about the price of Bitcoin in the years to come. To me, Bitcoin will soon surpass ATH in 2020 and will make a new peak in 2021. As you can see, Bitcoin was halved 6 months ago and all the bitcoins on big exchanges are withdrawn to cold wallets to hold. With whales doing so, it is certain that the future of Bitcoin will be very bright in the coming days.
This strong correction is normal, no asset can increase forever. Vision and patience will be the key to making the most of this bull run.

[CFDtrader]

I think there is a good chance that Bitcoin will exceed $ 20,000 in 2021. It has to do with inflation expectations, among other things. With the money presses running at full speed all over the world, many investors expect rising inflation in the coming years. Bitcoin has a controlled declining inflation and is therefore attractive as an inflation hedge, just like gold. In some currencies a new all-time high has already been set in recent days. For example, take a look at the Bitcoin price in Indian Rupee.
It's only a matter of time before we hit a USD all time high.

[pawanjain]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

2021 is still far ahead. We still have many days left for 2020 to end and I am truly optimistic with Bitcoin going ATH by the end of this year.
Even if BTC doesn't cross $20k by the end of 2020, it should probably cross the ATH in 2021 since the market is filled with positivity.
With more number of institutional investors joining in and Paypal implementing bitcoin in 2021 things might go well for bitcoin in the next few months.

[Sterbens]

In my opinion, not completely guaranteed to hit $ 20,000, because basically bitcoin did show its ferocity in the market last week. But for 2021 I think it's very difficult to decide whether to hit $ 20,000 or not.

but personally I certainly really hope so, that the following year is the peak of bitcoin's glory.

[passwordnow]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

As always? you mean bitcoin has always been at the bottom price of your expectation? You have to appreciate that with all of those skyrockets, you are looking at it as a mere pump. I want to give you some encouragement and say that it's possible to reach $20k by the end of this year but, at the same time I also want to tell you that we don't hold the prices and we actually have no idea if it will. What's best you can do is to believe and hold on it.

[Mahdirakib]

Still more than a month left of this year. Bitcoin reached above 19k usd few days ago and now the price having correction. There is high chance that bitcoin will cross 20k dollar when this circle will over. But no one can give any surety about bitcoin price movement. If bitcoin don't reach 20k in this year, probably we will see it in 2021.

[sapnu]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
Share your own thoughts and let us know friends.

Bitcoin had rough years after the dump that occured after the last highest pump but it soon recovered just within the year. Obviously, there's a possibility that it will occur once again so make sure you handle your holdings wisely. There's a possibility bitcoin will once again reach 20k dollars or higher but we should also stay lowkey and be aware that it might remain below 17k dollars, just stay careful with your investments and holdings.

[crypticj]

it may reach 20k even in 2020 if will see another one good pump

[palle11]

but we should know that if bitcoin get to $19000, there will possibly be strong support at the price, a support that could drive bitcoin up to all time high. This could still happen this year, but more likely bitcoin will break $20000 next year.

I think sometime in 4-5months ago we also saw that kind of pull back when price hit around 12,000 and went back to 10,000 and later dropped to 8,000 and back to 10,000 before climbing above 12,000 to achieve the current bull. The same can repeat for price to start appreciating again to go back to 19,000 . I don't know if 20,000 is possible this year because we have only a month to run.

[error08]

Bitcoin has a 90% chance to reach $20k by the end of this year, no doubt about it.
Although it was corrected after failed to break the resistance level at $19,5k and fall to $16k but it seems slowly recover at the moment, probably gain the momentum to push to the barrier once again, hopefully could reach $18k tomorrow.

[kentrolla]

Ahhh, I can only say anything can happen because no one in the globe can predict the nature of crypto currency. Predictions are a kind of satisfaction and Ray of hope to me, as far as I know BTC pumps once in three years like it is happening now also the price of BTC goes down after January had become common so I am not sure about next year.

[Ayiranorea]

but we should know that if bitcoin get to $19000, there will possibly be strong support at the price, a support that could drive bitcoin up to all time high. This could still happen this year, but more likely bitcoin will break $20000 next year.

I think sometime in 4-5months ago we also saw that kind of pull back when price hit around 12,000 and went back to 10,000 and later dropped to 8,000 and back to 10,000 before climbing above 12,000 to achieve the current bull. The same can repeat for price to start appreciating again to go back to 19,000 . I don't know if 20,000 is possible this year because we have only a month to run.

Yes, the price of bitcoin this year was found low around $4000. From that what the price at present is very big. For the same it has took months. In between after reaching high price it dropped low as mentioned above. I find the ongoing market changes to be the same, now once again it has started to grow after price drop. As we've got one more month, reaching $20k isn't a big deal.

[exstasie]

After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?

This is just a shakeout. And since the market has been ranging the last two days (rather than selling off) I'm not even confident it'll get any deeper yet. Need to see how price reacts to the $18K area. A stiff rejection in the 0.5-0.618 retracement area off that resistance could trigger another a leg lower. If on the other hand we keep floating up through the $18,000s then I'm inclined to think this was just a short-lived bear trap.

Bitcoin is definitely going to reach a new ATH by 2021. This year is still possible too.