Do you think that the price of bitcoin is going to exceed 20,000$?

[imran101]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

[namcunguyen]

It would be really fun if Bitcoin hits $20,000. Because that's good news for our community. I also hope the end of 2020 the day Bitcoin will break the old price and set a record in the crypto market. We cannot be sure of anything but I have hope because I love Bitcoin.

[passwordnow]

It would be really fun if Bitcoin hits $20,000. Because that's good news for our community. I also hope the end of 2020 the day Bitcoin will break the old price and set a record in the crypto market. We cannot be sure of anything but I have hope because I love Bitcoin.

Old price? old ATH? is that what you meant? well, it has already broke the past ATH if that's what you're thinking. Look at bitcoin chart and check for the past days/weeks and witnessed that you've seen it broke the ATH of 2017 but you just didn't saw it personally hitting.
@OP you've asked this 10 days ago and the price was sitting on $19k so obviously that would be possible to happen. If you don't have any timeframe or deadline when it should happen, much better because it will.

[Fortify]

It's a good bet that Bitcoin will be hovering over the $20,000 mark throughout next year. I think there is still a bit of lag time where people who were interested in Bitcoin in the past will see it is heading up again and be tempted to buy back into it. That along with all the corporate interest in it from the likes of Paypal, Square, the Winklevoss twins and many other money managers is going to reduce the supply. There is also a natural element where small amounts get lost in wallets or owners die which causes the available pool to shrink even further.

[LogitechMouse]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

Right now the price of Bitcoin is slowly increasing after its correction days ago.

This can be another chance for Bitcoin to go pass through the $20,000 level. Many are saying that it can happen this year but for me the chances of it are low. It would be better if it will happen at least at the first quarter of next year. Anything is possible though but this scenario has a low chance to happen. I would be happy if the opposite will happen

[fortunecrypto]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

*
This is the month that people are very much into speculation, halving just finished, PayPal is now supporting Cryptocurrency and many institutions are coming up to support Bitcoin but the price is not moving like what we are expecting, there is speculation that miners are selling their shares, it's still 50/50 and we will only know after the end of the year.

[Jawhead999]

This is the month that people are very much into speculation, halving just finished, PayPal is now supporting Cryptocurrency and many institutions are coming up to support Bitcoin but the price is not moving like what we are expecting, there is speculation that miners are selling their shares, it's still 50/50 and we will only know after the end of the year.

The price already moving and it's also broke the past ATH even though not reaching $20,000. IMO there's a lot people selling his coins quickly to get profit, so it make the price dump.
But Bitcoin still in strong resistance on $18,000 it pretty possible to reach $20,000 in this month.

[Kemarit]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

Anything is possible, we are just above a couple of thousands of dollars, so there is a big chance that in the coming days, we might see a break out run to $20,000 prior to the holidays. Previous history shows that, so I would not be surprised if the trend continues.

But in the worst case it did not happen, then all we can do is wait, no need to rush, we have a lot of leg room to work out ass off to reach $20,000++ next year.

[newwest]

It would be really fun if Bitcoin hits $20,000. Because that's good news for our community. I also hope the end of 2020 the day Bitcoin will break the old price and set a record in the crypto market. We cannot be sure of anything but I have hope because I love Bitcoin.

From ystd we are again started to see some revive happening in the bitcoin prices and started to bounce back. this is a good sign and now moving closer to 19k. The major problem arises when it is near 19.5k and then we see the drop starts to happen as could not sustain above it. If it can manage to stay above it then we might even see 20k this year only.

[michellee]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

If bitcoin can not exceed $20,000 this month, we don't have to worry because bitcoin price will have much time to pump. I believe that bitcoin will finally break $20,000, no matter if bitcoin needs more time to increase. I am sure people will accept that and they will still wait for the bitcoin price to rise. The market situation becomes better than a few days ago, so I expect that we will see something good with bitcoin. But we need to prepare for anything that can happen to bitcoin because no one will know what will happen later.

[Searing]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

If bitcoin can not exceed $20,000 this month, we don't have to worry because bitcoin price will have much time to pump. I believe that bitcoin will finally break $20,000, no matter if bitcoin needs more time to increase. I am sure people will accept that and they will still wait for the bitcoin price to rise. The market situation becomes better than a few days ago, so I expect that we will see something good with bitcoin. But we need to prepare for anything that can happen to bitcoin because no one will know what will happen later.

I think that Bitcoin will NOT exceed $20,000.00 till well into the year 2021. Maybe if we are 'really' lucky I'd say by the end of March 2021.

My reasoning after being into BTC since the day I started on her of April 13th, 2013 is the pattern I've seen over the last 7 to almost 8 years since.

ATH then FOMO then FUD.

First, you have an ATH (All-Time-High) then you have the PUMP and FOMO (Fear Of Missing Out) then lastly, the most painful FUD (Fear/Uncertainty/Disinformation)

In other words, the ATH gets Bitcoin/Crypto a LOT of attention...as it has, as just now, 'puttered' up to that ATH again after 3 years or so.

then the 'powers that be' as I like to call them Govt/Traditional Finance/Banks/Centralized Power/Elites/ etc. All go 'damn' when did BTC/Crypto

slap back as a 'thing'? Last we looked it was 12/24/2018 and BTC went from the last ATH down to $3,900.00 USD or so.

So the FUD kicks in. Got to 'slap' this idea of decentralized power back in its place. Like the USA powerful just tried to do with that 'pesky' decentralized

Presidential Vote in this last election or gerrymandering districts to concentrate political power or stopping decentralized labor reform, etc. Too frigging

dangerous. Again, they will 'fail' at this, but this is the usual 'slap-back' I've seen about 4x since 2013. If I still had 'courage' like when I had no $$$

alas, no balls anymore to sell BTC on the dip and re-buy. Now safer just to HODL/HOARD But anyway, always a 'slap-back' of anything to do with

decentralized wealth and/or power from those that love the status quo and have $$$ and power. The essence of a Political Science Degree Indeed.

So the Federal Govt will likely IMHO, pass the regulation, in the dead of night with no hearings, and make self-hosted wallets unusable at best on

USA crypto exchanges unless you can do KYC (Know Your Own Customer) both ways on any BTC address transaction. Which of course, is unworkable,

and likely enough pushback by big shots in BTC/Crytpo to be reversed, but this seems to be a deal with ALL the fast track regulations being slam'd

out by the former Trump Administration so I'm sure we won't be left out. This means, ahem 'cheap coins' the price will be slap'd down by such

an action and the resulting few months of confusion at best until the Biden Administration would, under pressure, fix this in a more sensible manner.

The other thing, of course, black swan event wise also, is that Mt.Gox is going to release $2.6 Billion USD of Bitcoin from the 2014 settlement of,

exchange going under. Again, best case, short-term price shock IMHO, due to the fact if you are such a legacy Bitcoinner from back in 2013 and 2014

you had Mt.Gox Bitcoin you may get back, you are just gonna move the stuff to a different wallet maybe or your Trezor and HODL is my guess.

But things in the best light will dump price to about $12k to $13k IMHO before resolving over our 'lovely' pandemic winter, so it will

be 'cheap coins' and I should buy some more BTC dust. If I am wrong and all this stuff makes it a lot worse, I'll have more to worry about with

my BTC Hoard/HODL stuff...that the BTC dust I will lose by buying in 2021 on the assumptions on the 'dip' in prices above...I will not notice through

the sobbing and the tears, if we have to wait for another 3 years till another ATH and $20,000.00 BTC. I hope I'm wrong, but that has been the pattern

sucess (ath) fomo (adoption) fud (slap back)

So the choices are, this too shall pass and if it takes 2-3 months of price confusion and FUD ..but as much 'cheap BTC/Crypto as you can!... If I am wrong

then the BTC dust I 'gather' on the way down in price above if there are more long term or year(s) to come back to the ATH,

the BTC dust I spent on the way down won't matter.

I'll be crying like a 7-year-old child if I have to start at 8K coin again and wait 2-3 years for $20,000 or next ATH yet, again. God help me if I have to face

below $10k BTC again. I may be inconsolable in my grief. Ack! The Horror! Ack!

Thus the choice is easy, may as well be optimistic and buy BTC dust in mass quantities if possible and cross fingers. The alternative of either of the above

having long term multi-year effects from re-acquiring the ATH or $20,000 BTC is to 'horrible' to contemplate!

Brad

[Saisher]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

Why not we still have three weeks before the end of the year Bitcoin can still make a big pump and jump to $20000 if we beat the March market crash when news of the pandemic break out, it's also possible that we can still reach another all time we never know what whales are thinking now but until we bid 2020 goodbye there's still hope.

[blckhawk]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

The resistance is quite strong in fact the price even drop at $17k usd however, the price goes back at $19k usd and I hope this will continue. Though Bitcoin movement is vague right now and we cannot definitely tell what is going to happen I still believe that it will go beyond $20k usd. We're only at the beginning of the month of December and we have plenty of time yet the price goes back at $19k usd so I think it is possible.

[buwaytress]

And here we are again, Sunday bulls pushing us back up above 19300, and 20k just looks so tantalising with still about 2 weeks odd to get that momentum going.

Psychology is crucial here so I think the smart money is on a new ATH before 2020 but that is bound to crumble in the short term. Thinking of every 2017 person who bought at the top just waiting 3 years to break even and exit safely.

[el kaka22]

Honestly looking at how bitcoin already broke over $19k once again, we are in a situation where nothing is guaranteed anymore. I can tell you that bitcoin could break over $20k finally and be done with this waiting, which will be a period where we will not know if it will go under $20k again or go higher, or I can tell you that we will drop again just like we did the last 4 times we broke over $19k too.

Both of those options are quite possible, usually when price gets stuck and can't move down or up in any direction and just goes between two spreads like this where it moves between $19.5k and $17k and doesn't go under $17k or over $19.5k that means we are going to eventually have a HUGE movement. I don't know where the next movement will be but I can guarantee you it will be bigger than 20% for sure.

[thecodebear]

I think it is highly likely Bitcoin breaks $20k this month. After every drop Bitcoin just keeps going back up to the $19000s. There have been two main drops since it hit $19k a few weeks ago and the second drop was more shallow that the first. Supply is beating massively eaten up by institutions and wall st investors. Bitcoin's time under $20k is getting very limited as there just simply is not enough supply to keep the price under it.

[robelneo]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

If within this month there is no certainty we could attain it or we could not, but if next year there is a high probability that $20000 is attainable but eventually Bitcoin will reach $20000 only the time frame is the question, I don't see Bitcoin on $15000 next year it will be traded on the $20000 level once it reaches it and a correction was made.

[militiariko]

At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?

ofcourse some day soon, bitcoin price will exceed 20,000$ sooner or later; and if we are being frank, investors are not worried about that. My question is that; when did you get into bitcoin? this will determine if you should wait for profits or take in usdt in case of a potential price correction. My advise remains that you should do your own research

[Kelvinid]

The chances are there but unfortunately, we never know when. I can't see it in my crystal ball, honestly.

Well, we live that kind of encouragement. $20k, $50k, in fact, some say that Bitcoin will reach $100k in the future. Either these things are possible or not, but we can't also think that it is totally doesn't have any chance. of course, there is but the problem is if we are able to wait that moment, or our trust just dies shortly.

[Stedsm]

I believe that the ATH buyers of last time will not sell early because now is the time for them to hodl more as the price tries to make new history. About breaking $20k this year, I completely agree with your opinion OP that BTC won't be able to cross above that area before the end of 2020 due to certain reasons, one of which is the ongoing issues in the world due to which even investors have been sidetracked. There was a rumor that self-hosted wallets will be banned but I don't know how true is it!