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Questions and StoriesCategory: Questions📉 Will Bitcoin Hit $20,000 by End of 2020?
David Matlala asked 2 months ago

📉 Will Bitcoin Hit $20,000 by End of 2020?

Predictions are that Bitcoin is going to rise to all-time highs by the end of the year. So says Nexo of London and other analysts.

They say this year’s rally comes from smart money institutions investing in the crypto market. Moreover, the crypto market exhibit the effects of true market forces where government and central bank interventionist policies are absent.

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It is said that if Bitcoin rockets, it tends to act as fuel for the less expensive coins like Chainlink, NEM, Ethereum and Binance Coin.

This could be good news for anyone keen to up their portfolio.

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30 Answers
Gareth White answered 2 months ago

Back down at 16800 like I mentioned in the other post it probably would before the rally higher. Not sure if it will will the 20000 in 2020, it may be Jan21 as we need more buyers back in the market and to regain some momentum

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Jackson Mugarura answered 2 months ago

Bitcoin is moving at high speed, if this trajectory continues, $ 20k is a possiblity.

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Steinar Kloverod answered 2 months ago

I don’t think bitcoin will reach $20000 at the end of 2020.  Maybe within march 2021.

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Ahmad Khasan answered 2 months ago

The timing is not important, also we cannot accurately predict when. But the point is the price will get there, sooner or later. Furthermore, it is very obvious that the market are greedy by now. A lot of people are worried that they will miss this opportunity, thus, it seems more people enter the bitcoin market. 
 
But, for those who are careful, they will remember the saying be fearful when market is greedy and be greedy when market is fearful.

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David Matlala answered 2 months ago

It also seems as if Covid-19 is making investors see the Crypto market as a safe haven. Those who missed out on the 2017 Bitcoin rally are not going to let another opportunity go by.

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Leno Jean Pierre answered 2 months ago

It’s not far from That price, if buyers manifest their willing ; it will certainly happens, but i think i won’t be at the beginning of the year.

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Gareth White answered 2 months ago

Yep it will hit 20000 at some point. Like Ahmad said above plenty of people ready to jump in and buy due to FOMO, but timing is key!

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Leno Jean Pierre answered 2 months ago

Let us see if buyers will take the full control over the sellers,if so it will certainly happens by the end of the year.

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Muda Markus Dolopoto answered 2 months ago
If the digital currency Pi enters phase 3, the Mainnet phase, will it affect the Bitcoin price?
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Kenneth Ogbonnaya answered 2 months ago

Definitely,  Bitcoin  will hit $20000 by the end of the end of 2020.

Ramachandran Suppan replied 2 months ago

Looks like bitcoin will hit $ 20000 by end of the year. Bitcoin in upward momentum and it can reach that target sooner then expected.

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Muda Markus Dolopoto answered 2 months ago

Last week 1 Bitcoin fell from a price of USD 19,490 to a price of USD 16,422, because the Chinese authorities confiscated Bitcoin from several companies suspected of committing fraud. Today the Bitcoin price jumped up to a price of USD19,450

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Gareth White answered 2 months ago

It is looking promising and will surely hit 20000 in the next few months

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Edward Duffy answered 2 months ago

It may actually break the $20k barrier as it jumped up in yesterdays trading. It is now back to $19.4k anda high of $19.85k.
Seems like last week was a hiccup.

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Kenneth Ogbonnaya answered 2 months ago

Bitcoin is almost reach $20000 today. I believe it will reach $20000 in few days to come.

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Edward Duffy answered 2 months ago

Bitcoin appears to be struggling to get through the high that was established in 2017.
It may succeed but is certainly appearing to struggle to get through this mark. It may have broken the high but is yet to go too much further.
Lets see what happens overnight.

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Muda Markus Dolopoto answered 2 months ago

If Bitcoin breaks USD 20,000, then Bloomberg said: “according to speculators by the end of 2021, it could hit USD 100,000.” But it must be noted, what if Pi, the new digital currency, starts trading on the exchange. Will there be price competition?

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Leno Jean Pierre answered 2 months ago

I’m not seeing bitcoin reaching that level by the end of this year. Probably in the first semester of 2021 if buyers take control of the market.

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Edward Duffy answered 2 months ago

It appears that Bitcoin is have trouble breaking through the high that was set back in 2017 as it has now fallen back to just over $19k.

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Eli Davis Keinamura answered 2 months ago

Bitcoin is likely to hit 20000 points level before the year.most individuals and speculators have predicted to hit that level and high chances are in it’s favour.

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Kenneth Ogbonnaya answered 2 months ago

Bitcoin will definitely reach $20000 mark by the end of this year 2020. Yesterday, 02/12/2020, Bitcoin reach $19926, I know it hit $20000.

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Gareth White answered 2 months ago

Looks like a Bollinger Band Squeeze form – which way will it shoot? Possible back up to 19800

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Gareth White answered 2 months ago

On the daily chart its bounced off the middle BB so should push up

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Muda Markus Dolopoto answered 1 month ago

Today the Bitcoin price fell to touch for the second time at the Fibo level 23.6. It is estimated that next week the price will bullish.

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Muda Markus Dolopoto answered 1 month ago

Today 12/16/2020  Bitcoin breaks USD 20,000

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Leno Jean Pierre answered 1 month ago

Today’s trend shows a value of USD 20.000 on the chart. Bitcoin is raising every day.

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Kenneth Ogbonnaya answered 1 month ago

Long awaited $20000 per Btc has been reached today. Kudos to Bitcoin whales.

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Jackson Mugarura answered 1 month ago

That’s great for the guys who own Bitcoins. Kudos to you guys.

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Muda Markus Dolopoto answered 1 month ago

As of 12/17/2020 the Bitcoin price reached USD 23,788

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Muda Markus Dolopoto answered 1 month ago

In my opinion, the criteria for buying Bitcoin are open BTCUSD chart and analysis based on the knowledge we get from LuckScout, which is looking for a strong setup.

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Edward Duffy answered 1 month ago

In overnight trade the price of bitcoin got to $US23.8k.
I have been really busy so did not check the charts in the last couple of days.
Where will it go from here??

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