Will bitcoin hit 20K in 2020?

[maddisson]

I have confidence in my long-term analysis, but I see myself more of an investor than a trader. I only care about really long-term price, not short-term price. I don’t think the current or near-term price of Bitcoin to represent how much its worth. In other words, I do not intend to use BTC as a currency on the foreseeable future.

Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend forex #spam Investment Platform and cloud mining(forex #spam.io) as it has been relatively on for a while now as it was launched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s on your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.

Will the summer be kind to Bitcoin? Will we see a massive retracement back to the 20-day EMA or will Bitcoin continue to moon to new yearly highs?

Looking at the chart above, it’s easy to guess what I think will happen. As long as that green line stays intact and price manages to stay above it, I expect Bitcoin to continue pushing higher and higher.

You can see from the chart that the 50-day EMA has crossed the 100-day EMA, and the 20-day EMA is already above both of them. This means we’re clearly in bullish territory.

Moreover, Fibonacci levels show BTC is already holding on to the 0.5 retracement level. The next one will be the key 0.618 level, around $13,500. If Bitcoin manages to surpass this level and get to the 0.786 retracement level, going higher than $16,000, I see little reason for a major retracement back to $8,000 or so.

Sure, we can expect BTC to hit key support levels along the way, but the trend line is on quite a positive slope. And as they say, you should never go against the trend – just ride it for as long as possible.

If you inspect the chart closely, you’ll see there’s a little tunnel connecting the lows of 2018 with the highs of 2017, which by chance of the mighty trading gods happens to cross exactly over early January 2020.

What I think this means is that there will be a huge push towards new highs during the New Year. More adoption, more institutional investors, and a further push for Lightning and lower transaction fees will help Bitcoin’s price maintain its positive slope.

Additionally, we shouldn’t forget Bitcoin is a living organism. Through the implementation of Segwit, Signature Aggregation, Taproot, Graftroot, and Scriptless Scripts (smart contracts on the Bitcoin network), we can expect the king of cryptocurrencies to become even more resilient and easy to use.

Of course, my analysis could be entirely wrong, but I intend to keep checking how my trend line is holding up. Again, if Bitcoin is able to keep pushing forward, my bet is on a $20,000 Bitcoin by 2020. Wouldn’t that be the cherry on top of the cake?

https://finance.yahoo.com/news/bitcoin-hit-20-000-january-140013137.html?guccounter=1 [nofollow]

[naitik01]

According to predictors, bitcoin will rise with a new ray in 2020 and will also cross the 20k level. Hope we can get results after May.

[Doctor]

I have confidence in my long-term analysis, but I see myself more of an investor than a trader. I only care about really long-term price, not short-term price. I don’t think the current or near-term price of Bitcoin to represent how much its worth. In other words, I do not intend to use BTC as a currency on the foreseeable future.

Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend forex #spam Investment Platform and cloud mining(forex #spam.io) as it has been relatively on for a while now as it was launched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s on your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.

Will the summer be kind to Bitcoin? Will we see a massive retracement back to the 20-day EMA or will Bitcoin continue to moon to new yearly highs?

Looking at the chart above, it’s easy to guess what I think will happen. As long as that green line stays intact and price manages to stay above it, I expect Bitcoin to continue pushing higher and higher.

You can see from the chart that the 50-day EMA has crossed the 100-day EMA, and the 20-day EMA is already above both of them. This means we’re clearly in bullish territory.

Moreover, Fibonacci levels show BTC is already holding on to the 0.5 retracement level. The next one will be the key 0.618 level, around $13,500. If Bitcoin manages to surpass this level and get to the 0.786 retracement level, going higher than $16,000, I see little reason for a major retracement back to $8,000 or so.

Sure, we can expect BTC to hit key support levels along the way, but the trend line is on quite a positive slope. And as they say, you should never go against the trend – just ride it for as long as possible.

If you inspect the chart closely, you’ll see there’s a little tunnel connecting the lows of 2018 with the highs of 2017, which by chance of the mighty trading gods happens to cross exactly over early January 2020.

What I think this means is that there will be a huge push towards new highs during the New Year. More adoption, more institutional investors, and a further push for Lightning and lower transaction fees will help Bitcoin’s price maintain its positive slope.

Additionally, we shouldn’t forget Bitcoin is a living organism. Through the implementation of Segwit, Signature Aggregation, Taproot, Graftroot, and Scriptless Scripts (smart contracts on the Bitcoin network), we can expect the king of cryptocurrencies to become even more resilient and easy to use.

Of course, my analysis could be entirely wrong, but I intend to keep checking how my trend line is holding up. Again, if Bitcoin is able to keep pushing forward, my bet is on a $20,000 Bitcoin by 2020. Wouldn’t that be the cherry on top of the cake?

I hope it will happen,  Bitcoin will rise and hit 20.000USD at this year 2020.  We will see the bright future  of bitcoin.  I have hold my bitcoin and waut this year,  We hope the bull market will come.  Too long,  I have hold my bitcoin and several  altcoin.

[Paha87]

Everyone who has bitcoins in their wallet believes in Its growth and hopes that it will rise to the moon. This is a normal phenomenon. I don't have bitcoin at the moment but I still believe in It, it has global support. If the first cryptocurrency grows by 50% in 2020, I will be very happy)

[abdmuiz]

Seeing the movements of Bitcoin and the different stages that the market has fulfilled, that there will be a new ATH there will be, perhaps when it reaches $ 20k it will pass quickly, although that limit is a Roof by natural definition, the new ATH must be very juicy, since the accumulation stage has been developing in the order of $ 3k and $ 6k, to be an accumulation stage it is with good dollar levels, currently there may be a re-accumulation, that means that when it increases Price will be something very big, for those in Hodl it is the smartest way for them to become much more millionaires.

This is seen from a speculative point of view of the market and, in turn, as an investor can see, since if it enters the interest based on technology, it is an advantage that Bitcoin has, there are many interests that develop as time passes, communities in speculation are created as technology enthusiasts.

[Kitme]

I believe in Bitcoin I don't know exactly this year Bitcoin will hit $20k but definitely I can say Bitcoin will cross $14k again it will happen in next three months today is the good beginning for that.

[Altcoin1998$]

Of course bitcoin will hit 20000 USD dollars within the current year 2020. Many people think bitcoin will appear in the 3rd halving. They predict bitcoin will feedback price range 30000 USD dollars. At the beginning of 2020 bitcoin stating its journey at Green peak.

[Cryptoz]

I still doubt it. Yeah, I am not really sure if Bitcoin can hit 20k in 2020. But, it probably happens in 2021, one year after halving day. But I suggest you to not expect too much. Prepare everything if there will be no high rising or bullrun in Bitcoin. We mustn't depend on the bullrun only.

[Malam90]

I am not fully confident whether Bitcoin will reach $20000 or not but i am very hopeful that Bitcoin will reach $13000 in 2020 soon. As a Bitcoin lover, i expect at least it will stay above $12000 and altcoins market go on the rise. New year started, our hope also started.

[therozaq]

I have confidence in my long-term analysis, but I see myself more of an investor than a trader. I only care about really long-term price, not short-term price. I don’t think the current or near-term price of Bitcoin to represent how much its worth. In other words, I do not intend to use BTC as a currency on the foreseeable future.

Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend forex #spam Investment Platform and cloud mining(forex #spam.io) as it has been relatively on for a while now as it was launched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s on your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.

Will the summer be kind to Bitcoin? Will we see a massive retracement back to the 20-day EMA or will Bitcoin continue to moon to new yearly highs?

Looking at the chart above, it’s easy to guess what I think will happen. As long as that green line stays intact and price manages to stay above it, I expect Bitcoin to continue pushing higher and higher.

You can see from the chart that the 50-day EMA has crossed the 100-day EMA, and the 20-day EMA is already above both of them. This means we’re clearly in bullish territory.

Moreover, Fibonacci levels show BTC is already holding on to the 0.5 retracement level. The next one will be the key 0.618 level, around $13,500. If Bitcoin manages to surpass this level and get to the 0.786 retracement level, going higher than $16,000, I see little reason for a major retracement back to $8,000 or so.

Sure, we can expect BTC to hit key support levels along the way, but the trend line is on quite a positive slope. And as they say, you should never go against the trend – just ride it for as long as possible.

If you inspect the chart closely, you’ll see there’s a little tunnel connecting the lows of 2018 with the highs of 2017, which by chance of the mighty trading gods happens to cross exactly over early January 2020.

What I think this means is that there will be a huge push towards new highs during the New Year. More adoption, more institutional investors, and a further push for Lightning and lower transaction fees will help Bitcoin’s price maintain its positive slope.

Additionally, we shouldn’t forget Bitcoin is a living organism. Through the implementation of Segwit, Signature Aggregation, Taproot, Graftroot, and Scriptless Scripts (smart contracts on the Bitcoin network), we can expect the king of cryptocurrencies to become even more resilient and easy to use.

Of course, my analysis could be entirely wrong, but I intend to keep checking how my trend line is holding up. Again, if Bitcoin is able to keep pushing forward, my bet is on a $20,000 Bitcoin by 2020. Wouldn’t that be the cherry on top of the cake?

I am not confident,  But I think Bitcoin will hit at $ 15.000 at this year.  Because I see bitcoin  has a good progress  and still potential  to invest.  I have use bitcoin for long term investment  and I wait bitcoin appear in halving.  Believe it,  It will happen  soon.

[Noverteno]

I believe in Bitcoin I don't know exactly this year Bitcoin will hit $20k but definitely I can say Bitcoin will cross $14k again it will happen in next three months today is the good beginning for that.

In the next three months, one can hardly expect a significant increase in the price of bitcoin. Traditionally, in the first months there is no good growth in the cryptocurrency market. Most likely, growth will be already with the onset of spring. Today's rise in bitcoin prices to $ 7,880 is associated with the emergence of tensions between the United States and Iran.

[tervel]

Bitcoin has been experiencing a lot of fluctuations but BTC would grow as he is counting on more institutional investors taking on Bitcoin and a steady increase in Bitcoin user base.I won't be surprised if it reaches 20k in 2020.

[dekafee79]

I have confidence in my long-term analysis, but I see myself more of an investor than a trader. I only care about really long-term price, not short-term price. I don’t think the current or near-term price of Bitcoin to represent how much its worth. In other words, I do not intend to use BTC as a currency on the foreseeable future.

Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend forex #spam Investment Platform and cloud mining(forex #spam.io) as it has been relatively on for a while now as it was launched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s on your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.

Will the summer be kind to Bitcoin? Will we see a massive retracement back to the 20-day EMA or will Bitcoin continue to moon to new yearly highs?

Looking at the chart above, it’s easy to guess what I think will happen. As long as that green line stays intact and price manages to stay above it, I expect Bitcoin to continue pushing higher and higher.

You can see from the chart that the 50-day EMA has crossed the 100-day EMA, and the 20-day EMA is already above both of them. This means we’re clearly in bullish territory.

Moreover, Fibonacci levels show BTC is already holding on to the 0.5 retracement level. The next one will be the key 0.618 level, around $13,500. If Bitcoin manages to surpass this level and get to the 0.786 retracement level, going higher than $16,000, I see little reason for a major retracement back to $8,000 or so.

Sure, we can expect BTC to hit key support levels along the way, but the trend line is on quite a positive slope. And as they say, you should never go against the trend – just ride it for as long as possible.

If you inspect the chart closely, you’ll see there’s a little tunnel connecting the lows of 2018 with the highs of 2017, which by chance of the mighty trading gods happens to cross exactly over early January 2020.

What I think this means is that there will be a huge push towards new highs during the New Year. More adoption, more institutional investors, and a further push for Lightning and lower transaction fees will help Bitcoin’s price maintain its positive slope.

Additionally, we shouldn’t forget Bitcoin is a living organism. Through the implementation of Segwit, Signature Aggregation, Taproot, Graftroot, and Scriptless Scripts (smart contracts on the Bitcoin network), we can expect the king of cryptocurrencies to become even more resilient and easy to use.

Of course, my analysis could be entirely wrong, but I intend to keep checking how my trend line is holding up. Again, if Bitcoin is able to keep pushing forward, my bet is on a $20,000 Bitcoin by 2020. Wouldn’t that be the cherry on top of the cake?

Ofcourse,  I think It will happen.  Bitcoin has potential  to hit 20k USD.  We will see the bitcoin  more valuable and potential at this year.  I hope bitcoin will appear halving and give us a lot  benefits.  too long to hold bitcoin,  I want to get profit.

[Andruha1993]

I think the price of Bitcoin can reach $ 20k this year. But that will not happen quickly. It seems to me that the price increase will be gradual and by the end of 2020 the price may be $ 20k.

[shuvenker999]

Today January 8. Bitcoin has reached $ 8,300. this gives an indication that bitcoin is slowly starting to enter the bullish area. and bitcoin has ended in falling prices. Bitcoin halving will take place in a few months. and I'm sure bitcoin will easily reach $ 20k. we'll see the effect of halving. optimistic thinking, it will be achieved.