Will bitcoin hit 20K in 2020?

[Utagawa]

Wouldn’t it be the opposite? I think altcoins would go up with bitcoins in the bull market scenario

[tervel]

Bitcoin has signaled that a bullish scenario could play out throughout 2020.During this period, consistently high correlations are seen as was previously the case with large-cap altcoins such as Bitcoin Cash, Ethereum, Litecoin (LTC), NEO, TRON (TRX) and XRP.

[mlawson71]

So you think those altcoins will rally too then?

[Senin]

In general, I do not see any serious obstacles to a good increase in the price of bitcoin and cryptocurrency in general. The general attitude of world states towards cryptocurrency is positive. However, unpredictable events remain, such as the current spread of coronavirus, which not only collapsed all markets, including causing a 30 percent drop in oil prices, but could also cause a global economic crisis if this virus continues to spread for a long time. We cannot foresee these situations.

[Kusuma]

I'm not sure if bitcoin rises to 20k by 2020, market conditions are still worsening and to reach the price of 20k I don't think it can be in 2020.

[mlawson71]

The market is crashing because of the health crisis and Bitcoin is no different. It's a little over $5,600 now.

[Lanirex]

Currently the price of Bitcoin is quite low, to get to the price of $ 20k is very high, although that could have happened because the value of cryptocurrency is fluctuating.  But I am not sure that in 2020 Bitcoin will be able to achieve that value.

[rapheal]

some weeks ago the bitcoin halving was ended also its trading volume and the number of investors are increasing day by day. Therefore when looking at this,I think the Bitcoin price is more likely to rise $20000.

[BradSow]

It's likely Btc will go up again. The price is now $9,098 and it's just a little bit away from reaching $10k.

[wahyudi]

The price of bitcoin is predicted to rise again in 2020 because fewer coins are being played, all of which are expressed by crypto currency experts.
 With that, coins will be increasingly scarce and prices will increase.

[highnayem34]

Bitcoin can approach the $20k level in 2020/2021, but not necessarily because of prior year’s trends.

It is easy to say that it will reach $20k IF it follows 2016′s trends.

I feel it will have a chance of approaching the $20k level because of fundamental growth in usage of the peripheral ecosystem.

I believe the balance of 2020 and into 2021 will help prove out the core construct of the decentralized financial landscape,” more specifically “the foundation of a decentralized financial network that can serve as a hub for payments, remittances, lending, insurance and investments globally.

[alltalk]

It is easy to say that it will reach $20k IF it follows 2016′s trends.

Of course, it should reach $20k if we consider the trend in 2016 but unfortunately, the current situation is much different than in 2016. We are in a crisis because of Covid-19 and many investors probably face financial problems. In this situation, the trend may change and the result isn't as huge as in 2016. However, I also still hope that the trend is still the same as in 2016 even it may be a bit less explosive. 

[TERMINO]

I think there is a tendency to hit 20,000 bitcoin value if there are something amazing happen like when one step at a time uniformly done, one day the price could spike to desired output.

[Quart]

Before halving, I really believe that the BTC will reach at least $15k. However, after looking at the price of the market currently, I don't think that this coin will reach that ATH. Well, probably it will be increasing, but reaching $15k is a way to maintain it

[Alter]

It is possible but I don't think it will happen in the near future. Bitcoin is still struggling to move up to $10K, but it seems hard to break it in the next few days. I think we need to wait for several weeks to see the Bitcoin rising up again. And for $20K, it may take some months.