Bitcoin at 20000 USD by end December?
The rally continues
Bitcoin is on a roll, and the way things are looking right now, I think the rally is far from over. The amount of Tether is rising, which has always brought extra volume to Bitcoin, the economic and political situation is favoring Bitcoin extremely. And the mainstream has discovered Bitcoin more than ever before.
So, the big question is, where is this heading? My prediction, which is really worth shit, but still, it is a prediction, is that Bitcoin will break its all time high before the end of the year. Once that 17000 USD mark comes close, the shit will hit the fan, and the FOMO will become too hard to resist for a lot of people and institutions. Bitcoin will jump like never before, in my humble opinion. But then what?
In 2021, what will happen then? I expect a retracement, which would be completely normal, some bags offloading off course, but that won't take long, especially with Biden becoming president of the US in January. I expect people to become a bit wary of the US Dollar, and Bitcoin will rally even more as a new safe haven! Next year, I believe 50000 USD is really an option!
Oh well, we'll see, but interesting times ahead!
Sincerely,
Pele23
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$20k BTC would be awesome by year end but I personally don't see it happen. Rather, it could be possible for ETH to spike into the upper percentile of $1k. Let's keep being optimistic though.
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I disagree. I think the momentum is there to push BTC to $20K.
It would not surprise me to see another major corporation announce a large investment in BTC out of their reserve funds.
Plus Grayscale is still receiving a ton of funding, pushing them to buy more BTC.
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I see both BTC to $20,000 and ETH to $1,000. Once BTC crosses $17,000 as @pele23 said FOMO kicks in.
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It would be cool to see BTC at $20k. But can the 2017 drama truly replay itself?
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I think yes, but not too soon.
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I think you could see a push the next 6 weeks. There is momentum behind Bitcoin right now which is going to have an impact upon the price.
I do not see a big pullback in the short term. As we enter the new year, we could see a breather which pushes the price back down.
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Good point.
BTC seems to have not burned all of its current fuel and once it blasts through $17,000 it's just thin air to $20,000. It's natural to correct once it gets to $23,000 or so.
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Looks all but inevitable now.
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It could be, I have 0 btc though, I think it is outdated compared to Hive/LasseCash.