Bitcoin Price Prediction - $20,000 BTC Possible In

Today in crypto will bitcoin cross the fabled $20,000 mark this year. With many people out there giving into fear you might think that we will never see a new all-time high ever again. But I believe that the doom and gloomers are wrong. Bitcoin will hit new all-time highs. It is inevitable. The only question is when is that going to happen. Personally, I think that we might

just reach up and touch that $20,000 mark this year. The crypto mark. This is where you subscribe for all of the latest and hottest happening in crypto. Now in this video, I'm breaking down my reasons for why I think that's the case. But before I do break that down for you, if you are a trader then check out Bybit. It is an awesome exchange for longing

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leverage trading exchange and that it is for experienced traders only who understand how to manage their risk. Inexperienced traders need not apply. Okay. So let's talk about the price of Bitcoin. Now this current sideways market action that we're seeing, it has got a lot of investors spooked. They thought that we should be on the moon by now. Patience. Patience is key. Bitcoin is a game of

steady survivors. I mean seriously, you actually believe that Bitcoin is going to go to $100,000 one of these days? Because if you actually believe that, then why are you worried about the price today? Bitcoin under $10,000? That's still basically at the bottom of the new bull cycle. We just hit the golden cross and no contrary to what some may believe a golden cross does not mean

instant. Super moon. It means the beginning of a highly significant cycle. We are likely at the beginning of a cycle which could last for up to two years. So you better be ready. You better be well positioned for this cycle to take advantage of it. And you also need to ask yourself is Bitcoin at $100,000? Actually such a crazy proposition. I don't think that it is.

Let's take a look here at the logarithmic growth curve for Bitcoin. So we can actually see where the trends are moving. Now here we can see currently that we are on the lower end of this cycle. The upper end of this cycle is right around $100,000 mark for Bitcoin. And the possibility that we see Bitcoin over shoot that $100,000 mark and hit a much higher high

is very likely once retail mania takes off again. And yes, retail mania will take off again. It's just a matter of time. Also this law is going to be a little bit more difficult to get to the bottom of the market. The stock chart is very well aligned with the stock to flow chart and the predictions that that is giving us for the future price of

Bitcoin. But let's stand at the conservative end of the scale $100,000 Bitcoin at the next cycle peak. And people are getting freaked out over a five or 10% drop. Dips are for buying in bull trends. Those people who have been steadily stacking sats dollar cost averaging in and making those low risk trades. To increase their Bitcoin pile. Oh man, they're going to be super well rewarded

in the coming years. Heck, even if you bought every single top. Think about that. About every single top, you will still be just fine in the coming years. If Bitcoin gets to $100,000. Because this bullish market structure, it is still in place. Even though we have a few temporary bumps. 2020 is going to be a very interesting year. And yes, I'll get to my price prediction

for 2020 in a moment. But 2021 and likely part or all of 2022, that is when the real crazy price action is going to come into the markets. If we are to believe that the cycles will play out as we are predicting. Because the real gains come 18 months after the Bitcoin having if history will indeed rhyme. So the year they're having back in 2016 saw

some good gains, but not astronomical gains. But it was the year following the haze. And when things really got crazy in 2017, Bitcoin did a 20 X 20 X. That's wild, which is definitely awesome. But you got to keep in mind to the future. Bull run. It's not going to be all about Bitcoin. All coins are going to go insane to and for the more adventurous

investors and traders out there. That is where the real money is going to be made because just 10 X in your wealth in two years with Bitcoin. Boring man, boring. Okay, but seriously 10 X your money. That is crazy stuff without a doubt. But keep it real. A hundred X alt coin moves. That is definitely going to happen. But that's a topic for another video for

another day. And I do have that video coming. So stay tuned for that. Now looking back during the last having in 2016, the price of Bitcoin rose around 140% from $400 up to $1,000. That was something similar happens in 2020 percentage wise. Then Bitcoin will equal $17,000 near the end of the year. $17,000. Not bad. Almost double from where we are right now. However, one key

difference is that the having is about two months earlier in 2020. Then it was back in 2016. So that gives us more time for price development in 2020. So yes, a 20,000 dollar Bitcoin seems very likely. So yes, I think that's a good thing. I predict that we will reach a new all time high this year. Does that mean that we're going to hit $50,000? No,

no, no. The massive peaks. Those come later. But just crossing over $20,000. That is going to be a very, very big step for Bitcoin. And I think that $20,000 this time is actually going to be way more impactful than it was back in 2017. Fundamentally, the market has matured so much. We have so much more infrastructure right now. We have more fiat lawn rams. We have

more exchanges. We have so many more options for providers and custody and leverage trading and lending. All this kind of stuff that's happened to the crypto markets in the last few years. Very, very exciting to see how far it has developed. Now me personally, I hope that we're just going to have a nice chill rise up to higher prices. But you know, Bitcoin doesn't really do

chill. It's the crazy honey badger. Bitcoin's probably going to surprise a lot of people in its movements in the coming year. That being said, I do not think that Bitcoin will reach a new high before the having. Historically, it hasn't happened. And the way it is looking now, I don't think that it's going to happen before this having either a higher price than now. Yes, I

still think there's some pre having hype that we haven't really experienced yet. But a new all time high. Not before the having. But later this year, when we start to see the longer term effects of the having actually starting to play out with less Bitcoin being sold on the markets by the miners. Then yes, we could see Bitcoin just peaking over that $20,000 mark. But a

lot of people are really, really focused on that $20,000 high water mark. And that hitting that new all time high. $10,000 has really proven to be a very defining price for Bitcoin. I mean, seriously, we spend a lot of time talking about Bitcoin going back up to the good old days of $20,000. Let's be real. Bitcoin is at $20,000 for a few minutes on a few

exchanges. That's it. It was a very, very exciting thing. It was very, very short moment. It was only above $18,000 for four or five days. It only spent three weeks above $15,000. That was the parabolic top of crazy land. The real battle has been the struggle for staying over $10,000, which is proving to be a super important psychological number barrier for the crypto markets. But if

you think that $10,000 is hard to cross, then just wait. Wait for the struggle to crawl across the $20,000 mark. And then to stay above the $20,000 mark and watch Bitcoin sort above and beyond all of that. It's not going to be easy. I think there's going to be a lot of resistance once we start getting in those higher number areas and a few failed tests.

But when 20K does come and it will come, watch out. Normies are going to start piling in again in massive numbers. Even right now, the stats for Bitcoin are crazy. Bitcoin has been a profitable investment for more than 95%. Of its lifespan. Let the power of that fact just sink in for a second. It is massive. Stack, sats and chill, play the long game. Now $20,000.

That's just this year. But I want to play a clip from Tim Draper discussing Bitcoin for a little bit of a bigger prediction. Well, I'm still holding to my prediction. I think Bitcoin in 2022 or the beginning of 2020. I think that the reason that Bitcoin will be the currency of choice. Right now you have this choice. And Bitcoin is not as easy to move around.

But eventually it will be. And then you'll have a choice. And you'll say, hey, do I want to pay the banks two and a half to 4% every time I swipe my credit card. Or do I want a currency that's frictionless? It's open, transparent, global and not tied to any political force. I mean, this is it. At some point, people are going to make that switch

and Bitcoin is going to be the big winner. So it seems that Tim is standing by his $250,000 prediction. But just stop for a second again to imagine this. Bitcoin is going to 25X in the next few years. Why are you worrying about a little 5% price drop? There is still so much room to grow. All these amazing roads have been built. The infrastructure is amazing.

And day by day, we see more and more drivers using those crypto roads. By some estimates, we only have around 1% to 2% of global internet users that actually own cryptocurrency, which means that there is a lot of upside for new users to come on and start using crypto. We are still super early. Anyway, those are just my two satoshi's. I would love to know your

opinion. Do you think that we'll see the price of Bitcoin over $20,000 this year? Do you think that the predictions of Bitcoin hitting crazy high valuations, like $250,000? That's too crazy. Or do you see that as being inevitable? Let me know your opinion down below in the comment section. And thank you so much for watching today's video. Seriously, I really, really appreciate you for taking the

time out of your day to come and listen to this dude talking about cryptocurrencies on the internet. And if you did enjoy it, make sure to hit that thumbs up button. Subscribe to the channel if you are new around here. Long live the blockchain. And peace out till next time. Bye.