What are the economic and political dynamics that can positively drive bitcoin price to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?
We can slowly see that we are getting out of the market correction which happened due to ATHs went so fast. It is possible to hit it again I mean you never know how situation will unfold, other thing is that I do not think it will happen but it is still possible.
So far, we have switched to an uptrend and the same way the market when it switched to a downtrend tried to break so many support downwards e is the same way we are going to have this one trying to break so many resistance upward. However, like you said, we can never know how things will always turn out. We may be in a trend now and it can reverse at any time it wishes. It is just how things are most of the time.
My guess would really be mainstream adoption, having a full confirmation that even during an extremely heavy usage, the scaling issue has been solved to some extent with the segwit adoption, and the fact that big merchants are adopting it, will definitely give us the chance to see the market at that level anytime soon. No one can say if this is possible before the end of first quarter, but if I am to say from the look of things and the possibilities of how the market plays, I would say forget about the end of first quarter.