Quote from: metallica101 on September 21, 2019, 09:12:32 AM

Quote from: bobsav2121 on September 20, 2019, 02:21:57 PM

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/

My key takeaways:

More and more people are using crypto as a way to diversify their investment portfolio
Brexit is a mess and this only helps Bitcoin
The trade war is a mess too and this only helps Bitcoin
Price patterns favor a $20,000 bull-run by the end of the year
There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.

Let's hope it breaks the $20K barrier quickly when it starts rising and don't keep just below that mark. I think $20K is also a psychological barrier. If that's breaks it can grow bigger