Post
Topic
Board Speculation
Re: Can bitcoin Cross $20,000 By the end of 2020?
by
tomahawk9
on 10/02/2020, 18:01:59 UTC
Approx. yes, it may reach $20,000 if only we can maintain the trend. But if we dump more, just as we saw today from 10k+ to 9.8K... it might be hard to really reach 20k.
A $400 drop in the price in a single day isn't exactly a good indication of what's to come in the upcoming weeks or months. In fact, such a small pullback could mean that we're bulding a strong floor before testing 10k and above very soon, so if there's a bigger dump, then there'll be some support around the current prices (9850 at the time of writing).

Also, these sort of price changes are still within the range of what many consider normal fluctuations in the cryptosphere. All in all, it's still very likely that we'll see 20k this year.