Post
Topic
Board Speculation
Re: Will Bitcoin exceed 20k this year like in 2017?
by
iv4n
on 24/05/2020, 06:06:49 UTC
Well, it had possibilities, even in January, I thought we are gonna have another bull run like 2017, but after Coronavirus and all this harm throughout the world, my expectation is gone now! I don't think it will happen this year, there was huge hype about the Halving but you saw Bitcoin price did not increase enough. Though I don't want to mention 3800$ collapse, that was manipulation for a very limited time.

It is true that it will not be a big surprise for this year because after quite well at the beginning of the year but the pandemic is enough to make the movement somewhat disturbed even though it is not clearly visible. usually after halving the previous time (2016), it will start moving up the following year and at its peak at the end of the year. and it's likely to happen again like that and will happen next year. maybe now is needed is the momentum to be able to penetrate $ 10K, which will determine the movement towards positive.

I didn't expect rise after halving, you learn to not expect nothing soon after halving when you experience one. In 4 years we will have another halving, so remember what's happening now for the next time. Effects of halving comes after some time, if it be similar like last times from January we will have an uptrend that will last entire year, with occasional drops of course. Until January it will be interesting for all of us, the price will go up and down like alwasy, I think that we will brake 10k resistance, but I expect to see at list one more bigger drop in this year. Anyway it's good that we have this price after halving, take a look on previous halving and the price of btc in that time.