It appears to me that all too often people are too optimistic and are prone to major disappointment when things don't work out. If you go by historic cycles, 2020 should be a good year but 2021 will be better. – I think it’s even further out. My guess is that we have yet to even hit capitulation levels, which might be triggered by the disappointment from little-to-no price action from the upcoming halving that people are placing so much emphasis on. 😂
There will be large amounts of institutional money purchasing crypto. The halving event in May alone could be the cause also. - I doubt the second point, but its possible! 😄
Big crash is coming soon - I think we have yet to see capitulation, unfortunately. 😔
Institutional money flowing in. Global regulations coming into effect. – True.
Obviously, there are plenty of wealthy BTC whales out there waiting for the right time to push the price up and to me, it makes sense that if they were planning something like this, they would wait until the new year so as to avoid reporting their crypto activity for this calendar/fiscal year. I’m not entirely in the know about the increasing amount of regulation, but I know there has been recent official tax guidelines specifically with respect to “Sells.” It would follow that this year especially, these large holders who may or may not have the kind of power to use the early part of this year to come to the table to influence and ultimately compromise on reasonable tax legislation. If that happens, prices will begin to rise in conjunction with another strong upward trend: anticipation of the halvening in May. This is my prediction anyway. I think it’ll come down to the BTC whales, trends and sentiment about Digital Asset tax regulation these next couple of months, and timing; using the halvening as an after-burner catalyst for another large spike in BTC price. I don’t think $20,000 is far fetched at all. - 😊
Hello, before May, Bitcoin will fall to a range of $3500. to $4500. Starting mid-June It will relaunch to beyond $20,000 by mid-fall. - Possible!
The halving in May 2020. More mass crypto adoption in 2020 (Bakt, Fidelity, others, etc.). More real-world usage of cryptos including smart contracts. – I do agree with the increased participation from institutions. However, don’t you feel people are placing too much hope on the halving event? I mean, the stock-n-flow model makes sense in theory but whether it conceptualizes is another thing. 👀
My magic eight ball says yes, however, I been paying a lot of attention to everything happening around halving and my gut tells me we going to go low before we achieve new ATH. It not what most people want to hear, but I think it healthy to keep BTC save and not to sell. And reaching 20k USD might only happen in early next year. – I agree w this.
It’s been manipulated. They will tell us when. By then they have made big money and us small folk get the crumbs - Ain't this always the case in any market? That's why the best thing to do could be to DCA.
After this 2 year long bear market people are getting positive about crypto due to upcoming recession, news and halving.
wish you great year 2020