Bitcoin price to soar above 8k by the end of the year?

[Wekesa]

today , 07/08/2020, bitcoin is dancing around 11k and 11.7k so it has already reached your target we are just waiting to see what will happen nest who knows it might change and keep on moving so we are not so sure where it goes so we need to keep everything right so thats what we project it to hit 15K this year , crossing our fingers.

[Aya]

If you actively monitor that movement of Bitcoin price, it has already reached 10,000 recently but has only had a slippage which made it drop to 8k. Clearly, this coin would be able to soar above 8k by the end of the year if it keeps doing well.

[mcjerry]

It is also good news for crypto currency investors, as there is covid 19 pandemic every where.
Why I say this is good news is that. Most people that are new to crypto currency, having seeing the price of bitcoin to have gone that low, they will be afraid that is the end of crypto world.
But not knowing it will eventually rise soon. So they will want to empty there crypto currency and investors like me and you knowing the future of the currency, will buy it from them.
Then after they have sold all they have and investors not ready to sell the ones they have.
Because of this, there will be scarcity of crypto currency, forcing the price to jump up.
By the end of May the price might jump to $10,000

[AbdulShiek]

Given the known impact of the Bitcoin halving, it is almost certain that the Bitcoin price will exceed $8000 by the end of the year. The US is now experiencing its biggest budget deficit since the Second World War. Theoretically, right now, there is no cap on the ability of the Federal Reserve to print money. Thus the US Dollar is weak longterm.

Naturally, funds will exit the weak , unstable US markets and seek safe heaven destinations. Bitcoin and Gold are two of such destinations. After the Bitcoin halving in May, the price of bitcoin my likely reach $15000.

I hope so. I am wondering. Won't the Bitcoin suffer once the economy of the US becomes less active? I have some open positions. I want to hear something that can make me hold my positions further.

[Otto619]

Given the known impact of the Bitcoin halving, it is almost certain that the Bitcoin price will exceed $8000 by the end of the year. The US is now experiencing its biggest budget deficit since the Second World War. Theoretically, right now, there is no cap on the ability of the Federal Reserve to print money. Thus the US Dollar is weak longterm.

Naturally, funds will exit the weak , unstable US markets and seek safe heaven destinations. Bitcoin and Gold are two of such destinations. After the Bitcoin halving in May, the price of bitcoin my likely reach $15000.

[Sendo12]

The Bitcoin will surely reach 8000USD when the pandemic is over.

This is highly possible. As a matter of fact, even in the middle of the pandemic, the coin manages to grow. It is more likely that the coin would prosper even more after.

[Newbie_trader]

The Bitcoin will surely reach 8000USD when the pandemic is over.

[AbdulShiek]

I see the Bitcoin price climbing above $8000 by the end of the year 2020, not just because of the halvening happening soon, but also because of current developments in the global financial system. For instance, the US national debt is already at a very unsustainable level and the deficit in the US annual budget this year has been stretched beyond limit with the injection of the $2 trillion Covid19-stimulus package. I believe this injection of funds will weaken the US Dollar long term.

Against the backdrop of a weakened US Dollar, the Bitcoin halvening is very likely going to send the price of Bitcoin rocketing to the moon. By the end of the year 2020, we are very likely going to see BTC/USD price above $8000

I'm one of the Bitcoin enthusiasts. I've noticed that its value has continued to fall since last week. I think it's difficult for the Bitcoin to reach such amount in the 4th quarter because almost all establishments have closed temporarily.

[Otto619]

I see the Bitcoin price climbing above $8000 by the end of the year 2020, not just because of the halvening happening soon, but also because of current developments in the global financial system. For instance, the US national debt is already at a very unsustainable level and the deficit in the US annual budget this year has been stretched beyond limit with the injection of the $2 trillion Covid19-stimulus package. I believe this injection of funds will weaken the US Dollar long term.

Against the backdrop of a weakened US Dollar, the Bitcoin halvening is very likely going to send the price of Bitcoin rocketing to the moon. By the end of the year 2020, we are very likely going to see BTC/USD price above $8000

[Trader_Rob]

Some countries have been taking unprecedented step since the outbreak to contain the spread of the virus. This step could directly hit the trading currencies. Financial institutions have taken precautionary measures by closing their establishments. The crypto market has been bouncing since the Covid-19 infiltrate the 1st world countries. So, it is nearly impossible for the Bitcoin to reach that price.

I agree with you. This is truly unfortunate but with the course of events, this is the most plausible speculation.