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RE: How long will it take for Bitcoin to reach $20,000 again?

in #bitcoin6 years ago

Interesting question. Here's a possibility, based on the below chart.

It took BTC just over 2 weeks to rise from $10,000 to over $19,000. (Nov 30--Dec 16). Subsequently, it took over 6 weeks for the price to drop below $10,000 (Dec 16--Feb 1).

So, the rise was faster than the drop. And a cursory glance at the trends in crypto valuations over the past year makes it clear that the trend is upwards -- and rapid.

Given that, I would not be surprised if we saw another rapid rise, this time eclipsing $20,000. (That said, we cannot forget that the dizzying rise over the past year was surprising. So, who knows where, when, and how fast it will move.)

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