$20000 seems like a long way off, but it's really not. Bitcoin can do in one day what it takes others to do in weeks. Bitcoin has had weekly % gains in the double digits many times in it's history. For example, in mid-July 2017 it went up about 61% in a single week and in the beginning of December 2017 it shot up 72% in a single week. There are many examples of this with Bitcoin. We have about 26 weeks remaining in 2019. It would only take 2 or 3 percentage gains like this, out of the 26 remaining weeks, to see a $20000 price again.
I plan on accumulating as price dips down. So anywhere from $7500 and below.
The crypto currency market (cryptocurrency) is anxious to think about when Bitcoin will likely touch its lowest level rather than when it will come back to the level of US $ 20,000.
Current market sentiment is indeed very low. Every positive movement in the price of Bitcoin (BTC) is usually countered by bearish speculation in the hope of being able to later buy this number one cryptocurrency at a lower price.
However, according to the analyst team of financial services and banking company Canaccord Genuity Capital Markets, Bitcoin is at its lowest and will find its way back to its highest level in or around March 2021.
As reported by News BTC, Bitcoin is currently trading at around US $ 3,700 after touching the level of US $ 4,200. These numbers may look ridiculous in December 2017 when Bitcoin is traded between the level of US $ 13,000-US $ 20,000
