Can Bitcoin Price Reach $30,000 By The End of 2020?
Despite many prominent analysts calling Bitcoin a dead currency after the coronavirus pandemic, the flagship cryptocurrency has been able to recover extremely well, outperforming the rest of the market and hitting a new all-time high above $20,000. Bitcoin price is […]
Despite many prominent analysts calling Bitcoin a dead currency after the coronavirus pandemic, the flagship cryptocurrency has been able to recover extremely well, outperforming the rest of the market and hitting a new all-time high above $20,000.
Bitcoin price is currently $23,400 and has hit a high of $24,295 on Binance on December 20. As Bitcoin is now in ‘price discovery’ mode, many analysts and investors are wondering what’s the next most likely price target for the digital asset.
It only took Bitcoin price a few days to jump from $19,278 to $24,295 and this isn’t even close to what happened during the last rally back in 2017 when Bitcoin was moving up and down $3,000 to $4,000 in less than 24 hours.
Although it’s extremely hard to predict Bitcoin price in the near future now, it’s important to note that institutional investors have been more interested than ever in cryptocurrencies.
Bitcoin Price Analysis: On-chain metrics
It seems that the number of whales has decreased significantly in the past month. The amount of holders with 10,000 – 100,000 coins has dropped from 113 on November 18 to only 106 currently.
Similarly, the number of holders with 100 – 1,000 coins has seen another notable dip from 13,947 on November 16 to a current low of 13,715. This indicates that whales and large investors are taking profit.
However, at the same time, despite these investors selling to take some profit, the price of Bitcoin has continued rising, which is a bullish indicator.
Bitcoin Price History
It’s crucial to look at the past to understand the potential Bitcoin has in the future. the weekly chart shows that BTC suffered several major corrections during the bull rally in 2017 before finally hitting the all-time high back then.
BTC/USD weekly chart – TradingView
So far, during this rally, Bitcoin had only strong closes on the weekly chart which indicates the digital asset is stronger, but at the same time in danger of experiencing a strong pullback.
In December 2017, Bitcoin price was trading at a low of $10,880 and managed to hit $17,222 on the same week and close at $19,029 the following week. There are less than two weeks remaining for 2020 to close, could Bitcoin do something similar again? The answer is yes, although it’s definitely unlikely, it’s absolutely possible.
Robert Weiss
Cryptocurrency enthusiast and trader since 2016 with a passion to learn and improve every day. Professor in Economics and Mathematics.
Regular updates on Web3, NFTs, Bitcoin & Price forecasts.
Stay up to date with CryptoTicker.
October 22, 2025 4:53 PM
Crypto Adoption Booms Worldwide — So Why Is the Market Still Down?
Global crypto adoption is accelerating with positive developments in regulation and institutional use. Yet prices are falling. Here’s why fundamentals and charts don’t always align.
November 8, 2025 6:44 PM
Altcoins Oversold: Is This the Perfect Time to Buy?
Altcoins are deeply oversold as Bitcoin stabilizes near $100K. Here’s why the next reversal could mark the start of a massive recovery.
November 30, 2025 10:56 AM
Bitcoin Price Prediction: BTC Stabilizes at $91K, Is a Bigger Move Coming Next?
Bitcoin holds near $91K after rebounding from a major support zone. The chart shows key resistance levels and what targets BTC could hit next.
November 17, 2025 8:32 PM
BREAKING: Bitcoin Crashes Below $92,000 — Entire Crypto Market Bleeds
Bitcoin just plunged under $92K, triggering a heavy market-wide selloff as every major crypto posts sharp 24h losses.
November 16, 2025 4:37 PM
Should You Buy Bitcoin Below $100K?
Bitcoin is trading below $100K again, raising one question: is this a buying opportunity or the start of a deeper crash toward $60K–$80K?
November 14, 2025 5:38 PM
XRP Price Prediction: Will the $2.20 Support Hold as Bitcoin Crashes?
XRP is once again rebounding from its critical $2.20 support level — but if Bitcoin keeps crashing toward $90,000, XRP could finally lose this floor and drop toward $2.
November 13, 2025 11:29 AM
Why XRP Is the Only Major Crypto in the Green Today
XRP is rising while Bitcoin, Ethereum, Solana, and other majors are sliding. Here’s why XRP is outperforming the entire market today.
November 11, 2025 10:25 AM
US Government Reopens After 41 Days – What It Means for Bitcoin, Crypto, and Global Markets
The US government reopens after a record 41-day shutdown. Rate cuts, QT ending, and new crypto laws could reshape markets—here’s what investors must know.
November 4, 2025 6:08 PM
Bitcoin Crash Near $100K as Bears Tighten Grip: Is the Crypto Crash Confirmed?
Bitcoin fell sharply toward the $100K zone, testing crucial support as traders brace for the next move. Can BTC rebound or will the slide deepen?
November 3, 2025 8:01 PM
Bitcoin Price Below 100K: Is This the Start of a Deeper Crash?
Bitcoin drops to 107K after losing key support. Analysts warn that breaching 107K could trigger a slide toward 100K or even lower.
November 1, 2025 9:41 AM
It’s Over: 3 Reasons Why a Crypto Crash Is Happening
Bitcoin could drop below $100K soon. Here are three reasons pointing to the end of the bull market and the start of a new crypto correction.
November 1, 2025 9:05 AM
Crypto Market Performance: Why November Could Be the Next Big Month
Crypto markets have turned bullish again. Here’s why November 2025 could be another strong month for Bitcoin and altcoins.
October 21, 2025 4:27 PM
Bitcoin Surges Past $112,000 as the Fed Opens Doors to Crypto: What’s Next?
Bitcoin jumps above $112,000 after the U.S. Federal Reserve hinted at granting crypto firms access to its payment network. Here’s what this means for BTC and the broader market.
October 16, 2025 5:12 PM
Bitcoin Demand Plummets as Market Momentum Weakens — What’s Next for BTC Price?
Bitcoin demand has dropped sharply, signaling potential downside pressure. Here’s how the law of supply and demand may shape BTC’s next price move.
October 13, 2025 10:14 AM
Bitcoin Price Rebounds as Fear Turns to Hope — Here’s Why
Bitcoin rebounds as trade tensions ease, Israel hostages are freed, and buyers return to the market after last week’s crypto crash.
September 22, 2025 7:45 AM
Crypto Crash: How Low Can Bitcoin, Ethereum, and Altcoins Go?
The crypto market is facing a steep downturn, with Bitcoin, Ethereum, and major altcoins sliding hard. Is this just a correction — or the start of a deeper crash?
August 1, 2025 10:04 PM
Crypto Market Crash: Bitcoin Dips Below $114K as Altcoins Bleed Harder
The crypto market lost over 3.2% in the past 24 hours, with Bitcoin breaking below $114,000 and altcoins like ADA, DOGE, and SOL suffering double-digit weekly losses.
July 31, 2025 7:43 PM
XRP Price Prediction: The $3 Support Might NOT Hold...Here's Why
XRP is hovering dangerously close to its critical $3 support level while Bitcoin continues to consolidate downward. What’s next for XRP and the broader crypto market?
July 23, 2025 12:11 PM
3 Cryptos to Watch for Next Week...
Some altcoins have shown explosive rallies recently—but signs of consolidation are starting to appear. Will a Bitcoin drop below $120K trigger a wider correction?
July 21, 2025 5:00 AM
Cardano Price Prediction: ADA Finally Wakes Up After Bitcoin ATH
Cardano has been lagging — until now. While Bitcoin topped out weeks ago, ADA is just starting to move. What’s next for the ADA price?
December 4, 2025 3:37 PM
Top 3 Reasons Why Bitcoin Price Should Go Up Next
Bitcoin bounced strongly from $85K to above $92K. Here are the top 3 mega-bullish catalysts that could send BTC even higher.
December 3, 2025 8:44 AM
Crypto Market Turns Green Overnight: What’s Happening?
Bitcoin rebounds sharply as markets turn green overnight. Liquidity sweeps, macro shifts, and a gold-to-BTC rotation fuel a powerful recovery.
November 29, 2025 3:23 PM
Crypto Market Drops Again: Why the Entire Crypto Market Down Today
The crypto market fell 1.61% in 24h as fear, UK tax rules, and low liquidity drag prices down. Here’s what triggered the decline and what traders must watch next.
November 25, 2025 8:30 AM
How Traders Can Use Bots to Benefit From Volatile Crypto Markets
After days of heavy losses, the crypto market is finally showing signs of recovery. Here’s how automated trading bots help traders react faster, avoid mistakes, and navigate volatility.
November 23, 2025 1:33 PM
Why is Crypto Up Today? Here's What you didn't Notice...
After days of brutal selling, the crypto market is finally showing green. Bitcoin just bounced cleanly from a key support zone, and the entire market followed. Here’s what changed.
More from CryptoTicker
December 23, 2020 11:51 AM
BREAKING NEWS – XRP price dips below 40 cents, will Ripple manage to fight back the SEC?
We announced yesterday a serious allegation against Ripple company, which is being sued by the SEC for reportedly selling securities without having a proper license to do so. This news shook the entire cryptocurrency market and even affected "sister coins" in the process. Many well-known figures in the crypto realm chipped in on the topic and gave their two cents, although Ripple has been operating for a while now. What is the future of XRP? Is it poised like other failed cryptocurrencies, the likes of Bitconnect?
December 23, 2020 8:16 PM
Will XRP Price Drop to $0 In The Near Future?
We all know XRP has a wide fanbase of investors and it’s certainly hard for any cryptocurrency, no matter how bad it is, to go to $0. In fact, even some fraudulent coins in the past managed to stay above […]
December 24, 2020 12:19 PM
Ethereum Price Prediction – The Adjustment is finally HERE, will it extend throughout Christmas Holidays?
It seems that cryptocurrencies tend to react in a predictable pattern every year, making them highly prone to success when trading using technical analysis. As soon as the Christmas holidays started, the whole cryptocurrency market became in the red, adjusting back to their respective averages after extended price increases for weeks. Ethereum's price is no exception and is in turn, adjusting in prices. Will this price adjustment extended post-Christmas? Read on to see how we at CryptoTicker spot trends ahead of time.
December 11, 2025 3:27 PM
Fed Cuts Rates to 3.5% - 3.75%: What It Means for Bitcoin and the Entire Crypto Market
The Fed just cut rates to 3.5%–3.75% as jobs cool and inflation stays sticky. Stocks held up, but Bitcoin fell below 90K. What’s next for crypto?
December 11, 2025 11:31 AM
Gemini Secures CFTC Approval
Gemini just won the CFTC’s approval to launch its own prediction market.
December 11, 2025 8:10 AM
Will Bitcoin Price Rise or Drop After the Fed’s Third Rate Cut?
Bitcoin holds steady near 90K as the Fed delivers its third straight rate cut but the market’s reaction is anything but clear.
December 11, 2025 6:16 PM
Crypto Exchange Comparison
Crypto Exchange Comparison - Find the best and safest crypto exchange for your needs
December 11, 2025 6:16 PM
Hardware Wallets
Latest hardware wallets for the best crypto exchanges
December 11, 2025 6:16 PM
Crypto Lending Comparison
Latest crypto lending comparison for the best crypto lending platforms
December 11, 2025 6:16 PM
Crypto Credit Cards Comparison
Latest crypto credit cards comparison for the best crypto credit cards
December 11, 2025 6:16 PM
Bitcoin News Today
Get the latest updates on Bitcoin price, market movements, and detailed Bitcoin price predictions.
December 11, 2025 6:16 PM
Ethereum News Today
Explore the latest updates on Ethereum price, market trends, and Ethereum price predictions.
December 11, 2025 6:16 PM
Solana News Today
Stay updated with the latest Solana price, market movements, and expert Solana price predictions.
December 11, 2025 6:16 PM
Dogecoin News Today
Discover the latest updates on Dogecoin price, trends, and Dogecoin price predictions.
December 11, 2025 6:16 PM
Shiba Inu News Today
Explore the latest Shiba Inu price updates, market trends, and detailed Shiba Inu price predictions.
December 11, 2025 6:16 PM
XRP News Today
Get the latest insights on XRP price, market shifts, and expert XRP price predictions.
December 11, 2025 6:16 PM
Cardano News Today
Get the latest insights on Cardano price, market shifts, and expert Cardano price predictions.
December 24, 2020 12:24 PM
Bitcoin Price Analysis: Will BTC Price Hit $25,000 Before 2021?
Bitcoin Price is displaying steady performance now. At the time of writing this, the BTC price is sitting at $23,259.
December 10, 2025 2:08 PM
SpaceX’s Quiet $95M Bitcoin Transfer Hints at Big IPO Steps Ahead
SpaceX just shifted another $95 million in bitcoin, bringing its total recent movements to nearly a billion dollars.
December 24, 2020 11:28 PM
How To Invest Automatically In 1-Click NFTs Through NFTX Index Fund
Non Fungible Tokens (NFTs) have gained a lot of ground this year and expanded their market massively. This particular category features an extensive catalogue and contains including but not limited to arts, collectibles, tickets, game items, monetized time and skills, domain names, ownership records etc. Presently, the things of value are mostly found in the NFT subcategories of arts and collectibles. However, investors are faced with the herculean tasks of finding valuable NFTs, determining their authenticity and acquiring them (plus dealing with their rather “illiquid” nature. Enter NFTX.
December 10, 2025 12:34 PM
Bitcoin Accumulation Heats Up: Political Buyers, ETH Breakout, and a Looming Short Squeeze Shape the Market
Political buyers load up on Bitcoin as ETH breaks out and a $1.5B short squeeze approaches. The crypto market may be preparing for its next major move.
December 25, 2020 4:43 PM
Bitcoin Price Prediction – ‘Tis the Season to BUY Bitcoins? Maybe…Read on
As 2020 is ending on a high note for Bitcoin, one cannot but reflect back to the days when Bitcoin was stuck below USD 10,000 and reminisce about "what if I buy now" scenarios. Well in this article, we're going to go back through the years and see how the price of Bitcoin reacted in each year, and try to predict how 2021 will end up.
December 10, 2025 9:37 AM
Crypto Market News: Why Is the Crypto Market Up Today?
The global crypto market cap climbed 2.6% in the last 24 hours, hitting $3.12 trillion.
December 26, 2020 3:27 AM
Bitcoin Price Crosses $25,000 For The First Time Ever
Bitcoin price has just hit a new all-time high above $25,000 for the first time ever. The digital asset has been unstoppable since March 2020 after the initial crash due to the Coronavirus pandemic. Bitcoin’s dominance over the market has […]
December 9, 2025 2:32 PM
Why is Zcash Price Up?
Zcash (ZEC) surged nearly 10% in 24 hours after Shielded Labs unveiled a new dynamic fee market proposal.
December 26, 2020 11:07 AM
This Coin made 277% in 2020 – It also had a STEADY Price-Action
Every now and then, we introduce a coin that has great potential and discuss how traders should position themselves in order to reap those gains. A while back, we spoke about MONERO and laid out a solid long position. Today, we look back on how this cryptocurrency performed this year, what happened to that previous setup, and predict what's to come in 2021.
