NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Scarily Accurate Fractal: Bitcoin Will Trade at $20,000 By Q1 2021

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It’s fair to say that Bitcoin investors aren’t too optimistic at the moment; after last week’s almost-50% decline, there are few reasons to be optimistic about the future of cryptocurrencies, let alone financial markets in general.

But, analysts have begun to share a fractal that suggests the price of BTC will return to its $20,000 all-time high in under 12 months’ time from today. While this may seem irrational at the moment, Bitcoin has seen crazier price action, like when it rallied 2,000% in 2017 or when it crashed 50% in a week to only rally by hundreds of percent by year-end.

Related Reading: Bitcoin Falls Under $5,000 For First Time Since -50% Capitulation: What Is Next?

Could Bitcoin Hit Its $20k ATH By Early-2021?

Although markets seem irrational, there is an underlying rhythm to all of them, which can be found through fractal analysis, the act of considering an asset’s historical price action or broader trajectory in the current.

Bitcoin Jack recently found one such fractal with BTC, remarking that the asset has been acting remarkably similar to the Nasdaq in the midst of the Dotcom Boom and Great Recession; both charts have a blow-off top, a secondary top that results in a rapid rejection, and then a crash in the wake of the secondary top.

What the Nasdaq chart has that Bitcoin doesn’t is a parabolic rally after the end of the second crash. Per the analyst’s interpretation of this fractal, BTC following the Nasdaq, adjusted to the current time scale, will give the cryptocurrency fuel to hit a new all-time high at $20,000 by January 2021.

A really cool fractal

I added some context to it, comparing the virus with the 2008 crash

Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo's to @CryptoCapo_ and @kenzboard who showed me the fractal pic.twitter.com/JHTPZO6s1w

— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) March 15, 2020

Not Only One Expecting Fresh Highs

It isn’t only Bitcoin Jack (or at least those believing in the fractal) that think Bitcoin will hit $20,000 or a price in that region in the relatively near future.

In a recent optimistic message, Angelo — a legendary Bitcoin investor that had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform — remarked that it is “crazy how we are still going to $30,000.”

He doesn’t only expect Bitcoin to see a great move higher with time. In a separate tweet published prior to the recent price action, Angelo explained that he thinks Ethereum will hit $500, Tezos will hit $10, and XRP will hit $1.

This optimism has been echoed by Arthur Hayes, CEO of BitMEX. As he wrote in a recent edition of his infamous “Crypto Trader Digest” newsletter:

“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.”

What he predicted in that report has already started to come to pass, adding to Bitcoin’s bull case. Case in point, the Federal Reserve on Sunday announced a 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.

S&P 500 futures stuck at -5% limit down *after* the Federal Reserve announced 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.

The Fed has shot nearly all of its ammo — seemingly no bullets landed.

So what's next?

— Nick Chong (@n1ckchong) March 16, 2020

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Struggles Again

Bitcoin Price Struggles Again – Will Bears Push Price Into Deeper Decline Soon?

Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test...

Aayush Jindal 1 hour ago
cardano ada adausd

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

Cardano (ADA) slipped 1.38% today, trading at $0.816, below its 20-day moving average ($0.871) and 50-day moving average ($0.86). However,...

James Halver 2 hours ago

投資者瘋狂湧入Maxi Doge 預售逼近 250 萬美元關口 早期買家瞄準巨額回報

加密世界的猛犬Maxi Doge (MAXI)預售金額正逼近 250 萬美元,儘管大盤降溫,投資者依然瘋狂沖進來搶籌。 早期買家選擇在預售階段鎖倉,因為他們認為 MAXI 比 Dogecoin (DO...

estherw 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

Peter Chow 3 minutes ago
Bitcoin news

The ‘Once A Decade’ Bitcoin Moment No One Sees Coming

Jake Simmons 40 minutes ago
shiba-inu-october-rally-heats-up-snorter-meme-bot-presale-4m-25-days-left

柴犬幣10月行情熱度回升 Snorter迷因機器人預售倒數25天突破400萬美元

Peter Chow 1 hour ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    5 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    6 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    8 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    8 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.