Please try another search
For our latest social media poll, which ran both on Investing.com’s Facebook and Twitter accounts last week, we asked our users:
Do You Think Bitcoin Will Break Above The $20,000-Level Before The End Of The Year?
Bitcoin has been on a tear this year, with prices of the world’s most valuable cryptocurrency rallying more than 200% to their highest levels in about 18 months.
It was last at $11,764.00 on the Bitfinex exchange as of 8:30AM ET on Thursday. It rose to its best level since January 2018 at $13,764.00 on June 26, after having started the year at around the $4,000-level.
While prices have yet to rebound anywhere near an all-time high around $20,000, Bitcoin's impressive rally has sparked hopes among crypto enthusiasts that a new bull run is getting started after it ended last year down more than 73%.
Breaking Down The Results:
Surprisingly, the poll results showed that most thought Bitcoin will end the year below the $20K-level.
Overall, when taking votes from both Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) into account, 54.5% of users thought Bitcoin will fail to reach the key $20,000-mark, while 45.5% said Bitcoin will power ahead to new highs by the end of the year.
Out of the 1,480 votes recorded on Facebook, 851 users, or 57.5%, said prices of the world’s biggest digital currency will end 2019 below $20,000.
On the other hand, 629 users, or about 42.5%, voted that Bitcoin will surge above $20K.
The results we saw on Investing.com’s Twitter account showed a much closer picture.
Of the 540 votes recorded, 275 users, or around 51%, said Bitcoin will close the year below $20K.
Meanwhile, 265 users, or 49%, thought it will manage to settle above that level on December 31, 2019.
Behind The Numbers:
Jesse Cohen, Investing.com’s Global Markets Analyst, said the cryptocurrency’s technical levels are “looking much better” since prices broke above a bull cross for the first time in almost four years.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.