Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Bitcoin breaks $20,000 & creates a new All-Time High
News

Bitcoin breaks $20,000 & creates a new All-Time High

Updated: Aug 31, 2024
Published: Dec 16, 2020
0
Share:

The all-time high for Bitcoin was disputed as each exchange had a different figure. The lowest belonged to Kraken at $19,660 and the highest figure was registered on the crypto-derivatives exchange BitMEX at $20,093.

Post Feature Image

All-Time High

Following three years of bear market following the 2017 top, Bitcoin has managed to cross the $20,000 level which was once thought to be quasi-impossible.

Bitcoin is now trading over $20,300 which means a brand new all-time high has been created on all and any venue.

[caption id="attachment_20101" align="aligncenter" width="2880"]size-full wp-image-20101 BTC/USD[/caption]

Price Discovery

As Bitcoin enters a new region of uncharted territory, everyone is questioning "How high will it go?". There has been multiple predictions given by numerous individuals and groups:
  • The exchange Kraken published a post predicting $350,000 by 2044
  • A Citibank executive predicted $300,000+ by end of 2021
  • Anthony Pompliano predicted $100,000 in 2021
  • Chamath Palihapitiya predicted $1,000,000 by 2037
Determining upcoming key price levels can now be done through options strike prices; as the derivative product has exponentially grown in popularity in this space. $36,000 is one of the more voluminous strike prices for 25 December calls and may become a key level in the upcoming price discovery.

Capital Injection

Bitcoin's parabolic rise is mainly fueled by institutional capital flooding the Bitcoin market as inflation worries are on the rise post-March crash. Grayscale offers multiple crypto-asset trusts curated to accredited investors; their AUM has grown by over 400% ($10 Billion) since the start of 2020. Their Bitcoin trust holds over 2.5% of the entire Bitcoin supply of 21,000,000 coins. Even private companies began contributing parts of their cash reserves into Bitcoin from devaluation fears. All in all, public and private companies now own close to 900,000 Bitcoins all mainly accumulated after March 2020.

Continue reading by joining Cryptonary Pro

Save 23%

$1,548 $1,197/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Yield Watch: Markets Were Brutal, Our Ranges Kept Earning
Yield farming
Yield Watch: Markets Were Brutal, O...Markets have been brutal. But CLP users have been in a different position: earning fees from volatil...
5 min read
Feb 4, 2026
BTC, ETH and More: Markets Flush to Major Lows
PRO
Market Direction
BTC, ETH and More: Markets Flush to...Markets just snapped lower after BTC lost $80.5K and flushed into the $74K liquidity zone. Now we’re...
13 min read
Feb 3, 2026
Market Update: This Week's Setup
PRO
Market Updates
Market Update: This Week's SetupThis week looks calm on the surface. But underneath, the market is being pulled in two directions, a...
7 min read
Feb 2, 2026
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Yield Watch: Markets Were Brutal, Our Ranges Kept Earning
Yield farming
Yield Watch: Markets Were Brutal, O...Markets have been brutal. But CLP users have been in a different position: earning fees from volatil...
5 min read
Feb 4, 2026
BTC, ETH and More: Markets Flush to Major Lows
PRO
Market Direction
BTC, ETH and More: Markets Flush to...Markets just snapped lower after BTC lost $80.5K and flushed into the $74K liquidity zone. Now we’re...
13 min read
Feb 3, 2026
Market Update: This Week's Setup
PRO
Market Updates
Market Update: This Week's SetupThis week looks calm on the surface. But underneath, the market is being pulled in two directions, a...
7 min read
Feb 2, 2026
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Research
Top PicksDeep DivesPassive IncomeAirdrop Reports
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift
​
Germany

No spam. No hype. Just the research.