Bitcoin Forum

For the first time in nearly 3 years, Bitcoin has pushed above $19,000. The OG cryptocurrency soared about $20,000 back in December 2017, but was met with a bear market and a (mostly) dismal performance in 2018 and 2019.

Now, Bitcoin is teasing its bulls, having shown nearly consistent bull trends for the last few weeks. Will we see an all time high soon? https://bitcoinchaser.com/bitcoin-above-19000-heading-to-new-all-time-high/

We are almost there, so yes it's possible it's also possible to make another ATH before this year ends if you are asking if it will continue then no one can answer you directly just too many predictions.

Other says it will go to 25k$ other see it in 35k$ before the year ends but if I were you that having BTC right now I will secure my profit once we break another ATH.

in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

The constant talk about the price becomes very common during price spikes such as these. When Bitcoin eventually surpasses its previous peak, I would expect pages of threads here and also on the speculation board asking 'what is the next ATH?', or 'should we expect a correction soon?' as well as blog articles focusing on the price.
It's one of the downsides of the bullrun, but a good indicator that fomo is beginning to build up.

Waiting about 3 years just to sell as soon as you break even? Anyone who bought at the peak back in 2017 and has held till now has probably done a lot of research about Bitcoin and its fundamentals and believed it could bounce back and surpass its ATH, they could have even added more to their stash during the long hodl phase. I would expect they would hold a bit more to get some profits.

The price did not reach that level in 2017, except for a few minutes or hours, and it was a crazy price, and many people did not believe that they had bought or sold at that price.
Breaking the resistance at $ 20,000 means that we will witness new highs and lows above $ 20,000.
The difference that has happened is that we see that the price stabilizes at this level and a lot of people expect the continuation of stability. So you don't find some panic and start selling like they did in 2017.

I think it's highly likely that Bitcoin will surpass the previous ATH in the nearest future, but probably not by much. And the question to me is not about the new ATH, but about the price at which it stabilizes and the price below which it won't go. Last time it was about $6k-$7k, but can this time the "low" be around $10k? I think it would be lovely if it happens. I'm perfectly okay with $10k, honestly. The price is not the priority IMO, the adoption of Bitcoin as money is. So honestly, I'm not even that excited about what's happening right now with the price.

A new all time high is sure. The market is still bullish and people are still buying like crazy. There are so much btc accumulated that it seems the whales are planning for a flash high that may go upto 30K before crashing it. So, it would be wise to plan accordingly and if you are not sure about how to survive in such market, take profit and stay away.

Correct. People who bought at the peak of the last bull market are long done with their bags.

It's possible some held at 10000 but when it broke down you'd have to be AFK to hold with 80% loss for more than a year.

On the other hand someone did not care about an 80% loss he won't care about breaking even especially knowing that Bitcoin has a history of overshooting targets. People who sold when we broke the 1000 top for the second time lost an opportunity to earn 3x that just a few weeks later.

Those who have bought and wants a total out of bitcoin market will just sell. But those that have understood that volatility of bitcoin is what going to bring them profit, only if they've already understood how bitcoin's nature works.

We will. Before, we're seeing google searches that were all about bitcoin and it's being published in the news so it gets attention. This time, we don't have that but it's obvious that we're still getting it but with a plus. The plus, those companies that have recently expressed interest towards bitcoin.

Reaching a new ATH is pretty easy from here, but the tough part is staying in that zone for a long period which I doubt will happen. I feel like BTC inorganically rose in price because of the presidential elections, halving etc.

Am expecting BTC to pull back to the $13K-$16K zone in the near future after which it will probably continue rising organically in value. This is just my assumption based on historical trends.

However, I hope I am wrong and BTC should continue defying everyone's expectations and continue climbing higher and higher.

But it was a expected one over this 3 years and to be frank,I had sold huge of my bitcoin at less price.The price reduced to many low value and back to the top of mountain now.The final pump to the bitcoin is yet to come,so hold your valuable bitcoin and you may became a millionaire.

Over the 3 years, BTC has outperformed any digital investment ever seen.
Not only is BTC heading towards that 20K and aligning with the new ATH peak we saw briefly in 2017 but this time it looks that the confidence is greater because if you look at the market cap you can see how that has gone up several times too.

All in all, this is to show the strong market BTC has been running and that its potential is far from being reached - alas - I dare say that this is the beginning  ;D

https://i.imgur.com/pP5UXG4.png

the situation is still very volatile and is still playing in the $ 18000- $ 19000 area,
even though it broke down to $ 19000, Bitcoin still can't break the all time high,
of course this will take time, maybe a correction will come first.

It's just close to proving yet another time that, with patience, nobody's ever lost with Bitcoin over the long term. We're literally getting new ATHs every few years, and that speaks loud and clear facts.

Fun to see how a lot of people I've talked to thought Bitcoin is too expensive to be worth an investment only a few months ago, especially since they're the same people who thought Bitcoin was expensive under $800. The current market feels like the bulls are only waiting for their perfect time to enter the heavy run.

Even to those typical investors would really have that second thought because no can really predict the future and we do have our own views and perceptions thats why

people neither can go abide or would go against with its price.So its expected that we would see lots of words because if all would be having the same view or do agree with the
same thing then we cant just see the price level as of now which would really be more on higher one.

Im just amazed to those people who do able to withstand the bearish market for couple of years after we do almost hit up the ATH once again.

From the movement of price , the correction may not be too deep to expect a gain until ATH is broken. I think bitcoin price can have a spike arrow above the ATH, then the deep may be seen for profit taking.

Obviously, if we look at the current price, there is already a price correction, $17,700 now and still going down. And market cap is down 7% as well, meaning something triggered the massive sell off of everything not just bitcoin.

I just we will have to wait again, whether we can break the previous all time high this year and reach above $20k or not. Too much volatility and selling pressure. But I do hope that this correction means that it is another buying opportunity for everyone, just saying.

So far, despite the optimistic forecasts about the further growth of the cryptocurrency market and bitcoin breaking its previous price record in the near future, bitcoin is going to correct its price and pulling altcoins down with it.  Its price now, according to CoinMarketCap, is $ 17,872, and ethereum is $ 532.  It is possible that Bitcoin could fall to $ 14,000 before continuing to rise and this time breaking its previous record of $ 20,000.  Of course, after a while we will again see a further bull market, since now a very good situation for further price growth in the cryptocurrency market.

Probably better to move this to speculation? And if you want to ask questions about it, just browse through there imo. There are a lot of threads talking about prices, especially at this moment when ATH is almost here. As for climbing up to a new ATH, it's completely possible, and the situation is actually leaning towards it imo. Most were expecting the price to reach these heights at the end of the year, and having it a few weeks earlier seem to indicate that $20k might not be the minimum heights achievable. Ofc, there's still the chance that a massive sell off would happen, with most people either just wanting to break even from when they bought back in 2017, or people looking for a quick profit that bought back in the crash last march.

bitcoin has indeed experienced a very sharp increase and this is surprising because the prediction circulating is that the increase will occur in the next year. but it could be that in this month bitcoin will experience a decline and it could happen, because bitcoin has experienced it in the past few months.

The sharp increase that will probably overtake 2017 will occur next year and by the end of this year with an already high enough price bitcoin will not be a surprise, but could drop to $ 15K or $ 16K. which next year will just start to increase sharply

Very valid point - we have seen companies such as PayPal start to accept crypto payments and larger firms starting to place their treasury assets and invest in Bitcoin - what large companies do you think will be next to follow in these footsteps? 

It's hard to guess what will be the next big company that will announce their adoption to bitcoin. Just like PayPal, it's unexpected and a surprise that came favorable to us.

And just as expected. We're going through a healthy correction.

$19400 > $17349

Those who took the profits, congratulations to all of you. Now is the right time to take your profits and buy again at a lower price.

Well said, we will definitely start to see more and more companies tap into Bitcoin - its just a matter of time.

How far down do you think BTC will dump before we see it bounce back?

I agree that it's only a matter of time.

A lot of good and bad things happened for this year. But I think that for bitcoin, there were more good things that just happened and it's not the end of it. There will be several good news that will fetch the people who are still doubting on it.

Including those companies that haven't adopted bitcoin although it's possible for them to adopt it yet, they chose not to.

Sadly i am not happy with the downfall of the price.
I recently bought some coins when BTC was 18k USD above, and thought it will easily hit upto 22k USD at the end of the month, but sadly my fortune didn't come with me and i ended up having losses.
Still i have faith and i am assuming, BTC will surely hit 20k USD atleast at the end of this year.
Fingers crossed.

That's what happens if you don't purchase at the earliest. I'm sorry about that but that's ok. Don't you worry, if you believe bitcoin will go back to $19000 as soon as possible then you don't doubt that it's likely to hit $20k-$22k soon too.

I guess you have assumed a lot because we've seen an uptrend which made you believed that it will reach $22k at the end of this month. Just hold, you don't lose if you keep holding it. You lose if you panic sells and lost your patience.

I frequent the BitcoinMarkets on reddit and about a week ago I posted that since everybody is so bullish and 100% sure that BTC will go to ATH and then head to like $25K or $50K or $300K, then most likely the opposite will happen. It will go close to $20K, but not too close and it will start to reverse. Which is pretty much what happened and guess what? My post was voted down because they called me a bitcoin bear.

One guy I think had like 1 BTC and he was saying he wasn't going to sell it until he could buy a house with it. When you read comments like that it should be a warning that there is way too much bullish sentiment and can get ugly fast, which is what happened. Way too many over leveraged longs and we went from $19500 to low $16K in a very short while.

Very well said, that's the real point, actually it's okay to be bullish as long as we aim for long term as most likely we will hit a new ATH after every ATH. To think that we can buy a house and lot with $1 btc, that's similar to saying that bitcoin will go to the moon once again, which is a no for me since it will only create some hype and then FOMO happens, but this time, the smart ones knows how to cash out in short term, so they won.

It really means that we don't know where the price is heading even if we do some technical analysis. And most of the times, when we think that we are heading in this direction, in this scenario, $20k, bitcoin will go on the opposite direction. The good thing though is that the price is hovering just above $17k and didn't drop even further. So you will have to wait and be just positive that in 2021, we might be nearing an all time high of not just $22k but even more.

We are still heading to all time high, do not be worried. I hate it when people act as if bitcoin became something so small that it is worthless now just after a huge increase. If you think $17k is bad because went from $19k to here, you are very wrong because we also moved from $10k to $17k in the past 2 months as well, why not focus on that part of the situation?

People always ignore how awesome we have improved and just care about the drop. We didn't even dropped that much neither, it is something like 10% or even 20% is not that big. For something that went as high as 90% in the past 2 months, dropping 20% or so is not really that big, it is a correction and there are people who are taking out their profits they made in the past 2 months, that was expected anyway.

This attitude is actually pretty common because it's hard for people to look back, they always move forward and if they look at charts it's maybe a week back, that's it. They feel like every single price level that gets breached is there to stay and then you get posts like "oh my god, bitcoin has crashed, is the rally over?" You look at the price and see that it's just down 10% and wonder: are they all newbies?

Well said but this won't be a strange scenario to traders/enthusiast who follows the movement of the market price before every ATH happen because when the market is bullish and getting ready for new ATH price a market correction has to happen or else if the clinch new ATH then the market correction will happen right after new ATH is achieved.

It is like a house edge to me lol
When you have lost 5 times and chasing your bet with 5x but before it hits 5x busted at 4x.
Well here people think bitcoin will go above 20000 usd easily after the surge move doubled from 9500 usd to 19000 usd .
But guess what , before it hits above 20000 usd , suddenly there is quite huge drop to nearly 16000 usd in just a couple days.
Those people who cashing out at the highest , knows how to run and deal with the market.

It seems price started to recovery back from that hard dump of 19K to 16K now it is swinging in the mid 17K range for a while, hopefully we can see the bullish trend starts again and this also happens with the last bullish trend if I remember it the price falls from10K region to 6K then it went to 20K all the way.

There's still a chance for all time high this year we are still a month away, and anything can happen all I know is the momentum is still there, it never loss it's momentum, Coinmarketcap has an all time high contest it's a good motivation for people to buy Bitcoin and I'm sure not only Coinmarketcap there are other organization and individual doing this, they just don't announced it.

If we take a look at 24 hour price chart the prices are in uptrend at the moment and it seems they are going for the next level.Maybe at the beginning of December we can see good hype but a dump at the time of Christmas is expected.

Yes they have and offers pretty good rewards as well, I think it may be achieved within 1-2 weeks if bitcoin going sideways for a few days but in the last 24 hours the btc-usd crypto chart seems to be increasing positively above $17,5k. If bitcoin price could maintain its position without any corrections below $16,8k until Monday, then we will see $20k in the next week.

Yes, so everything has settled down, price seems to be on the road to recovery to $18k and that is good, at least bitcoin has proven again it's resiliency to this kind of dip. However, it already causes some panic to most investors and they could have liquidated their assets because they are afraid that it will continue its downward spiral.

Now we are going to see at the end of the month if we are heading to a new all time high. Part of me is telling that it is doable, but I don't want to get excited. I'll let the market flows it's normal course. Anyhow, we still have 2021, which I expect to be another great year in which we are going to set a new all time high.

was over $ 19,000, and finally experienced a correction,
if it was outlined according to the trend line, Bitcooin had indeed reached resistance and was hit by a double top, then a correction occurred,
and finally the support at $ 16k was touched, and strong support occurred there. it will be pump again, im sure.

Tsk. I was really preparing for a dump more massive than what we saw. But I guess asking for more than 20% in a few days would be too much, even if the gains have been piling up week after week. I'm refusing to believe the bears are giving up though, and plenty of weak hands I think have yet to be shaken.

Markets back in the green right now but I have a feeling we're down for some more surprises come the regular week.

Meanwhile. Corn be a-popping.

Many people predict the same thing, even more than 30% correction but it seems no more than 17%.
if bitcoin could surpass the next resistance at $18,5k, then we might see $19k tomorrow, there seems to be a massive reject of $18k and if bitcoin fails, probably will fall to $17k again.

I didn't predict it, more like hoping for it, but yeah, probably more predictions against than for from what's publicly available (another sign to me that this is a very different period from 2017). Don't think the possibilities for a bigger retracement are off the table though, we'll just have to examine if we get weekly lower lows, lower highs, methinks so.

Even with the fall, price didn't stop going up afterwards, we are really in a situation where we are going very high no matter what happens in between. Persisting is very important and I believe it is at that moment right now. I really hope that this increase will not stop again, last time we reached a peak of $19k+ and that was really something special for us since we got literally only 1-2% away from the all time high price, we were way too close to quit and we did just that, stopped and went down.

This time around I am really hoping that we can actually stop with all of that and instead move into something higher and break ATH, it is not guaranteed but price not keep going down gives me more hope right now than we had previously when we first tried to broke it.

only for a moment and it goes down again, obviously it hurts a lot,
but hopefully this time the Bitcoin price can break another $ 19k and be ready to go to $ 20k,
hopefully before Christmas arrives!.

There is no really guarantee in trading because in trading it is about probabilities, there is no sure profit because there are risks. Having a new ATH can become true and it has high probability because we are in uptrend where the emotion is greed and a lot of people are buying because they expect that the price will create higher highs. Even though the general market sentiment is bullish, we should still give care in our risk management for us to have confidence and not be nervous in executing our trades. The current candle is not good because there is a wick but it does not mean that there will be another dump; I just expecting that the price will retest in the support again before it finally gains momentum to break the ATH.

if you look at the charts you can see that it is an actual uptrend, not just some jump that can't last long. as a result the price can have small retracements each time it goes up. for example from $18500 to $19100 then come back to $18900 before it goes back up again. as we can see right now it is back to $19250+ and is rising.
i think it is possible to see $20k in the next following days but it may not last.

Yeah, me too. Most of us expect the same goal for bitcoin and today it is proven that bitcoin is getting back on the rally so it managed to break through $19.8k almost reach the ATH at $20k. I guess we will bitcoin surpass the resistance level of $20k, then what may happen? whether people decide to enjoy the ATH or let it climb even higher to $21-$22k within this week. Refrain from selling bitcoin until at least it reaches $25k by the end of the year.

Bitcoin is back above $19,000 USD once again. Hopefully, Not going back anytime soon unless hit new all time high. Comparing with the past ATH cost truly mooned. You can feel the momentum. BTC $20,000 will be the Christmas Gift.

I thought the fire is already over when bitcoin has its correction, but look at what is happening now, bitcoin is back in $19k and it looks to break the current ATH anytime soon. I'm afraid FOMO will be next after this, should I say, WELCOME $20,000.

Price is good now and I believe that it will reach the 20k dollars or we can make a new all time high to the bitcoin. I really like of what is movement of the bitcoin and anytime the highest price of the bitcoin before will hit again.

Everyone are watching to the price of the bitcoin and many projects and investors will going to support this coin so it will bloom. The more people positive now to the bitcoin it is really helpful to up the value.

I agree with you, I have the same assumptions about the coming days.
As for the analysis of the trend, everything is not so obvious here - these are only historical data and they do not say anything about the future. After we see the trend breakdown on historical data, everything will be obvious again.

Yeah, he we are talking about unexpected Bitcoin and then it goes on and breaks to a new ATH for 2020. It practically broke the ATH on several exchanges already, as it is, so it really does look like a matter of days or weeks, rather than months.

Still, it's all meaningless if it can't keep a weekly and then 14-day and 30-day MA trend strong (not that keeping that would also mean anything in the short term!).

Our expectations of seeing another highest price was cut short yesterday as the price of Bitcoin started showing some pullback. Some have said it was a correction that was due to happen because the asset /cryptocurrency was worth more than it was supposed to be.

Now the question is whether the price will still get back on its feet again and start moving to its new ATH target? After the price kept sideways today, I just noticed right now that it has gone up a bit, and I am hoping that I wake up tomorrow with it being on green and above $20k.

Before bitcoin enters the new all time high, it will be more fluctuating and that can make us worry and afraid to see the price increase and decrease. We will see many people out there will say about buy and sell to other people because they want to take advantage of them. You need to be careful with them and don't panic if something happens because that can make you make the wrong decision. Calm down for a while will be better to see what is happening to the market.

BTC hit a new ATH on Coinbase early this morning (~5-6 hours ago)!

I happened to wake up middle of the night to watch it happen haha. Went just over $19,900, beating out the old ATH by $20 or so. It promptly dropped like $1900 after that though ha. Hopefully the market will keep pushing and it'll head over $20k this week!

Well from there we have gone down, and that is obviously not something we wanted but it has already happened, now we have to focus on what we can do from today into future instead of focusing on the drop. I do not think that it is something we should be worried about, we could definitely do it and we wouldn't be in big trouble in the near future, but we need to be working hard again like how we did during the past two months.

Let's see if we can get some big corporations involved as well, whenever there is a huge great news bitcoin grows bigger and that is what we should be focusing on as well, because if we can get those huge corporations involved or have any major news about crypto, it will definitely help us go back to ATH and this time even higher.

Bitcoin is now on the $19000 mark, there's no stopping now, it's just a question on time, this year or next year it's still 50% for me because we all thought that Bitcoin is going to reach another all time high but we end up Bitcoin going down 11%, but now Bitcoin is $19k level again makes us wonder if this is the right time that become to go $20 k.

You would really have always those kind of questions in mind because price is always been unpredictable and it can go neither go up or down on what we do anticipate.
We are all hoping for the bull run or new ATH but as expected it wont really be that simple.We had test it out for how many times now and the price do really fail
to break it out but we do need a little bit more push and it might be successfuly break for this year on in early quarters of next year.
It would really be just stressful on our part if we do always mind on when it would rise up.

It went as high as $19,800 but then plummeted to $19k after reaching it. But you have to understand that this is just the beginning of the month, we still have plenty in the tank to close the year with new all time high. I'm still positive that we can slice $20k this month, as there could still young blood out there to pump the market in the 2nd-3rd week.

Right now $19k-$20k level has achieved so far, so if there's an expectations that it would increase much higher I guess there's a positive impact to its demand. More people turn their assets to bitcoin instead of choosing fiat savings, due to highest potential that cryptocurrency will provide for our financial future. Once we will surpassed the $20k, another ATH price will be reached if we will not experience bearish market domination just like before.

And the good thing happening right now, is that a lot of financial institutions are still buying bitcoin. Just like Grayscale - https://decrypt.co/48277/grayscale-buys-240m-in-bitcoin-in-largest-capital-raise-week-ever. I don't think they will be stopping anytime soon. So that kind of purchase, really have an impact in the market. And it means, they believe the capability of bitcoin. We may be seeing a new ATH before this year ends. So brace yourselves!  ;D