Bitcoin Forum

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

I know. But I think there is going to be a lot of selling around this price. Which means investors will liquidate some money and after a couple of resistance, move money to altcoins which will rise.
Got all my clients packed with ADA and other crypto for that matter.
On the other hand, as a trader, I need to be prepared. Above $21k, new speculative investors will return. Magazines will start writing again. New high to be made. I will move to bitcoin again after $21k.

Really? No. When Bitcoin is close to the point of breaking out best is to move the coins into Bitcoin and wait a little more.
I don't expect all those walls stay there, although some may sell again big at nearly 20k. But since Bitcoin has recovered that in 5 days, the upward pressure is .. big.
All in all is by far the worse moment for shilling altcoins.

Ya but still. Looks like it will be bullish only above 20k.
As a trader, this I think is the shorting point for me in BTC. If other coins retreat back as well, it gives more opportunity for me to enter when BTC comes around the $9k levels (if it does).

I agree with your idea that buying and holding coins such as Ripple, TRX, Cardano because Altcoins have the high potential ... but Bitcoin is difficult to predict when it will go beyond $ 20,000? I am anxiously waiting for surprises to come in a few months.

Chances are, they won't! I think instead of waiting on luck, you can at least partially book profits!
You can buy again for above $21,000! You would lose out on $1,000 USD for 1 BTC if you do at all! But the downside will be very less. Upside, a lot, if you move the money!

As a day trader imho the shorting would have meant trading for something stable, clearly not for altcoins "with potential", then keeping an eye on the market and see for the new short-term trend.
However, we have a new ATH and as I said, it's "the worse moment for shilling altcoins".

just as expected, the big wall to break at $19,8k, too many sell orders at this price to pull bitcoin back to below $19k in a relatively short time.
Nonetheless, I won't sell bitcoin at this point, just wait until it reaches a little over $20K, probably $20,2k.
I have bought altcoins since a few days ago, so it's just a waiting game for bitcoin to reach the ath, following by altcoins, then sell it all.

We have reached our all time high. So do you think we can beat this wall down? It seems big, but our uptrend has a much more power. With this momentum, we can ewsily surpass $20000 in this year

People are paying their attention on bitcoin while gold and other asstes losing their value recently. Crypto is considered as the best investment right now. People will not waste their chance, especially institutional investors

the possibility will always happen and I believe it, because bitcoin has become a short term and changes unpredictably both down and up in just a matter of days.
is it possible that bitcoin can go down again? the possibility will be possible if you see the trend that bitcoin has done in recent months.

whether bitcoin will be able to reach $ 20K, I say again it could happen and it is not strange anymore for the treatment of bitcoin in the past few months. anything can happen but the most important thing is the highest price will be achieved bitcoin next year not this year.

Easy is different to Possible, It's not easy since we are already experiencing a double top which means the 20k resistance is very strong and if its, The price should be sitting above 20K right now without pullback. 20K is possible to attain but real FUD start when we are near on ATH since we already experienced a heavy dump before after price it.

If you are hoping that Cardano is really one heck of a project then you can do that.  Some users I think have already bought up more of Cardano but its all bout how you see it. People wanted to have more BTC than any altcoin.  I can only assume why there is a big $20K sell is because that price is the peak and many will take profit to also buy at cheaper price. Why buying an altcoin is their choice.

For sustainability, there would be a follow up buying. For trading purpose, the best method is this - Short around $20,000. Put a stop around $20,900 and then another buy around $21,000.
This was you lose only on $1,000 while a potential to gain a lot.

Note: By short, I mean move to altcoins from BTC

Bitcoin can break through $20,000 but only to kill shorters and when liquidations are finished the price will be weaked all the way down. The image and your description for few days change are interesting. I see how whales use fake walls to create panic and greed on traders. They set up huge fake sell walls when they need to dump price along side with bad news. The opposite action will be used when they lift up fake sell walls and give open space for greed of traders and liquidations.

Supports and resistances, buy and sell walls can be flipped.

Whales prepared for bitcoin all time high months ago when they created hype on DeFi tokens and got lots of bitcoin from DeFi.

move bitcoin to another token. This is a mistake, it is actually moving all tokens to bitcoin because the current position of bitcoin is going to be gradually priced at $ 20k. so if you have to sacrifice assets for other tokens that's not good

Maybe, I can't remember, but this could be the third time that we are going to attempt to break the $20k barrier. But it doesn't matter though, for sure it will just a matter of time before we can slice it like a butter. This is just the beginning, we have a lot of leg room to work on it for the whole month of December.


Again, we can't really tell at this point, but I would agree that investors are just moving funds around crypto. So they could do, squeeze some profit and then go back to bitcoin again. It's doable as long as investors are smart when to exit the altcoin market and shift their profits back to bitcoin and push it upward to $20k or more last month of this year.

That's given because many wants to sell early and take profit but if there's a strong demand in the market I'm sure we will over power that sell wall and finally make a new all time high, this is just a matter of time. There's a lot of potential coin/token that are still cheap right now despite of the uptrend, and for sure after the focus of the investors to bitcoin, they will go for that good altcoins and make it pump as well, so stay on the good altcoins.

This is a 3 years old resistance level so this is expected since we are trying to create a new ATH. We just reach this level and since there's a strong seller, we didn't succeed on our first try to break it but I'm sure bitcoin is not done yet and we will try to break it again this month before the year end. You have to be more patience, and in time we will a new Bitcoin resistance.  :)

Yes, it is better to still stick with bitcoin than to move to another token because that will need more research to know which token to altcoin can increase later. But if he can stick to bitcoin, he will have the opportunity to make a big profit, especially if the bitcoin price can hit $20k this year or next year. But it is also not advisable to moves all of the altcoin or token that you have to bitcoin because all of the altcoin and token price is not reaching the highest price. Perhaps, you can wait for a while until the altcoin season comes so that you can sell your altcoin and token at a high price. If you can do that, you will profit in bitcoin, while you can buy back the altcoin at a lower price after the price makes a correction. But that will be up to you, whether what you will select later.

It's not yet and at least not this time. The resistance can be broken anytime. A heavy resistance is nothing when FOMO will be starting to happen again. wait at least a week or more and bitcoin will be able to break the heavy resistance around 20k .
it's good to stick to the another major coin use the fresh money from your pocked.
Bitcoin needs to go to 2 - 3x before the altcoin like ADA, XRP or TRON can do the same too.

The momentum shows it up that Bitcoin will keep trying to break that and bring a new time high.

It's a matter of your understanding OP, such plan may give you a better chance to max out your profits, most of the time when bull start
to go stronger, known alts are also lifted, do your proper research before taking your investment to any selected assets, always consider volatility to avoid big mistake and huge loses.

I'd say that if bitcoin remains $19k for a month or two.

We can have at least a deep sigh as a sign of relief. That's what we want to see bitcoin moves. Just like when it was stable at $10k. I hope that pattern will still be the same this time and it will stay on this level for a long time before it reaches a new high.

It is the last major resistance and it is the reason why the price cannot yet surpass it, actually the current candle is a deciding candle wherein if price manage to stay above $19,250, expect that the demand will increase and it can help to beat the last major resistance. But once the price did not hold it then expect that the bitcoin will have more time in order to beat the current ATH. Look at the bid and ask board wherein a lot of people want to sell at $20,000 because it is psychological and major resistance where a lot of people expecting that the price will reject once it touch it but once the price manage to break that major resistance, it is the sign that we can see that the bitcoin will go higher wherein it will create new ATH because the bitcoin will enter in virgin area where it is the first time of the bitcoin to surpass $20,000 and there is no resistance in that area that is why there is a high chance that a rally may happen. 

If you look at the TF 1D chart he is in the form of a hammer. If you look at the smaller TF it looks really good it will probably be up to $ 20K soon and it won't be long. After $ 20,000 I think there is more resistance at $ 21,250. IMO

I'd say Bitcoin will break $20k within a few days or it can be today as the price fluctuates at $19,7k-$19,8k at the moment. The sales hype in the market is over, big whales don't want to sell their coins at lower levels compared to $21-$22k. The big wall at $20k very likely to be surpassed today as $19,918 is the peak so far.

Indeed, when viewed from the current Bitcoin price, it has tried to penetrate $ 20k twice,
and it seems that it is also getting overwhelmed, the dump is happening again,
whether this is a correction or not, reportedly $ 100 million in BTC has begun to be moved,
indeed altcoins should be invested in because it is true that altcoins can still potentially be 3x

It was indeed a thick sell wall. Right now, it’s clear that $20k is the ultimate resistance level. Bitcoin would made history if it touches $20k or more. It’s highest was around $19,800+ before getting rejected by resistance and dragged down below $17k, and now suddenly it hovers around $19,300+ as of this time of posting. I wonder how long the bulls can keep their momentum all the way up to $20k. This is gonna be very interesting to watch on where it will go before the 2020 ends.

I am sure the $20k is not breaking anytime soon!
I think my prediction was right on BTC for now. I am a trader so I trade on probabilities thinking that I may be wrong as well, but I have to know that if I am wrong, what is the way out.

I shifted to alts which did not work where I was wrong. But I am still justified in my trade thinking that even if it BTW goes up, the alts have 3x potential, ripple has 2x, tron 3x, ada 4x and so on.

So I think even if BTC comes down, I am gonna hold the alts and invest the remaining 25% which was my crypto contingency fund, to average out on alts.

I still see a heavy upside on alts.

happy to discuss, debate, proven wrong!

Sometimes alts is left behind when bitcoin start to pump harder, we can see it happening when the hype is on Bitcoin since Im sure many will prefer to buy bitcoins nowadays and left the alts for a while since bitcoin is much profitable compare to the alts these days maybe the best time to stake with alts is when the price of Bitcoin stabilize.

And I won't recommend the late for now since we are now seeing the possible great potential so we must focus on it right now and join the ongoing hype with bitcoins.

It's just right there. But yet, unreachable.  ;D
Goosebumps.
Almost like someone is trying to stop it from moving upward the $20k mark.  :D

But I doubt it will take another week for it to be reached. Somehow it will, while we are sleeping.

It is not something unbreakable. Unfortunately we failed twice and that made people think that it is something huge and we would have hard time breaking it and everyone imagines that it could be a wall to be never broken. However we should also realize that this is bitcoin we are talking about, all the hard resistance points that looked to be difficult to break has been shattered so far, which means there is no reason why we can't break over $20k neither.

One of the most difficult ones looked to be going over $15k for example, which took 3 years to break but we have broken over it and got close to $20k afterwards. So what I am trying to say is that, it is definitely hard to break, but it is not impossible, there is still a chance that we could go over it.

It hasn't break yet. Although the peak has broke the past ATH then that's a good sign that we're likely to see another ATH.

I agree on that. We're getting higher resistance this time. But this could take time.

Whatever it takes, the time is very important so let's cherish every moment for our asset to grow steadfastly and monitor closely while more pumping moments is there. All potential reachable value can be obtained as long as resistance kepts becoming unbreakable, as demands took dominance over time.

It is true that the resistance at $ 20 is quite difficult to cross, but I believe that the high demand for Bitcoin is able to pass
the resistance price of $ 20. And don't move our Bitcoin into altcoins for now, stay focused on Bitcoin. Because if it is true
in the near future the Bitcoin pump will pass the price of $ 20,000. This will create a dump altcoins price, my advice is to
first avoid investing in altcoins, until the Bitcoin price is really stable.

Sentimentally speaking, this was very much anticipated following the speedy growth. Creating more and more highs, it's no surprise the bulls just wanted to push the market to 20k before experiencing some exhaustion and as a result of this, they are sure to relax for the bears to take charge of the market and sell to a support level where the market will close which I anticipate it to be around 17k. I don't see BTC falling below that. Coupled with the season so, a lot of traders would be looking to withdraw their BTC to it's fiat equivalent to better enjoy the season. That's sentimental following what's playing out in the market at the moment.

Just by looking at the ATH for ADA or Tron and XRP you can see that the potential is still there but it depends on you if you think BTC has showed all it had for this year to move over to Alts. Although, these coins especially ADA and XRP are showing some uptrend it doesn't mean that it will touch the base we expect should it recover to their ATH.

The phenomenon of not knowing makes all the more interesting...

I'm cherishing and enjoying the moment of time.

I have a peace of mind while looking at the price of bitcoin. It's more than what I'm wishing for with the resistance and stable price. It has surpassed it so I'm chill and cherishing every moment.  ;)

My thought exactly is to push in more buy orders so as to break that tough resistance on Bitcoin. Remember it had its ATH in 2017 around that level and that's why it's taking time to surmount. More buy orders will turn that resistance to support floor. It isn't time yet to diversify into altcoins. Time for altcoins will come later after Bitcoin has make another ATH, possibly in 2021.

That is the first target for each investor to sold their bitcoin. But, I don't think it will be long to achieve because now bitcoin price is trying to reach its price foe the third times. A good sentiment market still in the crypto market, the vaccine for corona virus just give a slightly effect if we compare with gold price movement.

It is just the matter of time, also if I look technically the candle pattern already formed harmonic pattern which I think the decreasing price is still normal and we will another pump in the next days/weeks. However, I doubt with your point of view who said that altcoin like Ripple or cardano which will take the situation. Because until now almost altcoin price just move depend on bitcoin market.

I believe that $20k is not a resistance we cannot break, it is right there and very close and it doesn't require that much money to break over neither, it is definitely something that we can break over very easily if we tried. However it requires a lot of bull run and hype from people not to sell, that is the problem we are facing right now.

There are too many people who are selling, and that sell pressure keeps us from getting closer to $20k levels. If we can somehow stop the bleeding and get closer to a level where we can make buyers stay in numbers but sellers drop in numbers by a large margin, we could break over $20k very easily. Normally it requires a buy rush to go up, this time we need sellers to slow down.

Ripple also seems to me like it’s reached its high for now. I have not been following Tron actively, so I can’t tell for sure whether it’s a good option or not for now. Then Cardano aka ADA seems a pretty good choice, it’s been going positively.

But Bitcoin isn’t a bad choice right now, you can still sell part of the Bitcoin you’re holding and maybe keep the rest, if there is any coin that has more chances of going green, then it’s definitely Bitcoin as of now. The price might seem like it’s hard to cross the $20k range, this is similar to what has been happening in the last few months, it will still cross that level.

Bitcoin need to find out very strong support at price $19500 and around it to have strong momentum to pass through $20,000. I see bitcoin was pulled back three times around $19500 and it will be an important resistance for bitcoin. I know it stood above $19500 for 2 times and for a while but it has 3 times drops from that price.

If bitcoin fails to do it, two lower prices can be bottomed at $17700 and $16700. Xmas in the air and in next 2 weeks, I won't surprise if the Santa Claus gives me deep red candles. If you have USDT, wait for dip and buy up.

I think bitcoin will surpass $ 20,000 by the end of this year or early next year, so holding bitcoin is still a good investment.
However, the rule when investing in the cryptocurrency market is not to put all your eggs in one basket, so it is best for people to split their investments.

maybe I am a little different even though the potential is very real, but I actually believe that $ 20K will not happen this year but will happen next year and not at the beginning of the month which is usually a correction that occurs by bitcoin. but the most important thing is that it will happen and a matter of time.

very wise advice from our friend that do not make investments in just one, but if it can be divided into several that are very potential and must be remembered that there are many potential and equally profitable.

$ 20k is a psychological value, many times when it reaches almost the suddenly low value, but it is because many want it to arrive and the same emotion produces the NO-BUY out of panic, some see it as an opportunity, others wait to sell, but when it reaches $ 20k it will quickly surpass it, generating new highs, obviously when this happens the high season will come, the whole market will be green.

There's really a strong resistance into this level and we've been trying out or testing it for how many times and the price do really bump down once we are reaching or near level to that price.
Theres no guarantee about on breaking it will be having some corresponding price increase afterwards because it might be neither able to break 20k and go to 21k and then drops.
No one really knows thats why we should really be wise on making out some actions for our own advantage or benefit. Theres indeed a heavy resistance on 20k
and if that do continue to happen to have some ups and downs between from 17-20k then that will be a sweet spot to make money in shorter duration.

Actually it's not a real so. But i agreed it happened at the time of 2017, the price of bitcoin not reached 20k$.Again it back to 17, 000$ last time and now. When the price of bitcoin back to normal or lesser value, just converted the coin to usdt. Then the value you have holding will not reduced further. It can be done by analysis of live market analysis.

That is expected, I am actually not surprised by the recent turn of events


The alts are not much better option. Should bitcoin price correct, their price will also drop. It's like they are first waiting for Bitcoin price to make the move. Currently, Bitcoin is the only coin among the top coins that is closest to its all-time high. ETH is miles away and so are the likes of XRP and cardano and the truth is that they won't move past the level they are right now unless Bitcoin breaks through 20K

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

The market is still wanna try to building more support. Bitcoin's price is always stay at 18k - 19k range. The 20k resistance looks very strong at this moment. It's quite difficult for bitcoin to break it.
Bitcoin needs more institutional investors to make the price will be able to break 20k resistance.

Bitcoin has tried that a few times but it's not yet able to break 20k rate.
I hope there will be more penetration from the institutional investors.

I have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

It is not about resistance but it is about the willingness of people to go beyond it. If there is a small resistance, or even no resistance at all at a price but people do not want to go beyond that because everyone is in bear mode and selling all they have, they will definitely end up selling and dropping the price, we will not be breaking over the tiny small resistance just because we are going down and not even trying to break it.

Whereas if people want to break a resistance, and we all get together and try to break it, no matter how big or giant that wall looks, we will be capable of breaking it and going above that. Hence I think it is quite important that we focus on what people want and not where the resistance and support lines are because in the end what people wants will be done.

I check binance order today and yeah the resistance above 19500 to 20k still strong so ithink it's not yet possible to break that 20k$ for this week what ever they do in the market, maybe last day of this month or early days of January I am still positive that we can break that but it takes time for that to happen and possible price for now is around 18000-19400$ for the whole week.



Not good decision to make did ever check what happen to altcoin price every time there is a drop in price of BTC ?

This is really not a good strategy to buy top altcoins now. Bitcoin is really struggling to get past the $ 20k price point and it is likely to face a sharp correction in the coming days. And you know, if you buy the top altcoins now, the discount will be even stronger than Bitcoin.
If you are unsure of an upcoming bull run then it's best to just hold USDT and wait for the price of the altcoins to be low and buy it. The market is very unpredictable right now and now the risks are very high, be careful.

If you prefer to hold it for long time then the top coins is not good on you since possibly you will get inpatient on the movements and get panic with the certain dump then sold your coins at lost. But if you are a day trader then the top coins are the best selection since they are doing a healthy market movement and the volatility is so profitable right now.

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

I've been also doing this but I am having some doubts.

I might make a mistake so I am having these doubt where to put my money. I've been waiting for Bitcoin's $20K+ but it seems it would not be happening this year. Ripple is having its fork so I am also putting some in there, other popular altcoins too so I hope BTC price could be higher.

That's a good one, Bitcoin has been bullish in the last quarters of this year 2020 and the price market is likely to end on a golden note. Investors are still much pretty in-love with Bitcoin price at the moment becasue of the resistance lowest at $18k which gave us good hope of the price not falling below profit level since the last quarter came with bullish. Bitcoin can do wonders and we shouldn't ruin out the fact that Bitcoin has the powers to retest another new height in terms of price.

The 20k resistance level was expected an not surprising.

Lot of people whom got BTC bellow 10k may be tempted to exit here, why there is some hesitation at this price level (also considering it is a ATH).

There is still a lot of traction on Bitcoin though, the resistance seems holding quite fine.

Let's see in a couple day if it is correcting at $16k or trying the ATH again.

I don't think so because BTC has been rolling in this zone ($18.5k - $19.5k) since a long time now and if it were to dump heavily then it would have already done so.
We saw a minor correction in bitcoin's price recently and may be that is why we are seeing a good support at $18.5k.
I am having high hopes that bitcoin will soon cross the ATH and most probably before the end of this year.
I won't say your strategy is wrong because it's good to have a backup plan. Besides that you are only liquidating partially so you should still be good with your portfolio.

Every index is breaking resistances, and i think Btc will also break them, my prediction is $25K in no more than 2 months.

Another year? Are you kidding me, we are at around $19k right now and only 10% away from breaking well over any resistance and to be honest 10% is nothing in the crypto world that we should fear about.

I feel like we have a chance to actually take that $20k and be over it very soon, probably in December without waiting to be in 2021. However there is a good chance it could wait as well like you said, but not a year nonetheless, I fear that this could be something that will happen quicker than that, probably around late spring or early summer if we were to be too late for it.

This is why I am going to actually keep investing into bitcoin even to this day, because I know that without waiting for too long, I am going to make a profit. Even today someone who invest could make 10%+ profit in under 6 months which is still good for traditional markets.

It's possible in long run but currently this week it's not the resistance is very strong compare to support . I expect a price dump in the first day of this week it may recover back again with good condition to break those wall before 20k price  but right now expect a dump that will happen in he next more hours or days. I am just waiting and setting my orders so I can grab some grab cheaper BTC price.

If you look at the altcoin cycle, it will increase around January-February 2021. It doesn't matter if you buy altcoins now and then hold it.  indeed a holder, really need a patience.  Because patience is the key.  some altcoins that have the potential to increase by more than 10x could be like XEM, XRP, ICX, XVG ... and I will wait for the right moment to enter these coins

Btc is struggling to break it's ATH record, whenever it's about to reach it and break the resistance it somehow fall in price, so it will be better to really take those time to accumulate again btc cause who knows in multiple attempts to break the resistance and break the record thru more adoption in the future it will create again it higher ATH. We just need to wait and monitor it throughly.

I can see the logic in your thinking. And you're right last time in 2017 there was also a resistance at 20K but I think this time is different because unlike in 2017 BTC is being maintained in the region of 18.5K to 19K and this consistency indicates to me that this time a different event is playing out.

As for moving money else where, that's a good point and I think its up to individuals to decide if this would be an option for them.

It took more than 2x to hit 19600 dollars but still it pretty hard to surpass the 20K dollar level. There is a huge resitance from 20K making bitcoin hard to achieve it. Bitcoin still in a bullish momentum but its demand gets weaker. The resistance level will dictate when will bitcoin goes on. I know it might be a harm and risky to hold btc right now but I am pretty sure that bitcoin will surpass 20k soon. Only a new catalyst is needed for a pump. Maybe, a strong news will trigger the demand of bitcoin.

Diversification is always been recommended but of course you would really be needing that kind of risk management factor so that you wont really
be commiting huge mistakes which would really result into lost of money.

Its inevitable though but risk can be lessen out if you do know on what you are doing but actually you don't need to go with alts if you
can play well with btc price volatility.

Theres indeed a high resistance into these levels but if you can play out then its good for you.

Diversification is nothing if we are choosing altcoin comparing with BTC pair. Let say if BTC going to break $20K, it will not guarantee followed by altcoin that we choose. But i will agree to you about risk management, because this is will help trader to take an action when something happen with Bitcoin.
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About BTC Resistance, I think the real resistance to be done is around $19.660 if this resistance can breaked up, BTC will run to new ATH. The first trial happen on November 30 when BTC going to highest rate $19872 (TF 1D, coinbase), but can't move up in the next day, and till today BTC still not touching 19.660. Maybe we can see if the closing chart highest than 19.660 and BTC will going to 20K+

Its very obvious that the resistance at $20K is a very strong one, the price attempted thrice to break that zone but unsuccessful,  be as it may the bulls are very much in the market once that resistance is broken we are definitely in for another ATH whose value might not be accurately predicted, meanwhile I hope the present bullish sentiment of Bitcoin is sustained so as to enjoy a profitable 2021 market and more adoptions by many organizations.

Spread investment is also a wise approach although I think bitcoin and ETH are also complete and secure options. 20k is the most important threshold for bitcoin to return to itself, it is difficult to pass in the short term but I believe it isn't too long, this happy holiday is possible in my opinion.

Indeed, there's no doubt that traders will liquidate try to liquidate their Bitcoin if the resistance will not break this time. What makes Bitcoin play around in $19k is because folks are afraid that it would be the same in 2017 trying to secure the profit they have. The demand is getting now getting low. But anyway, I am pretty sure that we will break this resistance and by that then there's a possibility that we will exceed that current ATH we have. 

I check order it's look like Bitcoin already have good support ,but I still doubt that he will break the 20k now it is possible that there will be another correction that will happen before we can break the record. So I expect downtrend first to happen around 17500-18000 k USD. since the daily volume is slowly decreasing.

Altcoins aren't bad choices for diversification, especially the top 10 coins in the market, most of them have been increasing more than 50% in the last 30 days following the path of bitcoin obviously. Furthermore, people can earn more profits by investing in altcoins more than bitcoin due to the price gap. For example, xrp and waves, xrp value has increased from $0.25 to $0.6 = 240% increase, and waves from $3.4 to $9.2 = 270% increase. If I have $1000 to spend between bitcoin, ripple, or waves, definitely waves or ripple will generate the best capital gains compared to bitcoin.
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The real resistance is $19,8k in my opinion, look at the price history in the last 2 weeks, bitcoin barely break $20k as the highest peak last week was $19,839.
The highest peak we can expect to sell before bitcoin reaches $20k is $19,8k, the big wall awaits at that point.

Too many people are hoping for a new price that Bitcoin will reach after 3 years of silence. I will keep Bitcoin. Because in my sense, the world is covid 19 epidemic. so Bitcoin can make a difference when the global economy goes down. Bitcoin will probably go beyond $20,000.

I would say best way to beat that 20k level would be to constantly pressure it, I know that we can't break over it at one go if we try it on the first time, but if we could knock on the door many times and keep pressuring the wall to fall down, we could take piece by piece constantly until that wall is no more and we just waltzh into it.

This is why I think us staying over 19k is vitally important, because longer we stay here means easier it will be for us to make that move and profit. Obviously it is going to take an insane amount of money to keep buying at 19k level because each bitcoin sold means 19k required to buy, and we have thousands every day, but we have managed to do it so far, and I hope we can continue to manage to do it some more time as well.

It's not only you that thinks like that.

Many investors and holders are too positive and hoping that it will break $20k very soon. And you know what? the predictions are way beyond $20k and that's exciting and at the same time scary too.

Scary because it makes everyone greedy.

Despite of the pandemic we had today which made most of the countries' economy to go down, but with bitcoin market, what is happening is exactly the opposite. We had witnessed series of pumps for bitcoin and when it almost breaks the previous ATH, suddenly price correction attacks. But i'm still optimistic that after this healthy correction, bitcoin price will go straight higher than $20k. I know chances are very high, and with the positive news that always come around, no wonder we will reach new ATH this year or early next year.

TA is not that accurate when it comes to important moves like this, so I wouldn't count on that too much, at this point it all comes back to what is market makers decision for the next major move.

Also keep in mind that after pandemic Bitcoin is following SPX/USD closely and I believe that won't change until the pandemic is totally over, just always keep an eye on US market since whatever happens there will almost 100% happen in crypto and the only difference could be in delay as it can take a bit of time for crypto to react to it, so if you're positive about US market you should be optimistic about Bitcoin price as well and and vice versa.

Bitcoin has been corrected several times, even though it's already above $ 19k and I wanted to try to $ 20k,
but failed continuously, now it's corrected again below $ 19k, and is at $ 18,500, I hope this is strong support

Recent market analysis shows that the price of Bitcoin has already fallen several times to close to $20k.So it is safe to say that there is a great deal of support here and investors are taking precautions at this stage considering the previous history. As the value of bitcoins is repeatedly hampered at this stage, it is important to cross this step and it is expected that the value of bitcoins will increase significantly if this support resistance is exceeded. So it can be said that $20k has a big support resistance and if it can be surpassed, the price of bitcoin will reach a new high.

When we do talk about support then these assumed strong ones wont really be precisely for you to depend.It would be anytime be broken out and
lets just be thankful that the price is still holding as of this moment rather than we do see those 10k price once again.There's no doubt that theres
really a heavy resistance on 20k yet this is no doubt involved with that psychological aspect on the entire market on breaching this ATH but im not
really losing up hope that sooner or later we would be successful seeing new heights but we shouldnt be a on hurry yet this would kind be a stressful thing.

All of it seems quite possible to me, there is no scenario where 20k wall is too big to fail. We have seen multiple resistance levels that looked like they were "too big to go above" but we broke all of that and went above, funny thing is most of the time we went under just to go over it again like we were trolling that level. So, I say we will go above 20k, we will go under it again and go over it again just to screw with it.

There is no resistance that is too big to break, we will break all of them and one day be at 6 digit numbers too, just not right now. Could we go over 20k right now? We definitely can, and probably will, but that also doesn't mean that we have to, resistance is there for one reason only, to tell people it is hard, sometimes people get scared and sometimes don't, we will see how people will react.

Don't be scare on this current situation, greedy people was unstoppable this time because it's already an attitude and we can't prevent that to happen. If we're already learned that lesson, then final decision will be a stop or a continuation of our investments. Very simple idea can avoid any pressures that might make us too emotional on the current market scenario of btc.

It's too difficult for bitcoin to surpass 19k resistance to break 20k
There's a lot of sell order son the 20k rate. That means bitcoin must have needed to put more effort break it. 20k can't be reached easily without the help from the institutional investors.
Even the whales are not willing to load a lot of bitcoin on 20k rate. There must be a good news to force people to buy more and more bitcoin as much as they can do join in FOMO.

Bitcoin is at 18k++ from what I saw earlier, i think there will be a price correction before it will go as high as 20k, the support aren't big enough for it to go this week to 20k, we need a big support or wall so that bitcoin will not fall to 17k-17,500 but for now, this is the right time to buy and to accumulate more so I suggest to buy bitcoin or altcoins if you have enough money , and then wait for Q1 next year.

The Resistance of Btc at 20k is very strong.. I once watched btc at 19960 and I was expecting 20k. Suddenly, I saw reverse.
But all these won't make me move to another coin.

It seems the resistance is high.

The price right now is at $17.9K, it slipped from $18K to this price that we have right now. We can't still break the resistance and the price might just stay and just go back and forth at $17K and $18K. Maybe it is still too early to say that we will be having another ATH this year. There might be a huge adoption that would happen next year so let's just wait for it.

It will be hard time for BTC to break it , it look like we will have a red market for this month if the trend will continue . It's a good time for others that want to enter Bitcoin market at lower price I'm still hoping but we need to accept the hard truth that it may be hard for BTC right now maybe next year in Q1 of 2021 .

Despite the strong resistance that faced by bitcoin but we can't deny that bitcoin has a very strong support too. Some major companies started to buy more and more coins from the market. Mtgox will be the only reason why we must be careful with the bitcoin market. The 20k resistance will not be broken this year, It may take another time for bitcoin to surpass it.
Im also still holding my btc but im feeling worry about the mtgox distribution.

Yes, it is. It seems we need to satisfy if bitcoin can not break $20k this month. But don't worry because bitcoin will break it in the next year. Bitcoin price in a few hours ago can get the green candle, but unfortunately, the price is back to the lower price, and now, the price reaches $17,800, so I wonder how deep bitcoin price will reach later. I hope that the price will not go down for more because some traders are panicking to see the red candle comes back to the market.

If I will base to orders then the 17000-16500 is possible in the next more hours or days it's depend on the pressure of selling. The only thing that is surprising is that they accompanied the xrp airdrop schedule which is a lot of hype happen and many participated with the free tokens.then tomorrow it will be sold down cheaply after they buy it at a high price and other than that  you can only get free tokens  in quarter 1 of 2020  and you need wait another two or three years before you can get these tokens in full.

I feel sorry to those who invest thinking that it will give them good profit.

I agree that the resistance at $ 20,000 will be hard to break. Several times Bitcoin after reaching the price of $ 19,000 again
occurred price corrections. Even though the Bitcoin price still can't get past the resistance price, moving our Bitcoin into altcoins is
not a good idea. Opening post predicts altcoins will increase 2x-3x, that's just a prediction that isn't necessarily accurate.
In my opinion, the best step is to keep our Bitcoin hold until the resistance price can be passed.

When we observe the trend it is true that btc resistance at $20k is hard to achieved. Many users expecting this year that price could go to $20k nor above it. Also some switch to altcoins on taking the opportunity as orhers are really predicting it that altcoin season will happen. We have an option to move to alts while price did not touch the resistance but on me I'm holding my btc until it reached my goal price to sell.

This is simply because people who bought in March 2020 are cashing out their profits because even if they sell now it is good profits for them that is why the prices are staying in 18K region for a while after it reaches mid 19K in the past month. Maybe in 2020, we are not going to see a new all-time high but surely the prices are about to break the old ATH at least in the first quarter of 2021.

Bitcoin is an influential coin so even if you convert it or move some bitcoin to a coin below it, it still won't touch the moon because if bitcoin is still struggling to hit its ATH again then its price won't go any higher. Instead of liquidating bitcoin, it would be better to start with a separate capital because that is the best way not to become a major investment in bitcoin being destroyed.

Hopefully, Bitcoin stays at the price level you mentioned. The two days Bitcoin has fallen so fast that the Altcoins are also red. The Crypto market needs Bitcoin positive news in a few days.

Whenever the downtrend happens, people start to panic sell as well because they are afraid the same thing in 2017 will happen in 2020 as the price continues to drop below $15k to $12k and then below $10k. I believe this year the story will be different because of some reasons like halving, more adoption from some big payment companies, and institutional investors. The price drop is a common thing in this market, it just some whales who trying to shake the weak hand to sell their bitcoins but the potential of bitcoin is beyond $20k, the best action right now is holding bitcoin until it surpasses $20k.

I don't know how many people participated with xrp airdrop, but I think it is not related to bitcoin. XRP airdrop is a free token given for people who hold xrp, but I don't have much info about that.

This week, the bitcoin price is not showing a good movement, instead, it just stays at the current price. But bitcoin has much time to start the increase in the next week or next year. If people already bought at $16k-$17k feels that their profit is not too bigger, they can hold it for more and wait for the next ATH because that can give them the big profit.

How are we going to actually profit from this situation if we can't break over 20k? This means there needs to be some way we can break above 20k or that's about it, we are not profiting at all. I do not really get it, like if we can't make a profit from bitcoin than what is the purpose of us trading it?

So, if price goes down and we can't go above 20k because of this huge gigantic wall, that means we are going to all lose money (except people who buy short futures) and that is going to end up affecting the market very bad. People who lose money all together leave together and when they leave it takes a while to bring them back, a lot of people left in 2018 for example and we do not want that, we should not have that, that ends up hurting the market a lot longer term.

your hope may also be liked by all who wish that bitcoin could hit $ 20K, but I don't see that. the possibility of going down again in bitcoin is very possible and there is no need to be surprised and panicked, because this has often been done. bitcoin will still be able to bounce back to increase in the future even in just a day.

later this year I don't see that bitcoin will ever be around $ 20K, but would love to be where it is now and keep going up and down. if next year, it is likely that bitcoin can do more.

It looks like it is going to be very difficult to break over the 20k barrier, I was hoping something much smoother and much easier but it looks like it is not going to be as easy as we assumed it would have been. We are not even getting closer anymore neither, we are doing some hard work and hope that we could break over it, but after trying few times already and failing we are just staying steady.

This doesn't mean we are going to go down, it just means that we are not going to go up for now, which is why the price has been failing to go over 20k whereas it is also not going under 17k neither, it has been stuck between 17k-20k prices for weeks now. I don't know whats going to happen, I don't know if we will be capable of breaking over 20k or going under 17k eventually because both of them are equally possible at this point.

Indeed true and correct dude, we are in the same page. Honestly, in doing such trade I always made my choice to trade altcoins like XRP, Ethereum, Ada, Vet, and more rather than Bitcoin instead I hold mostly BTC in the long term because just like what you said it too hard to predict its price if it is going to spike or not.

People expect a massive correction. They wait $12.000 price level. And in 2017 people were trading in BTC/altcoin pair. Now we mostly trade in USDT pairs. We were trying to increase number of Bitcoins we have. But this year many people trade in Futures. Probably these kind of things have an effect upon $20k level resistance.

waiting at $ 12000? for me is a waste of time, I believe that the Bitcoin price will not be below $ 16000,
let alone touch $ 12000, don't make things complicated, just give me money, to be able to buy Bitcoin again and again

People would have that different thoughts on where price will potentially drop and go basing of into those charts and analysis that they had made.

We cant precisely say that the price wont really be heading in 12k price point but to look into things that we are seeing now then its hard to believe
that we would crash that hard.Lots of strong supports below where people are trying to buy out.

We are now almost touching 20k and lets see if it would able to break.

If you look to the chart of bitcoin and its volume, you will discover how the bitcoin price broke strong resistances when most of people in the market thought strong resistances won't be broken.

Resistances can be released by whales when they move up their sell walls to higher price and by huge volume of people who buy up the price. The activities of buy up can be from their FOMO or from liquidations from big exchanges. Fortunately, those leverage exchanges are used as main elements of algorithm for bitcoin price equation on other exchanges. At right time for liquidations, price skyrockets and people think it is from demands but it is not actually.

It is a very common price pattern, blast off then plummet very fast.

your steps to buy altcoins like Ethereum, Vet and XRP are very good,
and buying Bitcoin is also right, but I want to know if you buy Bitcoin at the current price ?,
if you buy at $ 19k of course it will have a level of risk.

You should probably consider several things going on atm:

1) 4 years Market cycle post halving is kicking in (see stock-to-flow)

2) Bitcoin is the only digital asset now officially recognized as currency in the US (Institutions can buy it legally and they massively do rn, check it)

3) More and more ads for BTC are showing up, newbies buy BTC as they know nothing about others. Paypal allows its $250M user to buy it

So when lot of long holders that have been through the pain of 2017-2020 will have finish cashing out, should break through.

Even if the price of Bitcoin falls in the market it is not possible to break its resistance. The high demand for Bitcoin raises the price and the whales cannot affect their strength. The high value of Bitcoin breaks down the wall of whales even if it hurts traders by staying in the market. While analyzing Bitcoin's charts it is not possible to determine its exact price, but the impact of the rise can be analyzed. The value of Bitcoin will increase significantly and will be much stronger for the exchange.

Are you sure it's impossible to break the resistance ? Every thing is possible in Bitcoin they can analyze Bitcoin price but they will never know what will be the next move of bitcoin it's always depend on the demand and supply but to claim it's impossible I think you don't understand Bitcoin movement well. You should check the market movement from the past and have an idea .

We have come to our all time tall today and BTC hit higher first time in the history. So do you think able to beat this wall down,It appears huge, but our uptrend incorporates a much more control. With this force, ready to easily outperform $20000 in this year happened today People are paying their consideration on bitcoin whereas gold and other assets losing their esteem as of late. Crypto is considered as the finest speculation right presently. Individuals will not squander their chance, particularly organization speculators

Everyone is more into holding these days. Yes, some might short and liquidate as this is the price point that they have ordered. But it makes it stronger that it's getting tougher to hold this time.

The temptation of selling at the peak is always what everyone is wanting. I'm not becoming greedier this time but I know that it can break and reach a higher price. Just a little more patience. But at least it has broken $20k.

I wonder what made to break that resistance... My guess it was some big guy coming in and investing since there were a lot of sell orders around 20k.

Don't wait for another dump, because this would be a good opportunity to ride on the waves of pumping price. If you're planning to invest right now and that money was still stagnant in your savings, think of another good alternative for bitcoin as an asset. Fluctuations of btc value tend to occur in so many scenario, so you'll have to prepare on that because someday we will harvest our fruits of labor.

The picture and your depiction for few days change are fascinating. I perceive how whales utilize counterfeit dividers to make frenzy and covetousness on brokers. There is a ton of possible coin and token that are as yet modest right now notwithstanding of the upswing, and without a doubt after the focal point of the speculators to bitcoin, they will go for that great altcoins and make it siphon also, so remain on the great altcoins.

Yes, I have seen so many posts related to crypto now, and an instance most of them are about bitcoin and their profit because of binance future, when these posts are being saw by many people they automatically think that that is the good time to buy btc, in that case by supply and demand, many people tend to buy bitcoin because they think this is a good investment just like the other, they will buy it, and that will how the price will goes up, another thing is the tweets of famous brands like paypal.

Now 20k resistance became Support for the New High.

Not yet sure if $20k became the support already.

But as long as it stays above $20k for a long time, we can already conclude that we've got now higher support. The days haven't been long and yesterday was seem to be a long time already and we're already expecting another bull run even without it having the correction.

Higher low this is much desired.

Well it could be if we keep the momentum to $22k-$23k then obviously, the previous all time high will now be the support for us.

Exactly, a good price of $20k means that we can maintain this range as long as there are no retracement in the next coming days. We all know that holiday is just around the corner, and investors or traders and average Joe might liquidate to have some money to buy Christmas gifts and presents for their family and love ones.

That's a great thing if $20k would be the support already. I wouldn't be confident if we won't see a kind of medium correction unless we're really in a strong rally this time.

But with all of the good news for bitcoin and institutions adoption, I'd celebrate if we'll no longer go down below $20k-$10k.