Bitcoin Forum

Edit: Title has change today to in this month.

*From 19500 bitcoin made a huge dump around 11%. what do you think now it can go back quickly and will move forward? or we are going to see another bearish market for a long period?

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Hi guys, hope you are doing well recently due to the warm movement of bitcoin. Recently Bitcoin is trading around $19,500. what do you think today we can see another ATH of bitcoin? or bitcoin will make a correction again before reaching the new ATH? we are now only $200 away............

https://i.postimg.cc/g0n64VCb/ssssssssssssssssss.png

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I see a considerable chance of a correction to occur, but we're moving in a channel that could see bitcoin top out at 19750 before this happens. I don't see a correction any further than 17000 but I could be completely wrong on that one (my basis is we're on a third leg and up and we don't normally make it to a forth without a correction some time in the third - but this is a completely didfernt atmosphere now)...

Seems like it will take some time as the market is slightly down but comparing to ATH in 2017 the price may go more than 20k this time because the volatility is extreme this year there are more possibilities to break 20k.

There are only slight price pump in the chart and it went down after some, fluctuations are not big as it happened couple of days ago so let's wait for few more days.

Or we can just have a double top and repeat another bear cycle at that point? Really Bitcoin right now is moving way too fast without enough volume to support it continuing a bull run. My prediction is if ever go to another ATH I would expect its price not go way above from the previous ATH and then we see Bitcoin tanking down. For people who still wants Bitcoin to go up with this kind of volume you are just wishing for Bitcoin's situation to get worst remember that when this happened during 2017 we have a very long bearish cycle just to get to this level again.

I am also thinking about it. It's pretty sure that bitcoin will go more and more. But maybe in this situation, we have been forgetting about the past scenarios. Maybe we are again started to believe the bitcoin trend blindly. Isn't it?

btw thanks to all who have shared your opinion. and still, appreciate other opinions to share here.  :)

Taking a look at the huge ass sell wall at the $19,500 to $20,000 range on Binance(BTC/USDT), I really really doubt it. That's going to be a tough wall to break through. I wouldn't be surprised if it would take us weeks, though what do I know? Bitcoin has always been capable of doing crazy things concerning price.

For every price barrier to be crossed, it takes time. Right now the price seems to fluctuate within $19000 - $20000. The price will settle at some price point, and from there a growth gets initiated. By the time we can expect the growth of bitcoin to mark its new ath. Rather than the expectation $19000 is reached, same as this too price movements can happen. Lets hope for the fastest reach of new ath.

We were so close...But that small 400$ (19500 to 19100) earlier today was enough to put a massive 939 btc buy wall (it was 900 while i was typing this post) on Bitstamp (and it keeps getting taller) to the 20k target

https://i.ibb.co/fnR0yqp/cdcd.png
https://bitcoinity.org/markets/bitstamp/USD

Very unlikely that we'll see 20k today, looks the price lost the momentum, same as last night, and it's heading back to sub 19k. I'd rather see some consolidation in this price range (or even a correction) before trying to break the ATH barrier, i don't like these rapid upward movements, been burned many times before when i was involved in Trading

A correction is necessary before we hit another ATH. That's always exactly what happens before it reaches a new high.

And that is the reason why the price has corrected just lately. $18975 as what I can see the price. After this, we can expect that it will try to break the price that it has reached lately.

As anticipated, it isnt really an easy way yet there would be corrections before we do able reach that price.Yeah, we're almost there but the price had corrected back to 19000 as of this writing
which basically means that there are people who have been longing for that price to be reached and even on previous ATH where majority is been longing on.
I do have the feelings that breaking it out would might take for sometime but i do have views that next year or next month we would able to break it out.
Nothing is assured though because anything could happen in a short span of time neither it would reach this month or on next.

Come on yes! Go for it! Now we are seeing a great closeness to $ 20k it is all an emotion, apparently also the fact that Paypal has bought 70% of the newly mined bitcoins has given investors and speculators a lot of confidence ... If we continue like this it is very likely let the price keep rising to new highs! And we still have to enter December, we are nowhere near the best!

Nah, too much selling pressure now, as the price goes below $19k again, so not today, I don't know many many times have we seen the rejection from $19,500 (twice???). But I'm seeing another attempt today as the Asian market will be opening. So let's try to observed the price in the next 6-10 years, maybe we can see another $19,500 or even more.

Huge sell walls was preventing Btc to reach that figure, which was already been expected.
I think we'll have to experience multiple times above $19,000 before actually breaking new ATH (that If there's no correction). Talking about corrections I think there's no going further below $16,000 or $17,000 as of this current situation. Everything in crypto space are still very bullish.

Anyway, there still a few days ahead before December and Btc are so close at $20,000. So, I'm comfortable enough that Btc might be breaking new ATH just before 2021.

That might be a long one Baofeng 😂 maybe you get into an error maybe you're saying 6-10 days and not years. Well, that's a pretty sum to observe the market but the crazy thing right now is whenever there's a short pullback thinking it will be a huge one the price keep going up and I think the bulls are the one in control of the market.

My guess is that we'll either break the ATH very soon, or very not soon - simply because failing to break through this major resistance would be viewed as weakness by many investors, and they will start thinking about shorting, especially since Bitcoin nearly doubled in price in one month. Being a pessimist, I think it will be the second - we'll have a crash soon, then maybe some stagnation and then we'll retest breaking the ATH again, hopefully with success.

There will be correction along the way, it's expected once there is a small pump, expect a correction to follow and this is good for the market it allows those who wants to buy so they can have a good opportunity for another coming pump. so far all eyes on the market now, everybody is waiting for the next all time high that people have come to believe will happen this year.

What a dump!
https://i.postimg.cc/kXBpbgNw/IMG-20201126-093757.jpg

Probably to shake out the noobs and the weak hands, we really are in the bull market and this scenarios are expected. For traders better to wait on the support and I think this isn't yet the big dump we are expecting considering we haven't broke to $20k. Any technical analyst out there?

Before the dump came its price was pumped from $19.000 to $19.600 and after that just need 15 minutes the price just dump below $18.200.

I don't know what has happened, maybe some instution or whales out there are trying to take profit. But technically if we see the monthly candle seem like it will be formed a bullish engulfing given we just need five days left.

But yeah, we need a correction first before the all time high is passed. The gartley pattern in montly time framehas given an indication that the price should meet a correction, but who know.

You spoke too soon mate, LOL,

Yeah, was surprised to see the whole market dumping right now, I thought that we can maintain at least $19k, but it's not mean to be. Anyways, just another day though, just look at the bright side, after this dump we may attempt again to $20,000.

We are still in November though, perhaps what the whales wanted is for the market to make this kind of correction and then as we entered December, there could be a huge spike and hitting a new all time high.

At the time I'm posting this, the price of Bitcoin is at around $17,898.01 already.
Looks like the expectation of most of the investors and holders hasn't happen :D. They've expected that it will go reach the new ATH but it didn't happen :D.

No surprise for me that the market has been down right now since I don't really expect for Bitcoin to go up and up forever. I'd say that this is a healthy correction and every market needs it. If you want to accumulate more Bitcoin and other altcoins, maybe this is the right time or wait for some time too your decision.

The question now should be would it continue to drop or would it bounce back?
It went from $19K to $17K real quick is this correction or is it really happening again what we experience in 2017.

That's why 2020 is not comparable to the massive bull run we have in 2017, this is just 2016.

So currently as the market goes down today at $17,700 and possible to continue to dip down tomorrow to $17k or even lower than that. So we know that ATH today is not possible as the whole crypto is going into a correction. So for me the real 2017 will be next year and that big possibility to enter a new ATH will be 2021.

It's interesting to know though what is the cause of the massive sell-off we are seeing right now. Maybe when everything settles down, we might see crypto media coming up with their own explanation.

The price can have another new bitcoin ATH in the next week or next month because the price now is down and remains at the current price. The price is now getting down too deep because it reaches $17,700, and I wonder if that will need more time to back to the high price or it will suddenly jump to the high price in the next few days. But still, we are waiting for the next ATH for bitcoin, and perhaps, this time will be a good time to buy more bitcoin. Or we can wait for more to see the price will go down for more. But I am sure that $20k will be break sooner or later, and that will be our profit to take it.

Asking if this can happen yesterday is No because few hours after Posting this thread Bitcoin price or i mean the Market lose momentum and starts to fall badly,Bitcoin losing almost $2k in recent Highest price and so as Ethereum and the Dominating Ripple also make it down.

better ask if we can break it this year,and i will confidently say YES.

it has been proven that Bitcoin can take 1000$ increase in couple of hours so what more if given 1month from now.

Did you tell me these words? if yes, then yeah maybe I should wait a little bit to see the movement. But when I was asking this bitcoin was trading around $19400-$19499 on Binance. I also did not expect that it will dump huge even more than 10%. But yeah I also thought it could be reached ATH or could be trading around $18500-19000 for more few days. And last what we are seeing most of the expectation are failed.

Now it has started to recover a little. GOD knows what is going to happen. But think always positive.

Don't worry Mate because the Dump seems stopping and the price is starting to recover,maybe this is the Correction that will lead to the start of Bullrun.

And also you're right because when you posted this the Market is really in great shape and the Value of Bitcoin is constantly Pumping .

We are so near yet so far, we had the chance to hit the peak but we failed so I don’t think the market will recover easily and hit the new peak in the last 4 days of the month. Anyway, there’s no rush with bitcoin and we always had chances to be better, Last month of the year will be great so stay faithful.

$20k will definitely happen but when that is? still a mystery.  I agree with others who think this is just the same as in 2016.  take advantage of the profits you get in this short bullish time, then buy again when the Bitcoin price experiences a major market correction..

The possible reason why the market price is falling at a high rate is probably investors being afraid at this point. The market price stabilised at the $19k for a day then once it fell a little, some investors already sold due to panic. We'll, actually everyone is allowed to do so and we cannot blame those who sold early because they are probably still in trauma of the previous ATH. But if you could afford being firmed at this moment, choose to hold because there's still hope for this year's ATH. Still a month to go and that I think is enough for things to happen and we should wait for it.

price touch at 19k last day and that was verry close to 20k but there is that force again that pulls bitcoin from reaching it .

 20k isnt a mystery but that was a reality now and whats good is that people are given a chance to hope in for that 20k Ride because the price just decrease around 2k usd .

 this was going to be the last time that we will see bitcoin decrease this high and the next session will be full of straight highs .

Looking in this chart convince myself to answer with No,
But this could also collapse when BTC starts moving up again in the remaining 4 Days.
We have seen how easily it could go up or down in a short time.
But I really think that it couldn't hit a new ATH right now maybe if the price drop didn't happen I would definitely say YES like 100% sure .

If you look at the price now you will have second thought if there's a chance for another all time high, $16,926.79 is not looking good when just three days ago it almost reaches the $19000 level.
until we reach the month of December and we can see figure out the movement of the market, then we can say if there's a chance for an all time high this year.

Bitcoin is now in a very important position. It remains to be seen when we will see the new ATH again. I still think we’ll see Bitcoin’s new ATH maybe next week or within the next month. So now I will just patiently observe the market.


This correction was very fast. The market may bounce from here or go further down. Now we have to wait and see where Bitcoin will go in the coming days.

Typo error mate, I mean 6-10 hours,  :D. Unfortunately, it didn't happen, crazy 24 hours as the price plummeted to the $16k range. So a correction did happen, so obviously, there is no all time high, but a lot of speculation as what causes the huge dump. Maybe the $19,500 was too much, got rejected. The thing is that it was broken the next support of $18k that's why the dumping continues up to $16k range. And it's been bouncing around, and I think this time the support is holding at $16,500. So let's hope that there are no incoming dumps as it might cause another panic to $12k-$14k.

Perhaps, it will happen in the next month because we already see $18k in this month, so the chance to reach that price will be bigger to happen in the next month. But as you said, it still a mystery and no one will know the right time to happen. The bullish time will come again to us, and after this bear market, the bullish market will come, and we can make a profit again. You can prepare from now on by buying the bitcoin at the current price, so you can have the opportunity to make a profit.

No more ATH within the month. That's probably certain as the month of November is already about to close. There are only four more days left including this one before we are going to officially enter the month of December, the last in 2020.

The price is still stuck at $17,000. Of course, it is still possible to reach $20,000 within three days but it is highly unlikely. I am seeing a higher sell wall overall at $20,000 or even lower than that for sure because other people would certain compromise a few tens or hundreds of dollars to get ahead of a bigger sell order.

Haha already this month was ended with in a day, I don't think it will reach $20'000 within three days. Because current market is purely fluctuating in sinusoidal way so it will be pump and dump at anytime. I think big holders are store the BTC on 2013 so it is just a bottom on the crypto environment. But 2017 most of the whales are wake up and start the activity in the market, again it will be drop on constantly so investors are store the gems and waiting for the next ATH, then finally this month it is going to peak and it is not a end card so waiting for next month ATH.

It was an unexpected one from all. But we can't do damage control now. Just we have a option to make a hold.When the price had increased, it will be the best time to buy and when the price of bitcoin had reduced like this.We should make a hold of available coin and if possible buy some coin at a low price.It should be used as an opportunity.

We failed to see it, we really were too close and I really hope that we will finally see it one day, but until that happens it looks like we are going to not really see anything over ATH just yet.

I do not feel like we are done trying, it looks like there are tons of people who are still supportive of bitcoin and who really thinks we are not out of the bull run just yet, but just because they think that way doesn't mean it will happen that way neither, so we are at a stage where a lot of people who are still hopeful about ATH price to be broken but a million people who wants it up wouldn't worth the same as few people who have 10x more amounts in bitcoin that can crash it if they want to. This is why bitcoin is volatile and also very unpredictable as well.

We've marked new ath for the year 2020, and the new ath value hasn't crossed the previous bull run value. As in the quote we encountered very close market movements and finally failed to reach the targeted prediction of experts. None is sure how far will the market crash before a bounce. As per my view, it will reach around $15000 to be the bottom price. Once after that we can expect gradual move taking the price touch new ath by 2021.

Hey guys,

Still, some hours left to finish this month (November). Bitcoin came back again to $19,200 after making some corrections. It's very near to the new last ATH $19700. Just need a little run to touch the ATH. but maybe we can not see it few hours. but hopefully we can see it in next few days even tomorrow. what do you think?

OMG it's now $19790  ::) ::)

https://i.postimg.cc/yN39dS28/222222.png