Why Bitcoin has not been able to hit $20k price in 2020?

[davis196]

Do we really need a 20K USD Bitcoin price?Do we really need a price bubble that will pump the price above  20K for a few hours or maybe days and then crash the price below 20K?
I would prefer slow and stable price growth over high volatility and price bubbles.
I think that most of the crypto traders and the crypto whales simply don't care whether or not the Bitcoin price is ever going to get above the 20K USD level.All they care is to buy low and sell high,which means higher price volatility and more profits in their pockets.This is perfectly fine and I don't blame them for that.

[globalcitizen]

It's pretty simple: It's because there are a crap ton of bitcoin being sold at the $19,000+ range.

Take a look at that gigantic sell wall on Binance:

https://www.binance.com/en/trade/BTC_USDT

Now that this wall has been broken, where do we go from there? Judging by the wall, I'm seeing it's likely to climb above $25K. May be I'm not a good analysts on buy and sell walls   You can help me out with a better analysis about the direction of its next move.

coinmarketcap.com

[LogitechMouse]

Well, it happened already this year and to be honest I didn't expect that the $20,000 will be reached by this year.
Isn't it a coincidence though?? Year 2020 is the year Bitcoin reached the $20,000 price for the first time . 2020-20.

Anyway kidding aside, if there will be no selling pressure in the next days after reaching this price there is a chance that it will move sideways at the $20,000 price range but the chances of this to happen is quite low as there are some investors that sees $20,000 as their selling price.

[globalcitizen]

Well, it happened already this year and to be honest I didn't expect that the $20,000 will be reached by this year.
Isn't it a coincidence though?? Year 2020 is the year Bitcoin reached the $20,000 price for the first time . 2020-20.

Anyway kidding aside, if there will be no selling pressure in the next days after reaching this price there is a chance that it will move sideways at the $20,000 price range but the chances of this to happen is quite low as there are some investors that sees $20,000 as their selling price.

What a coincidence it's being and to reach and cross 20000$ need to wait for 3 years exactly where last it was very close to 20k in 2017. This is a time for celebration as all those who never believed or through its going to crash and become worthless now would be sitting back and thinking about what make them say about it and may start investing now.

It is becoming very interesting and motivating for me. It has climbed all the way above $21,000 and still pumping. Even though I expect it to still go towards $25,000 a piece, but if it does retrace after this move, I think there would be no cause for alarm knowing that whatever goes up has the tendency to come down. It's one of the best gift to those of us in this industry this year.

[AmoreJaz]

Well, it happened already this year and to be honest I didn't expect that the $20,000 will be reached by this year.
Isn't it a coincidence though?? Year 2020 is the year Bitcoin reached the $20,000 price for the first time . 2020-20.

Anyway kidding aside, if there will be no selling pressure in the next days after reaching this price there is a chance that it will move sideways at the $20,000 price range but the chances of this to happen is quite low as there are some investors that sees $20,000 as their selling price.

What a coincidence it's being and to reach and cross 20000$ need to wait for 3 years exactly where last it was very close to 20k in 2017. This is a time for celebration as all those who never believed or through its going to crash and become worthless now would be sitting back and thinking about what make them say about it and may start investing now.

It is becoming very interesting and motivating for me. It has climbed all the way above $21,000 and still pumping. Even though I expect it to still go towards $25,000 a piece, but if it does retrace after this move, I think there would be no cause for alarm knowing that whatever goes up has the tendency to come down. It's one of the best gift to those of us in this industry this year.

just only after about 4 days that you posted this thread and btc has gone up to 20k level. didnt expect this also. but very good news to the crypto community. this time, we have solid reason why btc achieved this level again. how many financial institutions have you heard that they are still buying bitcoin? guess, there are several of them. but be alert also, as we dont know their plans, they may dump it once they see a very good opening to get their huge returns.

[virasog]

hey! take a look at coinmarketcap, the price of Bitcoin has broken through the $ 20k resistance,
and is now trading above $ 21k, what do you think? very extraordinary right?

Now we are at 22,000$. All those were saying to short bitcoin near 19,800$ as it cannot cross the resistance are now REKT. We are in bull market and price will go much higher than we see them today. But there will be correction in the way up, so be prepare for that as well.