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Author Topic: BTC is getting ready for 20k again  (Read 1385 times)
Maslate
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November 25, 2020, 11:31:27 PM
 #121

less $ 1000 more Bitcoin price reaches $ 20k,
but this is something tough considering the current situation the market is very volatile,
I do not hope the price of Bitcoin can last at $ 19k until this week.

So you are saying it will drop $19k and will not reach the $20K?
Please clear your statement, I'm a big confuse with it.

well for me, I'm not really sure if bitcoin will break out and reach a new ATH, at the current price, it's easy for bitcoin to reach $20,000
but it seems in the past few days it struggled breaking the wall.

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tbterryboy
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November 26, 2020, 03:37:37 PM
 #122

I believe the reason why we are not breaking over easily is the fact that there are too many people who are scared. Buyers are scared because they fear if they buy more from here the price may crash and burn like last time after breaking over ATH or even before that, and sellers are afraid because if they sell from here the price could break over ATH as well.

However sellers are a it more at ease because if they bought at lower, they are going to miss out from profit but they still profited a bit to say the least. So, it is quite understandable why bitcoin didn't went up just yet but it is on the path, it will go up. There is no situation where bitcoin went to $19.4k levels and didn't break over $20k because we are too close to give up right now.
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November 26, 2020, 04:16:09 PM
 #123

less $ 1000 more Bitcoin price reaches $ 20k,
but this is something tough considering the current situation the market is very volatile,
I do not hope the price of Bitcoin can last at $ 19k until this week.

So you are saying it will drop $19k and will not reach the $20K?
Please clear your statement, I'm a big confuse with it.

well for me, I'm not really sure if bitcoin will break out and reach a new ATH, at the current price, it's easy for bitcoin to reach $20,000
but it seems in the past few days it struggled breaking the wall.

Since breaking $19k wall is ain't yet being break now we see retrace, the value is now down and the after effect was all the crypto
or almost everything inside the market are reds,

For some time, observing the market behaviors will give you a good glimpse on what possibilities to come, way back the barrier was $15k
and in just few days that wall was break and continue to rise up to $19K.

We can expect that the chance that it will repeat this same patterns are very possible, assess and keep an eye with the market conditions
be ready in any adjustment that's needed to do in order not to lose your investment and your opportunities.

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CyberKuro
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November 26, 2020, 05:38:35 PM
 #124

I believe the reason why we are not breaking over easily is the fact that there are too many people who are scared. Buyers are scared because they fear if they buy more from here the price may crash and burn like last time after breaking over ATH or even before that, and sellers are afraid because if they sell from here the price could break over ATH as well.

However sellers are a it more at ease because if they bought at lower, they are going to miss out from profit but they still profited a bit to say the least. So, it is quite understandable why bitcoin didn't went up just yet but it is on the path, it will go up. There is no situation where bitcoin went to $19.4k levels and didn't break over $20k because we are too close to give up right now.

 It's expected as bitcoin approach the ATH, too many people want to sell at that point, so it makes sense to sell-off before bitcoin reaches that target, then buyback at the dip, waiting for the next leap.
So, this is normal in the market of free trade, everyone has a target, has a plan, just hold it or sell at the moment, if the price holds its position above $16k and be able to bounce back to $19k, many people will regret their decision to sell at current price and vice versa.
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