BTC hovering at 19K, but there are 4 reasons for a further pullback

[STT]

20k isnt a major area of resistance as I cant see any reason why it should be beyond nominal effects and perception.    We are pulling back into year end which I think is quite normal, to really observe a rise all at once takes alot of momentum otherwise we get cycles to the price movement as speculators invariably take profits and even switch to speculate on the downside as guessing both directions is most profitable.     I put out a fib fan on the graph and price seems to be following in a pattern that outlines deterioration and decay in market momentum, it does not have to be extended but yes I would guess downwards is our resolve.

[Lanatsa]

It makes sense to see a pullback, as we've seen a steady movement up throughout the year and then a sudden spike from the $14k up to the $20k price range. It could easily drop down to the $15k area and still have made decent progress for 2020. Lots of people tend to look at the situation backwards out of greed, we should be grateful if the price falls because it allows you to pick up more. Remember that there are only a fixed amount of bitcoin available and the natural supply is constantly dwindling for a variety of reasons. Real wealth is made over a long time and very rarely overnight.

As expected were human beings doesn't really get contented so easily that's why they do really give out some criticisms or those negative inputs that we aren't really breaking out the ATH
without minding on how fast we do able to reach this level in just in a few months time and now they are making complaints?

Corrections is part of a healthy market and as said we should really be grateful on what are the digits we are seeing now.Pullback is inevitable and instead of looking
this as an unfortunate event then it is much better to see it as an opportunity because we wont know if
we wont be seeing these prices back.

[Findingnemo]

Stock market is declining which doesn't really mean bitcoin prices also will goes back to bearish trend because we are yet to break new all time high so still a long way to go with this bullish trend with much more correction phases.

[Saisher]

https://cointelegraph.com/news/bitcoin-price-short-term-pullback-is-very-possible-for-4-key-reasons

1.The $19,500–$20,000 resistance area is a major roadblock
2. Miners are selling Bitcoin
3. “OG” investors are not buying
4. The stock market is declining

Thoughts?

I guess your analysis is correct there is really a stumbling block, and the market is stuck and struggling in the $18000 level the bis concern really here is the miners selling their shares it posted a new yearly high if whales are not buying or stop buying more then it's likley we will have a price drop to $17000 but things can still change of course.

This is indicative of miners applying selling pressure on Bitcoin, which raises the probability of further consolidation or a larger price drop.

[elisabetheva]

Stock market is declining which doesn't really mean bitcoin prices also will goes back to bearish trend because we are yet to break new all time high so still a long way to go with this bullish trend with much more correction phases.

Bitcoin experience doing things like this has often been done in the past few months and I can believe with your predictions that the correction phase can also occur. but there is no need to panic seeing a situation like this, I even predict that bitcoin will fall again until the end of this year.

because I see that the new highest ATH that bitcoin will do is not this year but will happen next year. there is no need to be afraid because bitcoin will find momentum to bounce back even more than 2017.

[darewaller]

I can see support as big huge at $13.8 which means if price ever goes under that, we are really in a huge bear market that would be very very difficult to break and we will not be going up for a long time. Until that price there is really nothing we can't recover from.

Going from nearly $20k to suddenly under $18k? That would still be recoverable if we put up some money, which we did already and wouldn't be that shocking that quickly, however that was just one time thing and we can't guarantee another neither, so that is why I think it would be recoverable but in order to go under $13.8k we need to go under $15k and that means it could still be going up after that but it could be going to a place where it may never recover for years. So, keep the price above $14k and we are going to be fine.