No stopping? After New High, Bitcoin Price Eyes $20k

[rsrb]

Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis.

As expected, solid dip demand around $14,000 levels seen over the weekend fueled the move to fresh record highs above $17,000 yesterday.

As of writing, the CoinDesk's Bitcoin Price Index (BPI) is at $16,743 levels. The world's largest cryptocurrency by market capitalization has appreciated 0.72 percent in the last 24 hours, going by CoinMarketCap data.

While investors commenting on social media reveal fears of a minor pullback, the price chart analysis says the broader outlook is likely to remain constructive.

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[Kprawn]

If history repeats, then we will soon see a breakout price to record high levels. Nobody can predict the period between these

corrections, but we know they will happen. I think more and more people are returning from Holiday now and we will see a

good price increase over the next weeks.  ....Once the LN is implemented, $20k will be easily breached. 

[selenophile]

Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis.

As expected, solid dip demand around $14,000 levels seen over the weekend fueled the move to fresh record highs above $17,000 yesterday.

As of writing, the CoinDesk's Bitcoin Price Index (BPI) is at $16,743 levels. The world's largest cryptocurrency by market capitalization has appreciated 0.72 percent in the last 24 hours, going by CoinMarketCap data.

While investors commenting on social media reveal fears of a minor pullback, the price chart analysis says the broader outlook is likely to remain constructive.

it will hit the $20k again soon. as the market cap also increasing many altcoin will benefit on that.

[drachman]

Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis.

As expected, solid dip demand around $14,000 levels seen over the weekend fueled the move to fresh record highs above $17,000 yesterday.

As of writing, the CoinDesk's Bitcoin Price Index (BPI) is at $16,743 levels. The world's largest cryptocurrency by market capitalization has appreciated 0.72 percent in the last 24 hours, going by CoinMarketCap data.

While investors commenting on social media reveal fears of a minor pullback, the price chart analysis says the broader outlook is likely to remain constructive.

it will hit the $20k again soon. as the market cap also increasing many altcoin will benefit on that.

It is the other way around, when bitcoin does well, alts suffer since a lot of money that is invested in alts goes to bitcoin as traders try to make money with bitcoin, so if bitcoin is going to go up once again, I will do my best to get out of alts so I do not lose money.

[player514]

If history repeats, then we will soon see a breakout price to record high levels. Nobody can predict the period between these

corrections, but we know they will happen. I think more and more people are returning from Holiday now and we will see a

good price increase over the next weeks.  ....Once the LN is implemented, $20k will be easily breached. 

Well if history repeats, then I'm pretty sure we'll also see a huge drop alongside the breakout price to record levels. I feel like the issue with bitcoin is that not a lot of people know what they're putting their money into. They're just jumping in trying to make as much money as they can while the rises last. The thing is, that I do believe that the Lightning Network's implementation should make the price skyrocket because it literally fixes everything wrong with bitcoin, but people aren't really going to understand that, and because of that we might see a slow down in the rise.