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Author Topic: Will Bitcoin ever be 20K USD again?  (Read 577 times)
el kaka22
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May 28, 2020, 09:22:51 PM
 #61

This looks like it may take some time before it happens again. I used to believe that "since we did it once, we can do it again" type of mentality and I still think that bitcoin will "eventually" be 20k in the end but I do not believe it will be quickly anymore. It has already been over 2 years now, so we can say that it already didn't happen quickly.

What we need to focus is how we could go above 10k without dropping back up very quickly. Since, those 20k peak times we dropped under 10k, and ever since that moment whenever we go above 10k we crashed under very quickly. There is this limit at 10k when we pass everyone starts to sell and we drop. Even when we broke over 14k last year we still went under very quickly to 7k levels as well. So, my new aim is not even 20k, it is about sustaining above 10k levels.

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