BTC is getting ready for 20k again

[TopTort777]

Still don't understand what causes such a tremendous growth. Just a bullish market?
When was Bitcoins ATH reached? Middle of December 2017 ? As in 24 hours the price get +800 USD, I guess that Bitcoins ATH will be updated this year. We just need to hope that FOMO will push the price forward and there will be no shocking news till the end of the year.

[pallang]

Still don't understand what causes such a tremendous growth. Just a bullish market?
When was Bitcoins ATH reached? Middle of December 2017 ? As in 24 hours the price get +800 USD, I guess that Bitcoins ATH will be updated this year. We just need to hope that FOMO will push the price forward and there will be no shocking news till the end of the year.

Maybe there are group of traders who knows an inside news about bitcoin and they pump bitcoin like theres no end. And also citibank predicted bitcoin to go hundred thousand by 2021 that might also added the hype.

[KnightElite]

By the time I'm posting this, the price of Bitcoin in coinmarketcap is at $16,779.17 already.
Just less than $300 in reaching the $17,000 price.

The FOMO is real already. Investors are buying Bitcoins even it is at its highest as of now because they are afraid to get left in the ride . Those Bitcoin holders right now are happy since they are getting profit by just holding it.

I predict that we will reach the new ATH in the first half of 2021 if we will continue this trend. It will be a long road still with ups and downs but I'm pretty sure that we will reach a new ATH next year and a year of downfall again in 2022 .

I think you have misconception about FOMO because even if the price is now high, we can buy as long as we have plan. FOMO is you chase prices wherein you do not have any plan but if you have plan then it is not considered as FOMO. Look at the price of the bitcoin, it is very bullish by just looking in its RSI where it doesn't even touch RSI 70 and it continue to consolidate above it. For me what's happening in the price is good and actually there is a breakout that happen again in the small consolidation of the bitcoin, I know there are still opportunities if you want to enter in this type of trade. I'm looking forward to see the price of the bitcoin to have a retracement first before it makes a new All-time high.

[Kong Hey Pakboy]

Bitcoin is continuously increasing it's price as everyone expected that bitcoin's price is now at $17,824.90, so we are obviously getting closer to bitcoin's ATH or $20,000 price. But I think other people are still confused about bitcoins sudden increased this year that it is hard to make a decision if you would continue to hold your bitcoin and wait for it's price to reach ATH again or sell the half of your holdings today while the price is high.

[STT]

Apparently the price is relatable to a falling amount of BTC on exchanges and last ATH we had declined similarly.   



I do expect us to pull back slightly near term perhaps to about 16800 but possibly even as low as 16000.    Reading people saying of course we always had to come back to 20k makes me feel uncomfortable as a good rise is much doubted but its not a chorus yet.   People expected 20k just after it was the ATH and didn't recognize the game had changed till long after, we have a good trend but the more leaned upon it is the more I expect it to bend and break.

[buwaytress]

To be fair it was always destined to be back over $20k once again, it wasn't really something we would have guessed would take this long, it was 2017 when we first broke over it (technically only few places went above $20k and many stayed at $19.6k or so at best) and I was assuming it would be back in 2018 and when it failed and continued to drop, I assumed that spring 2019 increase where we moved to $13.9k levels would be the moment we would break over $20k.

We are still not over $20k this year neither, let's hope for this to continue and by all account it looks like it is going to be over $20k but if it fails it would mean we will have to wait another big increase once again to break over it. I would have assumed it would have happened already.

Most of us (read all of us) certainly felt so, but there was never anything to prove that this would happen for certain, other than the glorious weight of history, where Bitcoin inevitably takes years to pop its ATH and then move back into a new cycle of new highs.

We're still not there yet, though. Just about $2k shy today so far, and even if we go back over $20k, it's never truly certain we'll see it do another massive rally to push new heights.

It's a bloody enjoyable ride, though.

[deisik]

Apparently the price is relatable to a falling amount of BTC on exchanges and last ATH we had declined similarly

And it goes quite well with my theory of volatility death spiral

The diminishing liquidity available for trading, for example, due to hoarding, will eventually force the market to enter the so-called volatility death spiral (well, this is my invention, so bear with me). Less liquidity means it takes less amount of resources as well to move the price either way. Consequently, at the end of the day we are going to see insane levels of volatility. We are not there yet, but we are well on our way there

[Shasha80]

It’s impressive that bitcoin has now gone up at $17,585 today. This exceeded expectations. Because so quickly bitcoin left the price of $16K.
And this rise has nothing to do with the American presidential election. This is pure because people are increasingly believing in bitcoin,
so adoption of bitcoin is getting higher. So it doesn’t close the possibility that bitcoin can break through the price of $20K even more.
And this will further increase confidence for those who have not invested in bitcoin. All of this will dispel any doubts about this bitcoin.

[dunfida]

Bitcoin will try to go up to $ 17000 and if $ 17000 is passed,
the rumors about Bitcoin will reach the All time high to $ 20000 will soon materialize,
now there is a lot of good news about Bitcoin, last I heard a prediction from Citibank that Bitcoin will reach $ 318K in December 2021,
of course this is make Fomo, don't miss it.

If I'm not wrong it already touch to $17,000, but the one I see as per CMC price these moment is at $16,983 price which is so close by now and for sure in next upcoming days we will see great things especially the the hype given by citibank is quite appealing and I'm sure many will look after this and might it will create a demand since I think many will believe on the words given.

FOMO would be always present in times like these so be careful.! This had been a common cycle or situations where the price is trying to raise up that high where these very bullish sentiments
do continue to pop out from nowhere neither this had been said by popular or known personalities or big companies.We are almost hitting 20k but doesnt mean
that we wouldnt headback down just like on what happen on the previous bull run. For now lets see on what would happen if there would be no huge rejection on that 20k
resistance.If it does break then people should at least mind on reaching 30k instead of 300k.

[wxa7115]

I think the same, I don't really think that we're going to see anything remotely close to what we saw with altcoins in 2017, it was one of those things that happened only once in a lifetime and those that were able to take advantage of it should be happy about it and congratulate themselves for having the vision of understanding exactly that and getting out of the market of altcoins when it seemed that it was about to crash.

But the same is not true for bitcoin, now it seems that it's headed for even more growth as it is currently stabilizing itself at the 16,000 level and if this continues we're going to have a legitimate chance to challenge the previous all time high and once that level is surpassed we have no idea how high the price of bitcoin could go.

I think the past (this wild growth) cannot be repeated in any way. Neither altcoins nor bitcoin. No matter how high levels are taken as a percentage, they will never surpass the initial growth from scratch. What must happen in crypto for an investment of $ 100 to make you a millionaire? And before that it was possible.

That is never going to happen again, I agree on that, but bitcoin is still capable of significant growth despite the huge market cap that it has, obviously nothing as ridiculous as what bitcoin did in 2017 but there is a lot of potential, people recognize that and that is why a lot of money that was invested in altcoins is moving in bitcoin once again.

It will be very interesting to know how high the price will go this time around, we are very close to the 20k level and bitcoin is showing no signs of slowing down, honestly I was expecting that when we got close to that level will see a drop in the price and so far this has not happened as if there is no resistance at that level, something that I find surprising, and it seems as if we are going to surpass it without any kind of problem.

[KTChampions]

Apparently the price is relatable to a falling amount of BTC on exchanges and last ATH we had declined similarly.    



I do expect us to pull back slightly near term perhaps to about 16800 but possibly even as low as 16000.    Reading people saying of course we always had to come back to 20k makes me feel uncomfortable as a good rise is much doubted but its not a chorus yet.   People expected 20k just after it was the ATH and didn't recognize the game had changed till long after, we have a good trend but the more leaned upon it is the more I expect it to bend and break.

A very interesting graph, I would like to see it for a longer period - for example, starting in 2016.
By the way, why does the withdrawal of bitcoins coincide with a fall in price? After all, if there are fewer bitcoins in the trade turnover, then the price should be higher (assuming that the demand +/- is constant).

[boltz]

FOMO already started and this is where I will wait for a correction to happen as I'm not convinced that we're in a complete bull run as it's way to sooner and unexpected and this is my opinion. I already have friends that are asking how to buy Bitcoin and from where ...but they did not buy at 3.5k$ but they would now ...buying in a complete bull run trap.

[$crypto$]

FOMO already started and this is where I will wait for a correction to happen as I'm not convinced that we're in a complete bull run as it's way to sooner and unexpected and this is my opinion. I already have friends that are asking how to buy Bitcoin and from where ...but they did not buy at 3.5k$ but they would now ...buying in a complete bull run trap.

FOMO has been started since the last 1 month but still people will still believe in the future bulls as well as me reaching $ 20k can be a level that can be expected, ATH will be reached soon after seeing the real correction.

Some say that buying bitcoin is already done now, but for me there is still an opportunity with a rise that will happen in the future, we will be waiting for the seconds to redeem the numbers that have been expected for 3 years and if this happens in the current year then that's true. predictions will come true.

[KTChampions]

FOMO has been started since the last 1 month but still people will still believe in the future bulls as well as me reaching $ 20k can be a level that can be expected, ATH will be reached soon after seeing the real correction.

Some say that buying bitcoin is already done now, but for me there is still an opportunity with a rise that will happen in the future, we will be waiting for the seconds to redeem the numbers that have been expected for 3 years and if this happens in the current year then that's true. predictions will come true.

It is likely that you are right and we are really on the verge of updating the ATH. Tell me, what level of return on short-term (?) Investment will satisfy you? 20% of the past ATH? thirty%? If you look at it in relative figures, this is a small profit, but if you recalculate it in physical terms, then the figures are quite frightening.

[dragonvslinux]

Apparently the price is relatable to a falling amount of BTC on exchanges and last ATH we had declined similarly.   



I do expect us to pull back slightly near term perhaps to about 16800 but possibly even as low as 16000.    Reading people saying of course we always had to come back to 20k makes me feel uncomfortable as a good rise is much doubted but its not a chorus yet.   People expected 20k just after it was the ATH and didn't recognize the game had changed till long after, we have a good trend but the more leaned upon it is the more I expect it to bend and break.

A very interesting graph, I would like to see it for a longer period - for example, starting in 2016.
By the way, why does the withdrawal of bitcoins coincide with a fall in price? After all, if there are fewer bitcoins in the trade turnover, then the price should be higher (assuming that the demand +/- is constant).

I also want to see the more zoomed out version, I don't understand coinmetrics website enough to find that chart myself 

I've have however seen what 2016 looks like and compared to 2020 it looks like very minor. What would be more interesting to see is the comparison of 2016 vs 2020, ie 2016 data isolated, as I'm certain that the withdrawals from exchanges looked much more than they do now. Similar to the $1.2K to $200 drop that we can barely see on a linear chart.

[fortunecrypto]

Still don't understand what causes such a tremendous growth. Just a bullish market?
When was Bitcoins ATH reached? Middle of December 2017 ? As in 24 hours the price get +800 USD, I guess that Bitcoins ATH will be updated this year. We just need to hope that FOMO will push the price forward and there will be no shocking news till the end of the year.

The most shocking so far is the pandemic, there could be one but hopefully, it will not come this year just when the market is gaining ground, this is the best pump in two years, and all our hope about an all-time high this year has now become a possibility.

I'm pretty sure that there are FOMO especially those new in the market and they are helping the rice to move forward at a very good pace, whi knows we'll have $20 k before the end of this month.   

[yohananaomi]

BTC has refused to look back, I am not seeing BTC have a stop at the 20k resistance. I am looking forward to a surprise in the next few weeks that will attract more attention into the space.

Of course everyone hopes like that and we cannot avoid that in the next few weeks your prediction will be achieved. but it must be remembered that bitcoin has experienced quite a few surprises, bitcoin can unexpectedly go down quickly and surprisingly can go up again quickly too.

I predict is bitcoin will not be able to stop the increase will occur next year not this year. We know that usually the end of the year bitcoin also comes as a surprise, but from the start we have done it, the possibility of a decline can actually occur, but there is no concern because a sharp increase will occur next year.

[Pamadar]

BTC has refused to look back, I am not seeing BTC have a stop at the 20k resistance. I am looking forward to a surprise in the next few weeks that will attract more attention into the space.

Of course everyone hopes like that and we cannot avoid that in the next few weeks your prediction will be achieved. but it must be remembered that bitcoin has experienced quite a few surprises, bitcoin can unexpectedly go down quickly and surprisingly can go up again quickly too.

I predict is bitcoin will not be able to stop the increase will occur next year not this year. We know that usually the end of the year bitcoin also comes as a surprise, but from the start we have done it, the possibility of a decline can actually occur, but there is no concern because a sharp increase will occur next year.

With so many news about adoptions and with more big investors to show up.

We will expect for more rally to go high, as long as there are holders who can survive this series of pumped and not to allow manipulations
to bring it down again, or if ever allow those short term holders to sell out and buy more while the value is still down. You'll be compensated well after as the expected new time High will bring a good profits to your investment.

[peter0425]

Impressive performance from the past couple of weeks is this the effect of American election?

At first same thought here because the Pump happens in Election days so what i have in mind is that Biden's advantage push the market up.

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

but a bit frustrating because we almost break the $19,000 but drops badly again now to $18,300.

[Janation]

really amazing performance in this Q4, Bitcoin shows that he is the best investment during this pandemic,
looks Bitcoin can be above $ 17000, I believe the next target is all time high 

It is still increasing.

The price is still going strong. Never thought that it would stay strong for a while. I am thinking that the price will never ATH but since the price is still strong, means we have a higher chance of having another ATH this year. It is so great that it is still going strong, I am not hoping for far greater as long as the price just stays here.