Bitcoin price to reach $17k?

[Sebas.tian]

But we just had a correction from $16,500 to below $16k, so that $17k won't happen for now. And I believed if the rally continues, we might go as high as $18k but it didn't as another roadblock has hit at $16,500, another big mental barrier that we need to overcome. So we don't know how low can it go with this market correction, perhaps we will go back to $15,500 before another leg up.

yeah, seems that $16,5k will stay for some time, but we are again above $16k
it will be interesting to see what will happen until the new year, ATH seems to be out of reach, but could happen

Basically your analysis seem good to my hearing mate, $15.5k should be the bottom soon before the major bullish  set into the game again as the year get close-up, but the Bitcoin market these days can't be predicted as we have seen from the very few days of this month November, 2020. I have always said this, the market won't close bellow $15k this year, we should look for a great year into 2021 where another all time high are expected to set in through global adoption.

[error08]

Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,
whether bull or bear will win, we'll see.

It is up again.

It's back to $16000 again. That is usual and expected and am more into bullish.

That is an obvious pattern,imo.

Bitcoin can't break the resistance at the 16.5k mark.
After a bit of correction, bitcoin doing great rejecting prices under 16k and hold its position right now. Tomorrow is the best time to judge how the market reacts toward bitcoin, whether it will be sideways or retest the resistance level once again. However, the bull run isn't over yet, $17k is only time matter to reach that point, probably within a week to get there.

[bitgolden]

Interestingly enough even after going under $16k, it has went back up now. So, I don't know what to say anymore about it. I thought the increase stopped and price finally started to go down, I got excited because it meant I could get in once again, now I am not so sure about it. I already have a bit of crypto in my account, and I have some USDT as well and I want to get involved but I am not sure about what to do and how to do it, I just know that I can wait a lot longer than market could wait and I will be patient about when I will increase my portfolio.

So, $17k is once again very possible, it is not something I am expecting too quickly but it is looking more and more possible the longer bitcoin declines to go down, when it can't go down the only way is up and above.

[YuginKadoya]

$17k is real and real speculation but to go much more behind from that price is something not to give in easily. The speculation for bitcoin that it will have six digit numbers of value is nothing but to pump bitcoin by those who want a double easy profit.

It is a possibility to go to the $17,000 USD but it is really too early to speculate on the $100,000 USD, in my opinion, we can speculate near the price to be on the $16,000 USD to $18,000 USD, and I am speculating near the last All-Time High, I feel that this is really the time for bitcoin to make a step and take on a new All-time high.

[Clement Kaliyar]

~
It is a possibility to go to the $17,000 USD but it is really too early to speculate on the $100,000 USD, in my opinion, we can speculate near the price to be on the $16,000 USD to $18,000 USD, and I am speculating near the last All-Time High, I feel that this is really the time for bitcoin to make a step and take on a new All-time high.

I have no doubt that the price would touch the all time valuation but it is a matter of when that would happen, we might not seen that in 2020 but by the first quarter next year we might see the price moving ahead and break a few resistance and records but the hopes of six figures is impossible at this juncture. Even when the price started rallying i was worried about the transaction charges and even though we had some delays in the past two weeks things are getting better.

[jossiel]

$17k is real and real speculation but to go much more behind from that price is something not to give in easily. The speculation for bitcoin that it will have six digit numbers of value is nothing but to pump bitcoin by those who want a double easy profit.

That speculation of 6 digits ain't nothing.

There really is a chance that we can see that but as of the moment, we have to cross from different price levels for bitcoin to attain it. At this time, bitcoin is stretching and going back a bit but it isn't that much of a pullback.

Unlike the pushing of the price that it's able to reach $16,000. The correction isn't a lot and tolerable.

[Kelvinid]

$17k is real and real speculation but to go much more behind from that price is something not to give in easily. The speculation for bitcoin that it will have six digit numbers of value is nothing but to pump bitcoin by those who want a double easy profit.

That speculation of 6 digits ain't nothing.

There really is a chance that we can see that but as of the moment, we have to cross from different price levels for bitcoin to attain it. At this time, bitcoin is stretching and going back a bit but it isn't that much of a pullback.

Unlike the pushing of the price that it's able to reach $16,000. The correction isn't a lot and tolerable.

That's right and we can't just think that it will soar high faster. The situation can tell and obviously, we saw that the trend even getting harder to move high. The mindset of the people now had already changed, not like it was happening in last 2017 where many of them (mostly newcomers) jump into crypto without thinking wisely. People are not buying today because they are also thinking about the dumps if the hypes will burst. Their experience in previous years had taught them to act differently and not in FOMO.

[chanler]

Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,

Why scary? Have we lost a chance to see $17,000? Not at all, the decline after a big move is normal. There is no problem with correction, I am pretty sure that the increase of Bitcoin price will continue. If you are afraid to lose a chance for profits, it means you don't have a brave mental of a Bitcoin holder. NOw it is the time to test us how brave to hold before the bullrun day.

[Jating]

Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,

Why scary? Have we lost a chance to see $17,000? Not at all, the decline after a big move is normal. There is no problem with correction, I am pretty sure that the increase of Bitcoin price will continue. If you are afraid to lose a chance for profits, it means you don't have a brave mental of a Bitcoin holder. NOw it is the time to test us how brave to hold before the bullrun day.

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

[Furious 7]

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

I think the rejections at $ 17k are normal and this is just the start but bitcoin won't fall below $ 15k it will persist with the corrections.
But still looking at what situation will happen in the future, maybe 2021 is where the peak is and now the scenario that happens is not entirely that there will be a more severe decline.

It's not going to be down 60% it's more scary to happen but in this session we will see how people are wise in dealing with it knowing that this is a cycle that will happen in the following year.

[STT]

I'm carefully watching in this area as I do think its kinda pivotal and the action has been so impressive recently I did wonder if we can slingshot into much higher 'impossible' type highs.    So we lost some momentum over the weekend, if large mainstream institutional buyers are the drivers of this rise that'd make some sense I guess.



just breaking upwards through 2 day moving average which would indicate buying is not over perhaps.

[Fredomago]

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

Gainers are selling their profits and now they are back in action bringing the price to rise up again, it's a normal to see as we are inside trading business, no need to be afraid. You have to condition yourself that with lots of chances this traders will continue to play, be wise and make your own assessment market will continue both sides are possible you have to position yourslef and make sure to have a good back up plans in case thnigs won't og according to your first position.

There's enough time as you mentioned, if history will repeat itself then not just $17k but it can go more, if things went smoothly we might
see another ATH, who knows right.

[sayaya17]

I want the price of bitcoin to be more bullish than in 2017. To get to $17K is now very close, the current price of bitcoin is $16,250. 
Because seeing the price of bitcoin continues to rise it seems possible that bitcoin will move closer to the price of $20K.
Bitcoin optimists will continue to rise in price due to a lot of positive sentiment outside. Demand is higher than supply,
as many have adopted bitcoin during this pandemic. Perhaps this is because of the fear of American entrepreneurs of inflation in their country.
So many American companies are shifting their assets to bitcoin.

[Casdinyard]

Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,

Why scary? Have we lost a chance to see $17,000? Not at all, the decline after a big move is normal. There is no problem with correction, I am pretty sure that the increase of Bitcoin price will continue. If you are afraid to lose a chance for profits, it means you don't have a brave mental of a Bitcoin holder. NOw it is the time to test us how brave to hold before the bullrun day.

I would not say anyone holding is braver or not, infact everyone has their risk appetite and accordingly only should work. Because some couple of thousand-dollar loss to someone mean nothing and to other it may mean a huge amount, so as per their own gaols/risk appetite one should be buying/selling.

That's the misconception. Many people believe that holding is the best thing to do, indeed it is but there will be times you will make a choice given that the market price is not consistent. The market value could fall in a sudden and there's no notice before its occurrence. If you do feel of selling, then you are free to do so, and doing so neither wrong or right decision because that is your money in the first place, meaning, you are the one to make actions for it in a way that you think will benefit you. But if you can afford holding for now, since there is a momentum, it would be a good thing ofcourse because profit could be bigger.

[7788bitcoin]

I think the rejections at $ 17k are normal and this is just the start but bitcoin won't fall below $ 15k it will persist with the corrections.
But still looking at what situation will happen in the future, maybe 2021 is where the peak is and now the scenario that happens is not entirely that there will be a more severe decline.

There is resistance above $16500 and if it is able to break that then we might see the price above $17k, the difference this time is that there are huge investments coming into bitcoin whenever there is a minor correction and so is the reason i am not expecting any downfall in the price but still i am curious to see how the market will perform next month as historically it usually is a silent one.

[Chrystora123]

snip..
since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? 

Bitcoin reaches $ 100k is still in our imagination but will definitely go there (Bitcoin price $ 100k).  if you only think about the risk without daring to buy then you will definitely lose the opportunity.  you just pay attention today, the price of Bitcoin is slowly but surely rising, the possibility of reaching $ 18k - $ 19k is very large (before the end of the year)..

[Jating]

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

I think the rejections at $ 17k are normal and this is just the start but bitcoin won't fall below $ 15k it will persist with the corrections.
But still looking at what situation will happen in the future, maybe 2021 is where the peak is and now the scenario that happens is not entirely that there will be a more severe decline.

It's not going to be down 60% it's more scary to happen but in this session we will see how people are wise in dealing with it knowing that this is a cycle that will happen in the following year.

We have official cross the $17k mark just now, so it's no longer a rejection but a test on that price.

So it we are going to look at 2021, most probably we won't see a decline but instead, we might try to get close to the last all time high we got. So let's see how are we going to do with $17k levels now. I'm expecting that it won't hold as this is another price wherein there could be some sell-off. But it will be just temporary though. In any case that we continue to push the price, most likely $18,300 will be another wall that we're going to hit.

[slapper]

Yeah, what's so scary about the down turn? this is just a normal correction. $17k was retested, just rejected, the price support at $16500 but then didn't hold goes down below $16k, that's how the market moves.

Scary is when the price goes down -60% last March and everyone has bitching around saying that bitcoin is dead, Lol. Much better to just stay relax and let the market goes on it's normal flow. We are not yet in the bull run that we are looking like the 2017, the four year cycle begins in 2021 so we have a lot of leg room to make for a new all time high next year.

I think the rejections at $ 17k are normal and this is just the start but bitcoin won't fall below $ 15k it will persist with the corrections.
But still looking at what situation will happen in the future, maybe 2021 is where the peak is and now the scenario that happens is not entirely that there will be a more severe decline.

It's not going to be down 60% it's more scary to happen but in this session we will see how people are wise in dealing with it knowing that this is a cycle that will happen in the following year.

Totally agree with you. With this momentum, bitcoin will hardly fall below $15k. Correction might happens but only cause a slight impact to the price. Though we need to be careful because anything can happen

[error08]

We have official cross the $17k mark just now, so it's no longer a rejection but a test on that price.

So it we are going to look at 2021, most probably we won't see a decline but instead, we might try to get close to the last all time high we got. So let's see how are we going to do with $17k levels now. I'm expecting that it won't hold as this is another price wherein there could be some sell-off. But it will be just temporary though. In any case that we continue to push the price, most likely $18,300 will be another wall that we're going to hit.

Bitcoin breaks $17k resistance, the breakout and upward movement is faster than I thought it might initially take a week but only took two days. seems nothing can stop the bull-run right now to reach $18k and the fundamentals are much better as well, bitcoin at $18,5k currently, whether it will take a brief dip or not after hit $18k.

~ the bull run isn't over yet, $17k is only time matter to reach that point, probably within a week to get there.

[Baofeng]

But we just had a correction from $16,500 to below $16k, so that $17k won't happen for now. And I believed if the rally continues, we might go as high as $18k but it didn't as another roadblock has hit at $16,500, another big mental barrier that we need to overcome. So we don't know how low can it go with this market correction, perhaps we will go back to $15,500 before another leg up.

yeah, seems that $16,5k will stay for some time, but we are again above $16k
it will be interesting to see what will happen until the new year, ATH seems to be out of reach, but could happen

Basically your analysis seem good to my hearing mate, $15.5k should be the bottom soon before the major bullish  set into the game again as the year get close-up, but the Bitcoin market these days can't be predicted as we have seen from the very few days of this month November, 2020. I have always said this, the market won't close bellow $15k this year, we should look for a great year into 2021 where another all time high are expected to set in through global adoption.

The roadblock has been cleared, and as I have said previous, $18k will be the target and it seems we are now back as the price is around $17,700 as we have seen a big push in the last 7-8 hours of trading. And yet we haven't seen the Asian market opening, it will be for another 2-3 hours, so it will be exciting to see if they can get past $18k or go as high as $18500 and then we will see what's going to happen after that price.