Bitcoin penetrates into $17 000

[Qcrypto]

What else is there to say, numbers speak for themselves.
$20k by the end of 2020 seems more realistic by the day.

There was a sell order of $6Million at $17 000 price point

[ethereumhunter]

Yesss, finally sold some satoshi at $17k

The trend still goes up, and I hope it will still increase higher.

But I wonder how long the price will go up because the line is not going high. If there is more support for bitcoin, the price can go up and reach another high price.

[livingfree]

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

$20k becomes realistic today because of those jumps and there's no surprise if while we're sleeping we see the sudden push of price goes back to the historical all time high.

Yesss, finally sold some satoshi at $17k

Oh, congratulations to you. Me, still holding. 

[masterrex]

What else is there to say, numbers speak for themselves.
$20k by the end of 2020 seems more realistic by the day.

There was a sell order of $6Million at $17 000 price point

I agree with you mate it's highly possible that $20k will be reached within this month if this kind of trend will continue,
 
By the way, the $6Million sell wall was successfully broken thats why Bitcoin price now was traded at $17,100 it's another record high for nearly three years.
The next target is $18K so I hope that Bitcoin will not lose its steam to break another All-time high record.

[sheenshane]

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

Indeed, there's a lot more logical and realistic now, and not just steeped in false hopes leftover from the crypto bubble that commonly said for those who want FUD.

I'm very optimistic and I know others too.  Definitely, it will probably reach $20k at the end of this year since more and more are getting aware of Bitcoins and with the recent Citibank reports that were released a couple of days ago, it promotes Bitcoin where awareness and trust of the public can be gained.
Because of these large companies like Paypal, Citibank, and other companies who started to acquire Bitcoin in their services and has a million account holding Bitcoin that may start to get into Bitcoin then it could possibly make the demand higher and the price will surely kick more than what we're expecting before the end of the year.

The $17k resistance as of now hopefully will remain and go upward but we need to consider the short correction too, beware.

[k@suy]

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

$20k becomes realistic today because of those jumps and there's no surprise if while we're sleeping we see the sudden push of price goes back to the historical all time high.

Yesss, finally sold some satoshi at $17k

Oh, congratulations to you. Me, still holding. 

This was definitely surprising and to think that bitcoin has been gone through almost a year or two being in dumped state but who would've thought that even today we are facing worldwide pandemic bitcoin made a way to become a $17000 value. And a good chance to trade bitcoin and hopefully may easily get a good profit to those who have been hodl bitcoin. And not so impossible that before this year ends a bitcoin price may hit up to $20k.

[concept2]

Damn   bitcoin is unstopable. Should I buy more bitcoin or not?

400 bitcoin can be broken in a few hours with the current force. The bull run is stronger than i think. Gonna stack more alts for bettter profit. I am not sure whether there will be a correction or not. Buying alts is better option for this case. Many potential alts do not have much activity at the moment but the volume continues to rise

[Rodeo02]

Damn   bitcoin is unstopable. Should I buy more bitcoin or not?

400 bitcoin can be broken in a few hours with the current force. The bull run is stronger than i think. Gonna stack more alts for bettter profit. I am not sure whether there will be a correction or not. Buying alts is better option for this case. Many potential alts do not have much activity at the moment but the volume continues to rise

If it's true then someone already accumulating some alt so if the Bitcoin rally continue other alt will follow the trend . more investors know they can gain more in altcoin compared to Bitcoin in terms of possible income like 50% increase above they are now to accumulate as faster as they can so they can sell it once bull market for alt started.

Just make sure you also hold some Bitcoin in case it never follow Bitcoin trend you already have Bitcoin secured.

[dragonvslinux]

$17,300   Ascending wedge breaking to the upside, going beyond a theoretical parallel channel. Nothing stopping it so far



I think a close above that blue channel will give it space to move to $18-18.5.

[CyberKuro]

Damn   bitcoin is unstopable. Should I buy more bitcoin or not?

400 bitcoin can be broken in a few hours with the current force. The bull run is stronger than i think. Gonna stack more alts for bettter profit. I am not sure whether there will be a correction or not. Buying alts is better option for this case. Many potential alts do not have much activity at the moment but the volume continues to rise

Investing in altcoins is riskier because the percentage increase in price is not proportional to the decline later when bitcoin experiences a correction and falls to a lower support level. I have watched the development of some altcoins and their increase in price is quite tempting to buy, but buying altcoins when bitcoin prices are high is quite risky, some altcoins such as Litecoin and ETH showing a good rate, if you are convinced, then buy it but be prepared for the worst case scenario that might happen.
If bitcoin continue to break $18k without take a deeper dip below $15k, it's worth to try.

[suzanne5223]

The current demand trend of the Bitcoin market which posed to be stronger than the supply trend guarantee that the Bitcoin price has the chance to make a new ATH this month because despite the $6Million sell order the market still maintains the $17K price range but if the Bitcoin market makes a new ATH I expect a slight correction in price before it will be finally bullish.
With that been said, ETH seems to correlate with the current bullish price of Bitcoin.

[Harlot]

Looking at the prices plainly will just make you predict something inaccurately, with the picture you have given it clearly shows that the volume even if the price is going up it is going down showing us that the demand is going down as well. A price increase with less demand can easily be translated to the rally for being a weak one. Also with no major corrections happening on such a long rally do you really expect for it to go ahead and not take any kind of break?

[buwaytress]

I actually saw that sell order getting eaten up at my exchange, was surreal to watch. Was early selling some Bitcoin I was meant to have made at the end of the month. I don't generally do that, but I'd actually marked it to sell around $15k so I didn't mind the extra 12% or so.

ATH can still hit, now we have just over 6 weeks left to the year. No man's land, though, just be wary boys and girls.

[dothebeats]

Could go even higher since there’s not much sell pressure on the market now. There’s even a possibility of it breaching $18K today, as the price stands shy of $17700 last time I checked it. This might be the bull run that every one has been waiting for, though it has been pretty subtle for the most part and seems to be a normal occurrence just now.

The $6M is either eaten or removed, and no sell walls present up until $18500. Idk if people are being greedy, but there’s really no real reason not to as all indicators point north from here and still going strong.

[LUCKMCFLY]

If you look at it, the supply at these levels is low, the whales are testing these price levels, apparently this December we will be able to experience a bullish trend stage again if all goes well.

One of my criteria for the confirmation of the bullish trend is to review the millionaire wallets and see especially the section that says 100-1000 BTC:


Source:https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Seeing this information, although it does not mean that it is the most reliable of all, in 2017-2018 in the bullish trend season the percentage reached almost 80%, and if this behaves like this, which I am not very sure, well If bitcoin currently reaches $ 20k and exceeds it, it is not in the bullish trend yet, there would be much more to go up in price, which means that we could see Bitcoin almost touching the $ 30k- $ 50k levels, for course is what I have calculated, in my mere speculation of the market.

[dunfida]

Recent bitcoin price increase has been very parabolic with no major correction. That would mean that it is similar to the pump we had in 2017.  Anybody buying bitcoin now would be buying based off fomo and might be a repeat of the last bull run. I want to see some corrections here. At least 10% before consolidating for next move.

For people who had those kind of learning in the past are most probably selling off their bags at the moment and even myself did able to sell when it hit up 17500 which i can say a good spot
to do so and im also hoping for some corrections yet we cant really just have this kind of price rally or unstoppable ones because it will really be reflecting on how bad the correction
would be but i dont see that this current price will really be corrected that hard just like into those 2017 days where we do almost hit up on the floor.
We are almost hitting 18k and its indeed realistic on hitting up 20k for this year.

[qualitywork]

Yes, I feel we will cross $20,000 by the end of this month or the beginning of December, the best part about the current market situation is that Bitcoin has created a solid stand over $16,000 wherein we have not witnessed any major dump in last few weeks. This will be a perfect opportunity for those who missed out last bullrun.

[exstasie]

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

Rallying 55% in a month, 7 green weekly candles, is anything but stable! We haven't seen any higher time frame consolidation since price got marked up from the $10K-$12K range. Be prepared for some classic BTC volatility.

Bulls are relentless. I was hoping for a bit more "slow and steady." Much better for building robust support levels on the way up, less prone to epic volatility. Oh well! 2021 is going to be fun from the look of things.

Altcoins still look like shit against BTC but I have some preliminary EW counts that suggest they are bottoming out soon. If BTCUSD forms a significant local top and alts begin to rally (like March 2017), things are going to get really fun.

[Stalker22]

It became realistic now. We're from $9k - $10k and had a rush to $16k and becoming stable on this level.

Rallying 55% in a month, 7 green weekly candles, is anything but stable! We haven't seen any higher time frame consolidation since price got marked up from the $10K-$12K range. Be prepared for some classic BTC volatility.

Bitcoin could very easily be in 'bubble territory' according to some analysts due to Bitcoin's 30-day return exceeding a set threshold of address growth. This means that Bitcoin could drop as much as 20% of its current price before launching a new ATH attack. That's my target for a new long. 

[Fortify]

It is fascinating to see the rapid rise of Bitcoin, it seems to be detached from any other economic events taking place right now. You'd really expect the price of bitcoin to dip when the wider economy starts performing again, after all these vaccine announcements have started to push share prices back up. I guess all these billionaires and millionaires were happy enough keeping their cash in bank accounts, they've since decided that they want to throw some money at cryptocurrencies as it looks set to rocket up again. It's always a disappointment when you think of all the bitcoin you have sold in the past for much lower prices, but you have to keep looking to the  future instead.