Bitcoin penetrates into $17 000

[exstasie]

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. 

Be very careful catching the falling knife on leverage. Bitcoin tends to go much further in both directions than everyone expects. I've seen BTC drop as much as 42% in a bull market shakeout. 35% is very typical.

You don't want to buy the dip on leverage, only to get liquidated right before price goes parabolic again. There are few things in life more painful than that.

[arwin100]

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. 

Be very careful catching the falling knife on leverage. Bitcoin tends to go much further in both directions than everyone expects. I've seen BTC drop as much as 42% in a bull market shakeout. 35% is very typical.

You don't want to buy the dip on leverage, only to get liquidated right before price goes parabolic again. There are few things in life more painful than that.

Many think about continuous pump since they think the bull market will not fail them out and we still need to be careful on some possibilities since as you said maybe we can experience some shake outs and we need to be prepared for something like that. And also we should assure to have a good position since this time is a good opportunity and we need to find a good entry point.

[livingfree]

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.

Yeah that would be pretty much better if we are seeing the same movement as $10kish. The slowly but surely pattern for bitcoin but here it goes, it's creating the FOMO again but IMO, this way is natural than the 2017s.

Looking towards the 2021 and the best is not yet to come.

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.

Those news really made a positive impact for bitcoin. Yet, just as extasie has said, I'll be prepared for its volatility. I'm wishing for it to come but it's inevitable and hopefully it wouldn't be that much negative. Just as what we see when bitcoin gets down, it don't stay there for long.

[Fundamentals Of]

That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

[ethereumhunter]

That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

[Oasisman]

At this moment Bitcoin price has even crossed 17500$. That looks very optimistic and like Bitcoin is heading towards 20000$ however don't forget the volatility. I believe corrections could be expected soon and price might pool back although I don't expect some bigger dump. Still price might be fluctuating back and forth and by the end of the year price might be in the same range.

$18,100 at this moment. Price pull back wasn't really felt as If it didn't happened at the $15,000 price range. Bitcoin seems unstoppable and might hit another thousand dollars up to $19,000 in the next 48 hrs. And we're getting much closer to $20,000. Huge dump ain't happening till it breaks the ATH. Let's see what happens from there.

That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

Absolutely! That's what makes me somehow a little confident that Btc will be hitting new heights just before or on December.

[mahilchii]

Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.

[slapper]

Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.

Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.

Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game

There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.

[dragonvslinux]

Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.

Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.

Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game

There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.

It happened already, Bitcoin price has already touched 18000$. But everything was going very fast and this jump happened in really short period of time.
To be honest I don't like when Bitcoin price rises so sharp in such short period of time so I expect some corrections very soon. On the other hand if this trend continues we might see 20000$ again very soon. The question is only how long is it going to last.

I know the feeling! I've got no issues with price mooning when I'm 99% invested, but at the same time whenever price goes parabolic it usually leads to a deeper correction than if we merely made a higher high. I would have preferred price top out around $16-17, then correct to $12-14 (25-30%), whereas now if price continues to $20K, to me it still seems likely price would correct to $13-15K (30-35% pull-back). At the same time, you get what you're given, can't complain about the price. At least a deeper correction would likely take longer time-wise than a shallower one, therefore it will likely provide more time to accumulate during a dip than usual.

[matchi2011]

Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.

Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.

Bitcoin is back above $18,000 USD, very possible that It’ll surpass its all time high maybe this week. Yesterday, it was trading around over $17k, if bitcoin continue to surge like that anything is possible.

Some retrace might be happening right now as the value fallback to $17k+ a good chance for those who wanted to to buy and hold, as we still seeing good potential that it will bounce again and start to pump.

The momentum still positive, day traders might be selling by now and start collecting thier gains. While those investors who doesn't want
to missed the ride are buying and start holding, still a good sign to see much better rates.

[el kaka22]

And suddenly bitcoin penetrates into 18k as well. We are doing pretty mighty right now, alts are not doing that bad neither, I mean I have assumed with another huge bull run from bitcoin, alts would have gone down a bit just like it did from the initial increase and after that I assumed it would have made some sort of similar thing would have happened in the past 24 hours or so as well.

However looking at alts right now, there are some that went down between 1-2% levels and there are some that didn't went down at all, look at ETH for example it looks as green as always. It really makes me happy to know that the whole crypto world is going fine, there is nothing going wrong right now with the crypto world and we are all elevating each other without making a big deal out of this increase as well, like we expected this anyway.

[pucunghul]

$ 17,000 has been reached and even more than $ 18,000, so what now?
I see on Coinmarketcap the price has experienced a deep correction, did the bulls stop?

[STT]

Theres no hard resistance but normal profit taking along the way is normal also so I'd call it a normal pullback and that can still go to about 16k; main reason being the faster it rises the easier it is to pull back similarly.    That was fairly absent previously but can occur without the overall rise being disproven.   This is where it can get alarming as the swings up and down become larger waves, it leads to higher prices but also uncertain gains or losses and I find it quite hard to trade really where as previously I could look maybe once a week to add or close a position now its like a daily roll of the dice.

[Stalker22]

I see on Coinmarketcap the price has experienced a deep correction, did the bulls stop?

This was not a deep correction. LOL!
As STT said, just normal profit taking along the way. A deep correction is yet to happen and then we will see a drop of at least 15-20%. I hope.

[usekevin]

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

It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.

[carlfebz2]

It was a warm welcome move by the bitcoin.Long holding traders can sell your bitcoin with equal to 18,000$.We don't know ,whether it happen again.The expectation was  over a 20,000$ before the end of this year.But no one can predict the bitcoin 100 percentage.So holding is also on your own risk.

Already sold my stash that is intended for short term but i do still accumulate for long term ones but my guts telling me that 18k would be the peak for now and there would be some correction.

Well, i might be wrong but it isnt really bad to make some sell at the moment yet this is the sweetest spot and dont wait up if you do still have the opportunity to sell.

These chances doesnt come once in a while so better utilize it but its up to someones choice because we do have our own level of risk management.

[Slow death]

$20k by the end of 2020 seems more realistic by the day.

the current price is in the $17700 and for $20,000 is missing $2300, I would say it will be very easy to reach $20,000 this year and the good news is this:

Watch these two levels if Bitcoin price sees a major correction before $20K

if these guys are doing peximistic analysis, then that means we’ll see a big price increase, because whenever these guys do some prediction the opposite always happens

[Fundamentals Of]

That sell order of $6 million at $17,000 didn't even become a sell wall. It proved to be a very small amount quickly gobbled up by the buy orders. I cannot say with certainty but this is most likely the road to a new all time high within the year.

In fact, if we look at the circumstances of Bitcoin right now it is even much better than it was in 2017. So there is really a positive outlook that $20,000 is not the ultimate target in 2020. We will have to raise it somewhere at $25,000 to $30,000.

I guess that sell order was canceled before the price increase more. With the price now, I think there will be a big wall at one level price to hold bitcoin price not to soar too high. Maybe this time, bitcoin will have more power to lift the price until the price can be back at $18k and still increase to $19k. We will see the price start the rallies and break the big wall at $20k to go to the next high price.

That was a good decision as the price rose to more than $18,000 after that. If he were able to sell that at $18,000, he could wait for the price to fall down to around $17,000 and buys back. Right now, we are at a correction. Who knows until which support this will fall. I doubt this will fall below $17,000 though. This is probably just a quick one and another bounce will happen which will probably opens up the $19,000 level.

[bitterguy28]

At this moment Bitcoin price has even crossed 17500$. That looks very optimistic and like Bitcoin is heading towards 20000$ however don't forget the volatility. I believe corrections could be expected soon and price might pool back although I don't expect some bigger dump. Still price might be fluctuating back and forth and by the end of the year price might be in the same range.

Correction may happen any time soon now because Bitcoin Broke the $18,000 barricade last night so what we are expecting now is the correction before heading to $20,000.

There are many good news that popping now and one of those is that Mexican 2nd richest man investing His 10% wealth to crypto.

So expect good movement for the market as another positive is coming.

[pilosopotasyo]

Correction may happen any time soon now because Bitcoin Broke the $18,000 barricade last night so what we are expecting now is the correction before heading to $20,000.

There are many good news that popping now and one of those is that Mexican 2nd richest man investing His 10% wealth to crypto.

So expect good movement for the market as another positive is coming.

Imagine if 105 of the richest people in the world investing 105 of their assets here in Cryptocurrency, there's going to be a massive pump, that is only one rich guy in one country and it made an impact, I guess that is what we need more whales coming in more rich people joining the community, but of course major companies and websites accepting Bitcoin.