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Author Topic: What will be the next move of Bitcoin after $17000?  (Read 319 times)
Imran232 (OP)
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November 17, 2020, 01:58:17 PM
 #1

After a long deep time bitcoin is back on its booming price and it hits it’s previous all price records. Bitcoin is now $17000+. Last 2 months we notice that bitcoin is stable in $14k -$15k price and today It’s break all records and hit $17000+. Now what do you think what will be its next move when it will go. Can bitcoin reach $20000 before January 2021 or it will be deep again?

What is your opinion?  What your experience says?
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November 17, 2020, 11:08:51 PM
 #2

What will be the next move of Bitcoin after $17000?


Wait a minute. I was going to say $17,001. But it has already been over $17,800 less than a day ago.


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November 17, 2020, 11:22:59 PM
 #3

I think $18-19K is achievable between this month and the next one. $20,000 will be quite a stretch this year especially now that we are about to start getting into the festive season but you never know, crypto market is full of surprises.

But from my personal opinion, we might first have a major pull back if the price attempts to reach close to $20k after which the bullish movement will later build momentum to surpass that $20K mark and this should find us next year may be? Anyway that's just my thinking  Wink

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November 18, 2020, 10:32:14 AM
 #4

After a long deep time bitcoin is back on its booming price and it hits it’s previous all price records. Bitcoin is now $17000+. Last 2 months we notice that bitcoin is stable in $14k -$15k price and today It’s break all records and hit $17000+. Now what do you think what will be its next move when it will go. Can bitcoin reach $20000 before January 2021 or it will be deep again?

What is your opinion?  What your experience says?

Here's your answer >>>>>

https://coinmarketcap.com/currencies/bitcoin/

because just few hours right after your post Bitcoin steps $18,000 for the first time since December of 2017.

_________

_______________


Now the Question is can we break that 19 hundred dollars this November?if does then maybe we can bring new ATH just before December come.


How I've waited for this lol,hoping 50k is the ATH for this 2020 halving.
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November 18, 2020, 11:25:31 AM
 #5



Now the Question is can we break that 19 hundred dollars this November?if does then maybe we can bring new ATH just before December come.


How I've waited for this lol,hoping 50k is the ATH for this 2020 halving.

I'm glad I'm wrong that I'm thinking that another all time high this year is not possible and save our hopes for next year, I'm very surprised on ow the the market performs it took only 3 days for a big dramatic increase of the price, it's now possible, we can wake up and find out that we are in a new all time high, this is the best week ever after 8 months, now I'm a complete believer.

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November 18, 2020, 11:48:28 AM
 #6

We are at $18000 now, so the question would be, what's next for $1800?
I think if we get to $19000, that is an automatic ATH for me as bitcoin will not be stop at that level.

We are seeing an bullish sentiment already, but it's not a bull run yet since altcoins are quite steady and some even dump.
So let's wait what's next for $18,000..

will break to $19000 or the correction will start?

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November 18, 2020, 12:01:20 PM
 #7

It is still going strong.

I doubt that it will just fall that down easily. I think it will still hit $19K or maybe if we're lucky, $20K. I am still in the impression that the price will not be hitting a new ATH. It is not that I am thinking negatively about this situation but we never know what will happen and if it did, it is so much better, if it don't then I expcted that it did.
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November 18, 2020, 12:10:07 PM
 #8

It is still going strong.

I doubt that it will just fall that down easily. I think it will still hit $19K or maybe if we're lucky, $20K. I am still in the impression that the price will not be hitting a new ATH. It is not that I am thinking negatively about this situation but we never know what will happen and if it did, it is so much better, if it don't then I expcted that it did.

I have the gut feeling that we will reach new ATH come this december. We are still in the month of Nov and we are already seeing btc at $18k level. This will be a celebration for the whole crypto community. And with that,  I am seeing that there will be new users that will join this community. I hope they will be smarter this time and should know what they are getting into.
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November 18, 2020, 03:26:45 PM
 #9

After a long deep time bitcoin is back on its booming price and it hits it’s previous all price records. Bitcoin is now $17000+. Last 2 months we notice that bitcoin is stable in $14k -$15k price and today It’s break all records and hit $17000+. Now what do you think what will be its next move when it will go. Can bitcoin reach $20000 before January 2021 or it will be deep again?

What is your opinion?  What your experience says?
Well after hitting $17k a few days later it now reaches $18k, the transition was so fast, if this continues we might even see a new ATH before this month ends.
I know it is still early to celebrate but looking at the chart it is showing undeniably good momentum. After 3 years we've seen Bitcoin at the $18k mark once again. I think we all know where this is going are we not?



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November 18, 2020, 04:24:58 PM
 #10

Experience wise, it could possibly reach $20,000 before January. There is still enough time for us to see bitcoin reaches back to $20,000. But you do expect some pullbacks and when it comes, make sure that you don't miss it and buy at least a few from your pocket. Just look how resilient it is and when it does, rise is more powerful that pullbacks. I'm bullish no matter how huge or small the pullbacks we get to see.



 

 

 

 

 

 


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November 18, 2020, 04:54:41 PM
 #11

After a long deep time bitcoin is back on its booming price and it hits it’s previous all price records. Bitcoin is now $17000+. Last 2 months we notice that bitcoin is stable in $14k -$15k price and today It’s break all records and hit $17000+. Now what do you think what will be its next move when it will go. Can bitcoin reach $20000 before January 2021 or it will be deep again?

What is your opinion?  What your experience says?
Well after hitting $17k a few days later it now reaches $18k, the transition was so fast, if this continues we might even see a new ATH before this month ends.
I know it is still early to celebrate but looking at the chart it is showing undeniably good momentum. After 3 years we've seen Bitcoin at the $18k mark once again. I think we all know where this is going are we not?
I am also expecting to see a new ATH before the end of this month or year because we are now getting a little bit closer to bitcoin to reach its $20,000 price that the current price of bitcoin is now at $17,922.20, so I hope this excellent momentum will keep up until next year. But I am still a little bit bothered by bitcoin's sudden price increase because at anytime, whales could sell their bitcoins, and bitcoin will make a vast dip again.

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November 18, 2020, 05:03:06 PM
 #12

it is hard to say but with the way bitcoin price is rising and also the way altcoins have been dumping today and the money comes back to bitcoin i think there is a good chance that we are going to see some more rise before the correction happens. so $20k right now is surprisingly close then we may come down to $18k again.

There is a FOMO brewing...
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November 18, 2020, 08:46:00 PM
 #13

FOMO!














It didn't happen since 2017-2018, a pretty good signal.

Perhaps it was a bubble in 2017 but now things are different. Bitcoin is seen as a reserve value, more than before, (perhaps covid-19 is a great help héhé) and there are more and more companies injecting money into the market to protect their reserve
If we face a correction it will be severe lol


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November 18, 2020, 09:30:16 PM
 #14

Since 2018 for the first time bitcoin has crossed the $18000 tag. The price stood above $18000 for some time period reaching around $18300 as the max. Now it seems to stabilize around $17500. Possibly the price movement will fluctuate within specific range for some time before heading up for the new high for the year. We can believe the market to move slowly reaching $19000 - $20000 before the ongoing month end.

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November 18, 2020, 11:24:48 PM
 #15

Likely a healthy and expected correction back to $11k-$13k territory, and get back up to $15k-$18k more organically around Feb/March.
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November 18, 2020, 11:34:27 PM
 #16

$18k we have already passed but it will not take long for me to believe it will happen again just a few hundred different dollars now, but it is likely that ATH will soon be reached seeing this very aggressive move, I believe in December the $19k level could be tired and will see actual correction this mid-nov so there is still some time in the range that we will face.
At its peak entering 2021 we will see true bullishness although a lot of FOMO will still happen with the levels at that time.

R


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November 19, 2020, 01:18:40 AM
 #17

$18,500 will be the next likely target, I've seen the price goes above $18k though, so there is strength but not enough push and sustainability on that range. Yeah, FOMO is in, with so many reports of billionaires or super rich person suddenly dabbing on bitcoin.

But we can institutional money even more, more of a Grayscale or MicroStrategy type of investing, as a asset reserved because we can punch $20k and reach a new all time-high.

R


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November 19, 2020, 03:10:39 AM
 #18

The current market is little fluctuating so it will cross the $18k and again market is moving backward and forward. The current traffic of Bitcoin is unpredictable so we just wait see the next move on Bitcoin. This week many peoples are discussing the BTC signal so this year we expect the $20k. We face many bleeding range of Bitcoin so this growth is always enough for all the traders.
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November 19, 2020, 03:42:23 AM
 #19

Bitcoin Have just crossed $18,000 so the next target should be 19,000 and then 20,000 and the much awaited ATH again.

But of course Obstacles are there and it is not easy to predict when the market is still in Pain with the recent economic problem caused by pandemic.

But who knows right?we may reach 20k just by this November or wait upto next year,Things may happen let us just keep on investing.

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November 19, 2020, 04:05:35 AM
 #20

Bitcoin Have just crossed $18,000 so the next target should be 19,000 and then 20,000 and the much awaited ATH again.

But of course Obstacles are there and it is not easy to predict when the market is still in Pain with the recent economic problem caused by pandemic.

But who knows right?we may reach 20k just by this November or wait upto next year,Things may happen let us just keep on investing.

Things look so sudden there was a big jump to 10% 3 days ago and it could happen again several times hopefully this week or next week, things are going great right now, I though next year is what we expect the all time high, but now we can hope it happen this year, and let us all hope that it's different from the last one, where after we hit ATH the market made a sudden crash.
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November 19, 2020, 05:54:21 AM
 #21

I think that $20K area will either go thru like butter with no resistance at all or we will come close to $20K but never actually reach it. I think the market is either expecting $20K to be the double top or breaking $20K and heading straight to some crazy number like $50K or $100K by end of the year.

So who knows, maybe $18.5K was the top, however I still think we might try one more time to go higher into the $19K area. I think many who don't think $20K will break will be taking profits there or entering some shorts, because better to enter a short at $19K, and if $20K breaks, then just take the 5% loss and hold BTC well into the mid $20's area. And if there ever happens then the $20K will sure be great support area and it should hold. If it doesnt break $20K, then $13.8K is the next support area.
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November 19, 2020, 06:37:27 AM
 #22

Bitcoin Have just crossed $18,000 so the next target should be 19,000 and then 20,000 and the much awaited ATH again.

But of course Obstacles are there and it is not easy to predict when the market is still in Pain with the recent economic problem caused by pandemic.

But who knows right?we may reach 20k just by this November or wait upto next year,Things may happen let us just keep on investing.

Things look so sudden there was a big jump to 10% 3 days ago and it could happen again several times hopefully this week or next week, things are going great right now, I though next year is what we expect the all time high, but now we can hope it happen this year, and let us all hope that it's different from the last one, where after we hit ATH the market made a sudden crash.

That's how bitcoin moves when the market is bullish, but be also careful as it's not going to be uptrend all the time, a dump is possible so we just need to be realistic and believe that anytime it could happen. For now, bitcoin still settles at $7k+ after it hit $18k, and we will see what's the next move.

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November 19, 2020, 07:05:45 AM
 #23

It is still going strong.

I doubt that it will just fall that down easily. I think it will still hit $19K or maybe if we're lucky, $20K. I am still in the impression that the price will not be hitting a new ATH. It is not that I am thinking negatively about this situation but we never know what will happen and if it did, it is so much better, if it don't then I expcted that it did.

I have the gut feeling that we will reach new ATH come this december. We are still in the month of Nov and we are already seeing btc at $18k level. This will be a celebration for the whole crypto community. And with that,  I am seeing that there will be new users that will join this community. I hope they will be smarter this time and should know what they are getting into.

I hope it will.

As I said, I am not expecting that much but if it happens, it will happen. I think the fact that the price is continuously increasing and still staying strong means that there are a lot of users that invested earlier making this great demand. I doubt that new investors will be investing at this time since the price is still bullish.
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November 19, 2020, 09:58:58 AM
 #24

Even this month we are possible to see the value of $20,000 or if it will not happen we can wait next few months before we see this value. But the sad is if people are starts panic selling and stop buying a bitcoin we cannot see again the 20k dollars per bitcoin.

The real answer of when we see again the highest value of the bitcoin is depends on us because we buy ,sell and hold the bitcoin so we are the reasons why bitcoin is dumping and rising if we want to see up the price of course hold and buy is the good to do.
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November 19, 2020, 12:14:15 PM
 #25

I think that $20K area will either go thru like butter with no resistance at all or we will come close to $20K but never actually reach it. I think the market is either expecting $20K to be the double top or breaking $20K and heading straight to some crazy number like $50K or $100K by end of the year.

So who knows, maybe $18.5K was the top, however I still think we might try one more time to go higher into the $19K area. I think many who don't think $20K will break will be taking profits there or entering some shorts, because better to enter a short at $19K, and if $20K breaks, then just take the 5% loss and hold BTC well into the mid $20's area. And if there ever happens then the $20K will sure be great support area and it should hold. If it doesnt break $20K, then $13.8K is the next support area.
I think 20k is like a landmark so might need some time to break that and once we break 20k it will free flow again until 25k or something like it has flew from 12k to 17k so far. I am not expecting too much in terms of price because in 2021 we will eventually have some humongous levels reached, I am sure so there is no need to get super excited for this year which is coming to an end already.

When price is rising everyone profits because if even you sell your coins you made profit and if you buy in current situation you will earn because the price is going to increase only it feels, what a positive market for everyone right now. Just amazing.
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November 19, 2020, 01:40:17 PM
 #26

I have the gut feeling that we will reach new ATH come this december. We are still in the month of Nov and we are already seeing btc at $18k level. This will be a celebration for the whole crypto community. And with that,  I am seeing that there will be new users that will join this community. I hope they will be smarter this time and should know what they are getting into.

I hope it will.

As I said, I am not expecting that much but if it happens, it will happen. I think the fact that the price is continuously increasing and still staying strong means that there are a lot of users that invested earlier making this great demand. I doubt that new investors will be investing at this time since the price is still bullish.
Along with investors we actually have to appreciate the PayPal move which actually might have a huge impact on the continuously rising price of Bitcoins. PayPal being the biggest payment processor and a giant since announced they will allow BTC buy and sell means there are large number of new investors potentially into Bitcoins and this might be the impact of them. I really hope new platforms keeps adopting Bitcoins as we move into the next year and hopefully the pandemic is over by then so more investment comes into Bitcoin market as a lot of investors had cashed their assets during pandemic.

Lets hope for the best because it takes a small dip for people to get mad again and with these upward movement it is always followed by a small dip.

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November 19, 2020, 01:59:05 PM
 #27

Bigger growth is expected with bitcoin to happen over the falling weeks. This could make the price reach $20k at the shortest, as more volume of funds are coming into bitcoin. During the previous bull market the price grow high when it got closer to bitcoin.

This time the growth from the price around $13000 is happening in a stabilized and slow manner. This means the price used to move within few price points and then cross big barriers. The same is happening at present, so the market is growing with better stability.

When there is growth in large scale, in $1000s surely there'll be some form of panic wave making the market to crash. So, the growth happening in a stabilized manner is good for the market.

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November 19, 2020, 03:29:24 PM
 #28

I do not like it when it is this sudden, I liked it when it took a month for us to reach from $10k levels to $16k levels, that was realistic and understandable, the price wasn't skyrocketing and it wasn't a hype that took us there, it was logical purchasing with some periods in between from the whales and other buyers.

However from $16k to $18k levels we have peaked very quickly and that scares me, because when bitcoin price increases this quickly it is not always good for us. The reason being is the fact that when something increases this fast, it is also possible that it may also decrease this fast as well. I do not really believe that we are at a strong support level right now and if it were to drop it could drop very easily with this new increase, going under $16k looks very possible and easy right now.

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November 19, 2020, 04:32:28 PM
 #29

after $ 17,000 is passed, the all-time high can be reached, and now $ 17,000 has been passed,
this is a sign that the Bitcoin price has broken through the heavy resistance,
if the second resistance of $ 19,000 is also passed it is certain that there will be a mega pump on another day,
of course there will be a correction first.
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November 21, 2020, 10:51:45 PM
 #30

after $ 17,000 is passed, the all-time high can be reached, and now $ 17,000 has been passed,
this is a sign that the Bitcoin price has broken through the heavy resistance,
if the second resistance of $ 19,000 is also passed it is certain that there will be a mega pump on another day,
of course there will be a correction first.

As for the next target of $18,500, it has been breach and now becoming the support and not the resistance. So $20k this December is possible because of the bullish sentiments of traders and many people doesn't want to miss the train again so they still invested at the current price even though it is too high for some traders. I wouldn't be surprised if we touch $20k at the end of the year, it's gonna be huge if we get to there and I will be optimistic that it is just the beginning.

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November 21, 2020, 11:26:59 PM
 #31

after $ 17,000 is passed, the all-time high can be reached, and now $ 17,000 has been passed,
this is a sign that the Bitcoin price has broken through the heavy resistance,
if the second resistance of $ 19,000 is also passed it is certain that there will be a mega pump on another day,
of course there will be a correction first.

As for the next target of $18,500, it has been breach and now becoming the support and not the resistance. So $20k this December is possible because of the bullish sentiments of traders and many people doesn't want to miss the train again so they still invested at the current price even though it is too high for some traders. I wouldn't be surprised if we touch $20k at the end of the year, it's gonna be huge if we get to there and I will be optimistic that it is just the beginning.
Hype and Fomo would be there but i dont really much prefer if the entire market or people would see this like way yet we know that after the price being fomo'ed then
the next move or thing to happen is correction which we can say that it is a normal but hope that it wont really be that bad just like what happened in previous years.

We are now on 18500+ and its a good thing that we are holding up at the moment.We do wait for another rally for the price to reach up its previous ATH.

We arent really that too far off but i doubt that once we do reach that level then sell-off would be there.

R


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November 22, 2020, 12:23:01 AM
 #32

Since we are all predicting, I will predict too.

The price of Bitcoin is at $18,000-$19,000 already and it is near to the $19,000 price. This might be the resistance before making a correction or possible not. We might see a bit of a consolidation at $19,000 as traders might take some profits on that price. After all, we will see Bitcoin reached a new ATH soon so why predicting Cheesy. Lets just wait for it to happen Grin

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November 22, 2020, 03:18:18 AM
 #33

I said previously that we need to wait and see how the $18,500 will do. And since then, it was holding for this week. It's weekends so we need to understand that traders also take this weeks off, so I'm not expecting any movement as well. But we are good sticking to $18,500 for the meantime.

And then tomorrow, or depending on your timezone, we might attempt another run to $19k-$19,500 and this is going to be huge and will make a big noise in the internet if we hit it. And then FOMO again pushing the price to a new all time high this 2020. That's how I see will transpire before the end of the year.

R


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November 22, 2020, 06:23:44 AM
 #34

After a long deep time bitcoin is back on its booming price and it hits it’s previous all price records. Bitcoin is now $17000+. Last 2 months we notice that bitcoin is stable in $14k -$15k price and today It’s break all records and hit $17000+. Now what do you think what will be its next move when it will go. Can bitcoin reach $20000 before January 2021 or it will be deep again?

What is your opinion?  What your experience says?

It could happen, but we have more than one month to see if that can happen or the price will still be lower than $20k. But for the long term, the price will break on that price, and the bitcoin price will be more than $20k. But I believe that many speculations say that bitcoin price will increase so high, and that will be more than $30k, and even some people say that bitcoin will be increased to $100k. That is a fantastic price that we can dream of, but we don't know when the price will touch that highest price once again.

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November 22, 2020, 10:48:57 AM
 #35

Well, the next move will be to 19k and we are going towards 20k very respectfully as well. I believe the hype is not over yet and even though we look like we are stagnating few days and moving the other and stagnating for few days and moving another in a circle while going up, I feel like this will not stop. Every time the price stops and waits few days and moves higher, people all say the increase is over during the stagnate period and all say it is going to be 100k+ when it is going higher.

There needs to be a middle ground where going up 1k+ during the increases should be expected as the thing that will happen. What I believe will happen would be around 19.5k or so levels next time we increase, not breaking the ATH just yet but going very close to it and the increase after that will break it, all happening next week I hope.
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November 22, 2020, 09:47:06 PM
 #36

Since we are all predicting, I will predict too.

The price of Bitcoin is at $18,000-$19,000 already and it is near to the $19,000 price. This might be the resistance before making a correction or possible not. We might see a bit of a consolidation at $19,000 as traders might take some profits on that price. After all, we will see Bitcoin reached a new ATH soon so why predicting Cheesy. Lets just wait for it to happen Grin

Waiting for the price to see crossing for the 20k as it would be the first time in history where if that happens soon so officially that will be the ATH price after almost 3 years. Will that happen before new year or will it be in 2021 or in future years is still doubtful because it should not happen it fall badly after reaching those prices like 2017.

Most likely it will be hit before the end of the year. FOMO can't be stop at this point, the price went from down $18500-$18000, but then bounce back again to $18500 is just matter of hours. I will admit that I was a bit in a nervous when I see the price going to $18000 without any significant news, but then again, we are in the bull run and the greed index is in the range of 90% so I'm expecting a rebound and it did.

Wait till the Asian market opens again in the next hour or two, the price will pick up again, and most likely goes to $18800 or even $19000. If that happens, then we will cross $20k this 2020 because of FOMO and positive sentiments on the market (more companies joining the bandwagon).

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November 22, 2020, 10:24:11 PM
 #37

The next thing will be great with Bitcoin and it will continue to go up as expected by many and its finally good to be back on this level with a higher chance of creating a new all time high this year which makes me more excited about bitcoin. Hopefully, we can end this year at the price of $20k above, this can be a great gift to all of us this year but of course there’s still a possibility that it will go down again, let’s just stay cautious.
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November 22, 2020, 10:52:58 PM
 #38

17k was never an important level. You could see on the charts that it was nothing but a point where a dead cat bounce ended in 2018. Levels like that don't create strong resistances and we've stormed it without any problems. I think that we'll have to retest 20k soon, probably before the end of the year. If it plays out like it did in the last bull market, we'll break 20k and retrace below it for a while.

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November 22, 2020, 11:07:57 PM
 #39

Maybe I was wrong thinking that we can't touch at $20k this year but seeing on the current price and market trend, it was close enough to possibility. I can't simply imagine how it grows like that after being stuck in the $16k range.
We are surpassing $18,500, $1,500 more to catch, and finally at its ATH again. People are surely excited to see it back but then, we should also prepare for the possible dumps if whales tried to play the market again just like they did before. Thus, those who come investing by now must have to think of the higher risk and must be in strong faith otherwise, they'll also be the cause of dumps as panic selling will start.



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November 23, 2020, 05:36:27 AM
 #40

Maybe I was wrong thinking that we can't touch at $20k this year but seeing on the current price and market trend, it was close enough to possibility. I can't simply imagine how it grows like that after being stuck in the $16k range.
We are surpassing $18,500, $1,500 more to catch, and finally at its ATH again. People are surely excited to see it back but then, we should also prepare for the possible dumps if whales tried to play the market again just like they did before. Thus, those who come investing by now must have to think of the higher risk and must be in strong faith otherwise, they'll also be the cause of dumps as panic selling will start.

No, you are not wrong. We will see the bitcoin price touch $20k, no matter if that will happen in this year or next year, because the chance for the bitcoin price to increase is wide open. But we need to be patient for a while until the price can start another rally, and if that happens, the price will break $19k, and finally, the price will break $20k.

The price we dreamed of from a long time ago is almost coming to us, but it will not happen quickly. We are already surpassing $18,400 before, and I believe that the price will break by $18,500, and it will make a new ATH when the price can surpassing $20k.

Yes, we need to be careful of the dumps that can happen anytime, but that will be our opportunity to buy more bitcoin at a low price.

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November 23, 2020, 09:06:26 AM
 #41

I would assume we are going towards $20k easily, but we need to keep ourselves in check. Just because we are looking like we are going to break over $20k doesn't mean that it is guaranteed and many people are acting as if it is guaranteed that we will go over $20k. That is something not really that guaranteed and I would assume in order for that to happen we need to keep buying bitcoin constantly to make it a reality.

Thankfully people thinking $20k is a sure fire thing makes them buy bitcoin more, at around $18.5k levels if you invest, you could still make close to 10% profit in a week if we can break over $20k price. Obviously it is NOT guaranteed but many people thinking like that actually guarantees it a bit more which is the big dilemma of the bitcoin pricing to begin with.

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November 23, 2020, 10:04:41 AM
 #42

I would assume we are going towards $20k easily, but we need to keep ourselves in check. Just because we are looking like we are going to break over $20k doesn't mean that it is guaranteed and many people are acting as if it is guaranteed that we will go over $20k. That is something not really that guaranteed and I would assume in order for that to happen we need to keep buying bitcoin constantly to make it a reality.

Thankfully people thinking $20k is a sure fire thing makes them buy bitcoin more, at around $18.5k levels if you invest, you could still make close to 10% profit in a week if we can break over $20k price. Obviously it is NOT guaranteed but many people thinking like that actually guarantees it a bit more which is the big dilemma of the bitcoin pricing to begin with.

I wonder what are the volumes of investments from those people who believe that the movement to 20K is already inevitable and will happen soon? If they are significant, but the price will go back, then most likely these speculators will try to close positions in order to minimize losses and thus push the price even lower.

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November 23, 2020, 10:13:12 AM
 #43

Altcoin season hit the peak in August/september, 2-3 months ago. I like to think the sideway movement for bitcoin could be 1-3 month although we might break the ATH during this period but wont sustain the uptrend for bitcoin till we have another correction, the high-low. What we do with those time in the market is very important, some know what to do and as a bag holders in some coin we should learn a 3 month patience to place an order for 3x-5x for altcoins.

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November 23, 2020, 10:41:17 AM
 #44

I would assume we are going towards $20k easily, but we need to keep ourselves in check. Just because we are looking like we are going to break over $20k doesn't mean that it is guaranteed and many people are acting as if it is guaranteed that we will go over $20k. That is something not really that guaranteed and I would assume in order for that to happen we need to keep buying bitcoin constantly to make it a reality.

Thankfully people thinking $20k is a sure fire thing makes them buy bitcoin more, at around $18.5k levels if you invest, you could still make close to 10% profit in a week if we can break over $20k price. Obviously it is NOT guaranteed but many people thinking like that actually guarantees it a bit more which is the big dilemma of the bitcoin pricing to begin with.

It has been said from news articles that PayPal is continuously buying bitcoin [ https://www.coindesk.com/bitcoin-shortage-pantera-thinks-market-rally-driven-by-paypal-buys ] , so maybe even if we don't buy btc, the price will slowly increase. But better to have your own stash, right? 20k is really on the horizon. Will not be long before we will hit this price level. Another good news among crypto users and holders.
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November 23, 2020, 10:52:44 AM
 #45

I would assume we are going towards $20k easily, but we need to keep ourselves in check. Just because we are looking like we are going to break over $20k doesn't mean that it is guaranteed and many people are acting as if it is guaranteed that we will go over $20k. That is something not really that guaranteed and I would assume in order for that to happen we need to keep buying bitcoin constantly to make it a reality.

Thankfully people thinking $20k is a sure fire thing makes them buy bitcoin more, at around $18.5k levels if you invest, you could still make close to 10% profit in a week if we can break over $20k price. Obviously it is NOT guaranteed but many people thinking like that actually guarantees it a bit more which is the big dilemma of the bitcoin pricing to begin with.

It has been said from news articles that PayPal is continuously buying bitcoin [ https://www.coindesk.com/bitcoin-shortage-pantera-thinks-market-rally-driven-by-paypal-buys ] , so maybe even if we don't buy btc, the price will slowly increase. But better to have your own stash, right? 20k is really on the horizon. Will not be long before we will hit this price level. Another good news among crypto users and holders.

It's good to see that PayPal is really doing some action right now and this article scattered creates a good points to the people since many are been hype from this for sure the $20k zone will reachable and we are currently close to that figure right now. Provably next month we can see the great change since for sure once bitcoin will successfully reach at $20k provably many big companies will look at it and think about  PayPal is right for their decision to adopt bitcoin.

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November 23, 2020, 10:54:04 AM
 #46

after $ 17000 then $ 18000 and now fomo to $ 19000,
if can stay above $ 18000 then a new all time high will happen, this is something that is commonly discussed,
both on telegram, social media and even forums, let's see how Bitcoin performs next, I hope $ 20000.

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