Bitcoin shoots past $19,000 as new ATH awaits

[Power Man]

It would seem that there’s no stopping Bitcoin right now. A few days after the world’s largest cryptocurrency breached the much-anticipated $18,000-mark, BTC has crossed yet another milestone – $19,000. The latest development on Bitcoin’s price charts came on the back of a 6% surge in a matter of 3 hours with its current trading price at $19,060.

At the time of writing, Bitcoin was very close to its ATH of $19,665, a price level it last noted on 16 December 2017. Further, according to Messari, BTC was recording YTD returns of +158.70 percent, at press time.

Some in the community are expecting the cryptocurrency to be due for a correction soon, however, with TokenMetrics’ Ian Belina telling AMBCrypto,

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[Periodik]

No more correction until the price is reaching $20,000. That is the hardest resistance probably. For sure a lot are selling at that price believing that a 2017-like scenario is going to take place this time. But I think they will be very wrong on that one if they do that. This is not 2017. This is 2020 and the Bitcoin investors in 2020 are not a lot of individuals who are doing the thing as if it is a geek thing. Now, buying Bitcoin is one cool thing done not by technologically-advanced and savvy people but by very wealthy investors.

[taufik123]

this was the moment everyone was waiting for. the market is bullish and a new ATH will be reached soon.
I only have a few bitcoins, not many and will hold them until the price peaks. If bitcoin is at a stable price, this will also be an opportunity for Altcoins to do a price recovery. This is a boom that should not be missed.

[pixie85]

The faster it goes up the sharper will the correction be.

Big fast gains are good for FOMO and euphoria but not for bitcoin.

Also, we don't know it it will go above the last ATH. I knew it would go to 20, I was saying it since it went above 12000 but 20 and above remains a mystery.

It looks like the trend is very strong and could go to 25 or around that even before the end of the year but there is going to be a correction for sure no matter if we only touch 20 or break it.

[concept2]

With this momentum and the high volume in every exchange, we are able to even surpass our all time high. The number of buyers are a lot more than the number of sellers on coinbase exchange.

[Rodeo02]

It would reach up to $20,000 by the end of this year. however, if something goes wrong the price would dramatically subside like what we have seen last December 2017. you should not jump off and sell your house to invest in this green market because the price is still volatile and no one really knows when the price will fall again like last time.

I disagree with your opinion crypto market right now is much more strong compare to what we have way back 2017.  If Bitcoin for example reach all time high this is only mean Bitcoin deserve to be there it's been a long time for us to see it in that price . In addition there are many big company already considering buying Bitcoin so there is no question why we deserve to be there heres two big company continue buying newly mined Bitcoin https://www.businessinsider.com/paypal-cash-app-buying-newly-mined-bitcoin-2020-11 .

Another list of company's that already own  bitcoins https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/#:~:text=Argo%20Blockchain%2C%20Bitcoin%20reserve%20asset,%2C%20Mike%20Novogratz%2C%20Square%20Inc.&text=Spot-markets%20for%20Bitcoin%2C%20Bitcoin,%2C%20Ripple%2C%20Litecoin%20and%20more.

[ampu]

Given the current market-wide sentiment Bitcoin's ATH may be set either today or tomorrow. At the end of the week, before a Bitcoin correction happened, technical analysis factors showed Bitcoin fell but this week Bitcoin has risen as close to the old ATH. Over the next month, I think Bitcoin will drop to $ 13k-14k so that I can continue to grow next year. Right now, people who are trading Bitcoin derivatives and altcoins like Margin and futures should be worried.

[spazzdla]

Looking for a 20-30% pull back soon..

I am looking at a potential blow off top to 22k. 

Accumulation will take place at 14-16k is my prediction. 

[BTC_Mouse]

Soon ATH raised Bitcoin everyone waiting see new ATH

[maartenhaha]

Given the current market-wide sentiment Bitcoin's ATH may be set either today or tomorrow. At the end of the week, before a Bitcoin correction happened, technical analysis factors showed Bitcoin fell but this week Bitcoin has risen as close to the old ATH. Over the next month, I think Bitcoin will drop to $ 13k-14k so that I can continue to grow next year. Right now, people who are trading Bitcoin derivatives and altcoins like Margin and futures should be worried.

All-Time High will be patented soon this year maybe it will be reached this week, everyone is predicting a correction in bitcoin will occur and I am worried if the price will fall like last 2018. I also suggest margin and futures for analyzing the market as unexpected movements can occur.

[BADecker]

It seems that Bitcoin is making its upward moves overnight in the USA. Does this mean that China is moving it?

[Baofeng]

It seems that it has been rejected, at $19,500 maybe there are investors who took some profits, or those who irrational buyers at the height of 2017 sold some as well. I'm not really sure of China has something to do with the move, I doubt it @BADecker.

So it's start of crypto trading in the Asian time-zone, I wouldn't be surprised if we get pass $19k and move to the resistance of $19500 again or drop as others have speculated.

[taufik0911]

I think bitcoin will break over 20k USD
from what I have observed there is no excessive Fomo like in 2020, this is my benchmark for bitcoin to be quite stable, the price is not like in 2017, the price dropped drastically and shocked many people who participated in Bitcoin Bitcoin which suddenly had a high price quickly

[seoincorporation]

...
Some in the community are expecting the cryptocurrency to be due for a correction soon...

Even coinmarketcap has a raffle where we can predict the day when bitcoin will hit the $20k, and they offer $10k to the one with the best guess... Is like if they were sure it will happen so let's be patient because that number should be around the corner, for those who want more information I will leave the link.

https://coinmarketcap.com/bitcoin-price-prediction/

[kentrolla]

this was the moment everyone was waiting for. the market is bullish and a new ATH will be reached soon.
I only have a few bitcoins, not many and will hold them until the price peaks. If bitcoin is at a stable price, this will also be an opportunity for Altcoins to do a price recovery. This is a boom that should not be missed.

Ofcourse yes, people want to grab this opportunity and make use to it after 2017 rally hopefully we are going to see another big price the next resistance level of BTC is 20k if it breaks this I am pretty confident the price will go more than 23k. Those who bought BTC for 20k deserves this chance because they were waiting patiently for such a long time and hopefully this time they will deserve it.

[Kemarit]

Of course, it's just a matter of time to break $20,000 and established new all time high.

Well it could have some correction on the way, but I don't see it going below 5 digits again, worst case scenario is 30% pullback and then 40% upward trend again. We are already in bull run so it's really hard to stop the hype train right now.

And we still have the 2021, wherein others are comparing it to 2017. So there's more leg room to see the price going up or even double the last all time high so brace yourself next year.

[Lorence.xD]

It is not yet mid-December so we can assure that it will shoot up to more than 20k, if the valley from 2017 happens again then chances are the prices will surge higher than the last peak, I believe that we will reach a new all time high.

[meanwords]

It would reach up to $20,000 by the end of this year. however, if something goes wrong the price would dramatically subside like what we have seen last December 2017. you should not jump off and sell your house to invest in this green market because the price is still volatile and no one really knows when the price will fall again like last time.

It depends. There's just so much difference in 2017 and 2020 since 2020 was the year where businesses are starting to recognize and implementing Bitcoin. 2017 was the year of the hype (remember ICO and Bitconnect?) and doesn't really have that strong support which is why Bitcoin dump so hard. 2020 is the year where people see the value of cryptocurrency. Paypal and other many institution is starting to make a move.

[taufik123]

Ofcourse yes, people want to grab this opportunity and make use to it after 2017 rally hopefully we are going to see another big price the next resistance level of BTC is 20k if it breaks this I am pretty confident the price will go more than 23k. Those who bought BTC for 20k deserves this chance because they were waiting patiently for such a long time and hopefully this time they will deserve it.

$ 23k is a good price to get more profit if it still holds it until now, however some people who bought at ATH price in 2017 didn't hold it until now, because they panicked and then sold it for a cheaper price. The people who are able to hold on to the new ATH that is about to be achieved are the ones who are completely consistent and believe that the new ATH will soon be achieved.
Patience will be an advantage.

[Sithara007]

It depends. There's just so much difference in 2017 and 2020 since 2020 was the year where businesses are starting to recognize and implementing Bitcoin. 2017 was the year of the hype (remember ICO and Bitconnect?) and doesn't really have that strong support which is why Bitcoin dump so hard. 2020 is the year where people see the value of cryptocurrency. Paypal and other many institution is starting to make a move.

IMO, the bull run has just started. And the rally will happen in 2021 and not next month. PayPal is slowly removing the excess supply from the cryptocurrency market. And the impact will start to appear within the next 3-4 months. Now the spike is purely due to the news of adoption by PayPal. But once the supply crunch sets in, the proper rally will begin. And that is going to be huge.