We can see another new Bitcoin ATH in this month? what do you think?

[sujonali1819]

Edit: Title has change today to in this month.

*From 19500 bitcoin made a huge dump around 11%. what do you think now it can go back quickly and will move forward? or we are going to see another bearish market for a long period?


Hi guys, hope you are doing well recently due to the warm movement of bitcoin. Recently Bitcoin is trading around $19,500. what do you think today we can see another ATH of bitcoin? or bitcoin will make a correction again before reaching the new ATH? we are now only $200 away............

[jackg]

I see a considerable chance of a correction to occur, but we're moving in a channel that could see bitcoin top out at 19750 before this happens. I don't see a correction any further than 17000 but I could be completely wrong on that one (my basis is we're on a third leg and up and we don't normally make it to a forth without a correction some time in the third - but this is a completely didfernt atmosphere now)...

[kentrolla]

Seems like it will take some time as the market is slightly down but comparing to ATH in 2017 the price may go more than 20k this time because the volatility is extreme this year there are more possibilities to break 20k.

There are only slight price pump in the chart and it went down after some, fluctuations are not big as it happened couple of days ago so let's wait for few more days.

[Harlot]

Or we can just have a double top and repeat another bear cycle at that point? Really Bitcoin right now is moving way too fast without enough volume to support it continuing a bull run. My prediction is if ever go to another ATH I would expect its price not go way above from the previous ATH and then we see Bitcoin tanking down. For people who still wants Bitcoin to go up with this kind of volume you are just wishing for Bitcoin's situation to get worst remember that when this happened during 2017 we have a very long bearish cycle just to get to this level again.

[sujonali1819]

Or we can just have a double top and repeat another bear cycle at that point? Really Bitcoin right now is moving way too fast without enough volume to support it continuing a bull run. My prediction is if ever go to another ATH I would expect its price not go way above from the previous ATH and then we see Bitcoin tanking down. For people who still wants Bitcoin to go up with this kind of volume you are just wishing for Bitcoin's situation to get worst remember that when this happened during 2017 we have a very long bearish cycle just to get to this level again.

I am also thinking about it. It's pretty sure that bitcoin will go more and more. But maybe in this situation, we have been forgetting about the past scenarios. Maybe we are again started to believe the bitcoin trend blindly. Isn't it?

btw thanks to all who have shared your opinion. and still, appreciate other opinions to share here. 

[mk4]

Taking a look at the huge ass sell wall at the $19,500 to $20,000 range on Binance(BTC/USDT), I really really doubt it. That's going to be a tough wall to break through. I wouldn't be surprised if it would take us weeks, though what do I know? Bitcoin has always been capable of doing crazy things concerning price.

https://www.binance.com/en/trade/BTC_USDT

[n0ne]

For every price barrier to be crossed, it takes time. Right now the price seems to fluctuate within $19000 - $20000. The price will settle at some price point, and from there a growth gets initiated. By the time we can expect the growth of bitcoin to mark its new ath. Rather than the expectation $19000 is reached, same as this too price movements can happen. Lets hope for the fastest reach of new ath.

[tomahawk9]

we are now only $200 away

We were so close...But that small 400$ (19500 to 19100) earlier today was enough to put a massive 939 btc buy wall (it was 900 while i was typing this post) on Bitstamp (and it keeps getting taller) to the 20k target


https://bitcoinity.org/markets/bitstamp/USD

Very unlikely that we'll see 20k today, looks the price lost the momentum, same as last night, and it's heading back to sub 19k. I'd rather see some consolidation in this price range (or even a correction) before trying to break the ATH barrier, i don't like these rapid upward movements, been burned many times before when i was involved in Trading

[sunsilk]

A correction is necessary before we hit another ATH. That's always exactly what happens before it reaches a new high.

And that is the reason why the price has corrected just lately. $18975 as what I can see the price. After this, we can expect that it will try to break the price that it has reached lately.

[milewilda]

Hi guys, hope you are doing well recently due to the warm movement of bitcoin. Recently Bitcoin is trading around $19,500. what do you think today we can see another ATH of bitcoin? or bitcoin will make a correction again before reaching the new ATH? we are now only $200 away............

As anticipated, it isnt really an easy way yet there would be corrections before we do able reach that price.Yeah, we're almost there but the price had corrected back to 19000 as of this writing
which basically means that there are people who have been longing for that price to be reached and even on previous ATH where majority is been longing on.
I do have the feelings that breaking it out would might take for sometime but i do have views that next year or next month we would able to break it out.
Nothing is assured though because anything could happen in a short span of time neither it would reach this month or on next.

[LUCKMCFLY]

Come on yes! Go for it! Now we are seeing a great closeness to $ 20k it is all an emotion, apparently also the fact that Paypal has bought 70% of the newly mined bitcoins has given investors and speculators a lot of confidence ... If we continue like this it is very likely let the price keep rising to new highs! And we still have to enter December, we are nowhere near the best!

[Baofeng]

Nah, too much selling pressure now, as the price goes below $19k again, so not today, I don't know many many times have we seen the rejection from $19,500 (twice???). But I'm seeing another attempt today as the Asian market will be opening. So let's try to observed the price in the next 6-10 years, maybe we can see another $19,500 or even more.

[Oasisman]

Huge sell walls was preventing Btc to reach that figure, which was already been expected.
I think we'll have to experience multiple times above $19,000 before actually breaking new ATH (that If there's no correction). Talking about corrections I think there's no going further below $16,000 or $17,000 as of this current situation. Everything in crypto space are still very bullish.

Anyway, there still a few days ahead before December and Btc are so close at $20,000. So, I'm comfortable enough that Btc might be breaking new ATH just before 2021.

[rhomelmabini]

So let's try to observed the price in the next 6-10 years, maybe we can see another $19,500 or even more.

That might be a long one Baofeng 😂 maybe you get into an error maybe you're saying 6-10 days and not years. Well, that's a pretty sum to observe the market but the crazy thing right now is whenever there's a short pullback thinking it will be a huge one the price keep going up and I think the bulls are the one in control of the market.

[hatshepsut93]

My guess is that we'll either break the ATH very soon, or very not soon - simply because failing to break through this major resistance would be viewed as weakness by many investors, and they will start thinking about shorting, especially since Bitcoin nearly doubled in price in one month. Being a pessimist, I think it will be the second - we'll have a crash soon, then maybe some stagnation and then we'll retest breaking the ATH again, hopefully with success.

[plr]

Hi guys, hope you are doing well recently due to the warm movement of bitcoin. Recently Bitcoin is trading around $19,500. what do you think today we can see another ATH of bitcoin? or bitcoin will make a correction again before reaching the new ATH? we are now only $200 away............

There will be correction along the way, it's expected once there is a small pump, expect a correction to follow and this is good for the market it allows those who wants to buy so they can have a good opportunity for another coming pump. so far all eyes on the market now, everybody is waiting for the next all time high that people have come to believe will happen this year.

[sujonali1819]

What a dump!

[rhomelmabini]

What a dump!

Probably to shake out the noobs and the weak hands, we really are in the bull market and this scenarios are expected. For traders better to wait on the support and I think this isn't yet the big dump we are expecting considering we haven't broke to $20k. Any technical analyst out there?

[Ridwan Fauzi]

Before the dump came its price was pumped from $19.000 to $19.600 and after that just need 15 minutes the price just dump below $18.200.

I don't know what has happened, maybe some instution or whales out there are trying to take profit. But technically if we see the monthly candle seem like it will be formed a bullish engulfing given we just need five days left.

But yeah, we need a correction first before the all time high is passed. The gartley pattern in montly time framehas given an indication that the price should meet a correction, but who know.

[Kemarit]

You spoke too soon mate, LOL,

Yeah, was surprised to see the whole market dumping right now, I thought that we can maintain at least $19k, but it's not mean to be. Anyways, just another day though, just look at the bright side, after this dump we may attempt again to $20,000.

We are still in November though, perhaps what the whales wanted is for the market to make this kind of correction and then as we entered December, there could be a huge spike and hitting a new all time high.