Heavy BTC resistance at $20k

[sana54210]

I believe that $20k is not a resistance we cannot break, it is right there and very close and it doesn't require that much money to break over neither, it is definitely something that we can break over very easily if we tried. However it requires a lot of bull run and hype from people not to sell, that is the problem we are facing right now.

There are too many people who are selling, and that sell pressure keeps us from getting closer to $20k levels. If we can somehow stop the bleeding and get closer to a level where we can make buyers stay in numbers but sellers drop in numbers by a large margin, we could break over $20k very easily. Normally it requires a buy rush to go up, this time we need sellers to slow down.

[fullhdpixel]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

Ripple also seems to me like it’s reached its high for now. I have not been following Tron actively, so I can’t tell for sure whether it’s a good option or not for now. Then Cardano aka ADA seems a pretty good choice, it’s been going positively.

But Bitcoin isn’t a bad choice right now, you can still sell part of the Bitcoin you’re holding and maybe keep the rest, if there is any coin that has more chances of going green, then it’s definitely Bitcoin as of now. The price might seem like it’s hard to cross the $20k range, this is similar to what has been happening in the last few months, it will still cross that level.

[hd49728]

Bitcoin need to find out very strong support at price $19500 and around it to have strong momentum to pass through $20,000. I see bitcoin was pulled back three times around $19500 and it will be an important resistance for bitcoin. I know it stood above $19500 for 2 times and for a while but it has 3 times drops from that price.

If bitcoin fails to do it, two lower prices can be bottomed at $17700 and $16700. Xmas in the air and in next 2 weeks, I won't surprise if the Santa Claus gives me deep red candles. If you have USDT, wait for dip and buy up.

[xZork]

I think bitcoin will surpass $ 20,000 by the end of this year or early next year, so holding bitcoin is still a good investment.
However, the rule when investing in the cryptocurrency market is not to put all your eggs in one basket, so it is best for people to split their investments.

[lepbagong]

I think bitcoin will surpass $ 20,000 by the end of this year or early next year, so holding bitcoin is still a good investment.
However, the rule when investing in the cryptocurrency market is not to put all your eggs in one basket, so it is best for people to split their investments.

maybe I am a little different even though the potential is very real, but I actually believe that $ 20K will not happen this year but will happen next year and not at the beginning of the month which is usually a correction that occurs by bitcoin. but the most important thing is that it will happen and a matter of time.

very wise advice from our friend that do not make investments in just one, but if it can be divided into several that are very potential and must be remembered that there are many potential and equally profitable.

[LUCKMCFLY]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

$ 20k is a psychological value, many times when it reaches almost the suddenly low value, but it is because many want it to arrive and the same emotion produces the NO-BUY out of panic, some see it as an opportunity, others wait to sell, but when it reaches $ 20k it will quickly surpass it, generating new highs, obviously when this happens the high season will come, the whole market will be green.

[Hamphser]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

$ 20k is a psychological value, many times when it reaches almost the suddenly low value, but it is because many want it to arrive and the same emotion produces the NO-BUY out of panic, some see it as an opportunity, others wait to sell, but when it reaches $ 20k it will quickly surpass it, generating new highs, obviously when this happens the high season will come, the whole market will be green.

There's really a strong resistance into this level and we've been trying out or testing it for how many times and the price do really bump down once we are reaching or near level to that price.
Theres no guarantee about on breaking it will be having some corresponding price increase afterwards because it might be neither able to break 20k and go to 21k and then drops.
No one really knows thats why we should really be wise on making out some actions for our own advantage or benefit. Theres indeed a heavy resistance on 20k
and if that do continue to happen to have some ups and downs between from 17-20k then that will be a sweet spot to make money in shorter duration.

[usekevin]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

Actually it's not a real so. But i agreed it happened at the time of 2017, the price of bitcoin not reached 20k$.Again it back to 17, 000$ last time and now. When the price of bitcoin back to normal or lesser value, just converted the coin to usdt. Then the value you have holding will not reduced further. It can be done by analysis of live market analysis.

[Bitcoin_Arena]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

That is expected, I am actually not surprised by the recent turn of events

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

The alts are not much better option. Should bitcoin price correct, their price will also drop. It's like they are first waiting for Bitcoin price to make the move. Currently, Bitcoin is the only coin among the top coins that is closest to its all-time high. ETH is miles away and so are the likes of XRP and cardano and the truth is that they won't move past the level they are right now unless Bitcoin breaks through 20K

[MCobian]

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

[shinratensei_]

according to Coinmarketcap the ATH bitcoin is at $ 20,089 and now it is heavy resistance,
the target should be at $ 20100 if you want the price of bitcoin to break resistance,
even though now the price of bitcoin is already at $ 19k, less $ 1000 will go to $ 20k, seems very difficult.

The market is still wanna try to building more support. Bitcoin's price is always stay at 18k - 19k range. The 20k resistance looks very strong at this moment. It's quite difficult for bitcoin to break it.
Bitcoin needs more institutional investors to make the price will be able to break 20k resistance.

Bitcoin has tried that a few times but it's not yet able to break 20k rate.
I hope there will be more penetration from the institutional investors.

[Innerpumper]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

I have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

[lixer]

It is not about resistance but it is about the willingness of people to go beyond it. If there is a small resistance, or even no resistance at all at a price but people do not want to go beyond that because everyone is in bear mode and selling all they have, they will definitely end up selling and dropping the price, we will not be breaking over the tiny small resistance just because we are going down and not even trying to break it.

Whereas if people want to break a resistance, and we all get together and try to break it, no matter how big or giant that wall looks, we will be capable of breaking it and going above that. Hence I think it is quite important that we focus on what people want and not where the resistance and support lines are because in the end what people wants will be done.

[Lhaine]

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

I check binance order today and yeah the resistance above 19500 to 20k still strong so ithink it's not yet possible to break that 20k$ for this week what ever they do in the market, maybe last day of this month or early days of January I am still positive that we can break that but it takes time for that to happen and possible price for now is around 18000-19400$ for the whole week.

I have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

Not good decision to make did ever check what happen to altcoin price every time there is a drop in price of BTC ?

[chip1994]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

This is really not a good strategy to buy top altcoins now. Bitcoin is really struggling to get past the $ 20k price point and it is likely to face a sharp correction in the coming days. And you know, if you buy the top altcoins now, the discount will be even stronger than Bitcoin.
If you are unsure of an upcoming bull run then it's best to just hold USDT and wait for the price of the altcoins to be low and buy it. The market is very unpredictable right now and now the risks are very high, be careful.

[ultrloa]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

This is really not a good strategy to buy top altcoins now. Bitcoin is really struggling to get past the $ 20k price point and it is likely to face a sharp correction in the coming days. And you know, if you buy the top altcoins now, the discount will be even stronger than Bitcoin.
If you are unsure of an upcoming bull run then it's best to just hold USDT and wait for the price of the altcoins to be low and buy it. The market is very unpredictable right now and now the risks are very high, be careful.

If you prefer to hold it for long time then the top coins is not good on you since possibly you will get inpatient on the movements and get panic with the certain dump then sold your coins at lost. But if you are a day trader then the top coins are the best selection since they are doing a healthy market movement and the volatility is so profitable right now.

[Sebas.tian]

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

[Janation]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

I have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

I've been also doing this but I am having some doubts.

I might make a mistake so I am having these doubt where to put my money. I've been waiting for Bitcoin's $20K+ but it seems it would not be happening this year. Ripple is having its fork so I am also putting some in there, other popular altcoins too so I hope BTC price could be higher.

[XCANA]

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

I think most investors today are excited about the incoming bull run but if it will not break its ATH this year, probably they will divert their attention into investing some of the top altcoins which also have potentials that they will be bullish the following year. But hopefully, bitcoin will continue in surging high after this price correction that is happening now.

That's a good one, Bitcoin has been bullish in the last quarters of this year 2020 and the price market is likely to end on a golden note. Investors are still much pretty in-love with Bitcoin price at the moment becasue of the resistance lowest at $18k which gave us good hope of the price not falling below profit level since the last quarter came with bullish. Bitcoin can do wonders and we shouldn't ruin out the fact that Bitcoin has the powers to retest another new height in terms of price.

[TradingBull.io]

The 20k resistance level was expected an not surprising.

Lot of people whom got BTC bellow 10k may be tempted to exit here, why there is some hesitation at this price level (also considering it is a ATH).

There is still a lot of traction on Bitcoin though, the resistance seems holding quite fine.

Let's see in a couple day if it is correcting at $16k or trying the ATH again.