Heavy BTC resistance at $20k

[pawanjain]

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 don't think so because BTC has been rolling in this zone ($18.5k - $19.5k) since a long time now and if it were to dump heavily then it would have already done so.
We saw a minor correction in bitcoin's price recently and may be that is why we are seeing a good support at $18.5k.
I am having high hopes that bitcoin will soon cross the ATH and most probably before the end of this year.
I won't say your strategy is wrong because it's good to have a backup plan. Besides that you are only liquidating partially so you should still be good with your portfolio.

[Mejoress]

Every index is breaking resistances, and i think Btc will also break them, my prediction is $25K in no more than 2 months.

[bearexin]

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.

Another year? Are you kidding me, we are at around $19k right now and only 10% away from breaking well over any resistance and to be honest 10% is nothing in the crypto world that we should fear about.

I feel like we have a chance to actually take that $20k and be over it very soon, probably in December without waiting to be in 2021. However there is a good chance it could wait as well like you said, but not a year nonetheless, I fear that this could be something that will happen quicker than that, probably around late spring or early summer if we were to be too late for it.

This is why I am going to actually keep investing into bitcoin even to this day, because I know that without waiting for too long, I am going to make a profit. Even today someone who invest could make 10%+ profit in under 6 months which is still good for traditional markets.

[Akiko]

Every index is breaking resistances, and i think Btc will also break them, my prediction is $25K in no more than 2 months.

It's possible in long run but currently this week it's not the resistance is very strong compare to support . I expect a price dump in the first day of this week it may recover back again with good condition to break those wall before 20k price  but right now expect a dump that will happen in he next more hours or days. I am just waiting and setting my orders so I can grab some grab cheaper BTC price.

[marcous]

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?

If you look at the altcoin cycle, it will increase around January-February 2021. It doesn't matter if you buy altcoins now and then hold it.  indeed a holder, really need a patience.  Because patience is the key.  some altcoins that have the potential to increase by more than 10x could be like XEM, XRP, ICX, XVG ... and I will wait for the right moment to enter these coins

[dimonstration]

It's possible in long run but currently this week it's not the resistance is very strong compare to support . I expect a price dump in the first day of this week it may recover back again with good condition to break those wall before 20k price  but right now expect a dump that will happen in he next more hours or days. I am just waiting and setting my orders so I can grab some grab cheaper BTC price.

Btc is struggling to break it's ATH record, whenever it's about to reach it and break the resistance it somehow fall in price, so it will be better to really take those time to accumulate again btc cause who knows in multiple attempts to break the resistance and break the record thru more adoption in the future it will create again it higher ATH. We just need to wait and monitor it throughly.

[DarkDays]

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

I can see the logic in your thinking. And you're right last time in 2017 there was also a resistance at 20K but I think this time is different because unlike in 2017 BTC is being maintained in the region of 18.5K to 19K and this consistency indicates to me that this time a different event is playing out.

As for moving money else where, that's a good point and I think its up to individuals to decide if this would be an option for them.

[Nellayar]

It took more than 2x to hit 19600 dollars but still it pretty hard to surpass the 20K dollar level. There is a huge resitance from 20K making bitcoin hard to achieve it. Bitcoin still in a bullish momentum but its demand gets weaker. The resistance level will dictate when will bitcoin goes on. I know it might be a harm and risky to hold btc right now but I am pretty sure that bitcoin will surpass 20k soon. Only a new catalyst is needed for a pump. Maybe, a strong news will trigger the demand of bitcoin.

[Lanatsa]

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.

Everything happens in the crypto market, people can only speculate and invest based on their speculations.
The important thing is we do not know which projects are really potential, perhaps investing in the 20 biggest coins in the market would be a wise choice.

Diversification is always been recommended but of course you would really be needing that kind of risk management factor so that you wont really
be commiting huge mistakes which would really result into lost of money.

Its inevitable though but risk can be lessen out if you do know on what you are doing but actually you don't need to go with alts if you
can play well with btc price volatility.

Theres indeed a high resistance into these levels but if you can play out then its good for you.

[masulum]

Diversification is always been recommended but of course you would really be needing that kind of risk management factor so that you wont really
be commiting huge mistakes which would really result into lost of money.

Diversification is nothing if we are choosing altcoin comparing with BTC pair. Let say if BTC going to break $20K, it will not guarantee followed by altcoin that we choose. But i will agree to you about risk management, because this is will help trader to take an action when something happen with Bitcoin.
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About BTC Resistance, I think the real resistance to be done is around $19.660 if this resistance can breaked up, BTC will run to new ATH. The first trial happen on November 30 when BTC going to highest rate $19872 (TF 1D, coinbase), but can't move up in the next day, and till today BTC still not touching 19.660. Maybe we can see if the closing chart highest than 19.660 and BTC will going to 20K+

[gabbie2010]

It's possible in long run but currently this week it's not the resistance is very strong compare to support . I expect a price dump in the first day of this week it may recover back again with good condition to break those wall before 20k price  but right now expect a dump that will happen in he next more hours or days. I am just waiting and setting my orders so I can grab some grab cheaper BTC price.

Btc is struggling to break it's ATH record, whenever it's about to reach it and break the resistance it somehow fall in price, so it will be better to really take those time to accumulate again btc cause who knows in multiple attempts to break the resistance and break the record thru more adoption in the future it will create again it higher ATH. We just need to wait and monitor it throughly.

Its very obvious that the resistance at $20K is a very strong one, the price attempted thrice to break that zone but unsuccessful,  be as it may the bulls are very much in the market once that resistance is broken we are definitely in for another ATH whose value might not be accurately predicted, meanwhile I hope the present bullish sentiment of Bitcoin is sustained so as to enjoy a profitable 2021 market and more adoptions by many organizations.

[culuuton]

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?

Spread investment is also a wise approach although I think bitcoin and ETH are also complete and secure options. 20k is the most important threshold for bitcoin to return to itself, it is difficult to pass in the short term but I believe it isn't too long, this happy holiday is possible in my opinion.

[blckhawk]

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.

Indeed, there's no doubt that traders will liquidate try to liquidate their Bitcoin if the resistance will not break this time. What makes Bitcoin play around in $19k is because folks are afraid that it would be the same in 2017 trying to secure the profit they have. The demand is getting now getting low. But anyway, I am pretty sure that we will break this resistance and by that then there's a possibility that we will exceed that current ATH we have. 

[Lhaine]

Indeed, there's no doubt that traders will liquidate try to liquidate their Bitcoin if the resistance will not break this time. What makes Bitcoin play around in $19k is because folks are afraid that it would be the same in 2017 trying to secure the profit they have. The demand is getting now getting low. But anyway, I am pretty sure that we will break this resistance and by that then there's a possibility that we will exceed that current ATH we have. 

I check order it's look like Bitcoin already have good support ,but I still doubt that he will break the 20k now it is possible that there will be another correction that will happen before we can break the record. So I expect downtrend first to happen around 17500-18000 k USD. since the daily volume is slowly decreasing.

[error08]

Diversification is always been recommended but of course you would really be needing that kind of risk management factor so that you wont really
be commiting huge mistakes which would really result into lost of money.

Diversification is nothing if we are choosing altcoin comparing with BTC pair. Let say if BTC going to break $20K, it will not guarantee followed by altcoin that we choose. But i will agree to you about risk management, because this is will help trader to take an action when something happen with Bitcoin.
-----
About BTC Resistance, I think the real resistance to be done is around $19.660 if this resistance can breaked up, BTC will run to new ATH. The first trial happen on November 30 when BTC going to highest rate $19872 (TF 1D, coinbase), but can't move up in the next day, and till today BTC still not touching 19.660. Maybe we can see if the closing chart highest than 19.660 and BTC will going to 20K+

Altcoins aren't bad choices for diversification, especially the top 10 coins in the market, most of them have been increasing more than 50% in the last 30 days following the path of bitcoin obviously. Furthermore, people can earn more profits by investing in altcoins more than bitcoin due to the price gap. For example, xrp and waves, xrp value has increased from $0.25 to $0.6 = 240% increase, and waves from $3.4 to $9.2 = 270% increase. If I have $1000 to spend between bitcoin, ripple, or waves, definitely waves or ripple will generate the best capital gains compared to bitcoin.
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The real resistance is $19,8k in my opinion, look at the price history in the last 2 weeks, bitcoin barely break $20k as the highest peak last week was $19,839.
The highest peak we can expect to sell before bitcoin reaches $20k is $19,8k, the big wall awaits at that point.

[thichtieuthuong]

Too many people are hoping for a new price that Bitcoin will reach after 3 years of silence. I will keep Bitcoin. Because in my sense, the world is covid 19 epidemic. so Bitcoin can make a difference when the global economy goes down. Bitcoin will probably go beyond $20,000.

[BTCappu]

I would say best way to beat that 20k level would be to constantly pressure it, I know that we can't break over it at one go if we try it on the first time, but if we could knock on the door many times and keep pressuring the wall to fall down, we could take piece by piece constantly until that wall is no more and we just waltzh into it.

This is why I think us staying over 19k is vitally important, because longer we stay here means easier it will be for us to make that move and profit. Obviously it is going to take an insane amount of money to keep buying at 19k level because each bitcoin sold means 19k required to buy, and we have thousands every day, but we have managed to do it so far, and I hope we can continue to manage to do it some more time as well.

[boyptc]

Too many people are hoping for a new price that Bitcoin will reach after 3 years of silence. I will keep Bitcoin. Because in my sense, the world is covid 19 epidemic. so Bitcoin can make a difference when the global economy goes down. Bitcoin will probably go beyond $20,000.

It's not only you that thinks like that.

Many investors and holders are too positive and hoping that it will break $20k very soon. And you know what? the predictions are way beyond $20k and that's exciting and at the same time scary too.

Scary because it makes everyone greedy.

[Kasabus]

Too many people are hoping for a new price that Bitcoin will reach after 3 years of silence. I will keep Bitcoin. Because in my sense, the world is covid 19 epidemic. so Bitcoin can make a difference when the global economy goes down. Bitcoin will probably go beyond $20,000.

Despite of the pandemic we had today which made most of the countries' economy to go down, but with bitcoin market, what is happening is exactly the opposite. We had witnessed series of pumps for bitcoin and when it almost breaks the previous ATH, suddenly price correction attacks. But i'm still optimistic that after this healthy correction, bitcoin price will go straight higher than $20k. I know chances are very high, and with the positive news that always come around, no wonder we will reach new ATH this year or early next year.

[XZERO1]

TA is not that accurate when it comes to important moves like this, so I wouldn't count on that too much, at this point it all comes back to what is market makers decision for the next major move.

Also keep in mind that after pandemic Bitcoin is following SPX/USD closely and I believe that won't change until the pandemic is totally over, just always keep an eye on US market since whatever happens there will almost 100% happen in crypto and the only difference could be in delay as it can take a bit of time for crypto to react to it, so if you're positive about US market you should be optimistic about Bitcoin price as well and and vice versa.