Bitcoin hitting ATH right now?

[tranthidung]

I really don't understand why people (and media as well) keep saying that BTC reached a new ATH. According to CoinMarketCap, BTC's ATH was at 20.089$ and this event happened on December 17th, 2017.

What happened recently, on December 1st, was BTC reaching a value very cloae to its ATH, but not a new ATH.

I am not sure what happened exactly on that day (even I was in the market) and why coinmarketcap gives us the 2017 all time high at $20.089. I recalled I have never seen bitcoin broke $20,000 in 2017. Double check with price charts on Trading view, it seems data from CMC is wrong on 2017 All time high or it could be a price from a leverage exchange like BitMEX or Bitfinex.

You are right about that price from CMC (I used their price table for my analysis so I knew it).
I checked 2017 all time high:

• Bitfinex: $19,891
• BitMEX: $20,093 (not $20,086)

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[GazetaBitcoin]

I checked 2017 all time high:

• Bitfinex: $19,891
• BitMEX: $20,093 (not $20,086)

As far as I know, CMC shows a price which is the average of more exchanges... As a consequence, if BTC was 20.093$ at BitMex on 17.12.2017, if this value was added with other values then CMC calculated an average, it could lead to the amount shown of 20.089$.

However, I certainly remember that day that I read that BTC surpassed 20.000$ (can't find the article though).

And, if CMC is not wrong (it could be, but chances are low), then on 01.12.2020 BTC got close to the ATH, without reaching a new ATH.

[Altcoinsintel]

I think that yesterday Bitcoin hit ATH in most exchanges. It is now Bitfinex too and Coinbase. It was rejected again but not like some were expecting. Some are expecting 30% drops for Bitcoin as in the previous cycle but I think that with the halving, we will also have a halving of the dip sizes. 15% as we had could be the new standard if Bitcoin is to repeat 2017.

[Vishnu.Reang]

I really don't understand why people (and media as well) keep saying that BTC reached a new ATH. According to CoinMarketCap, BTC's ATH was at 20.089$ and this event happened on December 17th, 2017.

What happened recently, on December 1st, was BTC reaching a value very cloae to its ATH, but not a new ATH.

You are absolutely right. The justification being given is that last time the ATH level was not achieved in many of the exchanges. While in one or two exchanges it breached the $20,000 level, the prices in other exchanges remained much lower than that. Also, the peak prices could not be sustained for long. Within a few months, Bitcoin was trading at four-digit prices.

[ethereumhunter]

The current price of bitcoin is very good, and will continue to rise until next year.  according to experts bitcoin target will reach the level of $ 30 000.  let's see if bitcoin is able to reach the $ 30000 level.  I myself still have doubts, afraid that the events in 2017 will happen again, but I hope not.  bitcoin will continue to increase in the next year.

Gladly, the bitcoin price can now back to $19k again, and the sign to see the high price still open wide. But I don't know if the price can still increase to $20k or make another correction and then bounce up to $20k. It is hard to predict where bitcoin will rise because we don't have the right sign or news to prove that. There are many speculations about the new price ATH for bitcoin.

[Smartprofit]

In my opinion, a very strange situation - the price of bitcoins reaches $ 19,800, but does not reach $ 20,000 and falls to $ 10,000.  Is this option possible? 

No, in my opinion, such a scenario is unlikely.  This is the December 2017 scenario.  It is unlikely that in 2020 everything will be the same as in 2017.  History does not repeat itself.

I think the price of Bitcoin will rise to $ 30,000 soon.  Possibly by spring 2021.  The price growth will be rapid.  Fomo's absence from the market makes this scenario very likely.

[Sirait]

^ the massive $ 20k wall is still not destroyed, in a few days, it's likely to be destroyed. I'm sure we'll see the new ATH before 2020 ends. some exchanges have different pricing data but Coinmarketcap is the current reference.

[BitcoinOfficialGroup]

^ the massive $ 20k wall is still not destroyed, in a few days, it's likely to be destroyed. I'm sure we'll see the new ATH before 2020 ends. some exchanges have different pricing data but Coinmarketcap is the current reference.

I hope too and I'm 100% sure this will be in the next few days <3BTCBTCBTC

[Gotumoot]

BTC price has been playing around $18-19K for the last few days now and we are eager to see a new ATH for so long,
Would it happen on this year or maybe it would be next year.
It is so hard to predict the price right now since it is so volatile.

[pankowri]

This is the last quarter of the year and still I can still remember the last quarter of 2017. Bitcoin showed its ATH value on that time which is also showing nowadays. We have already seen something strange on the last few days. Maybe we will get another ATH value in this month and I am expecting nearly $30k if the bull run continues. Market is unpredictable in this moment and nothing can be said surely.

[Smartprofit]

BTC price has been playing around $18-19K for the last few days now and we are eager to see a new ATH for so long,
Would it happen on this year or maybe it would be next year.
It is so hard to predict the price right now since it is so volatile.

I think the bitcoin price will fluctuate between $ 16,000 and $ 19,000. 

This is a comfortable price for miners.  Halving happened quite recently.  This led to a halving of bitcoin mining. 

This price is also very beneficial for cryptocurrency exchanges (which earn on commissions).  Traders will make a huge number of trades in the hope that the price will go up or down.  A large number of transactions will bring profit to cryptocurrency exchanges.

[mezzaluna]

I've just seen it hit $19841 on coindesk before dropping a little.

https://fv2-2.failiem.lv/thumb_show.php?i=3w9kwysxj&view

https://www.coindesk.com/price/bitcoin

This new All time high might even be change in the following days since its just a small drop that is shown. The graph is similar with the year 2017-2018 in which Bitcoin really soar that year then it also carried other Alternate Cryptocurrencies boosting their values so its really one of the best time to invest as much as possible then get it out once you get your preferred profit.

[Altcoinsintel]

It was exciting and ended right after making a new ATH for a few dollars more.

I am glad price didn't drop a lot because there can be another attempt to price above 20k having in mind $21500 as a possible target before finding resistance.
I don't think that 20k will be just the reason to see sellers.

[omone1]

This means the $20k was not the ATH as  has been circulated. I had some argument with a friend when he posted the new ATH of BTC on 1st Dec 2020. This is just the beginning, no ponzi and no hype driving this just mass adoption and great mainstream support.