3rd times the charm 20K ok I was wrong, 6ths time the charm

[STT]

Its within the channel still so the probability says yes till proven otherwise.   This is how I draw it anyway and it seems to be a good regular parallel channel with upper and lower bands to the pace of growth for over a month now seems like.   Its faltered at times but mostly I've been impressed by how reliable its been and quite tradable on those boundaries.



We're extended past 50 and 200 day averages which adds some risk but so far theres no reason it shouldnt challenge and pass 20k, probably next week to confirm that I think.

[RealMalatesta]

We are going to keep trying until we break over it for sure. Remember the 10k price point? We have tried that many many times, even went over it as well but in the end we have dropped and went above and dropped and went above without much success for a very very long time. It took only one time for us to actually have a huge hype and after that not only we broke over 10k, we are near 20k right now which is double.

So, what I truly believe is that we are at near 20k right now and it might be hard for us to go over it for a while, but I also believe that we are going to end up seeing a huge increase eventually will make 20k look like not a big deal at all, being 20k will be easy, it is how much higher could it get that is difficult.

[shoreno]

We are going to keep trying until we break over it for sure. Remember the 10k price point? We have tried that many many times, even went over it as well but in the end we have dropped and went above and dropped and went above without much success for a very very long time. It took only one time for us to actually have a huge hype and after that not only we broke over 10k, we are near 20k right now which is double.

So, what I truly believe is that we are at near 20k right now and it might be hard for us to go over it for a while, but I also believe that we are going to end up seeing a huge increase eventually will make 20k look like not a big deal at all, being 20k will be easy, it is how much higher could it get that is difficult.

its the btc but who makes the price of btc , its still the people so yeah we should try and try until we succeed to reach that goal . the goal is not that far and only takes a little patience in holdling and also a little more of buying in the side and im sure that we can get it .

i remember that 10k your saying mate but who wouldnt be ? because that 10k was verry annoying  but we can use that as an inspiration that price can go back and forth and once it breaks itl burst 

[shield132]

Nah, we are still far from $20k, currently at $19,300 per CMC. I'm not sure though if this is the 3rd time that we are trying to break to $20k though, but the last time, big resistance again and obviously, it was followed by a retracement to sub $19k. We will go there eventually, just need more patience mate.

Why do you think that we are far from $20K? It's 19K right now and you know what? People remember very well that we reached 20K high and it was back in 2017. Historically, expectation of people is that bitcoin's price should rise and it should be higher than it was previously. Also, you may already know that people have high expectation on halving and it was the reason that pushed bitcoin to become as high as 20K (from $600). Right now, the same situation happens. The rate of bitcoin's price rise is similar of previous year and if we moved from 600 USD to 20 000 USD (33x rise), then why do you think that people will have lower expectation right now? So we aren't far from 20K, we haven't been so near before.

[dragonvslinux]

4th times the charm maybe? As long as price keeps making higher lows then the resistance will break eventually... even if $19.5-$20K looks like strong resistance.



There's 50 & 100 MA bullish cross over support around $18.4K, that could be the quick wick to a higher low before finally breaking through the resistance area.

Otherwise, if resistance hold up, we'll be looking at $17K levels and wondering whether we'll correct further or consolidate sideways I guess.

[arwin100]

Nah, we are still far from $20k, currently at $19,300 per CMC. I'm not sure though if this is the 3rd time that we are trying to break to $20k though, but the last time, big resistance again and obviously, it was followed by a retracement to sub $19k. We will go there eventually, just need more patience mate.

Why do you think that we are far from $20K? It's 19K right now and you know what? People remember very well that we reached 20K high and it was back in 2017. Historically, expectation of people is that bitcoin's price should rise and it should be higher than it was previously. Also, you may already know that people have high expectation on halving and it was the reason that pushed bitcoin to become as high as 20K (from $600). Right now, the same situation happens. The rate of bitcoin's price rise is similar of previous year and if we moved from 600 USD to 20 000 USD (33x rise), then why do you think that people will have lower expectation right now? So we aren't far from 20K, we haven't been so near before.

Maybe he doubt that bitcoin can reached that and I can't blame him since we have so many fall experienced and maybe that is the reason why he think that we cannot achieve that price this year.

But it has really a big possibilities that $20k will be reachable these year since we are near to spot that and as you said many expect that to happen and this expectation brings the hype since it could lead to more buy orders which can help the growth of the price.

[exstasie]

Volume has gotten very low the last several days. A big move is definitely about to happen.

I'm torn, maybe leaning 60-40 in favor of a bullish resolution. Can't rule out a brutal shakeout from here though, especially since everyone seems so bullish. That Fear & Greed index is looming.

I've always seen low volume to indicate that the move is without conviction, which in this case is our move up to a 3 year high.

True, some people would consider rising on low volume to be bear flag behavior.

Or maybe it's just "the calm before the storm." Volume might come in after the ATH is broken, confirming the strength of the trend. I don't think we have enough information to say yet.

[smyslov]

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

I have this feeling that we can reach the $20 k mark before the end of the year, there's a lot of positive news coming out we just need one big pump to reach that level, remember we have one big pump that was 10% just last month so I think that it's possible and can be done this month before the month and the year ends.

[gentlemand]

Could be a while yet. The most important thing is that it went for it. I really wasn't expecting that so soon. Every time it shies away from it just means when it does do it it'll happen with some serious conviction.

It could be tomorrow. It could be well into next year. Either works fine for me. We're in a great position.

[TravelMug]

Unfortunately, it was a failed attempt as the price goes down $18'ish again (but we are in the weekends anyways). But still a good attempt though, not enough threshold to push it as the lack of volume shows that traders are just having a so-so trading activity.

@smyslov - could be if the trend continues that every December, second or third week, we see the price going up, that is, if it still holds true this year as the price is really taking off from the lower lows in March up to this point.

[traderethereum]

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

I have this feeling that we can reach the $20 k mark before the end of the year, there's a lot of positive news coming out we just need one big pump to reach that level, remember we have one big pump that was 10% just last month so I think that it's possible and can be done this month before the month and the year ends.

If bitcoin can get more support from people, it could lift the price to break $19k, but I guess it will not be easy to see the price increase again.
The price can be back to $19k, but I am not sure if the price can reach the $20k this month or before the end of the year because that needs more demand at the market.
We can hope that the price can back to $19k and still increase more.
But to reach $30k, that will need more time, and maybe that will be reached in the next month, which is after the new year.
If $30k can be reached in the next month, that will be gifted to us, and we can celebrate it as the next new ATH.

[pilosopotasyo]

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

And I thought we are going to go $20000 after it hit $19,609.52 on the first days of December but now it's struggling to even go to the $19500 level it looks like we really need a big push coming from the whales or institutional investors, and why not they are going to help pushing it to another all time high if they want to.

[Baofeng]

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

And I thought we are going to go $20000 after it hit $19,609.52 on the first days of December but now it's struggling to even go to the $19500 level it looks like we really need a big push coming from the whales or institutional investors, and why not they are going to help pushing it to another all time high if they want to.

It's struggling because it's obvious that people have sold off due to the price peaking at around $20k. So for now, this is really a big wall. But at least though, the price is not breaking down and still maintain the $19k price, just by trading sideways in the last week. But we shouldn't worry or something, extreme greed is still very high in the 90's, meaning FOMO is still here and the bears are not winning.  And there could be some news that will come later, that will get this price to $20k or more.

[lepbagong]

I might not see it that bitcoin will break through $ 20K and continue moving past $ 30K, for this year. but if it is predicted for next year I am very confident and will probably exceed the predicted $ 30k that will happen.
but we are waiting for the time because the end of this year is still quite long and there may be changes. will there be any surprises at the end of this year? we wait patiently for two great celebrations to take place. because I am also sure that the end of the year bitcoin will actually go down.

[Fredomago]

I might not see it that bitcoin will break through $ 20K and continue moving past $ 30K, for this year. but if it is predicted for next year I am very confident and will probably exceed the predicted $ 30k that will happen.
but we are waiting for the time because the end of this year is still quite long and there may be changes. will there be any surprises at the end of this year? we wait patiently for two great celebrations to take place. because I am also sure that the end of the year bitcoin will actually go down.

Nobody knows if bitcoin will keep moving upwards or it will rest for a while, some might sell after reaching their targets influencing the current value to fall. Nonetheless, it can continue to move as predicted and many more new investors and businesses to keep coming and buyin to start their own investment.

For now, It's really enjoyable to see that the market still surviving and keeps holding between $18K to $19K best enough for early holders
to see that their investment are going bigger.

[BrewMaster]

i never understand why some people get over excited about bitcoin price changes every damn time. not just rises but falls too. price drops 10% they start expecting 50% more drops. price rises 10% they expect 50% more rise. and they all expect it right away too.

we are in a bull market but the rise is not going to happen this fast to something like $30k. not when there is a resistance and a more natural growth at the start of the rally which is now. $20k can easily take a month to be broken and then a slow rise over a couple of months to reach $30k. all of which is more reasonable and healthy.

[Reid]

Let's not forget its also the sell point of those who want at least ROI from 2017.
Then there are those who just want profit riding the dump that will come and buy back at a lower price.

This will be another unpredictable end of the year.
Will panic win and most whales will sell?
Or will it be FOMOs that will take BTC to a new ATH?

[exstasie]

Could be a while yet. The most important thing is that it went for it. I really wasn't expecting that so soon. Every time it shies away from it just means when it does do it it'll happen with some serious conviction.

It could be tomorrow. It could be well into next year. Either works fine for me. We're in a great position.

Similar feelings here. Really not sure if the breakout is coming soon or if a big shakeout is still around the corner first.

I'm big on contrarian trading, and my read on sentiment is that people are very, very bullish and greedy right now. That certainly makes me cautious. Shorts closed massively in the last 1-1.5 weeks, down 65% on Bitfinex since November 25th: https://bitcoinwisdom.io/grids/btcusd_longs_shorts

Now instead of providing fuel for a rally via short squeezing, bears are scared to short. The Fear & Greed index is also at 95, indicating "extreme greed."

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

[eaLiTy]

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

If that is the real scenario then it would be cool as many were planning to invest but the pandemic forced to change the plans and if there is a major shakeout then everyone who missed out earlier would be able to invest. I am also expecting a good correction before we see the price reaching new levels but whenever there is a correction there are huge investment coming in and hence not sure how the market will perform by the end of this year.

[Jating]

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

If that is the real scenario then it would be cool as many were planning to invest but the pandemic forced to change the plans and if there is a major shakeout then everyone who missed out earlier would be able to invest. I am also expecting a good correction before we see the price reaching new levels but whenever there is a correction there are huge investment coming in and hence not sure how the market will perform by the end of this year.

Yes, the push to $20k was very fast and very early, I remember a poll, the majority thinks that the price will be somewhat around $16k at the end of the year. So this is an expected growth in the last month or so pushing it to $20k. So we were caught unprepared on this unprecedented run that's why the selling pressure is huge and seen it goes down to $16k. But it didn't stop their though, the run continues again.

But as I have said, selling pressure, the somewhat stabilised in the $19k region. So a $20k++ will likely to be breach again Q1.