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

[AliMan]

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

For me bitcoin will first stabilized only at $20k and more fluctuating value could be experienced until the end of December. We don't know yet what will happen next during the start of 2021, it could be good or either bad opportunity. That $30k predictions was just a glitch of ever price bounce quickly to that level.

[STT]

Seems like 20k is more then probable, weekly bars view to end this weeks closing bar and it looks on course from what I can see.


Monday is when it hits the waves, Japan opens and weekend prices meet leveraged money from Yen and many other convential markets that may or may not take an interest but so far it seems not much disturbs the regular gain we've been seeing for a while.    If we falter, it regains the trend within like 2 days and sellers look wrong.   

[matchi2011]

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

For me bitcoin will first stabilized only at $20k and more fluctuating value could be experienced until the end of December. We don't know yet what will happen next during the start of 2021, it could be good or either bad opportunity. That $30k predictions was just a glitch of ever price bounce quickly to that level.

Very possible though. Knowing how things are moving from here, fluctuations are very active. But considering all those positive news
about this market, with lots of new investors.

It's not hard for Bitcoin to touched or surpassed $30K in the next following years, it's a matter of trust and how you really anticipate
the next bitcoin run.

[crwth]

It has touched my support line twice in my charts, and it could be a sign for another go for ATH. 



My current resistances are at $19589 and $19816. Once this breaks, it will surely be ATH, hopefully.

[maydna]

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

We need a big pump similar to what happened before we enter the month of December for the price to reach $20000 and I have a feeling that we are going to have it before the end of the year, it's been a roller coaster ride for us this year and we want to end this year with a big bang and what could be a better bang than ending it with recording another all time high.

That is right. But we need to calm down to wait for that big pump which we don't know when will happens. Many people really waiting for that big moment because they want to fully recover their loss and of course, they want to make a big profit. This month, we have more chances to see bitcoin price will surge to the high price and hopefully, that can break $20k before the end of this year. But if that still not happen this month, perhaps, we need to have more patient because, in the future, bitcoin price will make a new ATH.

[mirakal]

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

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

[philipma1957]

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

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

Nope sideways is what will continue.  You are looking at BTC like a trader or investor.

For mining 17k to 20k is just about the right price.

Mining in July of 2019 price was 13k+ and what happened we tanked. Why is that simply put profits for mining were too high.

Here in Dec 2020 to make the same profits as July 2019 a miner needs 25-30k

if we go to that number fast ie this Dec 2020 once again we would be at a price level that is a bit too good for mining profits.

Now that is drawing an analogy now to July 2019

If you want to think we are going to Match  Dec 2017  profits for a miner we need to be at 78k which was not sustainable and we dumped all of 2018.

So thinking 20k has any significance other then it is a round number is foolish.

Personally this year we had 60 flat days back in sept-oct. like 11.9k to 11.8

so we can do 19.1 to 19.0 for sixty days  then drop and take off.

Or you could be right and foolish traders panic and sell off.

We will know soon enough.

[Zicadis]

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

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.

Then bad luck for them. It often happens that when you think you're done with something, that that's exactly when things start moving.

We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

We have seen many times before but not like this. This time BTC is hanging strongly and despite the resistance at above 19.5K it still manages to stabilise around 19K. It had done so for nearly a whole month - that's a sign that will either break and enter ATH or that its 'normal' level is 18-19K and there abouts.

[daarul50]

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

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

Even with a charm of millions dollar future contract that will expire by the end of next month predicting the price will pass over 36000 usd.
We are now many times failed to get the price we wanted at over 20000 to stay longer.
Rejected over and over again and could be a signal to use your seatbelt in the downfall anytime soon.
I dont know people seems so done now so do i.

[palle11]

Even with a charm of millions dollar future contract that will expire by the end of next month predicting the price will pass over 36000 usd.
We are now many times failed to get the price we wanted at over 20000 to stay longer.
Rejected over and over again and could be a signal to use your seatbelt in the downfall anytime soon.
I dont know people seems so done now so do i.

The rejection of 20,000 for this season may not be a signal that will push price to fall. Bitcoin is unpredictable. We can't be surprise if another push can break the boundary and up we go to 30,000 by next year second quarter

[dragonvslinux]

Stuck in a triangle awaiting for a breakout by the looks of it... price starting to look boring:



If we break-out to the upside there's a good chance we fly past $20K 

[STT]

I was thinking we had broken that triangle even, to add to the other measures previously holding while we rose in price considerably.   A pullback is fair game at this point and we look further afield for a conclusive price to settle at and since we rose rapidly thats usually going to a bit below here.



So its losing the weekly average, not sure anyone else but me cares about that one but often we find ourselves maintaining above this measure when trending up.    I trust trends more then any other type of action, we can always burst up on news but thats my game to predict.    I think we got 20k near enough and thats the deal in the near term and we'll see later on the bigger picture prices where we can go but most interesting speculative trade right now is possible downside seems like.

[gabbie2010]

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

Unfortunately it couldn't do it, the resistance at $20K look solid and strong any attempt to breakthrough by the price is rejected, I believed more institutional adoption of bitcoin and more positive fundamental news is the needed catalyst that can break that resistance else the price will continue to be rejected at that zone, meanwhile until the previous ATH is broken before the price can reach $30K. for now the price is currently experiencing a pullback I hope its a minor one.

[rodskee]

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

yeah another false alarm 

______

________________________________________

And now it's getting more critical as the Value of Bitcoin also dropping to $17,000 level again.


but were still in December and many factor that needs to be consider,also the speculation is actually not this year but the Next so if ever that we did not get it now still there is another chance (HOPEFULLY)

Better to be Wise than Keep the HODL.

[daarul50]

Even with a charm of millions dollar future contract that will expire by the end of next month predicting the price will pass over 36000 usd.
We are now many times failed to get the price we wanted at over 20000 to stay longer.
Rejected over and over again and could be a signal to use your seatbelt in the downfall anytime soon.
I dont know people seems so done now so do i.

The rejection of 20,000 for this season may not be a signal that will push price to fall. Bitcoin is unpredictable. We can't be surprise if another push can break the boundary and up we go to 30,000 by next year second quarter

Could be and could not be, obviously it is always about this two right? You cannot speculate your investment all the time by saying it is unpredictable, sounds too desperate for me.

I was thinking we had broken that triangle even, to add to the other measures previously holding while we rose in price considerably.   A pullback is fair game at this point and we look further afield for a conclusive price to settle at and since we rose rapidly thats usually going to a bit below here.



So its losing the weekly average, not sure anyone else but me cares about that one but often we find ourselves maintaining above this measure when trending up.    I trust trends more then any other type of action, we can always burst up on news but thats my game to predict.    I think we got 20k near enough and thats the deal in the near term and we'll see later on the bigger picture prices where we can go but most interesting speculative trade right now is possible downside seems like.

Sure we do care about trends as that is what bring the market into certain mood.
And currently in the quite bad mood.
Pretty much sure to stop buying in largr scale with this situation unless if you are willing to digging your own grave.

[TravelMug]

The $19k support lines have been broken, and obviously we are now looking at the lower $18k because there is really a selling pressure that happened. And as much as we attempted to break $20k, again, it's too much of a mental barrier. So no roll again.

But this is be consider as a healthy trading, we have been trading sideways for most of the time, although the break out didn't favour us, still this could present as a good buying opportunity again for majority of us. This is just the beginning of December and we can see two more weeks as another chance for us to get into that $20k.

[el kaka22]

Maybe 4th time is the charm? All kidding aside I believe there is a big possibility that we are not going to suddenly change the outcome of us going into $20k+ that quickly. We have tried it multiple times, we failed, people have lost faith in the possibility of going there, and that means we are probably going to wait until bitcoin goes to a lot lower levels and regroup and attack again, that is the only way we could potentially see the price going above $20k.

I am not saying that we can't, we totally can but the fact is people do not feel the same way anymore, and that is why I believe it is not going to happen, all due to people not really believing in themselves to make it happen. However if we could arrange a hype once again, it could result with a quicker increase.

[STT]

For sure 4th times the charm because with a big enough run up it'll break 20k like the paper wall it is, just empty numbers as in the last 3 years the dollar lost value so standing up 20k as if its stood solid all this time is wrong for certain we know this today so its just a case of time for it to fall over.       
   Its also the case the price more or less doubled in a month so you can say its possibly reached its stall speed, it doesn't take much to stop its progress is how I take it and it needs to rest and lose the weak hands before it can continue.   Its not an unfamiliar process we've seen it many times, just getting past the 2019 summer high is enough of a positive for any long term bulls I think.   The inexperienced will have to learn that which again similar to the past.   20k itself has no strength to it as a barrier, energy was lacking on this occasion.    I'll come back with the close of the weekly bar tomorrow and we'll see if its still appearing outside of its old trend and if that matters.

[MCobian]

It is still too difficult for Bitcoin to reach a price of $ 20,000. Because several times the price of Bitcoin fell below the price of $ 19,000.
This indicates that Bitcoin's resistance price at $ 20,000 is very strong. It takes a big event or good news that can make Bitcoin hype
in order to break the resistance price. But I doubt the current movement of Bitcoin can reach a price of $ 20,000 by the end of this year.
My prediction is that the Bitcoin price might end this year only reach a price of $ 19,500.

[error08]

It is still too difficult for Bitcoin to reach a price of $ 20,000. Because several times the price of Bitcoin fell below the price of $ 19,000.
This indicates that Bitcoin's resistance price at $ 20,000 is very strong. It takes a big event or good news that can make Bitcoin hype
in order to break the resistance price. But I doubt the current movement of Bitcoin can reach a price of $ 20,000 by the end of this year.
My prediction is that the Bitcoin price might end this year only to reach a price of $ 19,500.

Bitcoin back to business again as the price recover to above $19,2k today. It seems because traders sell out xrp and switch to bitcoin, presumably. It's the 4th attempt to break the resistance level of $20k if bitcoin manages to increase above $19,6k within 24 hours.
Well, it just time matters until the great wall of $20k will be broken and we still have 18 days left before the end of the year, many things can happen including a new ath.