Btc hit $20799, what is the next move ?

harizen

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Quote from: rinkidas14 on December 16, 2020, 09:37:21 AM

Finally Bitcoin break all time high, what are you thinking about btc&alts price in this bull run.

I'm not expecting any bullish movement to some altcoins on my portfolio amid the current BTC bull run.

To give you some reference, currently, or should I say, when the BTC price starting to show signs of the journey to the moon, the majority of my altcoins wasn't able to ride the wave.

To conclude this, I won't make any such movement to my altcoins nor will make another entry "for now". As always, will closely watch the trend.

Yaunfitda

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Well, it's obvious by now, bitcoin has no ceiling, it can hit $25k tomorrow, if can go down again. What's interesting is that institutions and companies are banking on bitcoin as their reserves, meaning not just us, average joe's but there are a lot taking notice of bitcoin now, including billionaires hedging their wealth maybe cause of government's quantitative easing.

So as I have said, next move will be a stable price of $30k or least, a growth that is sustainable and continue to spike next year.

yohananaomi

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Quote from: Zalfa_mui on December 16, 2020, 02:54:28 PM

bitcoin has hit ATH, and I think bitcoin will undergo a correction at $ 18k, after which it will continue to $ 25k. there will be a lot of drama here. I hope that next year bitcoin will break new records that have never happened in the previous year. so prepare yourself and if you have more money it is better to buy bitcoin during correction.

what you say is in accordance with what I think and it is very appropriate that bitcoin has not reached its best point at this time, because it is still waiting for next year which of course there will be a very extraordinary surprise from bitcoin.

but at the end of this year bitcoin is very surprising because it is beyond my prediction that bitcoin will make a downward correction until the beginning of next year, actually breaks $ 20K by carving another new ATH.
there are still 2 weeks left what bitcoin will do and we will wait.

Zalfa_mui

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bitcoin has hit ATH, and I think bitcoin will undergo a correction at $ 18k, after which it will continue to $ 25k. there will be a lot of drama here. I hope that next year bitcoin will break new records that have never happened in the previous year. so prepare yourself and if you have more money it is better to buy bitcoin during correction.

inanilujimi

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in just 24 hours bitcoin changes are very significant and penetrate ATH which has not been touched for more than 3 years, for me this is a sign that the altcoin market will also follow in the footsteps of bitcoin, but it will not be the same as 2017 which is almost entirely pumping, for me personally only altcoins top who will be able to follow in the footsteps of bitcoin to be able to touch new ATH again.

Zeehaxan

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Quote from: rinkidas14 on December 16, 2020, 09:37:21 AM

Finally Bitcoin break all time high, what are you thinking about btc&alts price in this bull run.

Next bullish target could be 25000 after a little bit of retrace and then we can expect some dip and accumulation during the holiday season but I am quite sure the bull trend will continue again from the second week of January.

kindbtc

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Quote from: rinkidas14 on December 16, 2020, 09:37:21 AM

Finally Bitcoin break all time high, what are you thinking about btc&alts price in this bull run.

I think this bull run is gearing up as the most epic run ever because every big investor and institutional funds are now fully flowing into bitcoin which is causing scarcity in the market which only means one thing and that is rapid increase in price.

hahay

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It is extraordinary because indeed, this bull run should happen at the end of this year and for next year's bull run, including the altcoins market. This is the moment that everyone has been waiting for I think, because when the ATH can be penetrated then of course we will get the new ATH which I think is still unpredictable even though this breakthrough has occurred.

South Park

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Quote from: codegnome on December 16, 2020, 09:58:00 AM

Not an expert trader but I think it will stay at $20k for a while my assumption will be around $25k or more next year due to some companies that are adapting Bitcoin there's really a high chance that it will reach more than $30k next year.

The next sell wall is at the 21k level but it is not as strong as the one we had at the 20k level so it is possible it is going to be broken during the next days, however it is kind of difficult for those that are just getting to the market to invest in it as it is known that for the most part it is a bad idea to invest in a market once it has reached a new ATH as there is more room for a drop than there is for the price to keep going up, so it is better to keep holding whatever coins you have and only sell if you think a drop in the price is imminent.

Kopetunto

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The new all time high was reached this year, this is good for the crypto market,
because when the crypto currency pandemic will be highlighted again,
we know the best assets right now are Bitcoin and Gold, and Bitcoin will be popular again,
Fomo will come again, don't you sell your Bitcoin cheap.

Pamadar

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Quote from: blckhawk on December 16, 2020, 01:17:05 PM

After a few attempts, Bitcoin now makes it to make a clear entry for $20k USD. I hope that the resistance was now over, and at the moment we break the barrier this will be a start that Bitcoin might surge even more targeting the $25k USD would be the next goal. To be honest, I thought that the resistance will be stronger as we getting closer to the end of the month because people tend to sell some of their holding for the Christmas season but luckily I was wrong. Thereby, keep holding, now that resistance is over, Bitcoin will certainly surge this time.

Always expect the unexpected! Bitcoin moves surprisingly again.

Good to see that it's finally break the barrier and it brings a new time high, after this breakout lots of opinions and next target range will be presented, 25K is not far to begin with, it's really breakable as there are lots of new businesses showing interest in adopting this system impact will be seen after for sure.

baundul

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A record was set for breaking. If the price of Bitcoin had not reached 20,000 USD in 2017, it would never have set a record. In a decentralized market, the price of Bitcoin will go up once and go down once. Every year it will be something memorable. If we start selling bitcoin at this price, the market will collapse again like in 2018.

JJJJames

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I would guess bitcoin grows a bit more, dips a little then we all start checking our apps more frequently because alts are coming!!

isaac_clarke22

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Quote from: rinkidas14 on December 16, 2020, 09:37:21 AM

Finally Bitcoin break all time high, what are you thinking about btc&alts price in this bull run.

Feels "exhausting" and I ain't even motivated to sell all my coins and call me greedy on that and I don't care. I just don't want to zero out all my balance right now.
It might be a bit stupid but I might still buy a bit of BTC just because it looks like it might go over 20k but I feel like price correction is around the corner.

Pretty much many would be selling that's why I had the thoughts of that correction.

Tahid12

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I'm not so professional in this feild and its very hard to predict what may happened with bitcoin when hit already hit our exception price $20k even more.but I think btc will stay around $20k to $22k for a few months.then there are some whales who may sell their btc and dump the market.along with that, pinic sell will start selling and btc will dump more.but maybe we could see bitcoin price $25k around, at the end of 2021

lionheart78

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Quote from: ahoenk on December 16, 2020, 09:49:23 AM

It is already break $20k. IMO we will see above $50K for the next couple of mounth. But before that there will be a big storm to testbthe support and distribute btc to retail. However btc will still goes up to $100k then goes back again.

As much as I love to see your prediction to happen but I do not think it is possible for 50k in just a couple of month. After this rally, we can see holders taking profit so it is possible that a minor correction will happen. If the market don't get shaken by those who are shorting then we can possibly see $25k to 30k in the next couple of months.

jahepahit

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We should see 25k and then maybe 30k but that's not now. This is the time for the patient people to breakeven on their investment and take profit or move out. We will see strange predictions from different experts till their followers are caught in a rinse and wash dip.

blckhawk

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After a few attempts, Bitcoin now makes it to make a clear entry for $20k USD. I hope that the resistance was now over, and at the moment we break the barrier this will be a start that Bitcoin might surge even more targeting the $25k USD would be the next goal. To be honest, I thought that the resistance will be stronger as we getting closer to the end of the month because people tend to sell some of their holding for the Christmas season but luckily I was wrong. Thereby, keep holding, now that resistance is over, Bitcoin will certainly surge this time.

passwordnow

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It has finally removed those barriers that stops it hitting that price. Next move is wait until it corrects as bit and if it makes the support at $18k to $19k, that would be the greatest support for bitcoin this time. I'm firm with my plan of holding it for more years and this only shows a greater encouragement that bitcoin can hit prices that we're no longer expecting before. Can you imagine when it has hit $3k on 2018? the majority didn't expected it back to $20k by that time and this time, we're expecting a higher price. I guess that belief increases in due time as it passes new high prices. And for the alts, we'll see that they will eventually rise with bitcoin.

Mpamaegbu

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Quote from: codegnome on December 16, 2020, 09:58:00 AM

Not an expert trader but I think it will stay at $20k for a while my assumption will be around $25k or more next year due to some companies that are adapting Bitcoin there's really a high chance that it will reach more than $30k next year.

My thinking is that the $20k level which was Resistance for over a week will now turn Support. Just watch it, Bitcoin will surpass your $25k benchmark before the year runs out. But before then, I expect a little correction to $19k before rising like the Phoenix it is. To be honest, I never expected that Bitcoin would hit this high note this year a few months ago. I believe not many people expected it too. I was expecting around $10k — $12k level. The soaring part for me should be 2021. If Bitcoin is able to do this much this 2020, it surely means that 2021 will be off the hook for Bitcoin and the entire crypto industry. A 2017 déjà vu is cooking.

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