BTC is getting ready for 20k again - page 7.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: kentrolla on November 05, 2020, 07:18:45 AM

Impressive performance from the past couple of weeks is this the effect of American election?

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

I think people won't be satisfied this time with $20k for sure. I have heard many people talking about BTC to reach $100K. Until now I don't really think BTC has shown any signs of something like 2017 which actually is better because the quicker you go to that mark upward the less stable that mark would be. So I think it's better that the curve this time is much less steeper. Earlier people were thinking that PayPal was one of the reasons of that bull run starting but I think it's purely market dynamics. Price hardly move on too good moves but sometimes make significant movements on even smallest of rumour.

STT

legendary

Activity: 4102

Merit: 1454

20k by year end is a bit ambitious possibly, there is one theory to justify that which is an air gap or basically a lack of volume in this area. Though we have had 20k ATH previous it was a very shaky abstract price not really confirmed or involved with properly but that also leads into the idea we've never put down alot of volume in this area and so resistance could be low. Another chart I saw pointed out the present price in 2020 matches the closing price from the ATH area though we are far off, it could be this point is the resistance and the rise after is not as difficult.
In 2019 I guessed we'd have the proper rise in 2021 and 2020 would be a time for consolidation and revision of prices, I do still think that though we have been more positive overall. Just recently we've just been rising on most of the tests to weekly average, it marks us with very positive momentum.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: kentrolla on November 05, 2020, 07:18:45 AM

Impressive performance from the past couple of weeks is this the effect of American election?

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

The market gives us a hint on what will be the outcome of bitcoins in next following months but it's good not to rely on the beliefs that we will go to the past ATH since there are so many things to consider and might we might not see it and come to the closest figure so better expect less and prepare to sell so that whenever the market go backwards we will earn and can buy again for possible another big gains from the volatility.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

I think that the previous ATH is actually just the beginning of where the real bull run starts, because it is not questionable whether it will happen (it is a matter of time), but how many times the next ATH will surpass the previous one. Unlike 2017, we now have big players involved in the whole story who are really investing big money, while on the other hand we have growing distrust in institutions and more and more speculation about the weakening of the US dollar, which encourages many to invest in Bitcoin.

However, caution should be exercised at this time, as the EU is hit hard by the pandemic and locking measures will have the same consequences as before - and it is difficult to expect that Bitcoin will not be hit if the stock and oil markets fall sharply again. I don’t think this price increase is directly caused by the US presidential election, but that we are feeling the first effects of halving and the basic law of supply and demand due to the increased institutional interest in investing in Bitcoin.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Impressive performance from the past couple of weeks is this the effect of American election?

BTC has pumped 9% in the past one week and has gained the momentum and inching towards 15k now after 2017 it has broked the 14 k barrier and setting up for new heights guys this performance from BTC was remarkable and a boost for many altcoins too. I guess it will break 20k barrier by the end of the year hopefully.

Topic: BTC is getting ready for 20k again - page 7. (Read 1445 times)