Heavy BTC resistance at $20k - page 2.

santiPOGI

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Quote from: minhkhoa on November 30, 2020, 11:21:28 AM

Quote from: cryptoadviser on November 30, 2020, 10:16:37 AM

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

I agree with your idea that buying and holding coins such as Ripple, TRX, Cardano because Altcoins have the high potential ... but Bitcoin is difficult to predict when it will go beyond $ 20,000? I am anxiously waiting for surprises to come in a few months.

Indeed true and correct dude, we are in the same page. Honestly, in doing such trade I always made my choice to trade altcoins like XRP, Ethereum, Ada, Vet, and more rather than Bitcoin instead I hold mostly BTC in the long term because just like what you said it too hard to predict its price if it is going to spike or not.

jaberwock

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It looks like it is going to be very difficult to break over the 20k barrier, I was hoping something much smoother and much easier but it looks like it is not going to be as easy as we assumed it would have been. We are not even getting closer anymore neither, we are doing some hard work and hope that we could break over it, but after trying few times already and failing we are just staying steady.

This doesn't mean we are going to go down, it just means that we are not going to go up for now, which is why the price has been failing to go over 20k whereas it is also not going under 17k neither, it has been stuck between 17k-20k prices for weeks now. I don't know whats going to happen, I don't know if we will be capable of breaking over 20k or going under 17k eventually because both of them are equally possible at this point.

lepbagong

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Quote from: jeniferqueen0409 on December 11, 2020, 04:20:46 PM

Hopefully, Bitcoin stays at the price level you mentioned. The two days Bitcoin has fallen so fast that the Altcoins are also red. The Crypto market needs Bitcoin positive news in a few days.

your hope may also be liked by all who wish that bitcoin could hit $ 20K, but I don't see that. the possibility of going down again in bitcoin is very possible and there is no need to be surprised and panicked, because this has often been done. bitcoin will still be able to bounce back to increase in the future even in just a day.

later this year I don't see that bitcoin will ever be around $ 20K, but would love to be where it is now and keep going up and down. if next year, it is likely that bitcoin can do more.

jostorres

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How are we going to actually profit from this situation if we can't break over 20k? This means there needs to be some way we can break above 20k or that's about it, we are not profiting at all. I do not really get it, like if we can't make a profit from bitcoin than what is the purpose of us trading it?

So, if price goes down and we can't go above 20k because of this huge gigantic wall, that means we are going to all lose money (except people who buy short futures) and that is going to end up affecting the market very bad. People who lose money all together leave together and when they leave it takes a while to bring them back, a lot of people left in 2018 for example and we do not want that, we should not have that, that ends up hurting the market a lot longer term.

ethereumhunter

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Quote from: Akiko on December 11, 2020, 07:05:42 AM

Quote from: ethereumhunter on December 11, 2020, 05:25:56 AM

Yes, it is. It seems we need to satisfy if bitcoin can not break $20k this month. But don't worry because bitcoin will break it in the next year. Bitcoin price in a few hours ago can get the green candle, but unfortunately, the price is back to the lower price, and now, the price reaches $17,800, so I wonder how deep bitcoin price will reach later. I hope that the price will not go down for more because some traders are panicking to see the red candle comes back to the market.

If I will base to orders then the 17000-16500 is possible in the next more hours or days it's depend on the pressure of selling. The only thing that is surprising is that they accompanied the xrp airdrop schedule which is a lot of hype happen and many participated with the free tokens.then tomorrow it will be sold down cheaply after they buy it at a high price and other than that you can only get free tokens in quarter 1 of 2020 and you need wait another two or three years before you can get these tokens in full.

I feel sorry to those who invest thinking that it will give them good profit.

I don't know how many people participated with xrp airdrop, but I think it is not related to bitcoin. XRP airdrop is a free token given for people who hold xrp, but I don't have much info about that.

This week, the bitcoin price is not showing a good movement, instead, it just stays at the current price. But bitcoin has much time to start the increase in the next week or next year. If people already bought at $16k-$17k feels that their profit is not too bigger, they can hold it for more and wait for the next ATH because that can give them the big profit.

error08

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Quote from: Inkdatar on December 11, 2020, 10:22:24 AM

When we observe the trend it is true that btc resistance at $20k is hard to achieved. Many users expecting this year that price could go to $20k nor above it. Also some switch to altcoins on taking the opportunity as orhers are really predicting it that altcoin season will happen. We have an option to move to alts while price did not touch the resistance but on me I'm holding my btc until it reached my goal price to sell.

Whenever the downtrend happens, people start to panic sell as well because they are afraid the same thing in 2017 will happen in 2020 as the price continues to drop below $15k to $12k and then below $10k. I believe this year the story will be different because of some reasons like halving, more adoption from some big payment companies, and institutional investors. The price drop is a common thing in this market, it just some whales who trying to shake the weak hand to sell their bitcoins but the potential of bitcoin is beyond $20k, the best action right now is holding bitcoin until it surpasses $20k.

jeniferqueen0409

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Hopefully, Bitcoin stays at the price level you mentioned. The two days Bitcoin has fallen so fast that the Altcoins are also red. The Crypto market needs Bitcoin positive news in a few days.

hahay

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Bitcoin is an influential coin so even if you convert it or move some bitcoin to a coin below it, it still won't touch the moon because if bitcoin is still struggling to hit its ATH again then its price won't go any higher. Instead of liquidating bitcoin, it would be better to start with a separate capital because that is the best way not to become a major investment in bitcoin being destroyed.

mersal

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Quote from: Inkdatar on December 11, 2020, 10:22:24 AM

When we observe the trend it is true that btc resistance at $20k is hard to achieved. Many users expecting this year that price could go to $20k nor above it. Also some switch to altcoins on taking the opportunity as orhers are really predicting it that altcoin season will happen. We have an option to move to alts while price did not touch the resistance but on me I'm holding my btc until it reached my goal price to sell.

This is simply because people who bought in March 2020 are cashing out their profits because even if they sell now it is good profits for them that is why the prices are staying in 18K region for a while after it reaches mid 19K in the past month. Maybe in 2020, we are not going to see a new all-time high but surely the prices are about to break the old ATH at least in the first quarter of 2021.

Inkdatar

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When we observe the trend it is true that btc resistance at $20k is hard to achieved. Many users expecting this year that price could go to $20k nor above it. Also some switch to altcoins on taking the opportunity as orhers are really predicting it that altcoin season will happen. We have an option to move to alts while price did not touch the resistance but on me I'm holding my btc until it reached my goal price to sell.

Shasha80

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I agree that the resistance at $ 20,000 will be hard to break. Several times Bitcoin after reaching the price of $ 19,000 again
occurred price corrections. Even though the Bitcoin price still can't get past the resistance price, moving our Bitcoin into altcoins is
not a good idea. Opening post predicts altcoins will increase 2x-3x, that's just a prediction that isn't necessarily accurate.
In my opinion, the best step is to keep our Bitcoin hold until the resistance price can be passed.

Akiko

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Quote from: ethereumhunter on December 11, 2020, 05:25:56 AM

Yes, it is. It seems we need to satisfy if bitcoin can not break $20k this month. But don't worry because bitcoin will break it in the next year. Bitcoin price in a few hours ago can get the green candle, but unfortunately, the price is back to the lower price, and now, the price reaches $17,800, so I wonder how deep bitcoin price will reach later. I hope that the price will not go down for more because some traders are panicking to see the red candle comes back to the market.

If I will base to orders then the 17000-16500 is possible in the next more hours or days it's depend on the pressure of selling. The only thing that is surprising is that they accompanied the xrp airdrop schedule which is a lot of hype happen and many participated with the free tokens.then tomorrow it will be sold down cheaply after they buy it at a high price and other than that you can only get free tokens in quarter 1 of 2020 and you need wait another two or three years before you can get these tokens in full.

I feel sorry to those who invest thinking that it will give them good profit.

ethereumhunter

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Quote from: Akiko on December 11, 2020, 02:58:16 AM

Quote from: Janation on December 11, 2020, 12:34:26 AM

Quote from: ?? on ??

Bitcoin resistance is now at $ 19700, indeed $ 20k must be passed,
because the all time high bitcoin in 2017 was at $ 20k, but I'm sure if $ 19700 can be passed then $ 20k can be reached easily,
hopefully the Bitcoin price can stay on support

It seems the resistance is high.

The price right now is at $17.9K, it slipped from $18K to this price that we have right now. We can't still break the resistance and the price might just stay and just go back and forth at $17K and $18K. Maybe it is still too early to say that we will be having another ATH this year. There might be a huge adoption that would happen next year so let's just wait for it.

It will be hard time for BTC to break it , it look like we will have a red market for this month if the trend will continue . It's a good time for others that want to enter Bitcoin market at lower price I'm still hoping but we need to accept the hard truth that it may be hard for BTC right now maybe next year in Q1 of 2021 .

Yes, it is. It seems we need to satisfy if bitcoin can not break $20k this month. But don't worry because bitcoin will break it in the next year. Bitcoin price in a few hours ago can get the green candle, but unfortunately, the price is back to the lower price, and now, the price reaches $17,800, so I wonder how deep bitcoin price will reach later. I hope that the price will not go down for more because some traders are panicking to see the red candle comes back to the market.

WalkerIVIV

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Quote from: Cryptoababe on December 09, 2020, 01:19:48 PM

The Resistance of Btc at 20k is very strong.. I once watched btc at 19960 and I was expecting 20k. Suddenly, I saw reverse.
But all these won't make me move to another coin.

Despite the strong resistance that faced by bitcoin but we can't deny that bitcoin has a very strong support too. Some major companies started to buy more and more coins from the market. Mtgox will be the only reason why we must be careful with the bitcoin market. The 20k resistance will not be broken this year, It may take another time for bitcoin to surpass it.
Im also still holding my btc but im feeling worry about the mtgox distribution.

Akiko

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Quote from: Janation on December 11, 2020, 12:34:26 AM

Quote from: ?? on ??

Bitcoin resistance is now at $ 19700, indeed $ 20k must be passed,
because the all time high bitcoin in 2017 was at $ 20k, but I'm sure if $ 19700 can be passed then $ 20k can be reached easily,
hopefully the Bitcoin price can stay on support

It seems the resistance is high.

The price right now is at $17.9K, it slipped from $18K to this price that we have right now. We can't still break the resistance and the price might just stay and just go back and forth at $17K and $18K. Maybe it is still too early to say that we will be having another ATH this year. There might be a huge adoption that would happen next year so let's just wait for it.

It will be hard time for BTC to break it , it look like we will have a red market for this month if the trend will continue . It's a good time for others that want to enter Bitcoin market at lower price I'm still hoping but we need to accept the hard truth that it may be hard for BTC right now maybe next year in Q1 of 2021 .

Janation

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Quote from: ?? on ??

Bitcoin resistance is now at $ 19700, indeed $ 20k must be passed,
because the all time high bitcoin in 2017 was at $ 20k, but I'm sure if $ 19700 can be passed then $ 20k can be reached easily,
hopefully the Bitcoin price can stay on support

It seems the resistance is high.

The price right now is at $17.9K, it slipped from $18K to this price that we have right now. We can't still break the resistance and the price might just stay and just go back and forth at $17K and $18K. Maybe it is still too early to say that we will be having another ATH this year. There might be a huge adoption that would happen next year so let's just wait for it.

Cryptoababe

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The Resistance of Btc at 20k is very strong.. I once watched btc at 19960 and I was expecting 20k. Suddenly, I saw reverse.
But all these won't make me move to another coin.

ice098

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Quote from: ?? on ??

Bitcoin resistance is now at $ 19700, indeed $ 20k must be passed,
because the all time high bitcoin in 2017 was at $ 20k, but I'm sure if $ 19700 can be passed then $ 20k can be reached easily,
hopefully the Bitcoin price can stay on support

Bitcoin is at 18k++ from what I saw earlier, i think there will be a price correction before it will go as high as 20k, the support aren't big enough for it to go this week to 20k, we need a big support or wall so that bitcoin will not fall to 17k-17,500 but for now, this is the right time to buy and to accumulate more so I suggest to buy bitcoin or altcoins if you have enough money , and then wait for Q1 next year.

X-ray

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Quote from: ?? on ??

Bitcoin resistance is now at $ 19700, indeed $ 20k must be passed,
because the all time high bitcoin in 2017 was at $ 20k, but I'm sure if $ 19700 can be passed then $ 20k can be reached easily,
hopefully the Bitcoin price can stay on support

It's too difficult for bitcoin to surpass 19k resistance to break 20k
There's a lot of sell order son the 20k rate. That means bitcoin must have needed to put more effort break it. 20k can't be reached easily without the help from the institutional investors.
Even the whales are not willing to load a lot of bitcoin on 20k rate. There must be a good news to force people to buy more and more bitcoin as much as they can do join in FOMO.

Boov

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Quote from: boyptc on December 08, 2020, 02:21:01 AM

Quote from: thichtieuthuong on December 07, 2020, 11:26:23 AM

Too many people are hoping for a new price that Bitcoin will reach after 3 years of silence. I will keep Bitcoin. Because in my sense, the world is covid 19 epidemic. so Bitcoin can make a difference when the global economy goes down. Bitcoin will probably go beyond $20,000.

It's not only you that thinks like that.

Many investors and holders are too positive and hoping that it will break $20k very soon. And you know what? the predictions are way beyond $20k and that's exciting and at the same time scary too.

Scary because it makes everyone greedy.

Don't be scare on this current situation, greedy people was unstoppable this time because it's already an attitude and we can't prevent that to happen. If we're already learned that lesson, then final decision will be a stop or a continuation of our investments. Very simple idea can avoid any pressures that might make us too emotional on the current market scenario of btc.

Topic: Heavy BTC resistance at $20k - page 2. (Read 1304 times)