Heavy BTC resistance at $20k - page 4.

Akiko

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Quote from: Mejoress on December 05, 2020, 11:34:29 AM

Every index is breaking resistances, and i think Btc will also break them, my prediction is $25K in no more than 2 months.

It's possible in long run but currently this week it's not the resistance is very strong compare to support . I expect a price dump in the first day of this week it may recover back again with good condition to break those wall before 20k price but right now expect a dump that will happen in he next more hours or days. I am just waiting and setting my orders so I can grab some grab cheaper BTC price.

bearexin

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Quote from: Sebas.tian on December 05, 2020, 06:14:17 AM

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

Another year? Are you kidding me, we are at around $19k right now and only 10% away from breaking well over any resistance and to be honest 10% is nothing in the crypto world that we should fear about.

I feel like we have a chance to actually take that $20k and be over it very soon, probably in December without waiting to be in 2021. However there is a good chance it could wait as well like you said, but not a year nonetheless, I fear that this could be something that will happen quicker than that, probably around late spring or early summer if we were to be too late for it.

This is why I am going to actually keep investing into bitcoin even to this day, because I know that without waiting for too long, I am going to make a profit. Even today someone who invest could make 10%+ profit in under 6 months which is still good for traditional markets.

Mejoress

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Every index is breaking resistances, and i think Btc will also break them, my prediction is $25K in no more than 2 months.

pawanjain

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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 don't think so because BTC has been rolling in this zone ($18.5k - $19.5k) since a long time now and if it were to dump heavily then it would have already done so.
We saw a minor correction in bitcoin's price recently and may be that is why we are seeing a good support at $18.5k.
I am having high hopes that bitcoin will soon cross the ATH and most probably before the end of this year.
I won't say your strategy is wrong because it's good to have a backup plan. Besides that you are only liquidating partially so you should still be good with your portfolio.

TradingBull.io

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The 20k resistance level was expected an not surprising.

Lot of people whom got BTC bellow 10k may be tempted to exit here, why there is some hesitation at this price level (also considering it is a ATH).

There is still a lot of traction on Bitcoin though, the resistance seems holding quite fine.

Let's see in a couple day if it is correcting at $16k or trying the ATH again.

XCANA

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Quote from: ?? on ??

Quote from: Sebas.tian on December 05, 2020, 06:14:17 AM

Quote from: MCobian on December 04, 2020, 06:33:09 PM

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

I think most investors today are excited about the incoming bull run but if it will not break its ATH this year, probably they will divert their attention into investing some of the top altcoins which also have potentials that they will be bullish the following year. But hopefully, bitcoin will continue in surging high after this price correction that is happening now.

That's a good one, Bitcoin has been bullish in the last quarters of this year 2020 and the price market is likely to end on a golden note. Investors are still much pretty in-love with Bitcoin price at the moment becasue of the resistance lowest at $18k which gave us good hope of the price not falling below profit level since the last quarter came with bullish. Bitcoin can do wonders and we shouldn't ruin out the fact that Bitcoin has the powers to retest another new height in terms of price.

Janation

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Quote from: Innerpumper on December 04, 2020, 09:26:56 PM

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 have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

I've been also doing this but I am having some doubts.

I might make a mistake so I am having these doubt where to put my money. I've been waiting for Bitcoin's $20K+ but it seems it would not be happening this year. Ripple is having its fork so I am also putting some in there, other popular altcoins too so I hope BTC price could be higher.

Sebas.tian

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Quote from: MCobian on December 04, 2020, 06:33:09 PM

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

We should probably wait for another year for this resistance at $20k to be overcome, Bitcoin has tried to move beyond the price mentioned above several times and whenever it climbed to $19.8k or $19.6k the price dumped quickly as there are more selling pressure at that level. Though we had some good correction in regard to Bitcoin price and hope that the next bullish thread of Bitcoin brought us into the $20k+ zone after the 1qauter of 2021.

ultrloa

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Quote from: chip1994 on December 05, 2020, 03:41:46 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?

This is really not a good strategy to buy top altcoins now. Bitcoin is really struggling to get past the $ 20k price point and it is likely to face a sharp correction in the coming days. And you know, if you buy the top altcoins now, the discount will be even stronger than Bitcoin.
If you are unsure of an upcoming bull run then it's best to just hold USDT and wait for the price of the altcoins to be low and buy it. The market is very unpredictable right now and now the risks are very high, be careful.

If you prefer to hold it for long time then the top coins is not good on you since possibly you will get inpatient on the movements and get panic with the certain dump then sold your coins at lost. But if you are a day trader then the top coins are the best selection since they are doing a healthy market movement and the volatility is so profitable right now.

chip1994

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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?

This is really not a good strategy to buy top altcoins now. Bitcoin is really struggling to get past the $ 20k price point and it is likely to face a sharp correction in the coming days. And you know, if you buy the top altcoins now, the discount will be even stronger than Bitcoin.
If you are unsure of an upcoming bull run then it's best to just hold USDT and wait for the price of the altcoins to be low and buy it. The market is very unpredictable right now and now the risks are very high, be careful.

Lhaine

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Quote from: MCobian on December 04, 2020, 06:33:09 PM

Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

I check binance order today and yeah the resistance above 19500 to 20k still strong so ithink it's not yet possible to break that 20k$ for this week what ever they do in the market, maybe last day of this month or early days of January I am still positive that we can break that but it takes time for that to happen and possible price for now is around 18000-19400$ for the whole week.

Quote from: Innerpumper on December 04, 2020, 09:26:56 PM

I have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

Not good decision to make did ever check what happen to altcoin price every time there is a drop in price of BTC ?

lixer

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It is not about resistance but it is about the willingness of people to go beyond it. If there is a small resistance, or even no resistance at all at a price but people do not want to go beyond that because everyone is in bear mode and selling all they have, they will definitely end up selling and dropping the price, we will not be breaking over the tiny small resistance just because we are going down and not even trying to break it.

Whereas if people want to break a resistance, and we all get together and try to break it, no matter how big or giant that wall looks, we will be capable of breaking it and going above that. Hence I think it is quite important that we focus on what people want and not where the resistance and support lines are because in the end what people wants will be done.

Innerpumper

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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 have the same opinion. I think bitcoin is currently having a stable period and it's time for the altcoin to move on month, investing most of the bitcoins into a few coins at the moment is a great option to get more profit.

shinratensei_

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Quote from: ?? on ??

according to Coinmarketcap the ATH bitcoin is at $ 20,089 and now it is heavy resistance,
the target should be at $ 20100 if you want the price of bitcoin to break resistance,
even though now the price of bitcoin is already at $ 19k, less $ 1000 will go to $ 20k, seems very difficult.

The market is still wanna try to building more support. Bitcoin's price is always stay at 18k - 19k range. The 20k resistance looks very strong at this moment. It's quite difficult for bitcoin to break it.
Bitcoin needs more institutional investors to make the price will be able to break 20k resistance.

Bitcoin has tried that a few times but it's not yet able to break 20k rate.
I hope there will be more penetration from the institutional investors.

MCobian

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Very strong resistance at $ 20,000. Because several times Bitcoin tried surpassing the price at $ 20,000 failed. Even now
the Bitcoin price is back correcting below the price of $ 19,000. But I am still optimistic that Bitcoin will pass the resistance
price of $ 20,000 by the end of this year. Therefore Bitcoin has undergone several corrections to be able to gather investors
who are able to make Bitcoin past the price of $ 20,000.

Bitcoin_Arena

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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.

That is expected, I am actually not surprised by the recent turn of events

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

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?

The alts are not much better option. Should bitcoin price correct, their price will also drop. It's like they are first waiting for Bitcoin price to make the move. Currently, Bitcoin is the only coin among the top coins that is closest to its all-time high. ETH is miles away and so are the likes of XRP and cardano and the truth is that they won't move past the level they are right now unless Bitcoin breaks through 20K

usekevin

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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?

Actually it's not a real so. But i agreed it happened at the time of 2017, the price of bitcoin not reached 20k$.Again it back to 17, 000$ last time and now. When the price of bitcoin back to normal or lesser value, just converted the coin to usdt. Then the value you have holding will not reduced further. It can be done by analysis of live market analysis.

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Quote from: LUCKMCFLY on December 04, 2020, 03:08:01 PM

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?

$ 20k is a psychological value, many times when it reaches almost the suddenly low value, but it is because many want it to arrive and the same emotion produces the NO-BUY out of panic, some see it as an opportunity, others wait to sell, but when it reaches $ 20k it will quickly surpass it, generating new highs, obviously when this happens the high season will come, the whole market will be green.

There's really a strong resistance into this level and we've been trying out or testing it for how many times and the price do really bump down once we are reaching or near level to that price.
Theres no guarantee about on breaking it will be having some corresponding price increase afterwards because it might be neither able to break 20k and go to 21k and then drops.
No one really knows thats why we should really be wise on making out some actions for our own advantage or benefit. Theres indeed a heavy resistance on 20k
and if that do continue to happen to have some ups and downs between from 17-20k then that will be a sweet spot to make money in shorter duration.

LUCKMCFLY

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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?

$ 20k is a psychological value, many times when it reaches almost the suddenly low value, but it is because many want it to arrive and the same emotion produces the NO-BUY out of panic, some see it as an opportunity, others wait to sell, but when it reaches $ 20k it will quickly surpass it, generating new highs, obviously when this happens the high season will come, the whole market will be green.

lepbagong

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Quote from: xZork on December 04, 2020, 11:47:04 AM

I think bitcoin will surpass $ 20,000 by the end of this year or early next year, so holding bitcoin is still a good investment.
However, the rule when investing in the cryptocurrency market is not to put all your eggs in one basket, so it is best for people to split their investments.

maybe I am a little different even though the potential is very real, but I actually believe that $ 20K will not happen this year but will happen next year and not at the beginning of the month which is usually a correction that occurs by bitcoin. but the most important thing is that it will happen and a matter of time.

very wise advice from our friend that do not make investments in just one, but if it can be divided into several that are very potential and must be remembered that there are many potential and equally profitable.

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