Over the past 24 hours, despite the promising price movement of Bitcoin from low $6,500 to $6,600, BTC has fallen back down below the $6,600 mark.
Yeah, so the market is basically flat right now. It's almost like watching the silver market fluctuate around $14.50 or so. Some days you get a gain of 1% or so, other days there can be less--there's not much to be said about silver or bitcoin right now, because neither is moving in any direction (at least short-term).
Do you think Bitcoin will be restored to $20,000 last year?
You mean
next year? It certainly is possible, and I'm hoping so. However, you have to be careful when you listen to people talk about their predictions. Nobody can tell you with a straight face that bitcoin is going to be at $20k next year, or even when it'll break out of the range it's been trading in for the past few months. I've long been skeptical about technical analysis, since it seems like TA people are looking to the past to predict the future, and for the most part that isn't rational. Plus they don't seem to be the ones who make money (at least in the stock market).