Quote from: KTChampions on February 16, 2020, 07:10:44 PM

Quote from: pixie85 on February 16, 2020, 05:36:14 PM

Quote from: jarhed on February 16, 2020, 05:10:53 PM

At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.

If it hits 20 thousand it will not stop there. 10 is a strong level of resistance that was hit and sometimes even overshot multiple times and the more we stay at a given level the stronger it becomes.
~

I think that the previous ATH (20k) will be the strongest level of resistance since everyone will be afraid of repeating the 2018 scenario. Plus, we should not forget about those who bought bitcoin at the maximum price and when the opportunity arises, they will sell it in order to return their money back.

People were saying the same thing after 1000 dollars. I read that it's never going to happen again because it was all fake pump made by Mtgox willy bot and that all those bagholders who bought at that level will be waiting to unload if we ever come near that level. The truth is that all 1000 dollar bagholders from 2013 were long gone when we hit that level again in 2016 and 1000 was no resistance at all.