Quote from: mk4 on August 20, 2020, 06:36:47 AM

Quote from: SamCryptic013 on August 20, 2020, 06:03:37 AM

What you guys think?

No offense, but I think this is one of the most nonsense posts I've seen this month. "but I was think of BTC last ATH. Before it, price was below $11K" well obviously bitcoin needs to go past 11k to go to 20k, just as it needs to go past 10k to go back down to 3k. What's your point tho?

I'm interpreting it as He thinks bitcoin consolidates @11,000$ - 12,000$ mark before it reaches the all-time high which a bit correct if he really means that way.
On December 5, 2017, It starts to show a massive pump up to 17,000$ which one of the notable movements in Bitcoin history. Based on the current chart of BTC, It is almost the same impulse wave during 2017 that's why many analyst are predicting that we can reach all-time-high again.

BTC is rebounding everytime it hits the EMA15 line which is a good sign that we are still on the bullish trend.