Quote from: smyslov on Today at 04:13:52 AM

Quote from: DougM on November 26, 2020, 10:53:44 PM

It looks like ATH was like touching the third rail Shocked

...as soon as it touched it a major pull back followed, but I suspect that will be short lived and it will retest ATH before the end of the year.

https://cointelegraph.com/news/bitcoin-s-price-correction-may-not-be-over-on-chain-data-analysts-warn

Quote

Ki Young Ju, the CEO of CryptoQuant, said that more corrections might come in the short term. The All Exchanges Inflow Mean indicator, for instance, is still hovering at a high level, suggesting that there is still a lot of selling pressure in the market. He said:

“More $BTC corrections might come. All Exchanges Inflow Mean (144-block MA) remains still high. In my opinion, we’ll face some corrections/sideways this week and it will break $20k by December this year. I’ll stack some sats a few days after.”

In the near term, the key support for Bitcoin is found at $16,000. Below it, the next major support areas to watch are $14,000 and $13,500.

That's what exactly is happening right now, after a big pump there is a correction and the price is moving up again, it's like one step backward and two steps forward, there's a big possibility that the price will eventually reach the $19 k mark and from there it will slowly move up in preparation for the all time high, let's see if this is correct, the market is very much ready for an all time high again.

Or it could be not, we will know if it will have a new ATH this year if it will be bullish by next month, just like in 2017, December was the most bullish month so if it's the same scenario in 2017, then I think we should start celebrating now.