For me, it's impossible for Bitcoin to create a new all-time-high this year after its rejection at around $19,000+ few days ago.
I am not negative on Bitcoin, I am just telling on what I can see on the chart.
I hope this correction will not go deep and will not last long.
Ok lets not panic now and kill all the hopes we had for 2020 of bitcoin crossing it's previous highs. I'm of the thought if we can't reach the milestone this year, it'll be hard for greater highs to come by in 2021 since the optimism in the community will die off as people will begin to doubt the potential of bitcoin. The success of 2021 in regards to bitcoin Price appreciation totally rely on how positive we end 2020.
All hopes aren't lost yet, I still believe we can reach new highs in 2020, we have atleast four weeks left and that's a big timeframe for bitcoin to once again prove it's capable of achieving new milestone anything the majority thinks otherwise. Remember during a bullrun there's always a healthy pullback that occurs before the next leg of continuous upwards movement. We might have just experience that with this correction, we can see there's a very strong support as buyers are joining the industry daily.