After hitting 19.5k $, Bitcoin suddenly dumped below 17k instead of targeting for 20k $. Do you think guys will Bitcoin reach 20k $ in 2021? Or will it stay below 17k $ like as always?
This is just a shakeout. And since the market has been ranging the last two days (rather than selling off) I'm not even confident it'll get any deeper yet. Need to see how price reacts to the $18K area. A stiff rejection in the 0.5-0.618 retracement area off that resistance could trigger another a leg lower. If on the other hand we keep floating up through the $18,000s then I'm inclined to think this was just a short-lived bear trap.
Bitcoin is definitely going to reach a new ATH
by 2021. This year is still possible too.