Quote from: eaLiTy on Today at 09:03:03 PM

Quote from: exstasie on Today at 08:31:31 PM

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

If that is the real scenario then it would be cool as many were planning to invest but the pandemic forced to change the plans and if there is a major shakeout then everyone who missed out earlier would be able to invest. I am also expecting a good correction before we see the price reaching new levels but whenever there is a correction there are huge investment coming in and hence not sure how the market will perform by the end of this year.

Yes, the push to $20k was very fast and very early, I remember a poll, the majority thinks that the price will be somewhat around $16k at the end of the year. So this is an expected growth in the last month or so pushing it to $20k. So we were caught unprepared on this unprecedented run that's why the selling pressure is huge and seen it goes down to $16k. But it didn't stop their though, the run continues again.

But as I have said, selling pressure, the somewhat stabilised in the $19k region. So a $20k++ will likely to be breach again Q1.