Quote from: Bitcoin_Arena on December 13, 2020, 11:00:18 PM

Quote from: globalcitizen on December 13, 2020, 08:52:38 PM

It had always retraced anytime it reaches $19K plus.

What do you think is the reason?

The Answer is very simple. The $20K region is now considered a major resistance region and breaking through it will be a major milestone in Bitcoins Price history. If you expected Bitcoin to continuously rise all the way from $10K and just breakthrough the $20K price minus any corrections, then you were totally wrong. That's not how the market works.

There will always be retractions until the buying power is strong enough to push past the resistance region.
IMO, I never even expected Bitcoin to get so close to $20k this year. I think things will be greater next year.

Indeed,we cannot say that we cannot see the bitcoin right away, it doesn't absolutely. We can see that bitcoin always have its dips , price correction yes right more sideways to come before it will reach 20k, it is not easy to go to that price but it will be soon of we can see some large support and resistance that will make bitcoin to that price soon.