I've been wondering why it hasn't been possible for Bitcoin to hit $20k this year despite its ability to sometimes gain more than $1k within days.
It had always retraced anytime it reaches $19K plus.
What do you think is the reason?
It had always retraced anytime it reaches $19K plus.
What do you think is the reason?
source: dailyfx.com
We cannot rush it this way because there are lots of tendencies to push it even more than that. Right now, we never have seen such a price where it holds at that high for a long time in the market. We will by the end of this year if the price still holds at $19,000+ in the market, then $20k would be possible at a higher percentage because when investors see that the price won't budge at that high, they will flock to buy more bitcoins in the future.