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?
The main reason is people sell their cryptos when it reaches to 19k. It dips to 17k and they begin to buy bitcoin and the price increase massively to 18-19k. Traders do not want to risk their fund for the next thousand dollars I guess. It reached 19900 ATH but it is hard to reach 20k.