Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.
That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.
I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.
This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.
Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.