Bitcoin today has broken important resistance to the upside

[wassim19 645]

Yes, Bitcoin has risen and is now on an ascending path interspersed with some natural corrections, and then each time it forms a top higher than its leg and a lower lower than the bottom of the price, now it has reached 16,600 dollars and is heading to 17,400 dollars and we hope that it will continue to rise and reach more than 20000 dollars

[Goyaa 2414]

Many people do not expect bitcoin to rise, after 2019 the price of bitcoin has decreased and there has been no significant increase. However bitcoin has broken through its resistance and proved that bitcoin is the best. Until now, improvements have continued and there are no signs of deterioration.

[duncun007 3577]

On 11/16/2020 at 12:31 PM, Brushless4500KV said:

Going from $15K to $16K seemed much easier than rising from $16K to $17K. As it appears, after lots of struggle, bitcoin has not managed to reach higher than $16.300 which is $700 short of the next target. One reason is that sellers are acting so strong against any price increase above $16.000 resistance level. They sell so fast that they don't let it go higher. The second reason is that most traders seem to be happy with current price and they don't buy in large amounts maybe because they believe it won't get any further.

i think bitcoin went above 17,000 just to liquidate those who shorted it, because i really dont think there is anything driving us up to go above 18k, buying at this high price will mean we will have to wait another few months because we will go down for a correction soon.

[Brandonsaw 1973]

Bitcoin has risen rapidly in price but I think it will fall again although everything is possible that it will not fall again and only start to grow more and more its price or have many falls and rises the best thing would be that only its price would grow and continue  growing and that its volume is never lowered.

[P A Ashif 2409]

Now in November the price of Bitcoin so much risen that it seems its going to be a big bull run and it's going to cross it's all time high. I suspect that this run is going to big. Actually some experts says that the reason for this rise is the Us election. And I think there is certainly an affect of it. As any political events in world defines affects the crypto. And this is Us political election.

[Jromz 2158]

Bitcoin  continues its bull run but has shown less volatility in the last couple of days, and also signs of indecision in the market, such as a couple of Doji candlesticks. It now looks that Bitcoin could start a consolidation face that could either bring about the continue of its bull run or a possible correction. 

[Barbarellah 2225]

This year there have been several factors that have influenced the rise in the prices of Bitcoin and the main one has been the corresponding reduction by half (Halving) carried out every four years and which corresponded to fulfill in this 2020. On the other hand, the The appearance of the pandemic led many people who remained without employment to use cryptocurrencies as a new option for producing money, as well as many investors made the decision to make important investments in Bitcoin, other events such as the adoption of cryptocurrencies by PayPal and also by some governments and banks that are adjusting to the adoption process. This leads us to assure that the upward trend will continue with a view to breaking with its highest historical maximum corresponding to December 2017.

[zhoutong 2188]

On 11/19/2020 at 8:54 PM, Jane721June said:

In my understanding, btc don't have any broken important resistance to the upside, because liquidity of btc nowadays very great and dominance both with it very great, so in some time will be huge increase and all crypto market will make new records

Bitcoin has broken resistance at 12k and 15k and I don't know why there was resistance at 19k but it will break above this level too and make a new all time high perhaps this week. Starting Monday we will see how many days are left for the break of the three year old all time high.

[cryptovlek 2597]

The last year was a rollercoster for Bitcoin. 2020 started the same and until the coronavirus dip we were doing ok because of the halving. After that Bitcoin is on different course. It broke every major resistance except one. It is expected to keep rising and maybe in a few days we will have a significant event, one that all of us were hoping for when we first bought Bitcoin.

[wassim19 645]

Indeed, the price of Bitcoin has improved well recently and has become on an upward path after it was declining, and now it is on a continuous escalation, and the price has reached approximately 1900 dollars.

[jackycrypto485 1055]

Yes, this is what actually happened, the price of Bitcoin rose in the last period very significantly and the rest of the other currencies in the market followed it, despite the decline that occurred in the past few days, the trend has returned to the upside again and it is expected that Bitcoin will continue to rise towards new highs from this time Until the end of the year.

[ShiNorton 906]

Few Billion dollars were lost in Bitcoin trading volume in recent weeks but BTC price is at good position. I think $16500 is a good resistance for Bitcoin now. Bitcoin price can increase & many traders are believing that price can actually increase in the markets. 

[Farukatie 1271]

Yes Bitcoin breaks all its barriers in 2020 and reaches at the highest rate and nowadays it touches $29,000 and I think that it will rise more and more and in 2021 it may touches $40000 plus.

[Samotokika 1780]

On 1/15/2020 at 3:05 AM, Maxtron73 said:

Yes bitcoin is rallying strong after confirming to break current downtrend from last summer. This will surely propel prices higher. There are high volumes and strong buying power. 

Yes dude as more people are showing their interest in cryoto currencies and using them so Bitcoin price is becoming higher and higher day by day and today its price is much more higher than in the last year so it will become more popular in the nearby future.

[Labozhii 413]

14 hours ago, TheMonster said:

its price is too high and in future it will give a very good profit dude.

Just the way we see the price is on the rise because the coin is promising one and I believe anyone who is oppotuned to invest on the likes of bitcoin, ethereum, litecoin and xrp will surely make it in cryptoworld as long as that person will be patient with the market.

[Projectcrypto 4382]

On 11/29/2020 at 7:01 AM, ShiNorton said:

Few Billion dollars were lost in Bitcoin trading volume in recent weeks but BTC price is at good position. I think $16500 is a good resistance for Bitcoin now. Bitcoin price can increase & many traders are believing that price can actually increase in the markets. 

Bitcoin is for sure promising coin but we have to be watchful of the market now on because it has began to drop a bit by bit when I checked the price today and since we are in January p ice might drop so we should be careful to avoid lose.

[ShiNorton 906]

29 minutes ago, Projectcrypto said:

Bitcoin is for sure promising coin but we have to be watchful of the market now on because it has began to drop a bit by bit when I checked the price today and since we are in January p ice might drop so we should be careful to avoid lose.

Thanks for replying to my comment sir. Yeah Bitcoin has recently made spectacular growth in the markets. Today I see bitcoin price dropping in huge amounts. I think more than $3K value from its price was dropped in very short duration so we should be careful to the markets. 

[Naseer Ahmad78 721]

The popularity of bit coin is increasing significantly, due to which a lot of people are joining, you have a business platform, here the price keeps getting more or less.We expect bitcoin to reach $ 40,000 limit in coming days soon.

[Syriana 350]

All expectations indicate that this growth is natural and will continue more and more and will break all borders and graphic plans, so we have to work harder to earn more Bitcoin and collect it for the future because I think it will rise much more.

[Fixfin 2569]

Bitcoin last year in January didn't give a very convincing sign of a bull run, in fact after two months it dropped a lot and only then there was a reaction that started with the negative outlook of the dollar after the covid and the QE announced by the american government, this was the spark that ignited the Bitcoin engines and many jumped on board at the very low prices given to us last year.

[Oki 675]

The price of bitcoin did increase in early January 2020, this is the first time the price of bitcoin has risen after 2019 which was filled with a bear market. Bitcoin broke its resistance, people did not think that the price of bitcoin was as high as it is now and made history with the highest price this year. I still want to see the bitcoin price go up in 2021.

[Zeshan7736087 287]

Even in January 2021, the start is brilliantly taken by bitcoin by improving its price for 6000$ almost in only 3 days. Hope this year dont see a big downfall like what happened in 2020.

[Mir Hamza 2888]

As we can see that for the last several days, the price of bitcoin was increasing very rapidly. As we have seen, the price of one bitcoin was more than $ 34000. But then that resistance breaking of bitcoin price rise and now bitcoin has started in decreasing. As we have seen now, the price of bitcoin has dropped to $ 30000. And of course, that relationship of growing rapidly has stopped to a great extent now. 

[Cleaner 2549]

22 hours ago, Projectcrypto said:

Bitcoin is for sure promising coin but we have to be watchful of the market now on because it has began to drop a bit by bit when I checked the price today and since we are in January p ice might drop so we should be careful to avoid lose.

Bitcoin is the best currency of crypto coins.  Its price gradually goes up and down.  So those who trade with Bitcoin must keep an eye on the Bitcoin market.  Bitcoin's market is now dumped.  However, the price of Bitcoin may pump again.  So we have to focus on the market of Bitcoin to trade

[Bruno52 1141]

I agree with you and that is why we are seeing very high values of bitcoin now and even more so, there are more people who are using bitcoin now due to the pandemic.