I think if it touches 20k or hovers around that range it allows a lot of people who bought in at ATH to get out, and I am sure there are quite a few who have HODL'd till then who would want to sell.
Additionally ATH as a physiological barrier makes people feel the market has topped out and they don't want to push their luck waiting for higher so I think there will be a pull back until those sellers are burned out
Nothing goes up in a straight line, at least this is what I hope, I need to buy in cheaper lol these nosebleed prices are killing my daily buy ins
Posted Using LeoFinance Beta
Though no two cycles are exactly the same, we did experience a correction when the price reached the previous ATH of around $600 but then after that it was parabolic. Bitcoin seems to hodl muscle and then just unleash it on an unsuspecting market. We wait and see...
Posted Using LeoFinance Beta