Figure of speech
The word easily in my title is maybe a bit too simplistic. But it a figure of speech.
For the second time in less than a week, Bitcoin is testing it's all time highs. We're not just there yet, but close. And that means a lot. When Bitcoin hit 19800 USD at the end of 2017, it didn't stay there for a long time. In fact, it dropped quite easily to 17k, 16k, and then lower in 2018. But now we hit 19k last week, we had a retracement and now it is back at 19250 USD. This is showing strength, lots of strength. And it also shows that the barrier of 20000,00 USD is about to get smashed. And when that happens, I think it could very well go to 25k in a few weeks. The psychological barrier of 20k is a strong one, but once it gets broken, a whole new era is set. And all hell can break loose then. Because of the media that will jump on it, once again, new "dumb" money flowing in, etc...
So, the question is not, will it happen? But more, when will it happen?
I'm curious, you too?
Sincerely,
Pele23
Good read on the day we are observing All Time Highs being tested and even broken despite not climbing to the highs of $20,000 on exchanges like Binance. I wouldn't be surprised to see a bit less of volatility in the first weeks of December and consolidations within the 17,000 - 18,000 areas before a jump towards your targets
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I gave it less than seven days to break $20k, or else I invited everyone on twitter to block me :)
I agree with you that once it does that, $25k is quite easily achievable.
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