About two weeks ago, I wrote an article in which I spoke about my success in expecting the price of Bitcoin to reach $ 20,000 in another article I wrote more than two months ago.
My last article was titled:
As I expected two months ago, Bitcoin is on its way to $ 20,000... What next?
At the time of writing the second article, the price of Bitcoin had not yet reached $ 20,000, and I expected the time when the price of the magic currency Bitcoin would reach $ 20,000.
When will the price of Bitcoin reach $ 20,000... according to my expectation?!
I expected the price to reach this number within a week... And I said the following text:
"But my personal expectation is that this will happen within a maximum of a week, even if the price suddenly falls - as it happened before and it always happens - for a day or several days!"
I expected - as you can see - that the price will reach $ 20,000 within a week as a maximum .. and I said that the price will suddenly decrease for a day or more... The second half of my expectation has been fulfilled as the price suddenly decreased and continued so for more than a day... As for the first half, My expectation did not come true as I expected...
I expected Bitcoin to reach $ 20,000 in one week... but that happened after two weeks!
Another historic day for Bitcoin's price
Yesterday, Wednesday, December 16, 2020, another historic day!
Bitcoin has broken the $ 20,000 barrier to witness another historic day for Bitcoin's price after the first day we witnessed on December 17, 2017, when the Bitcoin price reached $ 20089 ... but it declined sharply after that and for a long time!
This time, it appears that the bullish wave of Bitcoin is more intense and steeper than the one that occurred in 2017.
If we follow the price and its accelerating escalation, we will be able to confirm this theory... After breaking the difficult number of $ 20,000, the price reached 20,630 dollars, then this number was broken to reach 20643, then 20664, then 20675, then 20707, then 20,836, and the escalation remained until it reached the highest price On this historic day, to break the $ 20,000 and jump to 21458, the highest number for yesterday, but then retreated slightly to close at $ 21310.
Record unprecedented in Bitcoin history
It was clear yesterday that the bullish wave is pushing strongly to the top and will not calm down until it hits an unprecedented record in Bitcoin's history.
It was clear that the $ 22,000 barrier would be easily broken... Bitcoin achieved this quickly, as it reached the highest price of the magic coin to $ 23,642!
Could the price reach $ 100,000 ?!
Was anyone imagining this number?
When I expected to reach $ 20,000 about two and a half months ago, all expectations were heading to $ 16,000.
Here, I must clarify what I am expecting as an ordinary person... As for those who expected 16,000, they are analysts and senior experts, whom I cannot compare myself to because I am a writer passionate about cryptocurrencies and I am not an expert or analyst for them...
The ambition of some experts and analysts has reached the point of expecting the price of Bitcoin to reach $ 100,000 in 2020, which is an absurd number that I do not think the currency will ever reach.
This is just fantasy or wishes that can only come true in the realm of fantasy or wishful thinking!
Where will the bullish Bitcoin wave anchor ?! this is the question!!
The important question now: Where will the bullish Bitcoin wave settle? Or in other words: What is the number at which the upward wave of the Bitcoin price can stop ?!
My personal expectation is that the price will start to decline after this unprecedented peak.
It may touch $ 24,000 through a new high wave ... but it will start to decline sharply after that.
It is natural for a sharp rise to be followed by a sharp decline as well.
This happened last period, and the price of Bitcoin did not reach $ 20,000 except with difficulty and a rise, followed by a decline, then rise and fall... Even some observers were describing the decline of Bitcoin as a fall or collapse!
Reaching $ 24,000 seems easy in the eyes of many, by following the huge bullish wave that began yesterday...
But staying in this exceptional space will be difficult if we take into account a new - inevitable - round of profit-taking, follow by a wave of fears of a sharp decline in the price of Bitcoin as happened in 2017 ... those bad memories that will not be easily erased from the minds of Bitcoin fans!
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Cover image source: pixabay
I hope btc will crash again so i can buy cheap😎