{"id":134932,"date":"2020-12-16T20:05:30","date_gmt":"2020-12-16T17:05:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/all-bets-are-off-now-that-bitcoin-has-broken-20k-says-trader\/"},"modified":"2020-12-16T20:05:30","modified_gmt":"2020-12-16T17:05:30","slug":"all-bets-are-off-now-that-bitcoin-has-broken-20k-says-trader","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/all-bets-are-off-now-that-bitcoin-has-broken-20k-says-trader\/","title":{"rendered":"# “All bets are off” now that Bitcoin has broken $20k, says trader"},"content":{"rendered":"

“# “All bets are off” now that Bitcoin has broken $20k, says trader
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\nAfter toying with all-time price highs in recent weeks, Bitcoin\u00a0(BTC) finally crossed $20,000 for the first time on Dec. 16. The digital currency hovers around $20,800 at time of publication.\u00a0<\/p>\n

\u201cWe have been waiting for this moment for years, and now that $BTC #Bitcoin has finally broken 20k, all bets are off,\u201d Cheds, a crypto trader<\/a> and analyst on Twitter<\/a>, told Cointelegraph. \u201cWhat happ<\/a>ens next could make history,\u201d he said, adding:<\/p>\n

\u201cDo we blast to 30k? Or do we pull back to 14k and form a cup and handle, or something in between? One thing is for sure with this new breakout, $BTC #Bitcoin will be getting a lot more eyeballs!\u201d<\/p><\/blockquote>\n

Bitcoin has done quite well in 2020, despite the coin’s dramatic fall in March; the price\u00a0sank to $3,600 amid growing COVID-19 fears. From there, however, BTC carved out an uptrend, recovering faster than mainstream markets, taking it all the way to the levels seen today. <\/p>\n

\u201cI am over the moon to wake up to Bitcoin breaking $20k!\u201d CryptoWendyO, another crypto trader<\/a> and analyst on Twitter, told Cointelegraph. \u201cHowever, I’m traumatized from the prior bear market and still cautious as the atmosphere is extremely euphoric,\u201d she added. <\/p>\n

After Bitcoin\u2019s last major bull run, which ended with its 2017 high of $19,892, the asset fell into a multi-year bear market, floundering below $5,000 in late-2018 and early 2019. <\/p>\n

Looking to the future, CryptoWendyO sees $22,500 as a logical level from here. \u201c$22,500 is my next target as it\u2019s the middle area between fib 1 to fib 1.272,\u201d she said, referring to fibonacci price chart levels. \u201cI like to look at things conservatively and expect some action at that area before $25,000.\u201d<\/p>\n

All-time price highs, in theory, mean that every person who holds Bitcoin is in profit \u2014 as pointed out in a recent<\/a> tweet by Messari CEO Ryan Selkis. <\/p>\n

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It’s official: no one has ever lost money holding bitcoin.<\/p>\n

\u2014 Ryan Selkis Finance (@twobitidiot) December 16, 2020<\/a>\n<\/p><\/blockquote>\n