Bitcoin price suddenly drops 11% as whales move BTC to exchanges

[newshunter]

Bitcoin price suddenly drops 11% as whales move BTC to exchanges

A Bitcoin price correction to $17,250 fulfills analysts’ expectations as a $20,000 all-time high proves difficult to overcome.

Source: Bitcoin price suddenly drops 11% as whales move BTC to exchanges

Would appreciate your opinion about this

[bigcash2011]

I think to break the price tag of 20k btc still needs more bullish momentum and im hopeful it will come soon as the trend has been changed to bullish now so im sure in second try btc will break resistance and we will see new all time high prices.

[lepbagong]

maybe to break through $ 20K is just a matter of time, but whether it will happen this year, or maybe it will happen next year. If you look at this time it looks like it could happen this year, but the possibility of bitcoin going down again is also very potential. because the criteria used by bitcoin now are very different, it can quickly change the price both down and up.

[TomPluz]

This is quite expected as there can be a huge volume of Bitcoin being converted to other forms as a way to make some good profits. Actually, this is the reason. Sometimes always the reason why Bitcoin is getting hard to eventually go beyond the established psychological barrier -- $20K this time. Soon, this will however be the thing of the past and hopefully soon we will be talking about the $25K and $30K zones.

[lepbagong]

This is quite expected as there can be a huge volume of Bitcoin being converted to other forms as a way to make some good profits. Actually, this is the reason. Sometimes always the reason why Bitcoin is getting hard to eventually go beyond the established psychological barrier -- $20K this time. Soon, this will however be the thing of the past and hopefully soon we will be talking about the $25K and $30K zones.

Before we talk about the zone you want at $ 25K and $ 30K, then we have to look at this until now, bitcoin movements are still uncertain and unpredictable. even to be able to break the $ 20K may not happen this year, maybe even go down again.
because the prediction of a big increase is next year and it must be remembered that the beginning of the year is crucial usually bitcoin will experience a downward correction.

We are waiting for the best news and hopefully what you want can come true and we must be straightforward now that bitcoin is difficult to predict and all possibilities can happen.

[Bobcrypto]

The bull market is still very active, and I think bitcoin qill create a new records which seems inevitable as far as price has been experiencing quick recovering from a pull backs. Bitcoin has touched $19889 and it's just matter of the it will hit $20k to beat the previous all the high record of  the 2017. Hoping bitcoin top $20k before December 31,2020.