The Market Should Expect a Big Crash after the $16,000 Pump

News • 2020/11/12 • by

There was a Bitcoin selloff, and this made the price of bitcoin increase. Traders have made lots of profit, and the $16,000 is a risky rate that might fall soon.

On Thursday, the BTC/USD trading pair couldn’t consolidate at $15,446, and the comparative demand for bitcoin still stayed high, which could make the price eye the $16,000 resistance level.

Major Signals

Bitcoin break might get to $16,700

A pseudonymous trader has said that bitcoin might see a big crash very soon

Big investors are preparing for the aftermath of the anticipated crash

There is a significant imbalance between open long and short, and the bitcoin liquidation might be massive. A similar incident happened in March, and the liquidation went down to $3,858. Bitcoin won’t keep rising forever, and the liquidation might be massive.

Most of the top asset firms and investors take the lead to hold more bitcoin to protect the envisaged low-interest result. Small traders have to stay on their bullish bias for a long time.

Is Bitcoin crash imminent or not? Drop your comments.

Comments (7)

Guest

visiblemoney

6 years ago

Not at the moment! The price rebound will continue beyond $20,000 in 2020.

omogbai

6 years ago

Bitcoin had a historic Thursday as the price managed to break above the $16,000 zone. As per IntoTheBlock’s IOMAP, the price faces a moderate-to-strong resistance at $16,700 before it makes a move into the $17,000 zone. This is the first time in three years that Bitcoin crossed above $16,000.

paulsmith2018

6 years ago

It is not,at the time being, 2020 will make a positive remark in the history of BTC, just watch and see.

ajii12

6 years ago

even if it crashes, we are optimistic of a continued bull run in 2020

igweozioma1995

6 years ago

👍

exodusab

6 years ago

To keep inflation under control, the bitcoin protocol was programmed with a hard limit of 21 million, with new bitcoins entering the system as an incentive for network processors (“miners”) in a gradual and controlled rhythm. The rate at which they are created is reduced by half every four years, ostensibly to mimic the increased difficulty of gold mining.