Bitcoin price is heading towards $20k once more ByAli RazaPRO INVESTOR Updated: 17 December 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) price is going up, once again attempting to breach the $20k mark. Bitcoin reached higher $19k levels several times over the past month and a half, although its price would get rejected each time when it approached $20,000. Bitcoin approaches $20k Bitcoin is once again leading a rally with the goal of hitting a new all-time high (ATH). The coin’s highest price ever is still the one achieved three years ago — in December 2017. However, a few weeks ago, on November 25th, the coin managed to climb back up to $19k for the first time since then. With the positive price performance, the coin also saw a massive increase in volume, which exceeds $25 billion at the time of writing. It is hardly surprising that everyone is rushing to buy Bitcoin, as earlier predictions claimed that the coin could go up to $50k, $75k, or even $100k. Bitcoin battling the $20k resistance Back in November, after climbing past the $19k mark, BTC hit $19,345. After this, it saw a minor dip that took it down to $16.564, only to surge up once again and go even higher. This second attempt at the $20k mark took it rather close to its goal — the coin climbed to $19,767. The resistance at $20k proved to be too strong, however, and BTC dropped again, this time fluctuating between $18,500 and $19,500. This lasted throughout the first week of December, and just when people expected the coin to hit $20k almost exactly three years after it did so last time, it started dropping yet again. Once it dropped below $18k, many assumed that this was it, and that the coin’s goal is simply too ambitious. However, BTC managed to rebound after hitting $17,700 on December 11th, and it has been going up ever since. At the time of writing, BTC is higher than it has ever been in 2020, currently sitting at $19,865, after seeing a 3.20% increase in the past 24 hours. With less than $150 away from its goal, investors and traders are holding their breath, waiting to see what will happen next. If the coin does breach $20k, the next goal is set at $25,000. Join Our Telegram channel to stay up to date on breaking news coverage