Although\u00a0Bitcoin (BTC)\u00a0finally managed to break its all-time high, the digital asset strongly rejecting around $ 20,000. Now, analysts are discussing where BTC will go next. There are short-term forecasts for the leading cryptocurrency that show both a bearish or a bullish trend.\r\n\r\nBitcoin (BTC)\u00a0price encountered high volatility on December 1. The leading cryptocurrency fell around $ 1,600 after reaching an all-time high. Data from\u00a0TradingView\u00a0shows that the\u00a0BTC \/ USD\u00a0pair has unveiled the most unpredictable movements in a long time.\r\n\r\nMore recently, an attempt to exceed $ 20,000 led to an immediate retreat. The return to around $ 19,000 accelerated the decline. The price of the leading cryptocurrency is changing every minute. At the time of writing, the\u00a0BTC \/ USD\u00a0pair is moving in a limited range, roughly between $ 18,500 and $ 19,500.\r\n\r\nThere are several predictions as to which direction the\u00a0Bitcoin\u00a0price will go in the near term. The first is that the leading cryptocurrency has completely exceeded $ 20,000, breaking a historical record. Another is the consolidation in the range of 18,000 \u2013 19,000, followed by a rapid rise.\r\n\r\n\r\nSales Pressure From Whales and Miners\r\nWhen\u00a0Bitcoin\u00a0price officially surpassed all-time highs on\u00a0Coinbase, it caused market sentiment to rise immensely. Soon after, whales and miners started selling Bitcoin. This situation caused liquidations in major stock markets.\r\n\r\nCryptoQuant CEO Ki Young\u00a0Ju\u00a0announced on November 30 that whale withdrawals were slowing.\r\n\u201cI called short-term bearish based on miner-selling, whale activeness on exchanges, and no whale withdrawals. But I knew enough exchange stablecoin reserves would break $20k by this year. If ATH rejection happens, it could be a huge pullback as whales would sell BTC heavily.\u201d\r\nThe combination of a positive high-time market structure and positive on-chain data has increased sentiment on Bitcoin in the long run. In the near term, the $ 18,200, $ 17,700, and $ 16,200 levels have been identified as key support levels for Bitcoin.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.