Bitcoin eyes $20,000 again.Bitcoin touched new all-time highs just weeks ago. Then, we saw a pullback into the mid-high $17,000s. The world’s largest cryptocurrency has now steadied and is rallying back toward all-time highs.As of writing, the price of bitcoin is $19,182.Bitcoin is down just 0.19% in the last 24 hoursBitcoin is up about 0.65% in the last weekBitcoin is up roughly 19.28% in the last monthBitcoin broke through key resistance around the $18,500 level this past week. It remains on a steady, upward trajectory.All signs favor the bulls.Many consider $20,000 the price to watch yet again and new all-time highs could be coming before the end of 2020. It’s already been quite a year for bitcoin and it’s not over yet.Subscribe to The Bitcoin Binge Letter — a free weekly emailBack in week 46, we mentioned key support between $14,000–16,000. Bitcoin seems to have left those levels in the dust.While another push above $20,000 feels more and more possible, we cannot yet discount a larger pullback than the recent slide into the $17,000s.December is a pivotal month for bitcoin. A strong close to the month would cap off an incredible year for the world’s largest cryptocurrency.This year, we saw a halving event, a global pandemic, and a massive increase in retail and institutional adoption of bitcoin.If bitcoin can close out 2020 above $20,000, we have to start taking higher price predictions seriously. Earlier this month, OKCoin CEO Hong Fang called for a $100,000 bitcoin within the next twelve months. She’s not alone in her $100,000 bitcoin prediction.Several analysts at major banks, along with crypto traders such as Willy Woo, PlanB, and others like Anthony Pompliano, have all called for a bitcoin price between $100,000–300,000 by the end of 2021.Subscribe to The Bitcoin Binge Letter — a free weekly emailMassMutual…