Bitcoin Forum

One of the most commonly spouted tenets of cryptocurrency trading is “past performance is never an indicator of future success.” However, when the same pattern occurs three years in a row at almost exactly the same time, it can be easy to question the validity of this statement.

In this case, we are talking about the fact that Bitcoin (BTC) has witnessed a significant pump for the past three years at the beginning of January—gaining between 10% and 24% in the first week of the new year.

Source link here (https://beincrypto.com/is-bitcoin-about-to-pump-and-then-dump-in-january/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

January wasn't really good for the past two years. Will it repeat again?

Two years ago after the big BTC bull run, "The Great Bitcoin Crash" began in the mid-January and it ended up around $3k+ in December.

Last year, it started from $3k+ and it ain't that good either, but we finished above $7k last month. So almost $4k gained.

Will there really be a pump and dump for this month? I know that the market is so unpredictable now, but I wanna hear your reactions or thoughts about this one.

Thanks in advance.

Not really sure when talking about a specific time of pump and dump because they can happen anytime. Sometimes we have both pump and dump in a month, but at the other time we may find out no pump exactly. January is like the time for every investor to prepare their strategy and plan for their assets for 1 year ahead. In this case, the biggest possibility is for a dump.

Apparently this seems to be the situation as it has been predicted that bitcoin is going to dump a little before it rises again. This is exactly what we are experiencing at the moment. I hope this dump does not go on for a very long time to ruin that returns that most of us are waiting for with bitcoin halving just around the corner.

i don't know if it does have a pattern to follow because if its that easy to see. traders are looking into the charts and usually the price reacts base on the news coming from the team or base simply to the market.  if you look at the chart, the market has been going down since July of 2019, it only tried to go up on October but bears are winning the game even today. my guess is that it will continue to do so until June.

I didn't know about this behavior on Bitcoin, but one thing is for sure, it's a good opportunity to buy cheap options.

Maybe it can leave a good profit and casually there are two that have an expiration date close to the days of the pump and dump, unlike the other months of the year.

crypto trading is very difficult to predict, unlike forex trading which every month can be sure there is a high impact, sometimes bitcoin has no news whatsoever suddenly there is a big movement, even when I use technical analysis for bitcoin it often shows fake signals.

I feel the price will be stable for this month. It will be in this present price of $6k+. Those who have panicked sell for the holiday are through. Things will be calm for now.

It's not compulsory that the future repeat itself always. I also want to see a new direction in Bitcoin, and not the usual direction of what we have seen in the past.

Well, those periods in time, Bitcoin was extremely overbought and did correction all through the year 2018 which we are still yet to come out from. Looking at the upcoming halving. it might not get to the worse as most people have predicted and I don't expect price dwindling far beyond what we have currently.

Really we can't expect as we predict the Bitcoin price nowadays because of the crypto market under bad conditions only and today bitcoin price drop around 3% down, and I hope we can see big pump very soon with in this month because they are lot of good things going to come.

We are neither after a bull or a bear so i don't think bitcoin would have any large changes in prices on January as it has been one of the slowest month for trading.
The market has been on its lower end and not much to fall while the festival season pressure would not let it bull.

Considering the pattern at which the price of Bitcoin is going, I personally think we are gonna have a dump for this month. It is quite likely that the market value of bitcoin might even drop down to either $6k or $5.5k within this month. But this do not indicate that 2020 will not be a good year for Bitcoin. Investors and traders should take advantage of the drop in the market value of Bitcoin and make some profit out of it.

I'm thinking that the market could go up and down this month and probably may take go high by next couple of months and this might happen before halving or after.

And it would be better to take advantage of the market flows, and making a profit within this month is roughly hard depend on the volume.

It doesn't matter if the btc is going up and down what's more important is btc will have to go higher and break another record in all time high. It might not gonna happen sooner but later will do. The good thing to do while the price is low is to buy more and try to save to have a good return when btc soars high to the moon.

no one can predict the price of bitcoin with certainty. I'm just speculating and in my opinion in January bitcoin will be a dump. today bitcoin has also fallen by 3% and left the level of $ 7k. currently the price of bitcoin is $ 6900 and I think it will continue to decline to $ 6k. and it will be a good opportunity for those who want to buy bitcoin. and in my opinion bitcoin will start to increase in March.

3 years is honestly a very very short time span. Even if we had the same market movement for 10 straight years, the price can still move in a different manner the following year; especially knowing that we're talking about a very very young asset class here. Not like other assets like stocks that has existed since as far as we can remember.

Also take note that the market sentiment and the people's perception of bitcoin today compared to the past 3 years, is very very different. Remember to also always take fundamentals into account, and to not only look at charts.

The markets has ALWAYS been very unpredictable.

We do see that the price had gone down below 7k but it isnt really that too deep to consider out to be a dump.Question if it would happen the same thing just like on previous year? Who knows?

We cant even sure if this sudden price down movement would continue until on 6500 support price or would stay up currently for the moment and we would head back again for recovery.

In this new year, im not really expecting much other than on that halving event.

I always prepare for end of December, January and February, in 2015 if me not wrong, bitcoin price dumped really hard and a lot of people panic because of it. And it already happenned in a years, so people like me usually hold fiat to save my investment or maybe wait until bitcoin get very low to buy it.

The crash happened because of the big bull run of 2017. It needed some sort of outlet of release since the bull run was way too big, way too much for the market to handle, and so the crash happened for close to 2 years. The start of January 2019 at $3k could actually be described as the start or moment where the market has stabilized already, and the entire year of 2019 could be said to have placed the development of Bitcoin at its proper state.
Bitcoin just came back to 7k skl. Really, a drop of 3% isn't that serious. It's just a market fluctuation, which is really natural considering the volatility of the market of Bitcoin.

considering the fact that bitcoin is not some useless altcoin to see pump and dumps and also the fact that for the past (at least) 7 years there has not been any major manipulation of the market the answer to your silly title is no.

as for the patterns, i don't see any! of course you can always force a pattern out of any movement that bitcoin has and make it seem like repetition but that is not what repeated patterns mean. the only thing that could be repeated is the FOMO since we have the halving coming and the price has been down for a long time now that the market is ready for the rise.

I think the pump has already started, Bitcoin was dropped below $7,000 and now it has bounce back strong and currently trading at $7200..
This is a great start because it bounce back right away and I hope will be go as high as $8000 before it will dump again if there's really a pump and dump this month. Honestly, IMO, anything can happen but we need to take advantage if there's a pump and dump.

The price of bitcoin has been constantly searching for a new bottom recently. But fortunately, the support area of Bitcoin at $ 6700-7200 is very good so we can be confident that the price of BTC will not collapse again. IMO in this month I believe bitcoin price can reach 8000$ or higher

prices are still normal and I don't think was a big pump or dump event at the beginning of this year January ,I see there will only be a few traders want to make a profit rather than something that was raised by looking at history ,prices are indeed unpredictable and history might make upside down think it's still too early but I hope there will be a big pump in the coming month

No? I mean, Bitcoin, with its 10 years of existence,  has never seen anything close to a manipulation that caused a pump or dump to it. Although if you're considering the movements of Bitcoin right now as pump and dump, which is not, cause its just market movement, then I'd actually say Bitcoin is going to move up or increase in price for this year. Halving is near and even if we don't take into account the halving, there's absolutely no reason for the price of the market to go down. Just look at the past 2019, Bitcoin started at $3k as a result of the bubble of 2017, but then ended with $7k which is a complete rise.

Its not really a pump though, just the natural movement of Bitcoin. Market pump is the artificial inflating of price just so you know.

So far I am happy with my daily trades. I woke this morning with BTC going down to $6,850 so I bought a few then this afternoon its being traded at $7,288. That's an instant 6.8% profits in a day. Are we still going to complain? While others are complaining about the bearish market, complaints about dumping of Bitcoins, there are people out there who makes profits silently. Lets just enjoy what we have in hand shall we.

I have a feeling that it has started already,.. maybe we cannot call it a pump but what I am seeing now is a good start of a pump.
as of this writing, bitcoin is already trading at $7300 already, it might be normal to some as we usually see this but I am happy to see that when there's a dump, bitcoin will right away bounce back as it could lead to a bigger pump,.. this is the kind of scenario we saw last year, we have a good start then steadily the price going up, of course we can make that 30% pump an exception as after that, price didn't hold that much.

That's how we should approach this kinds of opportunities. If you are willing to take care of your business you'll be able to catch such things in a short
period of time, there's always good things coming from this volatile market if you really aiming and looking for positive sides.
Pump and dump is not the case here but instead a good traders who knows how to play with traders emotions.

I think moment for bitcoin pump or higher price about at the end of year maybe from October until December, for January and February bitcoin keep stable with lower price and look slowly for growing up to higher price, but this my opinion about bitcoin change price maybe can different from situation later where bitcoin become higher price suddenly and make many investor keep investing with bitcoin and altcoin.

From my observation, mostly all people just aims for big pump for the bitcoin price instead of appreciating the small profit they can earn daily like this. People who are content of any profit they can take everyday are good investors and traders.

So true, if we always wanted a bearish market to happen then it will not. many of us still complaint even they are gaining profit, the worst thing is they spread it and share negative to others. I think if the rising of btc won't happen this year then let's wait for more year to happen it again or just enjoy the profit we just gaining everyday. lets not rush everything and expect more, so we can prepare and think what will be the next move so we can do it without regrets.

It must be pump and dump, we saw it yesterday its almost going to take a dive down to $6k but I wake up seeing the price goes more than $7300. I would only see pump and dump. There were users also spreading news that it will dip to $6k as well, although its possible to go that way its still uncertain where. Not taking my chance to profit thru it but maybe for some who has the a thrills, you can take the odds.

Today there has been a pump from the price of $ 6900 to $ 7300, I have not found indications of other pumps for the next few days.
Should see what is formed in the market today must wait for the weekly closing on December 6.

I wouldn't call this a pump, more of a random daily fluctuation to the upside. But it's a rather good feeling to be again over $ 7000.

We might not see a pump and dump kind of scenario like we see in some shit coins but the market does have its manipulation but it is not that easy to pull that off unless you are having a ton of coins to scare the market as there are situations when the market went down simply because some huge amount of coins moved to certain exchanges and these are manipulations either with the aide of these news site or stand alone process.

yes i think there is lot of pump and dump in recent days . when prices rise to around 7500 usd ; each time dump followed to 7000 usd ; i hope the support level 7000 usd will make prices rise above 8000 usd at latest and why not reach 9000 usd for leave up this bear market

I agree with the statement however, we cannot yet conclude as we even hit a week yet. We will see how things would be going yet may be at least for a week or more. I kinda think that market is good as it is that it indicates no sign of going down, may be for now but the real deal is yet to come. May be after January or after just a week.

You missed the main climax of 2019. It went up to $12k also. From $3k+ to $12k, it was gain of almost $8k. How much more gain you want from bitcoin?

Its already sold off prior to Jan so its very possible we can rise from here and price is making way for that possibility. 

https://i.imgur.com/kd4CPZw.png

So thats the 8 day and monthly average.   All it really needs to push this is to be on top of the 50 day average which is perfectly reasonable but we dont know yet.    The problem is bears are encouraged until these triple peaks are no longer, see how every price top is lower then the last.    A series that declines can be said to be bearish but I think its at least started to try to change gear from July which has been downhill or neutral for a while.
If it goes up this month I would not be calling it a dump after unless we end lower then our recent low of 6300.    I dont think that happens, its now we rise or we break not the OP scenario .

in 2019, Bitcoin has been trying to make a rise. and that was proven at the end of this year, where BTC closed with $7k. I feel confident that bitcoin will increase again. because the lowest price has passed. then Bitcoin starts making pumps. I'm sure bitcoin will reach more than $10k this January. and $15k until the end of 2020.

Yes, any condition can affect on bitcoin price. But keep stay with what we already did is good to, and we're only give our opinion in here not force people to follow us. And in this date, i see a post from my timeline in social media that bitcoin price dumped really hard 4 years ago in 2015.

Each of us is confident in the future of Bitcoin, so all long-term investments in this coin will be a good success.  But if we talk about short-term investments, then in this case you need to be very careful and almost constantly monitor the performance of the bitcoin price chart.  Each cryptocurrency user conducts a technical analysis in his own way in order to predict the further development of events.  If you pay attention to the three touches of the straight line of the growing trend, we can assume that by April we will be able to see good bitcoin indicators.  Therefore, we can talk about the prospects of investment today.  In addition, if you pay attention to the indicators of several days, then Bitcoin is still in a small bullish trend.

it looks like bitcoin will survive at $ 7000 now, we still see the movement again, if it goes down again I'm worried that Bitcoin will go to $ 6000,

I think this month of January we will see more volitle price of bitcoin and we will see some huge pump and huge dump and the reason of this are the whales that keep manipulating the price of bitcoin.  Because they want to buy cheap bitcoin that's why they will spread fuds so that weak hands and panic seller force to sell thier bitcoins. 

What could be the reason why bitcoin staying like this? The $7,000 support is quite strong to hold it for almost a month i think. Panic selling will occur if they would think bitcoin is a scam and a ponzi but so far what happened in the past didn't happen today. I think people learned with their mistake.

market always unpredictable,buddy.
and about what you talking about, i choose to believe we got a small pump on this month,then followed by a dump in February and well, on march we got a massive pump before halving.

Even if it goes down again, it will move upward to $7k again. I gained confident about it because of how the price performed last month and the first few days of this year. We thought the price is going down once it decreased below $7k but we are wrong and keep on coming back at $7k. Also, you don't need to worry about btc going to $6k, you haven't lose any as long as you don't sell it when it goes down. Just buy more when it happen, that's the best thing to do instead of worrying, only if you have trust on btc.

I think this is most logic prediction. With this price right now, small pump and big dump for people or maybe if price really driven usually make people who not buy it yet will buy it. And then big pump with halving will come and people who buy at that dump will sell theirs and then price will be depends on market.

That's what worries a lot of FUD news everywhere about the badness of bitcoin and I feel sorry for beginners because they are afraid of being influenced by the FUD news.
But I think in January the price is quite good, it's still $ 7300 plus that means it hasn't been manipulated by the pope, because the pope always buys in a severe dump condition so many are trapped by it.

As every pro here says."We cannot determine the future."
But it is also good to see some good speculation of what this year could be.

So, will there be a pump and dump.
Yes, I do think so.
Unlike the last years that we have been through, this year have a halving within it. So I guess that is already one reason to say that bitcoin could be more volatile this year.

It all be at positive insights. However, it all be the same experience that we mostly encounter ups and downs, nothing had to changes either.
People are so hopeful for the upcoming event and they'll be looking that ATH will come again which I'd think that it can be possible. But of course, we can't tell when it comes, it just a surprise for sure.

I don't think i understood everything you said there dude. Though if you'll notice, pumps and dumps aren't happening as often as they we're probably 3 or 4 years ago. I guess people being familiar with bitcoin and crypto is one factor why that is. Pumps happen when people ride fomos, probably started by whales, so the price increases as a pretty fast pace. We don't have that much gullibility from the crypto community now.

Will be close whit bitcoin halving I think become moment for us looking bitcoin will pump in this month, not have reason for not investing whit bitcoin because when close whit bitcoin halving I think price will up, if you worried you can miss opportunity when bitcoin have lower price but dislike for investing, wait when one month before halving bitcoin can reach above $16k.

Every year we always have pump and dump in this market. Depending on the news affecting the market, there have been many negative news in 2018 and 2019 that caused this market to collapse even more. But this is 2020, this year there will be Bitcoin halving so I will easily think that this year there will be a big pump coming to this market. The goal set for bitcoin in 2020 could break ATH and create a new price milestone

Not very sure though but I guess this January of 2020 will be the same as 2018 and 2019. Bitcoin halving is expected will happen at the month of May and that is the only way I can think of that could make a price difference on Bitcoin. However, who know market is always unpredictable thus, there's a lot of thing could might happen.

Following the history  of price chart of 2016(previous halving year), I think we will not see any pump this month.  Probably more on sideway movement and a little  price recovery before the major event (Bitcoin halving).  You can check the chart here (https://www.statista.com/statistics/326707/bitcoin-price-index/)

We can certainly figure out that dumps and pumps will always exist all the time. We live in this kind of market and the nature of its volatility still remains. Though we are hopeful this year but can't assure anything that we only experience pump, it all be accompanied by dumps as well.

Yeah, this year crypto will experience a pump because it is rising more than before. I can see in crypto New investors are taking part and I hope to get a new market pump. Right now it’s not yet fully pumped but with the passage of time, I think the market will increase to a huge level since long people were waiting for it.

We are getting a pump and dump every month. We can't judge the crypto market by one coin, there are many coins and each month some coin gets pumped while some get dumped. We can hope that this year we will experience some significant price increase, which would be very beneficial for all of us.

Because of volatility that's why we can see a sudden changes of the price and maybe this will the reason why people thinks that this is a pump and dump scheme of whale manipulators but people should now that this is a normal market volatility and these days maybe we can see a good pump since theirs a halving hype spreading everywwhere.

Any scenario is possible, but I'm not thinking that someone will want to do the pump at the beginning of the year. I think attempts to do a flash crash are more likely. If they are trying to make a pump, I think it will be in March or April at the earliest.

I was not expecting a rally now but yet the market recovered in the past few days but i am not sure because of the tensions in the Middle East or some other reason, the market is trying to break the resistance and move higher and lets see how it will go in the next few days but there is a resistance to break $8k and if it is able to break in the next few trading days then we will see some rally until it touches the next resistance.

of course it will be everyone's hope in 2020, because in the last two years market price movements have not experienced a sharp rise or even more often decreased. therefore, I can also predict that this year there will be a large pump that is capable of creating a new history of bitcoin market price movements and some potential altcoins.

As for the threat of the war in Iraq, we can expect stable growth rather than pymp & dump. It is very possible that the resistance at the $8k level will be broken and we will observe further growth. I meant that I don't expect pump & dump in the next few weeks.

Ps. I removed "Of course" from the beginning of the post, it was a bit confusing.

A pump and dump implies something that is hyped out of the air, a rally that is co-ordinated by shills.

I don't think this is what we're seeing right now. This is completely organic, healthy bullishness within the market due to the fact that people's expectations of future prices are much higher, due to events such as BTC halving. Besides, institutional investors have shown their interest last year, which is an added bonus.

So no, I don't think this constitutes as a pump and dump per se. It's just a normal phase of the bull market.

For an unpredictable and volatile market its really hard to tell  that this is an organic growth and we cant tell if we wont see any possible dumps ahead.
Take a look on the current price increase where we do already almost hitting up that 8500 level.I can say that we are moving way too fast imho
but this is how the market works but we cant stop on where it would go.It always been unpredictable and this increase where we can presume
that current issue of US vs Iran might a possible reason or simply because we are heading on this year bull run.No one can point out which
one but its good to look at that we do at least near on hitting 5 digit price once again.

Manipulation is in every corners so it is possible that pump and dump will always occur regardless of what month. Whales don't like boring market and probably they are the one responsible for creating market scenarious, they could either influence the market negatively or positively.

Bullish is not boring, they can make more money on that but they are in control of the market because of their power, so they will try to create a pump and dump so price won't not move very high that would probably affect its future when it will be dump hard again.

People who does not fully witness and understand the nature of crypto might say that its scam due to its big dump but us who believe and understand, we always see any season as positive because when it dump we say we accumulate and when it pump it's time to sell for profit.

It seems we had experience the first pump and dump of the year.  Though this previous price movement may not be considered as major pump but being a minor pump indeed.   Those who bought before this minor pump and sold at peak before the price goes down below $8k  should accumulate again because the pump series is yet to be finish.  There are also prediction that price will go back to $10k so if we happen to accumulate at this point, we can have around 28% profit if the predicted price is met.

Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.

Bitcoin nature is that in few days it can reach to new heights and come back with same speed. Probably that's the reason why we were expecting 10k price but not expectations are price of around 7000$. But that doesn't mean game is over, just keep an eye on bitcoin price and dont forget to buy it at dips.

I also expect some sideways until we have a break out of it. I expect a big green candle after we slowly move out of the channel through a time-correction. Then we're off for some serious pump up to $17k.

Your scenario has happened, the price of bitcoin has been high for the past few days and has risen to $ 8500. While everyone is waiting for a one-time price of $ 10000 this week, everything has changed, the price has been adjusted to $ 7600 and is currently fluctuating in this price range. This is not a bad case, in fact, if bitcoin is stable and does not fall further, the opportunity for it to go up to $ 10000 is entirely possible.

Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.

I may not think about it.
https://www.reddit.com/r/CryptoCurrency/comments/7vvec4/hodl_the_chinese_new_year_effect_in_3_simple/
As we could see the chart in the previous New year, there are low dumps happens but it eventually turns back high in a few days after. And may this time still never be affecting more on the price but I'm thinking that it helps to uplift the market.

   Thanks for sharing this interesting post from Reddit! It's one year old, but it's interesting. First comment is amazing, it's
the same what I think, I will share it for everyone to see it:
-"The lesson I get from this: buy a good coin, hold and forget. Come back in a couple years and check the value of your holdings. Cash out what you need. Come back when you need more. Retire."
   I learn the same lesson every time, buy a good coin and hold for years. Not days, or months, years, more then couple years, maybe
5, at least 5! I am here almost 2 years, and I still hold! Monthly and daily pumps and dumps are not for me, I am here for a long-term!

Yes market is really wild and there are chances and further dumps as well because this recent pump might be a bull trap as well. We need to be really carefully before investing or cashing out,because what if we see a repeat of 2017 again. But facing a further dump before the bitcoin halving is inevitable.

If we look at the history of previous years, the coming of the Chinese New Year and Christmas celebrations can indeed influence market price movements to reduce its value, if indeed this incident will continue to repeat we must be able to take advantage of the situation by preparing as much money as we can to buy bitcoin at low prices so that our investment can be increased by utilizing the market situation when the Chinese New Year arrives

Resistance from 8k is still around. Bitcoin is having a hard time to push thru getting that 9k mark.
Maybe next week we might see it fall to $7500 again.

There is something good though. It aint like the other years which had passed.
It is not falling to a price which is not expected.
Somehow we could still predict here and maybe even make profits if we can just get it right.

In January, bitcoin has begun to increase even though it's not a big pump. I think this is a good development. because for a few months bitcoin has been at the level of $ 7k and currently bitcoin is worth $ 8k. I am optimistic that if the state of the bitcoin market continues to improve, by the end of January this bitcoin can reach a value of $ 9k.

We are encountering more volatility on this new year, but over all bitcoin trend is positive. Likely we wouldn't see ATH but I think bitcoin will not dumped like previous. Last few months show almost stability and this year start movement. Yea, there was some reason like USA/Iran war facts behind of this movement (IMO). But after situation become cool, bitcoin dumped for little time. And from yesterday we seen bitcoin back again above $8K. So I am assuming this trend would continue even slowly, because I believe new buyers entering on bitcoin. If they don't get panic somehow then we might see another small bull. I am positive with bitcoin especially on this year 2020. It's been long time previous holders are waiting for recover. So let's hope for a bull run once again.

That is possible as there's a good barrier which we see now, the current run brings positive improvement to the price of bitcoin. Not a pump and dump
but possible market cycle, a corrections which can lead to uptrend rise movement. Possibilities that news that being spread and incoming updates are bringing impacts to this industry.

From what we see at the moment we might be. The price seems to be retracing back to the key levels of around 6.5k it has already been defended twice so it wouldn't be surprising if we get another strong bounce off of it. Hopefully that will be the last re-test and from then we will see the bull cycle begin. But who knows...

Time can tell, and the trend is still on the sideways. Its good to see bitcoin on the level of $8k again and hope to stay above on this price but yeah something can still happen, it can drop again or its time to move forward. This month of January is full of challenges, and a lot of shit things already happened in just a weeks of 2020, but still I’m confident on bitcoin price this year.

We all see that there is a lot of positive information, but the investors on market are very nervous. I think it will be like this by the end of January. I am more afraid of dump prices in February or March, shortly before the halving event.

Why are you afraid of that? just accept whatever happens but be optimistic.
If it pump this early, we might not see it pump again close to the halving but that's just another possibility, we have to believe what we think would posibly happen and for me, I always think positive that this market will eventually recover and this year which is the halving is happening is the right timing to witness it.

The clear line can't be set. To my opinion price will continue to fluctuate in the range between aprox. 7000$ and 8000$ so we'll be having both, ups and downs and price will not follow only one direction. That situation probably will not change in the upcoming period and before halving we might have sudden pump or dump but that will not last for long and effect will be only temporary.

You have seen today how bitcoin increase to higher price more than 7% and become most potential way to invest much money with bitcoin, maybe tomorrow will continue for growing up bitcoin and keep continue for several days later and make cryptocurrency world become most interested discussion public again with bitcoin and altcoin become best topic for discussing.