Bitcoin Forum

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts 8)

Bitcoins price is stabilizing in $18.5k to $19k mark this first week of December, maybe bitcoin is just waiting for momentum to try and break again the $20k mark and if not break I think bitcoin can go dip again at $16k-$17k ish mark. I hope price correction will come after breaking the ATH and not before the next attempt to break the ATH.

For me I have no worries at all about bitcoin for the past few months and it's been a short-term move that has been done. but the main objective that bitcoin will increase sharply is still visible and will continue to move up.
but for this month it may be difficult to predict whether bitcoin will break through $ 20K or it will fall back as it was in the past. chances are there will be no happy surprises from bitcoin for the end of this year.

but I really believe that after the beginning of the month, bitcoin will show the courage it has and will increase sharply, we just need patience to wait for bitcoin to give it.

There is this thing in any market called resistance, price can't easily go above that resistance the moment it reaches it. For example not so long ago, $4000 was a strong resistance and price kept going near it and come back. Eventually they all break in a bull market but not right away. $20k is that resistance right now and your expectation of it being broken right away was wrong.

Neither, because bitcoin is not some pump and dump shitcoin to get pumped and dumped.
Rise and Fall is not the same as pump and dump though! You should seriously learn the difference.

I think a correction will be coming soon, why is that? Because now is the end of the year and ahead of Christmas and New Year, investors may prefer to take the time to vacation, of course this will also be related to sales that may occur in the near future.

Coupled with the presence of ATH which makes a double top pattern, it is possible that $ 19900 can be a strong resistance until the end of the year, of course this is a positive value before the occurrence of a new ATH later, hopefully.

Maybe that would be right but of course its not depend on events like that but the technical news revolving to bitcoin. I may agree that some may cash out their funds for these Holidays but bitcoin price isn't gonna go crashing because Santa is coming to Town. There are huge retracement and pullbacks but the market is quite steadily for bitcoin same goes for other major altcoins. I think if this one surpass a 20k level then possible it could continue more and proceed with a new level.

It's hard to figure out some whales are still dumping and buyers cannot keep up, this is how the market react, there should be more buyer than seller for the market for the market to pick and reach another all time high, don't believe what experts are posting it should be your sole decision if you want to buy or sell.

What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.
https://i.imgflip.com/4ouz8u.jpg

What are you trying to say? I was just curious to know the next price movement like pump or dump giving diplomatic answer is not a solution, I know charts and it's candles works with an assumption. It will fluctuate only if there is price movement also can you figure out the same with zoom lens and say what could be next in a simple way by saying pump or dump?..

No one has a perfect crystal ball here.
going to round my numbers


But 2017 price of 20k for a miner todays price need to be 70-80k

2019 july price of 13k for a miner today price needs to be 25-30k

in dec 2017 when we got to 20k we dropped a lot

in july 2019 when we got to 13k we dropped a lot...

it is dec we are not near the equivalent numbers which are

25-30k for the 7/2019 top

and

70-80k for the 12/2017 top


I think this rally will have lots of legs 🦵

until we go over those thresholds mentioned.

the faster we get to them the foundation of more gear and higher difficulty won’t be there the quicker the drop.

So I think we move along bounce against 20k over and over. pass and drop back .

I would be happy to see us at 19000-20500 for weeks.

a double top is in short time frame within a single trend not in a 3 year trend after a lot of swings arounds and multiple trends that changed places!
besides if you move the chart to the left until you remove from first quarter of 2017 until today you will see the exact same thing and if you go back inside topics in this board you will see the exact same claim about "double top" when price reached $1100 back in 2017!!! it didn't make sense then and it is not making any sense now either.

When price consolidates for a while under resistance its usually ends up breaking up. However the amount of traders that will get caught on the wrong side of the trade will be huge. I think that we will break ATH however it won't be soon. Most likely there is going to be lots of these fake outs, kind of like a few hours ago how we breached $19600 and now we are back at $19100's.

Seems that if the funding again will go positive we might get another rejection. Because whenever funding goes positive, the whales know that most of those positions are overleverage and its very easy to liqudate the people using 50-100x leverage. This is exactly what happened the last 2 times when we were "absolutely sure" that ATH was about to get breached, it came close and no cigar. So who knows when it will eventually break.

No one can actually product what will happen even though if you are a bitcoin whale, but as per technical analysis expected to break the new all time high,old one was in 2017 which almost followed the same pattern as of now.

Everyone is curious too what is going to happen in the end of 2020 and also in the first quarter of 2021.

Bitcoin price is hard to predict where it will go. We could only prepare for anything that could happen to bitcoin. Even if the next thing that can happen to bitcoin is a dump, we don't have to panic to know what we will need to do. The price now still at $19k, and we are on the weekend, so we will see what will happen to bitcoin in the next week. If the next week, the bitcoin price does not increase, perhaps, the price will just stay at a price now, and it will down for a while, and back to the current price. But bitcoin still has a chance to make the new ATH soon, so we need to wait for a while.

It is in a way difficult to predict but not that much, if you look at the price from 3 years ago, they share the same valley pattern that could be an indicator on where you want to sell you bitcoin at some point, that is just my theory so it is baseless, the last ATH is at mid-December so we can expect that at around that time maybe the new ATH will happen.

I guess you are right. We cannot predict the bitcoin price that can be achieved in the future, even if we already have halving before. The pattern will not be the same as before, and the price will make a new pattern. If you say that the last ATH is in mid-December, we are almost there, so we will see what will happen to bitcoin on that date. We hope that the price can start the rally to the new highest price, although the new ATH will not happen this year. But we still have time to make more profit in bitcoin before the price starts another rally.

The lesson is don't expect. Speculate within the years that you may want to see bitcoin reaching certain highs but within the short period that we've seen it pump, we'll get to imagine that it will have a continuous pump.

Nobody knows if a dump is coming. The cycle is depending on how you read it after the pump. And that's what most market readers say, if it comes up, then it has to go down.

We don't know on what will happen next but the one we can do for now is to watch the market orders to see if there's a strong support on the bitcoins price to see on what will possibly happen on the next following days. We need to be prepared for certain instance and also the charts is also helpful for some certain readings.

I can't give a good prediction but I suggest that listen to your own feeling so that you will not be hyped easily.

from where have you get the idea of expecting 22,000$ ?because of the bullishness these past weeks?
But those aren't enough for the Bitcoin to cover that amount because those who had been trapped last Bullrun 2017 are just stating to sell now, and the whales are trying to bag more funds before getting inside with full investments.

Maybe in the next weeks we may cross that value but for now let us be contented on what the marker is moving.

and this is also what some traders want,the ups and down market.

22k is perfectly possible, but the "when" part is the tricky one.
Clearly 20k is already a psychological level for many and the few failed attempts to touch it, although some even broke the ATH, show this struggle.
The pretty quick recovery also show an upwards pressure imho.

But the market is hard to impossible to predict. I don't know how many more attempts will fail until 20k is broken. And then 22k is just one of the following "numbers".

Also it's fun to also see a question of "what's next"  ;)
"Next" is a long list of ups and downs, in no particular order.
Because.. you know... market...  ::)

The surprise for me was perhaps that the 17.2 wall was broken and yet the expected slide farther down didn't.

Instead, there was still enough momentum to take it through to yet another ATH for 2020. And already we are spending more time in this 19k range than 2017, so there's definitely something afoot.

4 weeks is a long, long time!

It has always been about what market trend we are in at the moment price drops. During a bear market or even during accumulation phases any drop can cause a bigger panic sell that can get out of hand. We've certainly seen this during the $6k to $3k drop which was ridiculous (accumulation phase).
But now that we are in a bull market with a strong momentum, pulling the price down is extremely hard. A 10% correction is literary nothing in bitcoin market.
Besides the only reason why price isn't going above the arbitrary number $20k is because it was the previous ATH otherwise price would have been at least $25k by now.

I would say that there is a big pump coming very soon, people are ignoring the fact that whenever bitcoin had a huge increase and stopped, it followed by a huge increase, that is the way bitcoin has always been and this means that we are going to have a huge increase very soon as well. When it crashes, it doesn't crash after a big stop, or not after an increase neither, it happens out of nowhere and happens very fast, if it were to happen it would have happened already and it wouldn't have stopped at small number neither.

Just because it goes from $19k to $17k doesn't mean it is a crash, a crash is properly screwed price, like from $19k to under $15k and continues go down few hundred per day for a week too and even longer. So at the end of the day I do not believe that crash is near at all.

Makes me wonder why are you waiting for a pump or dump OP? Why can't it slowly continue its way up? Why does it have to be a volatile move?

What you're seeing is normal. The price went to 18500 - Nov 18 and faced a resistance, then 18900, again went down as traders took profit, 19400, again the same thing, 19800, again...

You can see 3 things in this behavior.

1. Price reaches new highs after each correction
2. Price corrects every time it reaches new high
3. We are still below 20 thousand. I wouldn't expect great volatility until we pass this level.

I think we are still the bullish flag though,

- price seems to be bouncing around $19k levels. If we can maintained this level, this is already a win for us.
- if we go to $19,500, then we should expect around run to $20k.

Worth to mentioned though that the trading volume is low, but I think this is a sign that something might brewing up in the next coming days. Sort of calm before a storm, so there is still that big possibility of a break to $20k++.

Indeed we are.
But you cannot avoid the fact that market response seems showing us how investor a little bit got the panic attack after several time we have been rejected to get through the 20000 usd line.
There always a possibility both to go downhill or unstoppable bullrun , but at this moment it is okay to be a little pessimistic right?
The situation are not fully support us to move furtherfaster, everything slowing down and it was for a reason.

The bitcoin graph is so tricky. I know how you feel watching the btc price and expecting it to go smoothly up to $20k or above and yet it failed to accomplish that price. As I can see it, though $20k is soon to achieve but barriers like correctiond and pull back are still doing these slow progress.
 
 Be optimistic and let us see this slow movements going forward to the new ATH.

Simply because the resistance is strong. As soon as the price went up to $19 USD and more or less reached the last ATH, people tend to liquidate their holdings, perhaps in the fear that it would repeat as we had in 2017.
Right now it is playing around $19k USD with no signs of pump or dump so we really had no idea what will be the next move. But I don't think the run is over it might only be getting started. For certainty, you could somehow liquidate a fraction of your holdings by that then you could mitigate the risk of getting a loss.

Trading volume is actually quite high, you shouldn't compare it with the time when price is shooting up or crashing down. It is obvious that at those times the volume increases a lot more. Instead you should compare the volume with other times when price becomes stable and has smaller ups and downs indicating an accumulation phase.
Compare to that, about $100 million volume on each small exchange like Bitstamp when price is barely moving is a good indication of a strong accumulation going on.

Well bitcoin price is now is at 19k USD this could be a possible increase more than we expecting before christmas or before the year ends it is slowly pumping because people are holding now because they knew that after the break they think that it will grew more but not, people are just thinking about what profit will they make and not wasting their investment , they playing safe mostly , as you can see in trading volume is very high and trying to balance everything but bitcoin will be at the price of 20 dollars by christmas and i am sure of it.

looks like the new year and christmas will be a good momentum for btc price hikes, as some events like the launch of ethereum 2.0 and several other crypto events will certainly greatly influence the future market movements, but now it looks like btc is getting a very strong wall at $ 19k and it causes the current price rally to continue, but if indeed BTC is able to destroy the wall, it is certain that the BTC price will be able to break the $ 20 price even more

I do believe that in 3 weeks that is left for us, it could be a very boring one or it could be very crazy one and we do not know which one will happen. Just to give you an idea, we could potentially be involved in a situation where it could be 20k+ very soon, and go even higher, or we could be going down a lot, or we could potentially stay at this price for the next 3+ weeks and not move at all until new year.

We really do not know, we have seen bitcoin stay around the same price for months before, during the 10k period we have stayed around 10k-12k range for over 2 months for example, which was definitely awesome that it didn't went under but it was also boring and there were no profits to be made that way. Hence we can't really know whats going to happen now.

If memory serves me, the only time there was a sizeable rally over the holidays was back in Dec 2016 - Jan 2017, so I'm not so sure this is going to happen. People do spend a lot of money over this period, but typically on holiday stuff; I imagine Bitcoin and investment in general would be pretty low priority for most. I suppose you could make a case for COVID bringing extra money though, considering most people won't be able to spend on parties and travels.

Honestly speaking though, it doesn't seem like prices are being driven by retail investors anymore, so maybe timing doesn't matter at all anymore; if a big player does something flashy, we're all having a holiday feast.

Honestly there is no who will exactly know where bitcoin price will move. A month ago bitcoin price was increasing and forming bullish engulfing candle which can give an indicate that the price will up in the next candle. But who knows, until now in the early of this month bitcoin price just decreasing and has been passed 38.2 % fibbonaci retaracement.

But, we have three weeks ahead to fix this situation, perhaps there will be many information who will push bitcoin pricr up again especially from the stimulus factor. Moreover with some information who stated that the cases of corona virus increase again there will be many possiblities for the situlus will be issued. However, buying bitcoin at the current price will have a big risk to loss, we may need to see some confirmation first that the price will up again then we can buy again to see $20.000 will be passed.