Bitcoin Forum

Despite the BlockFi bankruptcy news and an acute bearish trend, Bitcoin has remained resilient to bearish pressure. Some indicators and crypto prediction experts like coinpedia still point to a possible bearish trend reversal. The BTC price nearly jumped between $16,800 to $15,800 this week.

Bitcoin is having trouble coping with the bearish influences.


BTC is currently trading just above $16,500, which is the critical resistance. It is trying hard to validate the current upswing. Therefore, a slight pullback close to the previous resistance could be prominent before the price moves up.

If there is something I did not miss about a rising market, it has to be the threads which are opened anytime there is a movement on the charts.

The Wall Observer (https://bitcointalk.org/index.php?topic=178336.msg1858442#msg1858442) thread is one place you can discuss intermittent price movements in the Bitcoin market.

   This I think is following what I learned from understanding the chart here in the bitcoin graph, In my opinion after the scandals that happened in Ftx, we know that the value of Bitcoin in the market has been affected somehow, and we cannot deny it.

   That's why I think, according to my observation the price of Bitcoin will play between 16k$-17k$, in a few months the price value of bitcoin will play for sure in the market. So this is also a good opportunity to get profit in the short term, Just based on my opinion.

What happened with FTX, Blockfi and others are a kind of negative news and that is something that can't be learned by looking at the charts or the graph only. News are a part of fundamental analysis already and we need it as well to predict properly other than the technical analysis.

It's clear that btc is affected because the last price of btc was at $19k if I am not mistaken but after the FTX crash, btc then plunges to $15k but it is now recovering and getting stable at $16k. We are right now above $17k and I am sure that it will be reaching $18k in the next day or two. This is nice but I don't think we will stay on this level for months. I expect something better on the month of December.

Indeed, other cryptocurrencies' market value are also in green marks which is a good makret indicator. Probably due to the hype of this last month of the year. But I doubt it would be continuous before this year end but if it will, then that would be good to have a strong start next year. If the market price would be in green marks for a somewhat consistent period (like 2weeks or three), there's a possibility that its market price will be back again at $20k and if it won't then it might stay on $16-$17k price range. Eitherway, holding for now is the best option until there is a clear sign of bullish pattern. Investing would also do so, if you can endure lack of assurance with uprise movement of cryptos' market prices.

We should be jubilant about this current situation because at the end of the day we are talking about something that is a lot better than what we expected and that's a great thing. Nobody really focuses on the bright side of things and only love to focus on the FUD, whenever the price drops everyone talks about how terrible that is and they talk about how something needs to be done and how they should run and all kinds of stuff.

But, when there is a big increase like this nobody focuses on the greatness of things and that is horrible and we should be focusing on something much better. I personally would love to see multiple days of something like this.

couple of hours after you posted this  bitcoin sustain to break 17k but drops back to 16,800  for another hours and now staying and climbing above 17k.

17,190$ is the price now so maybe you are correct that it will be increasing in the coming months or at least maybe 18k before December ends?

The bubble up is real. Everything pumped today as it’s starting to look like the Fed is going to pivot on their interest rate increases sooner than later. A great sign for Bitcoin. More evidence that the ultimate bottom for the year may already be in and we could even get a little Christmas rally here. With people starting to eye the end of this economic contraction and the halving, we could be leaving the worst of it.

$17,000 is already conquered. But this doesn't probably signal anything bullish. I'm afraid the overall market situation right now is still bearish. The news about FTX has not simmered down completely. The domino effect is still very much active. You mentioned Blockfi's bankruptcy filing. This is still all part of the fall of FTX. So this $17,000 rise is probably short term. It could go back to $16,000 anytime from now. Once the dust of failed companies settles down, that's probably the time for the price to stabilize a bit and prepare for the bull run.

And what's more interesting, we're nearer to the halving and this year is about to end. It's true that we may have already done with the bear market, and we already hit the bottom for bitcoin. The world situation is starting to get better than the previous years because they're the worst and that would impact directly to bitcoin even if we say that it's highly not correlated.

$18k at the end of December is possible, more news to come on this month that may affect the price.

Okay. thank you for this information.

But it is not mandatory. The OP can open a thread if he wants, it's not against the rules, and besides there are many people who don't post in the WO because the signature is not visible.

I don't mind speculative threads about price. After all this is the speculation section. It is normal to talk about price rises and falls here.

Regarding what you say OP, I think we will have kind of sideways for a while. Until I see the price go above 30,000 I will not believe we are over the bear market.

Yes, I am expecting the BTC price to be maximum of $18,954.37.

We still have over 500 days left until the halving, so it's not a short time. As I understand it, the positive market reaction is a result of the news from the Fed that they will begin to slow down the pace of raising interest rates but interest rates are still high and they say they can extend rate hike until 2024, so I don't think bear season is really over. We shouldn't get too excited as bitcoin is only up slightly and hasn't been able to break through $18k and $20k is an important level for the end of the year.

This is because the price took these variables into account when FTX’s bankruptcy application was submitted. The market evaluated all these risks at once in the last price market, and almost everyone knew about Blockfi’s bankruptcy, and there was nothing left but the official announcement that did not surprise many.

Also, the change from 16.1k to 17.1k does not represent a real change in the direction of the market, and 17.1K point are not strong resistance.

You are right about the Blockfi's bankruptcy not be a surprise as it did not take the market down but am sure there could be other businesses and exchanges that are affected by what happened at FTX which are not speaking out yet. Are you sure when they do go public it will not also affect the market?

From your prediction, we are going to see bitcoin fall further to below the $17.1k level. What level do you think it will fall to?

if this going to happen then I must celebrate early  ;D :D

the 17k value brings good start for December , will this going to happen continuously in 2023 or will stops this December end?

lol , why not 19k instead of leaving that 46 dollars behind  ;)

Hate to be a downer but I'd wait till the weekend to see if it can hold this level for an entire week first. Nice surprise, of course, as I thought we were headed down farther but this is the resistance line currently and it's got to close more convincingly.

Now the Fed better play nicely heh.

Yes, there's likely a connection about the FED and changing the interest rates. But we have to wait for the official announcement which might come within the next few days or even a week or two or more. It's okay to get excited as we're always dealing with the reality, it just seems that we've already dealt the worst of this season and the market is becoming better. Any price that bitcoin goes up is giving us that boost no matter how huge or small it is.

Apart from the fact that the OP is trying to promote his website in a bad way or is a paid shill, topics like this are almost completely meaningless because they do not provide any important information, but offer us the cheapest speculations. Now that the price has exceeded $17k, should we expect a new thread in which the key figure will be 18?

As people we’re assuming earlier, Bitcoins are moving towards that only. Many big investors had a positive attitude towards Bitcoins. They predicted that Bitcoins will go towards 20k usd by the end of this year. If this truly happens, then definitely we gonna see good price next year. Panic sellers, here is another opportunity to be honest. Don’t ruin it this time. Buy Bitcoins in this cheap price and enjoy profits later on. Just don’t lose hope and don’t get panicked.

Most likely, you are right and the price will fluctuate between 16k $-17k $. At least, I don't see any prerequisites for growth now: both the presence of a bearish trend and the negative informational background. Whether this will be a good opportunity to make a profit in the short term, I can't say. This is the lot of speculators. In my opinion, this is a good opportunity in the long run. The price is still low and someday it will grow many times over. A bullish trend is inevitable.

About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.

I do believe the same thing as well, by the looks of it there is a chance that bitcoin could have a great December, and wouldn't be the first one neither, for a while we haven't had any good Decembers, last I remember was the famous 2017 one and I hope to have another one like that this year. It would be awesome to see it go from 17k at the start and by the start of next year on 1st of January it is suddenly like 45k or something.

It is not impossible for it to happen, there is a good chance that it could very much happen and that is why we should be focusing on anything better in the long run. The great thing about right now is that 17k is a good "start", so it could be so much more.

I also believe it.Bitcoin price staying under $16.4$-$17k last 2month but this weeek bitcoin price growing and reached $17k+. I still believe that bitcoin price correction. Bitcoin is long term survive coin. When bitcoin price dumped then few month or 1 year later New ATH bitcoin more bumped and bitcoin price surprised us.I believe that bitcoin price will recover soon and bitcoin will be more development in future.

As much as I would like your predictions to come true, I would advise you not to be too optimistic as we are still in a bear market and it isn't over yet, things could also turn out differently as well. In most of the bitcoin price discussions at the beginning of the month, people always have bullish expectations, but we see that from September till now, we always end up in the red even though at the beginning of the month, things are going out very well. I am still more cautious with the market than it will recover.

The Fed will meet on the 3rd and will announce rates after that, I also believe that the market will have a positive reaction because many people predict the Fed will actually cut rates for this hike.

If there is no other collapse, we have bottom for this year's bear season but we should pay attention to the rumors surrounding Gemini, Genesis, if they declare bankruptcy then we will continue to find new bottoms. As I said, I will continue to be cautious even though the market is showing positive signals.

There's probably a motion to bitcoin's price together with the entire crypto market. Every announcement that's related to the rates set by the FED, there's an equal reaction to most markets and that's not just only limited to the bitcoin/crypto market. I am in that impression and wanting to believe that if good things come before and after this year ends, we've already seen the bottom and it's not going to be lower than that. But at the same time, this is the crypto market you expect the unexpected.

The current market conditions are chaotic, there are a lot of trust issues, FUD is all over the place, and the lack of support from big investors makes it hard for prices to go up. People tend to stick around and not invest right away even when they realize that $16K or $17K is still low. The bottom may still be reached for the rest of the year, but I don't really expect it.

I cannot predict or be as sure as you that bitcoin will hit 20k in the next few weeks but I will agree with you that this is the right time to buy more bitcoins and hold because bitcoin probably won't go up in the short term but in the long run there's nothing to worry about. If you believe bitcoin can reach 20k, then you should buy more now because when bitcoin hits 20k you will also get a substantial profit.

Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.

The price of bitcoin like the price of any other asset fluctuates, I have never seen the 17k level as important at all, the real resistance level is at 20k and we are going to remain at that price for a very long time, so it is important that people learn to remain calm and try to not give too much attention to something like this since it is simply not worth it, as it would not surprise me if the price went down once again but the price remained above 16k and such a movement will mean absolutely nothing.

But I think it's better to see that price as compare to lower $16k which kinda suck as we are in the $20k'ish prior to the whole collapse of FTX that brought bitcoin market with it. But the thing with this $17k is that it has been fluctuating, as if it doesn't want to rest on this price, meaning it's very hard to sustain and maintain as obviously, there are shortening it and making quick profits. Definitely, the price that we wanted to see is $20k because that is the biggest support we have, but so far, it's going to be very difficult to hit that at the end of the year.

We've seen bitcoin hit $16k and even $15k before but that's not going to stop us from buying it anyway because that's a good price. Hopefully, people can rest easy when they see the price drop again and hit a low so they can use it to buy more. These times are shocking for everyone who never predicted that bitcoin could be at its current price but this is what happened. And some people are ready for this situation and they are happy to see it because they think that they are still given the opportunity to buy bitcoin.

After the price can return to $ 17K, we deserve to be optimistic that the market will immediately rise, it might not skyrocket like 2021, but if the price can reach at least $ 20K at the end of the year, it becomes a good start to see a higher price in 2023. The number of FUDS is very disturbing and panic so that there is a pressure, hopefully the FTX case can end soon and there will be no other Exchanges cases.

Panic will make us regret, if we already know the old bitcoin then this is a golden opportunity to get profit in 2 or a maximum of 3 years, make bitcoin for long -term investment because I'm sure the price and needs of bitcoin will continue to increase, and 2 more years The price will reach at least 5x from now, we cannot get this if investing elsewhere.

Nah, I think bitcoin will stay bearish for awhile, just like in the past, it stays bearish most of the time so the weak hands are tempted to sell their bitcoins. Once investors slowly lose hope, that's when the whales would try to manipulate the market and would do everything to hype a bull run.

I've seen this many times, I'm not saying that will exactly happen, but it does look like that's the trend that is going to happen.

For now, I guess we should just continue to accumulate, eventually once the bull run will come, a new ATH will surely be reach.

If you made a long, you already made a good amount of profit OP. Anyways, I holding long-term and am still planning to add more in the next months until next year. The FTX effect was still big, bitcoin support at $18k was strong and it continued to hold for months until the FTX big news and it smashed bitcoin support. The effect of the bad news though won't last long since bitcoin technology is free from manipulations so it's only a matter of time before it will recover again just like the previous years.

It's been a few days the price of Bitcoin has touched $ 17K, when the price continues to fall until the lowest position some time ago that is $ 15k then I think I will sell assets, and if there are no surprises like FTX I am sure the price will continue to rise and can return to $ 20k, we are See if Bitcoin immediately left $ 17K and touched $ 18K in December.

It's a learning experience though, if we panic and then sell, later we will have to regret our decision and this could be a good lesson for us.

And yeah, even if the market is that bad, it's the right opportune to accumulate. I remember last bear market,  I didn't accumulate this early, it was late before the pandemic and the bitcoin halving. But still though I have to work very hard to invest with the help of DCA and I made good profits.

It's understandable why they're hard on investing right now. We've just been into FTX and other companies that have filed for bankruptcy and announced their closure.
Can't blame if people won't trust and invest for now as that's essential for a market to be in that situation where many are doubting it. And from the news that has circulated not just on us here but also to the circles of media where they've been the headlines and daily news that has been covered.
This shall pass soon, and we'll be seeing how it'll recover.

If the panic is gone already, and the anger phase was out, then maybe we can start the HOPE phase where we can see a slight pump that eventually will turn into optimism. Bitcoin might continue to struggle though in short term as holiday is approaching and many will cash out for sure, after this it will rise again. We are below $17k again but not much, we if ever there’s another good news probably the pump will begin again.

If I'm not mistaken, I've seen charts like this before, anyone, of course, there will always be hope for us, we seen this cycle before, it's like 3/1, 3 years of bear market and then just 1 year of bull run but it's all worth it we will see a massive pump.

As for the end of the year, I remember way back 2018 when we are in this kind of situation, there was such pump.

But this time I don't know, maybe $17k is most likely the price that we are going to see at the end of the day.

Soon everyone will be in the new year and for some investors they will definitely celebrate the new year regardless of market conditions and maybe they will not immediately enter the market at this time before celebrating the new year with their families. $17K is a fantastic price to buy in bulk, but considering the increase hasn't been seen in a significant way, further consideration is needed before putting any new money into the market for now.

It seems like the price of December will be in the range of $ 17k, if it drops it might not be long back to $ 17k, this can be seen from the history since the FTX case occurred 2 weeks ago, with facts like this then I will focus on Hold Long Term and hope prices can skyrocket like 2021.

And the most important thing is not panic when looking at the price of dropping, but always think positively and keep buying.

The price of Bitcoin which dropped sharply from $ 22K to $ 16K in a week when the FTX case occurred now seemed difficult to rise, yesterday the price of $ 17K and today dropped again to around $ 16800, of course this is a long journey to be able to see the price skyrocketing again.

We got crazy if we keep following the chart. The dump and pump are going to happen whether we like it or not.
That is why I keep a distance from the market and tried not to check the price because it only gives us headaches. Because even if we see the price of Bitcoin will reach $20 today, still it gives us no confidence that it will stay there. The bear season still dominating the market and it looks like we never see any improvement that would say we are moving far from it.

The FTX issue is almost over but it feels like still a lot of people can't move on.

Bitcoin closed November price at $17.1k and started December at the same price based on UTC time update. Now Bitcoin is trading at $16.9k and was trading at $17,050 at 12:15 PM according to the CMC chart.

We are still waiting to see what will happen in December and the price of $17k is still a price that will hold on despite the difficulties in the market.
It is highly probable that the price will cross the $17k to be traded this week.

You need to know that market conditions in each year will not always be the same as the previous year, even though you yourself hope that the same thing as last year will happen again next year. The point is that we will all always see different conditions in Bitcoin every year, there will indeed be a price increase in Bitcoin, but to see the same price as last year in Bitcoin next year it seems like it will be a little difficult because this year Bitcoin has experienced a very large decline.

Maybe it will be long, but I also don't think that improvement will be seen in the long term. Because Bitcoin only needs a gradual increase without a bigger drop in order to be at a price closer to ATH in the last year. Because now the price of Bitcoin is very different and the increase will also occur differently if there is no more panic at the end of this year for all investors.

The best price range during december is $17K to $20K, I think that's more convincing than going down to find the lowest price. $17K will be support as bitcoin price strengthens in December so I think we will soon leave strong $16K support untouched.

However the FTX case will continue to impact the bitcoin price in the market for the rest of the year so the possibility of a rebound to $20K is hard to imagine. Bitcoin needs more support and trust after the FTX crash hit crypto, so it's taking a while to get back to $20K. But now that market conditions are looking much better than the start of the FTX crash, this is a positive.

Yes. It appears Bitcoin is pumping, and bucking a bear market. The price of Bitcoin has now reached $ 17k, but the chart conditions are unstable. Maybe this is a good start for crypto growth. We just need to be careful, because problems with crypto keep happening, so we don't cause bigger losses. I think short term trading is better to anticipate bear market.

it becomes a crucial choice for the current market moment. short term is something that is very difficult to predict when market conditions are sideways. I prefer to play spot than futures in current market conditions even though futures has a fast profit ratio but also has a negative impact if we are still beginners in futures trading. in the past two days btc was trading at $17k and there is a possibility to increase in the middle of this month. I saw a chart that was shared on Twitter media, it looks like we will face a beautiful leap this month. therefore I think we have a chance to do a better entry later this year and hold until the middle of next year if we don't have a soul in the long term.

At the end of this year, there were a lot of negative news that hit crypto so that some of them caused big chaos, such as the bankruptcy of Ftx and the collapse of Terra Luna. hence this had a strong downside effect on the btc price in the last month but this month I hope the market impact will be strong again.

If we compare this year's bearish market to past year's bearish markets, we will discover that this year's bearish market is considerably superior in terms of pricing. Crypto only recently went through something terrible this year that has caused many to completely lose faith in it (the luna crash and FXT hack) but we were lucky to still have bitcoin price above $15k.

Since quite some time now, the price of bitcoin has been between $15,800 and $17,000; however, once it is able to break over $17,500, there won't be a decline until the price of bitcoin returns to its previous level of $21,000 and above.

It is important to be prudent when it comes to our predictions about what it could happen during the next weeks, because even if it is a good news that bitcoin has surpassed 17k, at the same time it is not as this is a groundbreaking achievement, and in social media I am already seeing some people predicting a bull market and major upwards movements when we have no idea if this is actually going to happen at all, since the market is so unstable that it could always move in the opposite direction for no apparent reason.

Also, I think the positive news about Brazil accepting  Bitcoin as a mode of payment also helps in the current situation.  FTX FUD diminishing plus good news of adoption simply means a recovery.  I hope the recovery continues and is not just another bull trap.


It is obvious that when FUD effect weaken, and is supplemented by good news, the market will slowly recover because the sentiment is shifting from being bearish to somehow bullish.


There is still the possibility of Bitcoin prices fluctuating from $17k+ to $16k+ because the market sentiment is not yet stable.  Any news will make the sentiment shift depending on what kind of news it is.

Did the people who have lost their money in the FTX incident have recovered their funds already or they as well have disappeared? lol
It's not only the negative trend that we're looking at, we have also to consider those people who have lost their money and was not able to buy Btc back lately. They could've made a good impact to the market recovery.
Nevertheless, Btc has already bounced back to $17k level currently, though Btc gone back and forth from $16k-$17k. No signs of being bullish yet, but it's not something we're expecting next year.

Yes, that is why many traders are still investing in Bitcoin in this bearish season because the market price is still decreasing in the crypto market, so that both the long term traders and short term traders will have the opportunity to achieve a passive incomes in the future. I don't think, the price will decrease more than $16,800 before traders will begin to experience bullish season in the environment which is the best season all the traders are waiting to see right now. I believe, the price will hit back to $40,000 before the end of this year because every December the market price used to improve to allow traders to make a good profits from their investment.

The market is currently showing a positive movement even though the increase is still a small percentage of around 1.7%. I agree with you that $17K was price support in December.

The incident that happened to FTX was unavoidable which had a huge effect on lowering the overall price of the crypto. But if we look at the market situation has started to improve. Of course it will take time and other support to get back to normal as we hope for at least this December to be back at $20K.

The opening of Bitcoin market in green this morning after weekend, is definitely encouraging for market participants but we need to wait for opening of US market in the evening to see this positive trend continues and price is consolidated above 17K during the current week, then we might see Bitcoin moving towards 20K in coming weeks, if decaling trend in inflation continues in coming months.

Last 24 hours, yeah it seems that we are waking in the right side of the bed, it's above $17k now.

So we feel good seeing it going green and the only thing that we can hope is the price sustaining this run and hopefully at least a good $17,500-$18k at the end of the week.

Positive sign indeed, at least though, everyone of us survived the first year of the bear market, and then we will have another one coming 2023, so we should all braced ourselves again.

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

For those who do made up some long position in futures then they do have at least the profits now, and for those who had made out some spot and able to buyback in 15k level then its not really that bad to sell out on

the current position since the price had made out some increase.Although its not something that big but at least making money on short term basis isnt really that bad after all.

For now, its better not to make yourself that too confident on what we are seeing now,maybe it is really just some sort of fake increase just to liquidate into those people who do took up that short position.
If you do make out some scalping and able to buy cheaper earlier then it wont really be that a bad idea on selling out for small margins.Keep repeating until you do able to make money.

For the last few days the price of bitcoin had shown positive movement. The price that fluctuated within specific range have now moved $17000+ and this price barrier cross haven't created support. So, there is more chances of price drop than stabilized progress.

The price fluctuation we are seeing is a leftover of the dust raised by FTX's scandalous act and the market has been trying so hard to recover from that ugly event, I saw practically everything in the market gaining some percentage in the early hours of today and Bitcoin made it above $17,000+ in the early hours of Monday before the price corrected back to little below 17k around 16900 right now. This signal that we are in for a long period of correction since bitcoin has made so many attempts to break that price limit for a long time now. Many bitcoin price analysts have predicted an end-of-the-year Bitcoin bull appearance, but we are already approaching the second week of December and the holiday period is approaching and many Bitcoin holders will do a lot of transactions that could either trigger the market in whatever direction but at this point, nothing significant has been seen with the price of bitcoin.

And once again the price has gone lower than 17k, it seems the bears and the bull are in perfect equilibrium at the moment, however such circumstances do not last long, and taking into account that we are still in a bear market then it is more likely that a negative news could come out that will make the bears even stronger and they will once again make the price to go down, still it is interesting that bitcoin can still trade at this level despite the FTX scandal that we had to face weeks ago.

That means that we are getting ready for a big breakout, and that could be so great for all of us. I do wish that the 20k+ mark could be hit again, it was there for many many months and it was a great period because it meant that it was both stable and it was making a lot of money at the same time, but right now it is a bit more lower and that means all those people who bought for the past 6-8 months ended up with a small loss.

Obviously that will be recovered soon when it hits there, but we need to make sure that we could hit that price a lot quicker next time, and we shouldn't be at these lower levels for too long, it is not good for the market.

$17,108 high price chart in 1D count seen on coinmarketcap. Now the Bitcoin price is still playing between $16.9K to $17,017.
Upon awakening from a sleepless night, Bitcoin started at $16.9K and is still very likely to close today with a high of $17.3K or $17.5K.
https://coinmarketcap.com/currencies/bitcoin/

As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.

Highest recovery price currently reached $17.5k closing price yesterday but potential price will reach $20k in till the end of the year, bear market has been running for too long due to FUD influence from Luna and FTX crash has wrecked the market and we expect significant recovery till early next year, but another option that the worst possible case if the price support could be broken due to the low bitcoin price at $15k.

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

Now the position of increasing and decreasing prices that occur in Bitcoin does seem to move in very small sizes and I personally also believe that the price of Bitcoin will bounce back to $ 17K+ in a matter of days. Because in the past few days I have seen a price chart that tends to be zigzag where it goes up and down in a matter of days and even in a matter of hours. And this is a sign that buying demand for Bitcoin has not increased so that the Bitcoin price also looks difficult to return to the price of $ 20K this month.

The trading volume of bitcoin during the month of December never got above $30 billion daily so this is a sign that the demand for bitcoin in the market is not increasing much even though in recent days the price has crossed $17k. While today's trading volume has increased 11% over the past day based on CMC, the bitcoin price is currently trading under $17K.

Bitcoin is still very likely to reach a price of $20K in December, but there should be some good news that will support the upside. Currently Brazil has started to legalize bitcoin as a means of payment, so I hope that will have a good impact on bitcoin and its price during December.

Even though the market open positively on Monday and bitcoin was trading above 17K giving hope to the bitcoin traders but today on Wednesday we are back under 16900$.

There is no momentum in the bitcoin price, and we see no buying pressure at the moment. Maybe investors are not so confident to invest in bitcoin at this stage or they are anticipating more dump in bitcoin price.

This is a correction taking place in bitcoin and it's still in its natural stages to see its price drop to $16,800 from its previous price of $17k. But if the price continues to drop and even reaches $16k or even $15k, it's probably a big correction happening to bitcoin and we can only be patient. It could be a golden opportunity to buy more bitcoins. Yet again, bitcoin is getting tested to survive and can still hold up.

It is a test of being patient as well. Those who can endure being patient to wait for the next Bull market will get bigger rewards while these impatient people will get less.
The correction still continues, with no signs of recovery but what we see is only a usual price fluctuation and later on, it will drop back again. I'd never thought that this December will show big rallies, I could not expect it until the time the FTX issue is over. I'd still see that Bitcoin will never surpass $20k this month.

I feel that the price will remain at the $16k-$17k level until the end of this month but hopefully there will be an increase even if it is not significant so that our hope of seeing higher prices is realized. And indeed, we have to be patient in waiting for a bull market because this may also be influenced by global economic conditions so that bitcoin will follow suit.

But for next year, the hope to see bitcoin rise even higher will be even more open especially if bitcoin is close to halving. This could trigger the bitcoin price to increase a lot and bitcoin can reach the last ATH in the next 1 or 2 years.

$17,109 was still yesterday's (December 7th) high and never crossed the $17.5K price point. For today the market situation is also similar to yesterday from our observations. Bitcoin started the day at $16.8K.

https://i.imgur.com/JE61FNf.png

The Luna and FTX events are still a factor that causes the crypto market to not revive, but we can say that hope will start next year with a support price of $20K if in the last 3 weeks the market situation has started to turn green which is able to leave the price of $17K.

This could mean that finally the weak hands are running out of money, a development that should be welcomed by the rest of the community, as it is impossible for the market to begin to go up in a significant manner if we still have a bunch of people that want to get rid of their coins, still it is too early to tell if this is the case, since even if the price is still above 17k the recovery that we are experiencing is still small and any bad news could make us see a reversal of this weak trend.

For the end of this year we may not be served by a significant increase but buying demand is slightly stronger but not too strong. However, market movements that occur can trigger a good reaction in the current situation. slowly but surely maybe that's the term that describes the closing price of btc at the end of this year. some of the negative news that happened in the crypto industry this year was quite a big impact on the market situation so we must need patience to see a significant increase.

At the time I am writing this post, BTC is trading at $17200 and we will probably jump $17500 before this week. the bullshit moment that's happening is the buying that's happening right now, we expect the big whales to be able to make some big purchases to push for a bullish finish to the end of the year.

The movement towards the end of the end is marked as strengthening even though it hasn't increased significantly, but the $17k support area might last before reaching $20k, I really hope that the year-end closing price strengthens above $20k but the market potential has not improved and is very vulnerable to being affected by FUD news. We will see the market reaction at the end of the first quarter in 2023.

If the market never shows strong resistance and market demand, it becomes impossible for Bitcoin to reach $20k. For now, we turning green already but still no big changes in its price as we are still in the $17,000 to $17,300 range. FUDs is really a huge influence on the mind of the people and I just hope that the FTX issue will be the last big scam that happen this year so at least the market can also relax.

I hope what I have seen in the market chart today (pump) will continue and so at least we can just reach $20k before the year ended.

$20k is still the next big test that we need to hurdle. Unfortunately because there was a FTX fiasco that really affected us, then the price goes down hard to $15k.

But at least we should all be thankful that once everything has settled down, we are back to $17k++ and that is still a good news for us to see that price going to next year. Expect though that next year might be tougher that 2023, there could be another lower lows in the horizon.

The same strategy though, never panic but instead buy if the price goes again next year, just saying.

$20k is indeed the level we should really keep an eye on and not for having those $200-500 increments which is something that could be considered as a normal movement here on crypto space.
I dont know on why people are really that too reactive when when seeing those +$1000 increment which if we do mind off on how bad we did able to fall.
For next tough resistance which if we do able to break that 17500 or 17800 then we might be seeing that 20k soon but im not really expecting that much considering
that we are really that moving sideways as of this moment which it is really hard to make out decisions whether you should place yourself and consider this as a bottom or
wait up a little bit further.

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

The end of 2022 is better when we talk of increasing rather than decreasing prices and the current market conditions are good. The graph of the increase has been seen, although we have not confirmed that it was the beginning because it is still possible to go back down. But we expect Bitcoin to close the day at $17.5K and another hope to close the month at around $23K.

If the Bitcoin price can get above $20K this month, then next year I think there will be even more chance of a percentage increase to occur.

Having previously under $ 17K, now around 4 days the price of Bitcoin is stable at $ 17K, I'm sure that next week the price can reach $ 18K and in December can reach $ 20k, there may be a small turmoil but will not make Bitcoin fall too deep Luna's case at the end of last November.

Should be more worried about breaking 17.6k first, but I would be happy if Bitcoin could hold at 17k up to next week’s FOMC decision.
I hope the price of bitcoin can rise smoothly, not all at once, so that it will generally fall at once
And in the next two years, as long as you have one BTC, You are a millionaire :)

At this point it is going to be very difficult to know what it will happen during the next year, I am instead expecting a quiet year in which not much happens, now this may not seem as a desirable outcome for many, but when I take into account the turmoil we had to suffer during this year and all the crazy events that happened, I think that what we need the most right now is a period of time in which not much happens and that allow us to accumulate more bitcoin without such a high volatility.

More 20 days to end the month. By now we can't expect big change in the market price of bitcoin. The increase is supposed to happen closer to the Christmas days, and gets carried forward to new year. How far this gonna happen isn't known. The upcoming year based on several predictions is the time to accumulate for the better growth in the long term.

Does the LUNA case have anything to do with Bitcoin ???
I don't even see the LUNA case as an influence for Bitcoin because it has nothing to do with Bitcoin. The Luna problem that occurred this year was due to the creator himself and you should also know who created Bitcoin so that you can sort this out yourself by not equating it with Luna.

Everyone will be happy to see the price of Bitcoin has increased and is at an expensive number. I'm personally still hoping for $20K before the new year, but I would be very grateful if I could see more than that before the new year. Because I only believe in Bitcoin for investment although sometimes I also trade with some of the best altcoins on the market at the moment.

Few weeks ago or will I say months, bitcoin was trading within 20000 dollars. We were expecting a very huge turnaround from that $20000 upward but to a certain time Bitcoin had to remain in that range for a long time as if it wants to form a strong support.
Before we could know what was happening the alleged support was broken and bitcoin came down to 16000 dollars and now it is trading between 16 thousand and 17 thousand dollars. This is to say that for the next two months we might not escape 16000 dollars to 18000 dollars windows because bitcoin will try to form a support here which will give it some strength to push above 20,000 dollars. We shouldn't have high hopes in bitcoin now.

Bitcoin just did great move above 17000 dollar level today. We can safely say now that 17500 may become new resistance in my opinion. I guess some things are getting better in crypto as soon as there are good news in global markets, especially USA. I think this won't mean we are exiting bear market, but its something positive. For us to leave bear market we should see price above 20000 dollar level for long enough like a month at least. But I like Bitcoin isn't that affected by FTX and Blockfi issues.

I know right from time that Bitcoin market degradation is something of time before it can accelerate, i understand that Bitcoin have its ways of price regulations, i do tell people that Bitcoin have to do with rising and falling which i know quite well that the price can rise any day, but people panic in the price of Bitcoin from my perspective because of it's way of reduction, it's obvious that Bitcoin always been in of fluctuations which is what causes the increment of Bitcoin.

18k now which puts highs for today inline with the 50 day average.  That could be the top of the move for now but the ideal is to challenge 19k
  More then particular price points the larger picture comes from the regular price action and the direction of that highs and lows is upwards since the recent low.   Its not going to shoot up, I think its still range bound and the best indication of that will be when all moving averages are able to be positive trending; 50 day average is still descending so remain cautious till thats turned around.

If you want to compare the moment, the last time 50 day average was moving upwards was August.   We did have a sequence of recovery at that point but it failed in the autumn, we havent yet begun to be that positive so theres a fight ahead yet.

The CPI data report was better than what most market analysts were expecting and now market is waiting for next big event of FED meeting to be held tonight, most of analyst expect the interest rate increase will be less than what was announced last time. The good news about inflation was the main catalyst behind rally in Bitcoin which pushed its price above 18K.

Even this morning Bitcoin is trading around $17,800 and hopefully, we will see Bitcoin hitting 20K in coming weeks.

actually closing to 18k now hours after that 17k

https://coinmarketcap.com/currencies/bitcoin/


so approaching to 18k means we are nearly to break 20k at least this December?

cannot wait for this to come , one of the best timing for all who wanted to take funds out at least for celebration of the eve xmass.

These days the market looks good, when the price drops below $ 17k it will be back soon, and today the price has reached $ 17800 so I'm sure if tomorrow or this week the price can be to $ 18k or more, the main focus at this time is continuing to continue Buying, it is not too late to buy because the price increase trend will continue to occur after the FTX case is finished and does not occur again.

How many times now that bitcoin hit 17k but continues to lower the price after several hours , it did not even stay for a day and I hate seeing this.

what I wanna see is that Bitcoin price approaching 20k because this is what i wanna take  this   December .
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but Bitcoin ??

.... It does and still do .

this will happen continuously so never waste your expectations .

it is indeed coming that way, 18k is just a hundred dollars away and we are still in the middle of December so many things will happen in another 15 days.

Almost!! The CPI news was the best thing to happen as everyone expected it would at least be as forecast, but this was the first time it fell well below even forecast. And that was on back of FTX boss arrest, so it seems the bad things are being wiped away.

I think if FED just sticks to their forecast rate of half point + admits that inflation is going down because of them, we can see a push towards 18500 and 19000.

Long fights ahead but we're all up for it :)

Yeah, I have speculated that the Fed are going to cut or at least their last forecast is going to fell way below. And that is what we all have been waiting for, that's why the numbers or the price of bitcoin suddenly jumps and we are inching closing to $18k. Hopefully we will make it before the end of the year, before the FTX we forecast that the price will be at least $20,000.

But since the collapse last month, it's been very hard for us. Yeah, I do agree that it will be a long fight ahead of us. But we should remain calm and just keep on accumulating in this bear market.

A significant increase, especially in Bitcoin, has not happened this month, but I see that in the market the price of Bitcoin is slowly starting to approach $ 18K, although it has not yet reached $ 18K. This can also be a sign that buying demand has started to look a little strong at the end of this year so that price changes in waves are still very common for Bitcoin.

Now the Bitcoin price is at $17800 and it is very close to $18K as I said just now. If in a few days there are large investors who want to enter the market to buy Bitcoin, I think the price increase in Bitcoin will be pushed. Especially if this can be accompanied by positive news for the crypto industry at the end of this year.

Bitcoin hit $18k yesterday, but I don't think this increase is due to increased buyer demand but simply the positive impact of the announced CPI and the possibility that the Fed will also lower interest rates. This news is the main cause of the price increase this time.
Not only cryptocurrencies, yesterday all financial markets such as forex, and stocks also increased after the CPI was announced. Usually, at the end of the year, people will focus on shopping and spending more than investing, so it is more likely that bitcoin will be sold more than bought.

If interest rates are decreased by regulators, bitcoin will gain more value, without any doubts. The bearish market started when interest rates were increased, so it makes sense bitcoin leaves the currently season and enters a bullish one, once the opposite happens.

Besides that, the only problem are the so many scams involving huge money stolen from investors. It will still take a decent length of time until investors recover their trust in crypto market and its companies.

Yes! It is impact of declining trend in CPI which I hope will continue in coming months, as well because crude oil prices are also falling which is a major component of CPI calculation. 50 basis point increase in Interest rate announced yesterday was in line with market expectation, which market had already discounted, that's why we didn't see any jump in Bitcoin price. I think we won't see much volatility in the market till the end of year and Bitcoin price is likely to stabilize around 18K.

The latest price is currently around $17750, up more than 6% compared to last week, seems traumatized because FTX has slowly disappeared so I believe the price will continue to rise and in December I am optimistic it can touch $19k or maybe more. the most important thing when the price is rising is that there are no bad factors like FTX that make the market shake.

So okay, they stuck to the forecast, which the market expected, but I think the problem after that was that they didn't want to say that inflation was going down even though it's pretty clear! Gas/oil prices all coming down, and most of the inflation was due to housing problems, and now we have to wait again for another CPI and Fed rate I guess.

Long long fight as we all expected :(

enough and fair  mate , reaching 19k ? that would be giving me at least 17% in total profit as I bought another chunk last month?
now I am starting to seek for another buy today  ;D
but whatever the outcome of this year? I believe that I have enough to look at.

Crude oil prices fell this time not due to stable supply but due to fears of a prolonged recession, not a positive sign like CPI and it is not included in the calculation of CPI this time.
If bitcoin can stabilize around $18k, it's a success, after all, that's happened in the market, we can't expect bitcoin to recover quickly just because interest rates drop a bit. As @Muneng said, the market needs time to recover from the terrible crash caused by FTX.

We were stuck at $16k last month but we are now at $17k going back and forth around $18k. This was still a great move done by BTC. Let's hope this can continue before we throw our calendars away.

I don't know the exact reason on why can a large investor is entering now? We also don't hear any positive news at the moment. Ah I know, maybe they already got their Christmas Bonuses? :D and they think that bitcoin will be a good Christmas present for themselves. I am no way of complaining but I actually liked it and I want to thank them as they can serve as an inspiration to the retail investors to not be scared despite of what happened in the crypto world last time.

It's because of the CPI report, the Fed says that inflation rate is slowing down, and then we have SBF being arrested in Bahamas. And this news somewhat bring the price to $18k and above. But it seems that the price is not sustainable, as the price is going down right now, as quick as we touch $18k. I guess that's how volatile the market is. On the contrary I'm will be happy if we will see the price just above $17k at the end of the year. We can't ask for more this first year of bear market as the price really tumbled down to lowest low of $15,500 just a month ago.

Yep. At least five years ago it was a top cycle, and now it's a bottom cycle.
The sentiment at this price level is completely the opposite of that time.

When we talk about price, it's about where we are in our understanding of potential too.
And Bitcoin stands out even more in all the current madness.

Those news should have sustained the price at $18k or even higher , But looks like some investors are still in fear of uncertainty and too as we're approaching towards the end of the year some investors/traders would like to take advantage of the SBF news ,CPI report and Fed inflation report which push the price up a bit to take profit and probably stay sidelines until we're officially in 2023.

It's been more than 2 weeks the price is in the $17k range, if it goes up or down it won't be far from $17k, no big surprises yet making investors just waiting for the time to buy or sell, I'm sure the trend this year won't be far from $17k, but if we want big profits then I suggest to buy immediately before the price skyrocketed again.

well wrong . bitcoin driops to 16k mate and it is more than 3 days now , meaning this is the level we will consider till the end of the year.

what i want to attain is the price of bitcoin at least 20k this December , do you thin guys it is still possible to take?

No chance for bitcoin to recover at year end, my prediction bitcoin will not be able to cross $19k by year end. We are getting too many Fuds from Binance and the death of FTX is spreading. A lot of altcoins are being dumped in the market and it is said that DCG is selling them to save themselves. What if DCG goes bankrupt?, would be a bigger disaster.

Lol , Saying NO CHANCE means have you foreseen the future? how come? because even Experts cannot tell what would happen , there is a  opportunity to maintain that but there is also a chance to break out.

remember that this market is full of surprises and full of mystery , the more you eager sometimes is the more you lose.

I know that the market is unpredictable, there are always surprises. There's no chance and that's my guess, not a confirmation. Looking at the current situation as well as the Fuds being spread, I don't want to expect too much and I believe those bad things will cause the market to decline at the end of the year instead of recovering.

Valid reason ,  we are all here to guess and predict  but we still have more than 1 week to make that happen ,
do don't lose hope mate as our future might change any time  this week or the next , as I also seeking for growth planning to take some part of my holdings for this season .

True, it seems that there will be no surprises this year, the price will be under $ 20k, the large number of FUDs on social media makes many people worry, even I believe that these FUDs are financed by haters so they are massive and very sharp, even most of the FUDs are in the form of articles and videos always tell about fraud and scam projects.

Bitcoin is currently at a point where it is not improving.  However, Bitcoin is expected to increase on Christmas Day.  But Bitcoin 20k dollar is more likely as Christmas day is almost approaching this December.  Right now Bitcoin is aiming to boom and everyone will invest and hold Bitcoin.  Because from 69k Bitcoin is currently at 16.7k dollars.  This is the best time to hold.

https://i.imgur.com/OgZti1c.jpg

17k is not that bad, it's near there and it should stay there for a while to make it a strong support point. We have failed to keep the prices up before because we never built a strong support line, if we could have a strong support line where even a bad news can't drop further down then it could have made sense but we haven't done that.

17k is good, it already has a natural "we have come down a lot already" support, but if we build on top of that more and more then it could give the investors an understanding that it would be much harder to make it go down than make it go up. That's how we should be profiting and making money, otherwise it would be very tough.

Yeah, there's nothing we can do if we end around $17k this 2022. Although this is the first time that we have encountered the price really going below a ATH (2017). But at least the market has survived in the first year of this bear market.

So $17k should be considered as good for now, but hopefully the biggest support but now becomes a resistance price, $20k can be achieved next year.

It's a very important support level that we should maintain so that we won't see another lower lows next year.

Month after? bitcoin now stays at 16k and cannot make a move   so approaching 17k again seems to be not coming any time soon. maybe in the next couple of months or maybe in a year time but now looks like impossible to attain.

Bitcoin seemingly stable at 16k and for week now? not moving in up or down.

Looks impossible? I will like to suggest you to go and check the charts of bitcoin to find out what had happened when bitcoin market was trading within two price ranges. Once you spend time on charts then you will never say that "impossible" with respect to speculation on bitcoin market, lol.

Bitcoin market is firmly following the four year long cycle. And surprisingly the events on each year are exactly happening at least for bear market. So, never need to bother about stagnant movements right now; we are going to have changes by next month and that is more than 200% sure.

then we have at least 4 days from now ? then lets see what will happen , stay on your chart and I will on my speculation   ;D

If price breaks 17k again then you win , but if not? then it is decided lol.

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Anyway we are all here to have our own opinion in market , lets just respect each others views because in the end? none of us truly knows what will come lol.