Bitcoin Forum

It's been a while since we have seen any huge price manipulation and bitcoin is fluctuating between 5-10% from few days/weeks and what do you think would be the outcomes? will it be marching towards new milestone of $80K or $100k which has been trending in most of the crypto influencer's channels? I think we have seen this before and bitcoin will surge and probably touch $100k and then whales will start dumping like they did in 2018 in order to buyback at lesser value.

Will we be tricked in to buy at peak or else people have learnt lesson from 2018 dump and act wisely this time?  

There will be a bear market but not yet, I don’t think. This bull market still has room to run imo, we will peak in mid to late December. I don’t know about 100k per coin but I still think this cycle has more ath’s to come before we fall off a cliff in 2022.

Who is tricking who, or what is tricking what, did you know after all price increase and decrease, the result is still one, the result is ATH, if investors can be patient enough, they can just hold, there is nothing bad to hold the money not used in bitcoin, using such to buy bitcoin will be good. In short period, I do not know what bitcoin price might be, it may increase or decrease, but I know bitcoin may not fall below $50000 this year again, but I do not know of next year, but after fall and rise, let us expect ATH.

I see like 3 weeks correction right now to around 50-54k$ price range. Its perfect take profit time for "before taproot activation investors". Buy rumours sell facts. Same was after segwit activation. First 3 weeks dump from 4800 to 3200 and than pump to 20k.

Certainly, there is still room for bull market unless a new milestone is achieved and there are lot of altcoins as well who are yet to reach new ATH since 2017, I think there are chances of those coins pumping ho once bitcoin hits new milestone and gets stable or starts to drop. We had a pretty good year so far and we should be prepared for both the possibilities of bull and bear run.

There is still bullish going on but we don't panic and the price is still holding on to $60k as a basic correction, but I still believe that bears will come but it won't be strong enough to destroy for me it will be a possibility that the bulls can run again until the end of December, with a lot of speculation of high prices as a possible target then we will soon meet it in early 2022.
Of course many panicked and many thought the whales had thrown away with the profits made, but I don't think they can stock up much more for 2022.

To early to tell that there will be a bear market season this end quarter of the year since by looking at the market where there are recovery happen after the dump we can still say that we are in bullish, but maybe we can feel the market change when December month came since if whatever movement happen well maybe it will brought the movement until next year so chill out if you buy at the top then do buy back again if there's a dip.

Not sure, there's a post I read from https://bitcointalk.org/index.php?topic=5371847.0 they say that the analysis says there's no need to worry about the market showing a drastic decline. For me it is also not completely certain. The market conditions are like that, as if they are going to plunge, but the price reversal is actually going up. As for long term holders it's not something to worry about, they can walk away from the market and don't need to know how Bitcoin is entering the Bear Market though. In fact they are used to it and will not do too much. Is it possible to save finances to stable coin? it depends if short-term traders feel confident the Bitcoin price will drop below $50-$40K soon.

I also don't think there is manipulation behind, maybe FUD still lingers causing some investors to sell or shift to altcoins market or any other financial instruments.

As for the bear market, eventually it will come, whether we like or not. But I don't think it's that time yet. The market is still very strong in my opinion, we might see some correction, it's normal. Historically Nov-
Dec has been a good month for us, still very bullish to me. What's we've seen is just another correction and then we will have a break out run to the upside.

Honestly, we don't know their (whales) plan yet, that seems surprising but a need to anticipate before we got caught. It was going to understand that investing in crypto is very risky and we might fall into the trap if we are doing market analysis.

I know that we are familiar with what happens lat 2018 after Bullrun, people are learning that as well but that can't stop people become optimistic in a way that they'll think it never happens. May history repeat itself but not in that hard way as we suffer a long bearish season (3years). I'm doubted that comes again, yeah, can really have that correction, and the price declines but not in the certainty that it drops to $20k, $10k...not anymore.

This question isn't different from the usual question that we're always getting whenever the market plummets a lot. We don't know if it will happen and everyone has their own predictions for bitcoin at the end of this year. For someone who's good at reading the charts, they may have higher accuracy prediction on what's next for bitcoin at the end of this year. In most markets, it's very normal to see a dip just after it came from another ceiling that it has reached.

The question is, how they would able to recognize that we are on a bull trap? It is one of the hardest thing to be known on on which you wouldnt able to determine whether this is some sort of correction or would totally go down on low waters.

We've been through this since from the beginning and i dont know on why people still get surprised with these movements and asking out
some predictions in the end of the year?

No one really knows on what would happen yet price had always been unpredictable in the first place.

The major longterm trend line support seems to be around $53k - $54k. This time it can happen out of the adoption or as a result of long term corrective measure. By this the market could get pushed to create new ATH. By the time it has got some coincidence with the updates taking place with the network. Right now the buy force have declined a lot and the selling has increased. So, for short term we can't expect the market trend to turn completely bullish.

Well, the speculation is this year we will be hitting a new ATH but the question is—is it going to happen or this will be the end and we might see the bear soon? Now, that statement that no one knows is exactly precise but what if Bitcoin hit $100k this year? We can't just predict the future but we can anticipate although, FUDS are just around the corner so it's best to be careful.

It just happened before so the possibility that this is going to happen again is high. So, be cautious on your every move on when to buy or sell. I think this month will have its dramatic show of dumping to pumping until next month. But I do hope next month will bring a new ATH though.

I think that we've probably already seen the top for this bull run.

We'll likely hover around the $60k level for a while, but after the consolidation I am expecting further adjustments downwards.

This is not to say that you should dump all your coins and buy back later - the short term crypto market is as volatile as any market gets. Just be prepared to have some liquidity on hand to DCA if a large dip does occur.

It'd probably be at the start of the new year imo. I'd reckon there'd be quite the hype at the end of the year, though it shouldn't last that long since we'd probably consolidate at that level for a few months, or heck even the entirety of next year even. I don't think it's possible to even go below $50k at this point since we have a pretty solid foundation as of right now, though the price that we could achieve by the end of the year falling back to where we are right now isn't that odd, it'd probably be like this for a few months after reaching that new ath tbh.

I will echo the sentiments of the majority, there's no telling if we have entered a bear market or if this is just a bull trap.

First, the market has undergone a natural thing, once we've reached a certain all time high, it will just corrected itself. Second, there are a lot at stakes right now to call this a bull trap or even the start of a bear market. Everyone is still on the boat of a 6 digit at the end of the year or at least in the first quarter of 2022.

I don’t think $69K was the top. Normally for a top I would expect perhaps a few 20% days and funding to go thru the roof. Back in 2017, the futures funding was very high. If I recall correctly it will maxed out at +0.375% per 8 hours for days.

Then back in April 2021 it was a similar story. The funding basis was something like 50% per year. I remember seeing the June futures at something like 12% premium and I remember the Dec futures it was something like 20%. Obviously this wasn’t sustainable and why it topped back then…

I don’t see this happening currently.

I think 🤔 mostly sideways and in a 50-70k range.

I think this could go well in 2022.

The so called boom occurs next fall not this winter. The boom tops 200k.

But just an I think 🤔

Bitcoin is doing well this year by reaching the new ATH, although we now see the price is on the dip. But sooner or later, the price will start to rise and who knows, this dip means something for bitcoin to get more supports to lift the price to the new ATH soon.

I think the situation will not be the same in 2018 as the whales will think twice about dumping as they did in 2018 because many big companies will not let them easily do that but we do not know yet until that happens. As long as you can act wisely this time, you will see what is going on with the market so you can decide based on the current situation and you will have a chance to take benefits from the situations.

There will be a dilemma for whales whether they will join to dump. If they are going to do it on DEX, there are few orders there but doing it on a big exchange like Binance, they'd be monitored too. Remember that there is already a KYC for them and there is already a law binding these exchanges to report data.  It may really not be a big dip in the market. The reason why they go doe ETH these days is that it's still possible to be anonymous on ETH dex and swapping platforms. And so influencers are sending this idea.

When crypto influencers are very bullish about Bitcoin and they often speak of it going towards a higher price, that usually is a warning sign.
I can't cite some examples of it but when most of the people are in the euphoric stage meaning they are getting FOMO'ed, it usually is a bad sign.

Well, I will be happy to see if Bitcoin will end up the year with a bull run but if the worst thing happens then... so be it :D. Many are hoping that the last few weeks of Bitcoin will be bullish since if we will see the history of Bitcoin within the past years, the last 3 months of it turns out to be a bullish months for it. I just hope that it will happen again. What I don't want to see is Bitcoin ending the year with a series of corrections :D.

The decline in the price of bitcoin that occurred in the last few days in my opinion is only temporary and this could be a good opportunity for us to buy bitcoin, some people predict that bitcoin may fall to touch the price of $ 56K and for me personally this will be an opportunity which is good for buying and storing bitcoin, with bitcoin's strong fundamentals so far, I believe that bitcoin will rise again as usual, so the price decline that is happening now is not something that should make us panic.

It's more of a good opportunity to buy more bitcoin at its low price. After this, holding is still the best option because once bitcoin will go even deeper like $56k down to $50k, then its more likely that we will see bitcoin again rising up and maybe this time $100k will now be possible to be its new ATH. History may only repeat itself so there's no room for panic and worries because the present dump will pave for bitcoin to its new ATH in the next couple of days. Let's be optimistic this time as this dump is just another part of the cycle before bitcoin starts to skyrocket again.

December of 2017 ended up being something that printed in the minds of everyone. I believe that there is a good chance that people just hope for the same thing every sing year. I do not know why people believe that just because it happened in one December, why would it mean that it would happen with the same December? That doesn't mean that it will happen again and I believe that there is going to be nothing like that at the end of the day. So, this is why I believe that there is going to be something and I am not sure if it is going to be just up, it could also be a down.

I am used to having at least one big volatile movement from the crypto prices every month, and yes December will not be different and there will be one big movement. However this is not about "we go up every December" it is about "we move up or down but a lot every month" and that will happen.

I think part of the reason why we are not seeing the huge growth that we have been expecting at the end of this year is precisely because people are being cautious this time around, they do not want to be caught by a fast crash in the price of bitcoin as they were back then, so they are limiting their exposure to bitcoin and this means the demand is not as strong as before, this means that the scenario in which not much happens at the end of the year is becoming more likely as we speak.

Only for those who are making short term investment but for those who do go for long term aspect then it does signify that there are still those who do hold that long even up to this point and never intended to make out some selling.

There's soo much high trust that we do have on the current market at the moment and thats been proved out with the high value as of this moment.

The movement might not really be that high at the moment but at least we are seeing that it does really have the potential.

If we were following main markets they are predicting upto 10% off in the end this year.    We already had great gains, it doesnt continue forever without people profit taking; why because half the money is gambled with leveraged or borrowed cash.   Holidays especially prompt people to step away and close out the trades, we can rise over xmas but imo it requires the sell before that occurs first.

Well I don't think holders the same thinking of profit-taking though you are right that there is no continued rise forever of the crypto price I am confident that there is no time yet for dropping the bitcoin price. We have had a lot of great news recently that makes bitcoin price becomes healthy and rapid growth and perhaps it will continue even until next year. I will consider that this was a bull run, not a hype, and not a bull trap. Though the price is unpredictable you can feel that there is no sign of having a bad market.

We can have that kind of optimism and belief because we trusted the market so well. And we have also witnessed the spike of market demand and adoption that could certainly uplift prices and keep on high. The next stop for Bitcoin will be $80k, I speculated this to happen this year.
But can't hold the market to show crashes just like now, we turn back red once again. However, I can be hopeful that this will end up shortly and rise back stronger to make bullish again until next month.

Closing below $50,000 daily is very dangerous for Bitcoin until the end of this year.
That's why even Bitcoin will visit below $50,000 again any day of this year, we should just close the yearly candle above $50,000. And Bitcoin will do sideways next year $30,000 - $50,000. I can still consider it's not the end of the bull run. We already got a lot of volumes.

if price was going to close & hold above $60k i would say we might have continued being in the bullish phase, but closing below $60k and even seeing $56k this soon is certainly a bull trap! But the good news is what we have is one naughty and wild bull that cant be contained in the lower ranks, sooner or later it will recover and continue its bull run... as the drop is inevitable in helping build momentum using the catapult effect.

But for the end of year a close above $65k should put us on the right track.

It would be unlikely to end this year in a bull trap since all of us are expecting for bitcoin to reach new all time highs this december.  But i'm still optimistic that bitcoin won't settle below $60k before this year ends and will probably recover soon once positive news will hit the market again. Although a big drop for bitcoin price may considered another good opportunity to accumulate bitcoin but considering those long term holders for bitcoin who's looking forward for a new ATH before 2021 ends, i think they will feel very disappointed because their goal has not met. But whatever the price for bitcoin will be, i can see that it's still high and more valuable compared to other crypto coins.

This is already a year of the bull run because bitcoin reach a new ATH this year, it's just in the past few days that bitcoin price is dropping and it's not a big deal as we've witnessed this kind of correction in the past. This year also, we witness bitcoin's low but was able to recover easily, so a dump now should not be surprising as it could really happen despite in a bullish market.

I'm done in speculating this year as all my funds inside the market is for HODL, i even managed to take all my profit when the price reached 64k and buy back when the price fluctuate down to 34k so meaning i am ready to whatever happen to the market this year .
and even in the following years? at least right after the next halving ass i am ok to keep waiting.
only those who are struggling to make profit are the one who is being much aware of what will happen in the year ender.

the way market is showing now? and the way how traders reacting? i think there might be a coming Bull Trapping as one famous analyst says the Bitcoin price is over hype and not appropriate for the market at our time now.
so in this i think market now are being manipulated and any moment the whales will dumped it again, we have seen a fall to below 30k recently so how dip they can do in the market?
Not because there are bullish that happened we can assume that we will be having the whole year, also prices had been up and dump in the whole year so what can we expect in rightful?

Some investors easily panic when they see a huge dump, these are investors who probably invest in crypto without understanding the nature of the market. Why would we panic if bitcoin will fall 10% in a day when we already witnessed it pump more than 10% in a day? It doesn't make sense, right?

If we are here to invest in the long run, we should understand that volatility is normal and bitcoin never fails to amaze us when people slowly lose hope.
So, when people are wary, that's the time to buy as most likely the whales will pump the market afterward.

Anything will be possible as of now, it seems. Because,

1. Some people speculate about extended bull run till 2nd or 3rd quarter of 2022. Final ATH would be around $400k levels.

2. There are people who believe that ATH of 2021 already done and market is reacting to double top right now.

3. The current pull back is just a correction and market will bounce back and we may get at least $100k before bears' dominance.

So, some people may end of catching peaks and also some people will just watch markets and do nothing even they have planned to sell at peak and buyback at bottom.

Yes bitcoin dump happened in 2018 after the ATH but this time may not be the same. Now we have better believers than it was last 4 years. The instructions buying taking longer before they dump that means more coins will still be in the wallet of stronger hands, that will keep price a little steady until the next halving. This time won't be same with last time, dump may be just minor before correction and continuation.

if that is the plan then many of us will surely benefits? because most of us are willing to take out their funds once the price Hits 80k-85k at least ?
am not sure if there are many small traders investor that willing to buy at 80k up this year, i mean if that climb happens our thoughts are whales is manipulating again to bag money from trapped noob investors .

There are graphs that shows on how there can be a Bull Trapping any time before the year ends.

and even a Famous analyst says that bitcoin is overprice in its status now so basically there are possibilities that we are facing a hard time if we expect another hype before December ends.

There is already a big improvement in the market nowadays knowing there is already a strong support from those big institutions who are now adopting bitcoin worldwide. So expect that if any dump will happen, the price won't really go down to its very dip, maybe a slight dump will do. And yes, its really happening now. And besides, the market is now even starting to slowly recover from the recent price correction. The price dump we are experiencing now will soon be back to being bullish and maybe this time, the crypto prices will gain more support so they can easily move up and come up with new ATH.

Yeah, the corrections might have been triggered by lack of volume to break $70k levels which must be another strong psychological resistance level. So, it is highly expected to have quick recovery and the exact scenario is happening right now. This recovery may get enough power to pass through $70k levels toward the rally of highly speculated ATH of $100k; yeah it is still possible within this year.

Hence, most probably we will end up this year with a stronger bull run unlike any other previous cycle of bitcoin market. This way there will be no surprises if we happen to see bull run in next year also unlike any of previous cycles of bitcoin market.

While it is December, market is still very bullish and times are different than 2017, so it is not going to be the same this time as institutional bulls are here to absorb all the selling pressure and take btc to a whole new ath except in cases like the MtGox release if takes place next month. 100k is not going to be a big deal if market absorbs the upcoming dump we are aware of, else there will be too much panic.

the problem is that we do not know when the real peak will occur because it often occurs after a peak there is a much higher peak. this is a risk that must be accepted by bitcoin investors because bitcoin prices are very volatile. even if we buy when the price is down we don't know when the price will hit the lowest price point. I mean buying when the price is high or the price is below has the same risk because investing in bitcoin does have a very high risk.

The current scenario is completely different from the scenario of the past, in 2018 the ICO scammers were full in this market and people bought a lot of bitcoin and ETH to be able to invest in the ICOs and when they realized about the scam cases they started to leave the market and this did With the price falling a lot, today we have a demand coming from institutional investors, from billionaires and governments like El Salvador, so we have a scenario where the price will not fall as much as in the past

We do really love on tagging up the history which i couldnt really blame off because look on past would might really have that relevance on saying on whats happening in the present or on possible future.
For now the best thing to be done is to deal up with things what we are facing now and of course we shouldnt really avoid the fact that there would be might some connections
but you should be wise on making out wise decisions when it comes to these situations because it could be used into your analysis.

In 2018 we had the ICO scammers, what about the DeFi and IDO scammers and then there is a NFT hype as well and many are investing heavily, what happens if everyone of them sells their coin and move out according to your theory  ;).

The institutional investors are not here to boost the market and hold till infinity, they will book their profit and the market will crash.

we have had so many fallbacks in crypto owed to various hypes that we have encountered. and yet, we have seen that despite all these troubles, bitcoin managed to go up to values that no one expected to. scammers will not go away, but i believe a lot of crypto users today are now smarter than ever. but of course, a lot are still being screwed. i have the feeling that we will still have another bull run before the year ends. anyway, everyone is free to make their own speculation. just act according to your instincts and not rely on anybody.

Hypes,fuds,scams etc. would really be always be a part of this market which you should really be getting used to it and be smart on dealing with it off because if you dont then you would really be able to have a hard time on dealing on this very unpredictable market.

Bull trap or bull run it wouldnt matter because it would be just only known when its already happening but knowing it before? Its an impossible task thats why experience would really matter
or differ on each person.

No one could know on what would be the future looks like but we have seen about the past and its probabilities.

2018 was rising Dollar which we do have now, thats probably the most critical and simple thing to observe.   See if it can recover the pricing it lost in July 2020 which led to BTC recovering at that point and eventually breaking out in the Autumn.
   Its not nearly as bearish now, all we are doing is pulling back some of the gains which occurred since July which is alot of ground.   See if we can hold 58k in this formation.

If the FUD were not taken place, I think we already beat the BTC at 70K mark this November. Nonetheless, I think the BTC market will still recover to its 60K+ price within this month and could potentially drop again by December. I can see a lil bit of correction up to 59K+ and could again have momentum at the start of the year. We're witnessing a bull trap this month and dont be fooled with it.

It is true that now we have more strong hands holding bitcoin and this severely limits the downside in the price we could see at the end of the bull run, however at the same time many of them are institutional investors that may not necessarily care about the ideals behind the creation of bitcoin itself, so I think there is a small possibility they could only want to make a quick profit, and as such a crash in the worst case scenario could be exacerbated instead of being tempered by them.

Regardless, I think we are bound for a correction after getting to a new all time high.

Yeah, it could recover to $60k, but I doubt that it will take months though, we are getting closer to it. And with the Asian market opening in about few hours, maybe in the start of this week, we will have a good attempt at it and maybe sustain. So, if that happens then this is not a bull trap but a full mode recovery and on the way to at least $70k.

Do you really trust crypto influencers,when it comes to analyzing the market and predicting the future prices?
I think that most of what crypto influencers say is just wishful thinking and some "feel-good" bullish talk,that is intended to make the newbies buy crypto.I would never trust any advise coming from the crypto influencers.
Anyway,both outcomes (bull run and bull trap) are pretty much OK to me.I'm not obsessed with the future Bitcoin ATH.It can happen during December,or it can happen by the end of 2022.It doesn't matter if the price will hit 70K,80K or 100K.The profit margins are what matters the most.

 

I hAve reaD Also about this thread though i think it has been locked,  Bitcoin will end bumping before the year end and the Bear will take over , So be aware of this to come.
All Analyst has their own views in market specially for Bitcoin , Yeah others says over price while some says it is just what its worth so whom do we need to believe? of course the one that closest to our desire .

I believe that we already had the correction happen and from now out I believe that it will definitely be a recovery. Many people think that the correction is not over and this is purely a dead cat bounce but I disagree with that. At the end of the day December is a good period for crypto historically, and I know that just because it happened in the past doesn't mean it needs to happen again but I know that there is a good chance it may happen.

So, let's hope that we get to 60k+ first and then do a lot better and maybe we could even see a brand new ATH during December as well. Do not fear bitcoin because even if it somehow drops, we all know it will eventually grow bigger.

Like I said in related topics, I still strongly believe that until btc price not reach $100k+ this year or in 2022 we are still in bull market. Its too early to speculate for a bear market coming in the next 2 months. Remember that from the last bull market of 2017, btc price moves really fast and gain almost 300% price increase in just 2 months, if history repeats itself, it may happen again but in I think this is a phenomenal price movement than the past.

Well, I just put it aside thinking if this is a trap or really a Bullrun in form. Because of what I see and know about the market, volatility makes things and prices unpredictable. But I see this uptrend motion is not manipulated, I'd say this is not because of the whales, this is because of the increasing market demand since early this year. This 2021 gives us some idea that cryptocurrency will have a fortune. Seeing the market still healthy and remains unstoppable despite the FUDs and banning in some countries will tell us that there is no way to stop this technology.

We know that history never repeats itself in the exact same way, so I think it is possible that bitcoin does not skyrocket or crashes during this quarter and instead we will have to wait until next year to find out what will happen to bitcoin, now this would not be in line with what we have seen from bitcoin in the past, however there are many people speculating that due to external factors we are no longer in a 4 year cycle, and bitcoin not moving much during December could be a sign of this to be true.

I do agree with you in the fact that volatility makes it a bit unpredictable, and that is not always a bad thing, sometimes I am quite happy with the fact that we can't really predict what the market will do. There is really nothing that I would rather have in crypto aside from volatility, imagine if we had stability in crypto and how boring it would be.

The fact that we have some huge hypes time to time and everyone gets involved with crypto is actually what makes crypto so pumped at times, and that's caused by volatility. Sure during periods like this when the price falls then I agree that it doesn't make sense for people to join that easily, but when it is skyrocketing then you suddenly see more and more people coming in. This is why volatility is such a great thing in crypto and that unpredictable situation makes it so much more valuable.

We need more results because we don't know yet if there's a changes next month, but think positive guyd in fact most analyst saying it will not last like what always happen since mid of the year.. So let's keep our fingers crossed it will happen again and suddenly market show strong support before this year end.  It's very unpredictable to be honest, just imagine how market really exploded this year. So let's wait for more results and be positive always.

trend is the same . bullying then correcting same pattern over again.

and this is also why this market become more popular because of the risk and the thrill in investing , things that Whales and manipulators take as an advantage as they are keep in moving the market favoring their strategies .
actually Only newbie is falling into those traps , mostly old timer investors knows when to buy nd when to sell.

With high volatility of bitcoin, there might be chances for bull run or bull trap at the end of this year. But since the market is still bullish even if there is a current price correction that is happening, i might say that we will end this year having a bull run. Although bitcoin and altcoins are experiencing slight drop down of prices, but i know they will always bound to recover again once the correction is over. For now, maybe let's just enjoy what the price correction has brought to the market and buy potential coins that are still affordable for now.

Given how the prices aren't going where we want it to this month, I think that it's probably a bull run because December is a pretty notorious month that's always proven that the prices will always go up at the end of the month.

If you believe that all December months are proven for prices going up by month end, you still call it notorious? Are you basically a bear? Moreover, December month was the starting point of longer bearish trend in last 2 cycles of bitcoin market. Surprisingly this year, December month might be the beginning point of another stronger bullish rally of current cycle. Because, I am expecting sideways movement for all remaining days of this month and bitcoin may start recovering by first week of December month and then it may start showing us new ATHs which may last till mid of 2022. So, this year may end up in bullish as right now bitcoin is into sideways.

I don't really care what will happen in the end of this year because I already has taken my profit and invested the amount that i can afford to lose.
from bitcoin to altcoins i am good now.

there are some news about  Bear coming and this may count as Bull trap, but there are many news about more increase so what even happens i don't care because i am good.

We cannot tell dude if this year will be a bullrun or a bull trap by the whales unless you have a signals from them only one thing we can do is to wait and hope for the Bitcoin to forward, and we must expect the reality if it will go down.

It’s 50/50 at the moment if we have a bullish end to 2021 or if the top is already in & the start of a bear market is near. I honestly think it’s 50/50 at the moment & could go either way, the market is undecided.

Even the namings are basically tricky. I mean why would it have to be a bull trap just because it goes down? I would say it could be a bull run or a bear run and those are the options available to us. Crypto doesn't always work to trick you into doing things, in fact if you could decide on what you want to achieve then you could literally do whatever you want without worrying about what others are doing. This is why I believe that we should always be focusing on what we do and not what others do.

Bull trap is what others trying to trick you into means, and I do not think that every fall is something like that, sometimes it is just good old fashion bear run and that may happen. I believe we will recover, I believe a bull run will come, but if it doesn't then it will not be a bull trap but a bear run which hasn't happened in a while so I get it.

Well we are still hoping that a bull run will end this year. And one thing that goes with us is that historically, bitcoin rallies before the end of the year so hopefully this will be still the case for this year.

And with that said, there will be no bull trap, what we are going to see is a bull run that might top at around $80k. Not sure if it can go as high as 6 digits as what the majority is expecting though. it will be x2 of the current price and I'm not sure if this could be achieved in a month, although anything is still open in this market.

based on the performance of Market this time? and for the whole year? I think Bull will never leave the market till the next Halving.

yes there are some bearish moment but this will keep on climbing back like what had happened several times from january .
there are some hard deep like  bellowing 30k recently but look at it, making its comeback and makes even higher.

So no BULL TRAP instead it will keep Bull running .

No bull trap but there are correction which is dangerous for new traders which easily get panic towards the movement happening in the market. But lets still not disclose this possibility since there's still chances that we might go on huge decline. But hopefully this will never happen this year since if we can see these to happen for sure many will be dismay on what happen to the crypto market and might it will affect its growing adoption.

I would say that's their problem. We all got into crypto at one point or another when the prices were not doing that well, we all had crashes and bottoms and drops, and we survived them all and managed to do well or even if we didn't then there are many of us who would be able to actually stay this long. So, if you are new and you are doing something that you shouldn't and you get in a panic mode and sell all your coins... well that is your own problem and not ours.

This is why I believe that not all of us should be able to defend for those people or not really change the direction of the coins just because of those people or hold their hands and explain to them when we are doing all of this. Just focus on what you can do and forget about others who are doing things the wrong way, there will always be those people and we can't cater this market for them.

I would never trust a word of those influencers when it comes to any field, it is clear those people more than anything want you to get to do what they want and obviously what they recommend is something that is going to benefit them, and since I care about the benefits I can get from the markets for my own sake then this means that from the very beginning our goals are not aligned, and as such there is no point for myself or anyone else to listen to what they have to say.

Well new trades can take this as positive, enter when the price is on a correction and just continue to hold. So I don't think this is dangerous for them, although it might take some time before they learn a lot in this market specially if it's on a decline. Fundamentals is still growing strong though, so we should remain bullish up to the end of the year and not think of this as a bull trap.

When we're talking about new traders, I don't think they'll get involved in actively trading during small fluctuations, it might cause a gradual loss of funds. I agree that they might not be in danger especially when they keep in safe and hold it till Bitcoin bounce back and gives a relevant return.

On the other hand, I myself don't see any bulltrap in this current market action.

I still strongly believe that the end of this year we will see the price of bitcoin and other crypto pump at a high price. I really believe the current conditions are very different from 2018.
Maybe a lot of people make this year's equation with the end of 2018, however, the reality today is very different. even, when the price dumped, I still strongly believe that the bitcoin price will still be above $40k.
well, maybe the current bitcoin price will not reach the price of $100k this year, but I think, the price of bitcoin reaching $70k still has a pretty big chance. for now, we just need to wait for the bull market.

Right now predicting what the market will do during the short term is proving to be very difficult, right now we are seeing an increase in the price of bitcoin and it is challenging the 60k level, but I do not know if we will reach 100k before the year ends as I think there are a lot of people that are selling as soon as a new ATH is reached as they have not forgotten what happened during 2017.

So I think before we can see the massive bull run we are expecting we will need for this year to end, so investors see that what happened back then is not going to repeat itself and they can invest with confidence in bitcoin knowing it still has a lot of potential for growth during 2022.

This is the main reason why I stopped caring about those influencers was when I was part of a project. In that project I had to contact many of those "influencers" and found out that as long as the project pays them then they will shill those projects. Which means that they do not look at what projects are good and what projects will make the investors money, they only look at projects that they could profit from and that's it.

This is why I honestly believe that there is something wrong with following those people. What people who follow influencers end up with is a guy who shills coins that paid him to shill and you are buying it because that guy was paid to shill it. Makes zero sense if you ask me and that is why I believe we should not be really following them since they are not really doing anything to help us, they are doing it to get richer.

The funny thing is that when you ask this question people are always going to tell you that you should continue buying Bitcoin no matter the situation of the market. Yes, what I am saying is true, and if you look at the comments you are already going to see people who are telling you to buy no matter what. People always say this like you shouldn’t have a consideration of what the market looks like before buying crypto currency, if it was like that then we would all be buying without even doing any proper research.

Well, I wouldn’t tell you not to buy, but some of the analysis that I’ve seen as of recent are predicting more decrease for Bitcoin. But like I said I can’t really tell whether this is accurate or not.So this is a decision that you make for yourself, if you are ready to buy now and you have enough funds to do that, then you can go ahead and do it.

I conclude that this year's equation is different from the 2018 that we all know and with the price playing up and down in just a week is a proof that Bitcoin will still continue to move upward so we are still bullish this year. $100k is just around the corner and next month will be the biggest year if ever Bitcoin would break $100k but I don't want to get my hopes that high so maybe a $70k is enough.

But it depends though whether there is a hype or a positive news that would give a huge impact to the Bitcoin community then we'll surely see bullish trend idk maybe this year or next year but I'm sure that would happen soon.

Bitcoin recovered back again and closing to reach 60k once more.

There might be bad news in the weeks passed yet recovery always takes place so Yes looks like there are a brighter season coming this December.

Though i don't wanna expect too much yet maybe at least taking down that 70k Barricade before the year ends.

I believe bullrun is not yet over and its possible that Bitcoin might reach another ATH again before this year end.

Although most coins are declining this past few days but currently Bitcoin and some alts recovered back again. Its still uncertain if this recovery will going to be consistent but somehow its good to know the price didnt turned down further.

Thus im optimistic the market wont be bloody this December.

I’m also hopeful that we won’t be seeing bear trap this December because bitcoin and most of the major altcoins are still in bullish despite of the recent price correction. In fact, the correction will leave a strong support level for bitcoin to reach a much higher new ATH as well as with solid altcoins before this year ends. If the market won’t permit this year, I know it will always be possible by next year. So it’s a good thing to remain optimistic this time despite of the market’s unpredictable market.

Let's see if we are going to see a new ATH again, lately, when bitcoin hits an ATH, it does not breakout to achieve a higher price, instead, it will just stay within the range and later will correct to a lower price. It's still very unpredictable, but we always hope that we will have a great year end and the only thing it will happen is if the market will be bullish.

Well there is this China FUD lately, but old and recycle news, and then we have the India ban that might put a damp on the market. Or just investors cashing out and moving out from the bitcoin market to go to other investment vehicle.

And the thing is that this is not the first time we've seen this correction. And it's that we have a big expectations this November, and maybe thinking it will be like October wherein we experience a x2 growth. But November thinks otherwise, but we are just a couple of days from December so lets remain positive that it will be a good month and possible to reach $70k++ before the end of 2021.

Its always as it should be because this market wont be called something like this if it were really that predictable and also we wont really calling this to be one if we wont really be seeing these declines and we cant really just see that moving up is always a real thing.For now its neither a bull run or a bull trap.
Its really hard to tell even how good your analysis would be because TA's cant really be precise anytime but somehow having these could really make out
some advantage compared to those who arent using this.

TA is only part of the tools needed to predict the outcome correctly, but we can never be correct all the time. The nature of crypto is being volatile, hence, it will make it unpredictable which most likely majority of the traders and investors would make a wrong judgment, so being smart would help us succeed over them. As for me, the bull run is still here, but it could be a bull trap too.

History says bull trap.  Investors say multiyear bull run.  I think history will likely repeat itself, and maybe has already started ahead of time.  There's no doubt that Bitcoin and to a larger extent crypto is taking off and becoming a mainstream investment.  I have friends I've been trying to get into Bitcoin for over a decade that still have never owned a satoshi, but are now releasing their own NFT collections.  It's pretty crazy, but I'm not sure that any price model has other chains stealing Bitcoin's userbase priced into their models.  As much as I am a 4-year cycle guy, I'm beginning to have my doubts as to whether we'll see the famed $200K next month...  I'm not one to ever count Bitcoin out, but I will admit that my faith is beginning to be questioned. 

We would have to see a correction again, bitcoin has reached multiple ATH this year and has already made the market more profitable. You are right, history will repeat itself so we have to be ready for a possible bear market as that means heavy dumps will be witnessed, and as usual, weak hands will panic and sell at a loss.

What makes you very optimistic that bullrun isn't over yet? Bitcoin already reached its new ATH and it is very possible that the bearish season has just begun. I am also trying to think positively about the current correction, but some experienced BTC holders stated the possibility of a bearish season to begin now. Not sure if those people are trying to make people sell their BTC at a cheap price, or they speak honestly. There are too many rumors and predictions, so I am a bit difficult to understand the current situation in Bitcoin and crypto market.

That is a strong possibility but we must remember that just as things are better than what we saw back then there are also some factors that may negatively affect bitcoin and stop it from reaching a higher price before the end of this year, and one of them is the pandemic, just yesterday there was a drop in the markets due to the appearance of another strain that seems to be even more dangerous than the current one, so this could slow down bitcoin for some time, meaning we could not see the growth we want until the next year.

I don't know what is the relation with the new strain with the current drop of the price, maybe people are just exaggerated and blame that because they think many people got panic about it. But in reality the price of bitcoin is dumping already before that so maybe we can say the main reason of it is the unstable decision of the holder and other investors. Since I think majority now is selling and only few is holding or do buy backs.

Who wouldn't question the price movement and the prediction at the end of this year? I mean everyone is talking about a 6 digit figure price for bitcoin this December and yet the price is still in the $50k'ish.

And to be able to move to the target $100k, we need to double it up which I doubt can happen in just 1 month alone. Otherwise if will be a bubble next year just like 2017 and waiting to be burst.

I would say 6 figures is the "next stop", it is not really stuck in just some timing period, could be 100k by the end of this year? We do not know, maybe it can be or maybe it won't be, but the "goal" that we have right now is not 70k, it is not 80k, its 100k. And that is why I believe that next time we have a huge bullish movement (and not just like some increase to new ATH again) that will be 100k at least or at least close to it. This is what I believe will happen in crypto, maybe it will be easy or maybe it won't be but I know that it will be aiming at that for sure. Let's hope that we break over it, that would be lovely to see.

We are unlikely to see the price move in one month towards 100k because it requires a big bullish which can multiply the gains very significantly but is the market able to fight the current?
Of course there will be a lot of targets happening in December, experts say 70-100k is the ideal price for bitcoin at that time, so I can't deny that this is a bit of a miss and bitcoin could be under 50k.
At the beginning of the year we can see where bitcoin is, if it is still in the range above 50k, a big bullish possibility will come with the next target of 100k.

most people are always optimistic when it comes to bitcoin or these people manage to stay calm and optimistic even when they see the price drop a lot they don't sell, they keep thinking that afterward the price will increase a lot, there are times when really after a big falling, the price starts to rise a lot, but that doesn't mean that it will always be like that. for example this month, the price is falling so it doesn't make much sense to talk about $100,000 for this month

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up.   If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path.   A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

Yes that is almost double of the price now in which over pricing for me , there are even several Predictions that says Bitcoin price is really overprice in market status now.
lets accept the fact that we had gone long this year and that is more than enough to be thankful.
so Yes either 60k or 70k is the ATH? that is for me more better than the past years.

Buying bitcoin when the price is rising very fast does present a higher risk because the price can fall quickly. this incident is the same as the incident a few days ago when the price of bitcoin dropped from $59 to $54k. many people thought the price would keep going up and they bought bitcoin at $58k, but soon the price dropped to $54k. it could be said that many people were caught in this small scale bull trap.

It seems like doing fine so far, I would wager that we are not going to see something that would be insanely unpredictable, it is going to be something decent by the end. I am guessing 60k+ is definitely on the horizon right now and I can't say if we are going to be actually there or not but I can say that it is definitely possible at this point. Maybe breaking into a new ATH may not be a great possibility by the looks of it, but it is definitely a possibility.

I am hoping that 65k or so would be where we finish the year. Whenever the price goes up right at the end of the year, it usually carries to new year and we keep on increasing up until summer, that is actually what I expect and really hope for bitcoin.

I prefer a slow growth and a healthy one than to see the price of the market to rise and then after whales taking profit, we go back to a more cheaper market and this has been happening since then. Hoping not for a bull trap this year, many will surely lose money because of this. Let’s end this year on a better market, don’t spread FUD.

We do love that organic kind of growth and not just those long green and red candle sticks which some people do prefer  to see on.We dont know on what future holds because everything will vary on the demand which we dont have something to hold on.So as a crypto enthusiast then do all sorts of things on which you could possibly take advantage because this market is unpredictable and we know that opportunity comes one into another thats why you should think and act fast according to this things.
You wouldnt really be able to sustain if you dont know on what to do.

Yeah, a stabilized growth is more important against the steep growth. In recent days more Whales have got into the crypto market. Some will try to manipulate and create bull trap, but it won't work well as the past. People are much aware of it, and are more concerned about maintaining the portfolio than selling out of fear.

Of course, a slow growth is want we wanted, organic and not artificial. Because it is the price is being pump by some manipulators, then expect it to be dump as well once this crypto whales play around with our emotions again.

As far as FUD goes, it is part of the market, we all know that. It's really on our side to whether to listen to it or not and be affected.

in the current position, i still doubt where the bulltrap is going or not. If we back to 4 years ago, almost a similar incident occurred sideways and at the end of the year there was a fantastic increase

4 years is a time frame of each Bitcoin halving , remember that this happens mostly in that duration so meaning your comparison down to that season and that is really matter.
most of the year time brings dropping hard for the market but if we know when to buy and to sell , then we maybe safe in our fundings.
remember to Buy always in dip and sell always in hype.

4 years ago there were good news coming along in December like the CBoE and CME bitcoin future contracts. At that time no one really knows that is this kind of offering so everyone jump on the bandwagon and that's why the price goes to a new all time high  that time, almost $20k.

But in this December? we need some good and positive news. The taproot implementation didn't do that much in November. So again, maybe if there is some news that will turn around the market this December, I'm not expecting a massive bull run.

well that 4 years had already happened now so maybe the trap will occur again this next year  as we are near approaching 2022 .
maybe we will count back again for another 3-4 years before another bullish happens .
Yups there are even whales that had just bought recently while the price is at 55k more so meaning they are not hindered with the high price.

I am in favor of bull run than bull trap, btc is recovering and we are only 30 days away from the year end. This sign of recovering of btc price is the sign that year end is most likely a bull run. Btc back to 57k$ and I think it will not stop  to 57k$ maybe it will go back to 60k$ above or even higher.

Yeah, by the looks of it, it seems like there is a good case this could be a good bull run and not a bull trap at all. I assume that it is going to be something very challenging for many people to realize how easy it is for bitcoin to go up. Many people expected it go down even more, a lot of people sold and waited for a bigger dip so they could buy, but the reality is that we are not going to be seeing anything like that at all.

I assume that there is a good chance we could end with another ATH by the end of the year and that means all those people who sold in order to buy more at lower levels would have to actually watch it get even higher.

I would say taproot thing is not something you get to use that easily with everyone involved. Look at lightning network, nobody cared about it but it was such an easy and fast and cheap method. Binance doesn't offer taproot or bach32 stuff just now neither, so I would guess that most people are still using either segwit or even legacy.

I know that it doesn't look like it is a good idea to hope for taproot to change something because it would make things a lot easier and cheaper but at the end of the day if it is not used then it would be useless, quite literally. So I assume that the price changes of 4 years ago and right now are not the same, it is quite different and reasons are very different as well.

Judging from the movement of the graph it looks like bitcoin will decline at the end of December, although the price can't fall to $50k but the price can't go more than $55k. many people are trying to bounce back and it seems that hope will be difficult for investors to achieve.

For now its hard to say it will not fall to $50k since if any bad news will spread which can create a huge panic to the people then it can possibly trigger bear market season but since we are still seeing a good figures and bitcoin didn't go down to that figure maybe we can say that we still have a chance to see it bounce back again. Maybe the less thing we can do is check how the market react until the end of the year since maybe this will give us an indicator about what will be the current next scenario to happen.

We sometimes can't change the mindset of some people to think negatively and get panic once they saw a decline. That's their decision and they usually use this as their basis but the market seems to be unpredictable that most of the time we got wrong. Though we can make such a positive assumption however nothing could be sure about it. It could be a bull trap (very unlikely) or not (we're more on the bullish), we still need to keep our trust.

I think that we are somewhere in the middle now. The current look of the market is like open to every kind of result. For now, Bitcoin price is trying to cling to levels around $55k and $60k. The crucial point is this I assume. If it goes down below $55k, we might see the negative movement contuining. If the opposite happens, then I'd expect the rise to continue.

Bitcoin is hovering between 55,800 and 56,500$  for last few hours. I do not see any buying pressure at the moment and if this continues we might witness a dump of bitcoin price below 55,000$.
Is the New variant of covid the reason for this current bitcoin price movement ?

But this is all within an acceptable range. Dropping below 50k would make me more nervous, but even then I don't think we will see a serious bear market anytime soon. There might be a certain window within we could be moving up and down for a while, but I don't really expect extremely significant moves in either direction.