What's next for Bitcoin?

[2tang]

the next in Bitcoin is mass adoption and mass adoption, I heard good news again this month that Visa is partnership with USDC,
of course this makes the crypto market excited again, looks like bitcoin has gone up to $ 19100 again, and the big impact is Algorand.
I hope this positive trend always goes well.

The mass adoption is on-going and its really good for bitcoin because its price will continue to go further and yes we still have time this month to achieve a new all time high, I’m confident to end this year with that great news. The next big thing for Bitcoin is about to happen, make sure you have good funds to enjoy the uptrend.

currently bitcoin has reached a price of $ 18,984.00, or nearly touched the highest price in the history of bitcoin. Overall, the increase in the price of Bitcoin so far this year nearly reached 170 percent.
even though at the beginning of 2020, bitcoin was sold for around $ 7,026.28 and again there was a price decline of around 30% due to the impact of the Corona Virus in March 2020 but the hype defi made the price of Bitcoin then rose slowly until it finally broke through the current highest level, as a person Traders, of course, we all hope that the price of bitcoin will be able to destroy the price resistance of $ 20,000 so that the record price of bitcoin in 2017 can be broken or exceeded.

[CapGelatik]

what will happen in Bitcoin of course is still unknown,
the trend in the world of cryptocurrencies is really very mysterious,
maybe after DeFi ends DEX will take over this trend.

[Kong Hey Pakboy]

what will happen in Bitcoin of course is still unknown,
the trend in the world of cryptocurrencies is really very mysterious,
maybe after DeFi ends DEX will take over this trend.

The next move of bitcoin is really unknown because bitcoin's price remains unpredictable, that no one can say when it will go up or down due to its volatility. But I don't think that DeFi projects will end its trend because many investors and big companies have been fascinated with its infrastructure that we don't need to depend on centralized exchanges.

[Saisher]

what will happen in Bitcoin of course is still unknown,
the trend in the world of cryptocurrencies is really very mysterious,
maybe after DeFi ends DEX will take over this trend.

Everybody's expectation has vanished when Bitcoin hit $19k and drop to $17900, it was unexpected because it is the momentum that we are waiting for a long time almost three years but this only shows how volatile the market is, I'm ok with the price but if there will be better or if he hit another all time high I will be very excited on the outcome, let's see how things will play out.

[STT]

Lets look at daily bars since we're closing to end of day, we're into an interesting time in BTC I think.   We're leaving the regular period to rising in a channel and now have a process of consolidation



So I'm thinking we need 18500 to break past this idea of retraction, I didnt include it but highest volume is on days we resolve downwards with a red bar.   High vol helps some to confirm movement into previous buying is meeting market involvement and participation.
   I reckon 50 day average shown in blue just below here is a viable target, as we've moved sideways in this area prior and also its close enough to the Thanksgiving low to revisit now.   UPside target initially would be 19700 to touch that trend held prior, quite valid as a possibility as I only really count closed weekly bars as confirming us ending this cycle since the election.

[LogitechMouse]

I have some regrets not buying Bitcoin during its dumped moment, only if I know this moment will happen again. Well, I hope that it will continue to rise until we reach the peak again and I'm probably waiting at the bottom level and I will buy more for sure and hold until Bitcoin rise again. The trend is not over yet and there's still a huge volume in the market, so I believe bitcoin will end this year with a bang!

Its not only you that has regret. There are many of you that are experiencing the same feelings.

The problem with you investors is that, when the market is going down people are afraid to buy because they are thinking that it might go down lower whenever they entry which is a wrong misconception. This is where TA might help you since you might know which prices it will go down and bounce. When the market is down, people are afraid to buy and when the market is up people are very greedy and they will buy even it is at its peak.

With regards to wait for the bottom level, good luck and I might consider you a pro trader if you know where will be the bottom because even professional traders doesn't know where the bottom is.

[kapalmabur]

Expectation of Bitcoin price to reach $ 20k, but if it is seen that it is very difficult to breakout resistance,
I believe this is quite difficult because Bitcoin price has dropped back to $ 17800,
we will understand after Bitcoin price can be above $ 20k, be careful of trap whales!.

[Xinarae*]

For professional traders there is nothing to be afraid of buying Bitcoin. There will be pump dumps to keep up with the market trend and wait patiently to see Bitcoin's alternative move. Bitcoin will rise to the top even if it goes down at all levels, so traders need to hold on without fear because now the market will rise to the top in 2021, even if it goes up and down between 18k and 19k. The price of currencies will rise further.

[Mahdirakib]

More than a week have been passed since the recent high of bitcoin price. But the so called bull run haven't started yet, many people expected it within this year even I thought about it for a while. Maybe people should take a little more time before investing in btc newly. Currently bitcoin price having reverse move but slowly. I believe it won't go down much and we will see the bull run at next year.

[BTCappu]

I believe we need something major to change things up a bit. I know that the biggest trouble right now is the transaction speed and cost, so my vote goes to finding a way to make transactions in bitcoin a lot faster and cheaper, if we can do that the price of bitcoin can go up a lot more, and I mean literally a lot more, such as 40 thousand or more dollars because that is something that keeps bitcoin movement rigid right now.

However it doesn't have to be something like this, it could be anything close to that and I understand that it would definitely make something more logical happen in the future, I can't think of anything like that, only example is the fee's but anything that makes it go up a lot more would work, we just need some changes.

[exstasie]

Same with myself back in 2018, all Bitcoin i worked for sinked and was left with the fear of losing my hard earnings

This makes me think about Tether. Over the last year or two, I've read some reports about the rise of Tether's popularity for cross-border remittance in China, among exporters and such who are doing business in neighboring countries like Russia.

Supposedly prior to the 2017 bubble popping, their preference was to hold BTC, but after the losses in 2018 there was an exodus towards Tether to avoid Bitcoin's price volatility, and ever since then Tether has received the vast majority of liquidity growth in this market.

Fast forward to now, when there is almost $20 billion in USDT out there. Once $20K is broken to the upside, retail investors will surely take it as a sign of a new bull market. At that point, the whole reason for favoring USDT over BTC evaporates. And that's a whole lot of USDT potentially waiting to flood back into the crypto market! I view this as a hugely bullish factor.

[Quidat]

Sometimes patience is key.  In 2017 and early 2018 when my BTC fell to almost 3K I was frozen in fear as to the best move for my future.  I elected to HOLD because it has worked for me the past 8-10 years.  Today I am about the happiest man alive with my decision.

Same with myself back in 2018, all Bitcoin i worked for sinked and was left with the fear of losing my hard earnings but with hope i was able to fight back my fears and things has changed for better than yesterday. During these trial times, i was able to learn some good lessons from Bitcoin investment: don't ever panic over the price of Bitcoin becasue it will surely bounce back on a long-term.

Good for you that you did able to held back but majority is on the panic seller's side including me where that emotion of fear would really be that extreme specially if you do saw
that the price is crashing out fast and even seeing that 3k price will really give you out that kind perception or belief that it might going lower even more.
What next for Bitcoin? We do all hope on breaking that previous ATH and we do still fail at of this moment but at least the price hadnt crash and still playing
around 17k price levels.Thing here is that we do know on when to sell and when to hold.

[CryptopreneurBrainboss]

For professional traders there is nothing to be afraid of buying Bitcoin. There will be pump dumps to keep up with the market trend and wait patiently to see Bitcoin's alternative move. Bitcoin will rise to the top even if it goes down at all levels, so traders need to hold on without fear because now the market will rise to the top in 2021, even if it goes up and down between 18k and 19k. The price of currencies will rise further.

That's the hope and you see the institutional investors buying bitcoin as investment for the future, while we're only concern about the present price of the coin others with the right knowledge are anticipating for a prosperous future as you can see with every decision they make in acquiring some bitcoin. The ups and downs of the price of bitcoin is what keep the market active and that can't be ignored.

This volatility are needed for continuous growth of the market, the fact is the price today can never stay the same in 5-10 years ahead so if we're buying into the project we should have an estimate of at least 5yeara period to hold until our investment becomes profitable.

Traders don't necessarily need to hold but they need to work on their smartness to able to outsmart the market, investors are the holders while traders are the profits takers.

[Findingnemo]

Bullish trend always raises these type of queries among investors but no one really knows when the prices is going to be moon and even we actually don't know the value for moon so just let the prices to be in its flow and enjoy your profits in meanwhile.

[jaberwock]

I think there is a need for implementing bitcoin and other cryptos into our lives as a next step. I can't talk about price for now, but if we do that, we are going to get a lot more interest from a lot more places as well.

It is obvious that we need some sort of system where bitcoin and crypto is used in our regular lives and not just exchanges or gambling or stuff like that, if there were apps that you could do your daily shopping, buying a bread, some milk, maybe breakfast stuff so forth with crypto that would be great for example, or maybe some payment method that allows you to pay for your bills every month would work too?

Moreover, we are talking about a world where it is incredibly difficult to spend bitcoin in a large sum amount of money for your needs, we still pay with cash or any form of fiat, we need to go beyond that and find a way to bring bitcoin to regular lives.