Aren't we headed towards getting a 10k (or maybe higher) shot again?

[daarul50]

Well, that was a bull trap.

I don't know why there was so much resistance at $10k, but for whatever reason, the resistance is certainly and undeniably there. I think that prices should head lower now given that we're likely going to retest support at $8k once again with a lack of bullish momentum.

That's not to say that people should all of a sudden start panicking or whatnot. They should absolutely not. With the halving coming un and the improved fundamentals, there is really nothing to worry about honestly.

pretty simple actually , the last bull run was stopped at around $10 k .

then people start to draw a conclusion that $10k should be a reasonable resistance point , this is a common point of view . everyone will have the same thought about this and guess what will happened if someone find out that this is a glitch.
a glitch that lead to an unexpected move , the predictions that made by everyone else turned wrong , this has been happened in 2018 right?

i don't expect this to happen , but let's anticipate it coming through.

[drachman]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

[dunfida]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

Playing its price on 6k range isnt a terrible year for those who hold some btc into their stashes.As long you dont go for short term then you wouldnt really mind too much on your port.
Its just been common to have these kind of movement as always here on crypto space.There would be dumps then recovery or even a shoot up in price then later on a certain correction happen
then going sideways for long time then suddenly moves either ups and downs.As a supporter you should really be ready and prepared into such situation.

[drachman]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

Playing its price on 6k range isnt a terrible year for those who hold some btc into their stashes.As long you dont go for short term then you wouldnt really mind too much on your port.
Its just been common to have these kind of movement as always here on crypto space.There would be dumps then recovery or even a shoot up in price then later on a certain correction happen
then going sideways for long time then suddenly moves either ups and downs.As a supporter you should really be ready and prepared into such situation.

If you are talking about the holders that have been in possession of their coins for years then you are right a price of 6000 is not really a problem for them, but we must recognize that they are an exception, I'm pretty sure that many people that are holding bitcoin today bought it when the price was above 10000 believing that we will see another all time high only to be disappointed once again, so holders like that are in trouble and if they begin to sell because of the panic then the price could crash.

[gabmen]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

Playing its price on 6k range isnt a terrible year for those who hold some btc into their stashes.As long you dont go for short term then you wouldnt really mind too much on your port.
Its just been common to have these kind of movement as always here on crypto space.There would be dumps then recovery or even a shoot up in price then later on a certain correction happen
then going sideways for long time then suddenly moves either ups and downs.As a supporter you should really be ready and prepared into such situation.

If you are talking about the holders that have been in possession of their coins for years then you are right a price of 6000 is not really a problem for them, but we must recognize that they are an exception, I'm pretty sure that many people that are holding bitcoin today bought it when the price was above 10000 believing that we will see another all time high only to be disappointed once again, so holders like that are in trouble and if they begin to sell because of the panic then the price could crash.

Well it's their problem. People should've learned from 2018 already. It's getting yourself too hyped over btc's movement at a certain point could be very costly in the short run. It seems that the 4th quarter of the year always has a surprise for us. We just don't know if it's a good or a bad one. I don't doubt that 10k can be achieved. We just don't know when and what would cause it. It could be caused by a sudden event or we can gradually get there in time. I'd prefer the latter.

[kapalmabur]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

Playing its price on 6k range isnt a terrible year for those who hold some btc into their stashes.As long you dont go for short term then you wouldnt really mind too much on your port.
Its just been common to have these kind of movement as always here on crypto space.There would be dumps then recovery or even a shoot up in price then later on a certain correction happen
then going sideways for long time then suddenly moves either ups and downs.As a supporter you should really be ready and prepared into such situation.

If you are talking about the holders that have been in possession of their coins for years then you are right a price of 6000 is not really a problem for them, but we must recognize that they are an exception, I'm pretty sure that many people that are holding bitcoin today bought it when the price was above 10000 believing that we will see another all time high only to be disappointed once again, so holders like that are in trouble and if they begin to sell because of the panic then the price could crash.

Well it's their problem. People should've learned from 2018 already. It's getting yourself too hyped over btc's movement at a certain point could be very costly in the short run. It seems that the 4th quarter of the year always has a surprise for us. We just don't know if it's a good or a bad one. I don't doubt that 10k can be achieved. We just don't know when and what would cause it. It could be caused by a sudden event or we can gradually get there in time. I'd prefer the latter.

buy when prices under support are good for long-term use, you know the history of bitcoin performance has increased year by year, even though there have been a number of bad years, but bitcoin can still be long-term if you understand, then if you follow HYPE or FOMO do it so that you do not follow it is very risky

[Ayiranorea]

bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone 

And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin.

Playing its price on 6k range isnt a terrible year for those who hold some btc into their stashes.As long you dont go for short term then you wouldnt really mind too much on your port.
Its just been common to have these kind of movement as always here on crypto space.There would be dumps then recovery or even a shoot up in price then later on a certain correction happen
then going sideways for long time then suddenly moves either ups and downs.As a supporter you should really be ready and prepared into such situation.

If you are talking about the holders that have been in possession of their coins for years then you are right a price of 6000 is not really a problem for them, but we must recognize that they are an exception, I'm pretty sure that many people that are holding bitcoin today bought it when the price was above 10000 believing that we will see another all time high only to be disappointed once again, so holders like that are in trouble and if they begin to sell because of the panic then the price could crash.

Well it's their problem. People should've learned from 2018 already. It's getting yourself too hyped over btc's movement at a certain point could be very costly in the short run. It seems that the 4th quarter of the year always has a surprise for us. We just don't know if it's a good or a bad one. I don't doubt that 10k can be achieved. We just don't know when and what would cause it. It could be caused by a sudden event or we can gradually get there in time. I'd prefer the latter.

buy when prices under support are good for long-term use, you know the history of bitcoin performance has increased year by year, even though there have been a number of bad years, but bitcoin can still be long-term if you understand, then if you follow HYPE or FOMO do it so that you do not follow it is very risky

When we consider about the market support it is good to buy when the price is much low. This is really possible when the trend is bearish. By the time very few believe it to be a good time to invest while majority get into the panic state and feels of missing the opportunity later. Market always has its risk, it is us who need to act right at the right time.

[drachman]

Well it's their problem. People should've learned from 2018 already. It's getting yourself too hyped over btc's movement at a certain point could be very costly in the short run. It seems that the 4th quarter of the year always has a surprise for us. We just don't know if it's a good or a bad one. I don't doubt that 10k can be achieved. We just don't know when and what would cause it. It could be caused by a sudden event or we can gradually get there in time. I'd prefer the latter.

People like that never really learn because what happens to them is that after they lose their money by investing in bitcoin they decide that they want to get the money that they have lost immediately and they invest in altcoins, and as you may guess instead of recovering the money that they have lost they lose whatever they had left and instead of admitting that they made a mistake it is way easier to blame the market for what happened to them never learning their lesson in this process.

[barabarian1]

in my opinion bitcion is quite difficult to reach $ 10k by the end of this year. right now we are in December and bitcoin prices remain at $ 7k. but I did not give up hope
bitcoin is very volatile and can go up and down suddenly with large volumes. there is still hope for bitcoin to reach $ 10k by the end of this year. I'm sure bitcoin can pump again. I'll be patient and wait.

[dodgrad]

in my opinion bitcion is quite difficult to reach $ 10k by the end of this year. right now we are in December and bitcoin prices remain at $ 7k. but I did not give up hope
bitcoin is very volatile and can go up and down suddenly with large volumes. there is still hope for bitcoin to reach $ 10k by the end of this year. I'm sure bitcoin can pump again. I'll be patient and wait.

There is no chance that the price will reach $10k by the end of the year. December is the month in which investors take their eyes off the charts and take care of the family. I think that by the end of the year the price will not change, and the increases will start in January.

[clickerz]

in my opinion bitcion is quite difficult to reach $ 10k by the end of this year. right now we are in December and bitcoin prices remain at $ 7k. but I did not give up hope
bitcoin is very volatile and can go up and down suddenly with large volumes. there is still hope for bitcoin to reach $ 10k by the end of this year. I'm sure bitcoin can pump again. I'll be patient and wait.

We cannot tell since the price in crypto is sometimes unpredictable. Sometimes you have a perfect analysis but there are some instances that results are beyond expectation. Since we are in the last months of the year I hope that it will slowly recover and hopefully next year we see the momentum.

[drachman]

in my opinion bitcion is quite difficult to reach $ 10k by the end of this year. right now we are in December and bitcoin prices remain at $ 7k. but I did not give up hope
bitcoin is very volatile and can go up and down suddenly with large volumes. there is still hope for bitcoin to reach $ 10k by the end of this year. I'm sure bitcoin can pump again. I'll be patient and wait.

We cannot tell since the price in crypto is sometimes unpredictable. Sometimes you have a perfect analysis but there are some instances that results are beyond expectation. Since we are in the last months of the year I hope that it will slowly recover and hopefully next year we see the momentum.

The year is slowly coming to an end and we are still very close to 7000 so it doesn't seem likely that we are going to reach 10000 by the end of this year, however I agree with you when you say that anything can happen with bitcoin, we cannot really discard that during the last days of the year we see a huge pump that will allow bitcoin to reach those prices, in fact several weeks ago the price of bitcoin moved by 3000 dollars in just 24 hours and we cannot discard that could happen again.

[Wexlike]

It's shaping up to be a very... interesting week. Big money flying around in the traditional markets -- corporate tax payments, T-bill settlements and so on -- could cause a gotcha or two. Fed says it's going to inject another $500 billion to backstop the whole thing so no immediate worries... maybe.

I bet a lot of the demand in the Bitcoin spot market these days is from individuals with some extra knowledge of what's going down in the traditional banking/financial world. It definitely feels like we're at the Bear Stearns phase of this coming meltdown, like someone is quietly getting bailed out of bankruptcy. The Lehman phase can't be far off.

Pay attention to traditional financial news this week. Could be some golden nuggets if you know how to read between the lines. There will either be a frantic attempt to dump BTC or an unstoppable wave of panic buying from those "in the know."

[figmentofmyass]

looks like we're probably headed to $6k (at least) first......

I bet a lot of the demand in the Bitcoin spot market these days is from individuals with some extra knowledge of what's going down in the traditional banking/financial world. It definitely feels like we're at the Bear Stearns phase of this coming meltdown, like someone is quietly getting bailed out of bankruptcy. The Lehman phase can't be far off.

the market doesn't believe that at all. look at the stock markets---they keep making new highs. the SPX and NASDAQ literally both just made a new ATH today. the market is exuberant, which is a very different context than when bear stearns was acquired. at that time, the market had already topped, made a lower high, and sold off.

everybody is chomping at the bit trying to predict the next recession and financial crisis. too soon IMO.

[The Sceptical Chymist]

Last month I wrote this in this thread:

<snip>but I do think $10k is going to be the next stop once bitcoin can break out of this range its been in.  The market vibe is definitely more bullish right now than bearish, which is a change from only a month or so ago when bitcoin was at $7k.  

Whoops, guess I was very much wrong.  Bitcoin did sink to $66XX after I wrote that (I think), but I kind of figured that it wouldn't happen again--but obviously it's doing that right now, as the price is $6891 at the moment.  That's what I get for making silly predictions about bitcoin, the most unpredictable asset ever known to man.  I'll never understand its machinations.  I will keep my hope up that $10k isn't out of the question for next year, though.

looks like we're probably headed to $6k (at least) first......

Hopefully not that low, but who knows.  I sure as hell don't.

[veleten]

this year might end on the lowest note , this is  surprising since the last quarter is usually pretty good for bitcoin
there has been predominantly bullish trend in the fourth quarter and ATH of 2017 happened too
I guess not this time ,after re-revisiting 10k several times this year , we seem to be looking to end it in between 6.700-7.500$ range
again , predicting BTC price is pointless ,but this thread is speculation , so I'm speculating
if you look at the big picture instead , next year is what going to be a fun year , because of the halving
so it doesn't really matter if we drop to 6k or not , I am almost sure ( as much as you can be with btc , lol ) we will see a substantial price growth come next year and through out the next couple of years , because this is how it behaves historically during the halving ,its a parabolic increase