December’s Significance for Bitcoin: All-Time Highs and Bearish Bottoms

[cheezcarls]

The last few Decembers have been significant for the Bitcoin market. While the final months of the year are typically associated with major price moves in the market, the last two years have seen their own, albeit very different, fireworks.

As pointed out by cryptocurrency analyst The Moon (@themooncarl), two years ago, the price of Bitcoin hit its current all-time high. The bull run that would take Bitcoin from sub $1,000 at the start of 2017 to just under $20,000 peaked on December 16, 2017.

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I would definitely expect that Bitcoin's price may go even lower after the time of this writing.

There will be some Bitcoin holders out there who are cashing out in preparation for Christmas Day.

2017 was great, last year was bad. This year, I cannot conclude that yet because the price comparison from last December to this year, it has more than double in value.

2019 isn't over yet, anything can happen. Either it would bottom to $6k or pump a bit above $7k only. Just my own thoughts guys.

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[BlacksmithCorporation]

I again see a similarity between the bitcoin price of December 2018 and December of this year. Bitcoin has all started to decline since early December and began to rise again one week before Christmas.

[darkangel11]

Not all Decembers. 2012 was pretty slow with small rises, 2013 the 1k bull market, 2014 $150 bottom, 2015 a bullish reversal to $500, 2016 a run back to 1k, 2017 20k bull run, 2018 bottom of the bear market. This December looks like a slow decline compared to the last 6 years, but Decembers are usually really volatile, that's for sure.
Even today there was a lot of money to be made on that $500 dip.

[DreamStage]

I do think Bitcoin's significance has been great so far since 2017.

Of course it had it's high and low moments but if you think about it there has been a virtual wall where price stagnated above the $5k.
Meaning it's best having it this way rather than being way lower than that price value.

No only that but considering other coins you can surely think and expect bitcoin to continue having a stable price and not dropping bottom till 3k (that's my thought based on previous analysis).

[hatshepsut93]

Not all Decembers. 2012 was pretty slow with small rises, 2013 the 1k bull market, 2014 $150 bottom, 2015 a bullish reversal to $500, 2016 a run back to 1k, 2017 20k bull run, 2018 bottom of the bear market. This December looks like a slow decline compared to the last 6 years, but Decembers are usually really volatile, that's for sure.
Even today there was a lot of money to be made on that $500 dip.

Exactly, there's no special significance of December, it's just fresh memory from 2017 causing people to develop bias towards this months now. If you look at 2019, the most important month was April, since during that time the price exploded and had a bullish rally. And in September the market turned bearish with a big crash. What we are having now is really small compared to those months, so it's useless to make comparisons with December 2017 just because it's also a December.

[iamaruf]

Bitcoin lover will love bitcoin.They don’t think price is low or high.They have goal,when they will reach the goal they are done. Even i am not worry that btc is dumping. Every month trying to buy some bitcoin.those who use bitcoin for there Daily life or trade most of the time,they worried about the price. Yes 2018-19 is not good for bitcoin. Maybe 2020-21 will be best for bitcoin. So I have no panic to sell bitcoin.         

[darkangel11]

Exactly, there's no special significance of December, it's just fresh memory from 2017 causing people to develop bias towards this months now. If you look at 2019, the most important month was April, since during that time the price exploded and had a bullish rally.

Pretty much like in April of 2013 when there was that first smaller rally before things got really crazy in December.

And in September the market turned bearish with a big crash. What we are having now is really small compared to those months, so it's useless to make comparisons with December 2017 just because it's also a December.

There's some significance because the end of the year is usually pretty bearish. If a drop doesn't happen in the last 2 weeks of December it happens in the beginning of January. It was like that in 2013, 14, 15 and many other years, probably including this one because I just don't see us going to 10k before the end of the year, so we will finish in a bearish mood.

[dothebeats]

December has always been the moment for remarkable events for bitcoin. Be it from ATH, the start of the fall or whatever, December surely is an important bridge between an old and a new year for the market. Right now, rhe market has been on a slump lately and it seems that the sentiment would be bearish from the end of the year towards the first few weeks of 2020.

[Pearls Before Swine]

2019 isn't over yet, anything can happen. Either it would bottom to $6k or pump a bit above $7k only. Just my own thoughts guys.

I'll agree with all of that.

Looks like bitcoin bounced back up since you wrote your post, which is just as crazy a jump as it was a drop a day or so ago.  What a crazy market it's been lately.  It isn't as tho I haven't seen it like this before, but it's always stomach roiling when bitcoin gets this volatile, but I do have to say that I'm at least happy that it shot back up rather than continue dropping.  Not sure that volatility is over with yet, but it *is* good to see bitcoin back over the $7000 mark, and it's even higher than that right now.

[MURONDI]

bitcoin starts to show a positive trend, at present the increase is approximately 10% I hope this is a good start for bitcoin, maybe the price will reach $ 20,000 in a short amount of time, waiting for good news from bitcoin after a few weeks of decline.

[BrewMaster]

I would definitely expect that Bitcoin's price may go even lower after the time of this writing.

this is the main reason why the market is always so volatile and also why the whales keep getting bigger. people keep thinking that just because there was a small drop like 5% it should continue going down for no reason!
the reality is that most of these drops are unrealistic to begin with so there is no reason for the drop itself to happen let alone for any further drops. that is why we saw price bounce back up above $7k again even though there is a huge amount of panic in the market!

[Rajamuda]

However, predictions aren't always exactly, day by day it seems like bitcoin isn't more shining or not well developed on the public, it seems like it is sinking from time to time because of various bad things that affect it.
But this is not over yet, which in fact the age of bitcoin is still long, December this time seems to look nothing special, however not only in December, but it can also happen at certain moments in other months

[pooya87]

i don't see any significance in month of December, not anymore than any other month of the year. the funny thing is that almost every month people say "this" month is important and we see something significant "this" month. and nothing out of ordinary happens during any of those month, it is just bitcoin doing its thing going up and down regardless of which month we are in.
the only thing i could see about December is that being end of the year and the fact that people are busy with other things could potentially mean less market activity. that's all. but that doesn't mean either fall or rise.

[Wexnident]

Welcome to December. Or rather, welcome to Months? Bullish or Bearish, pump or dump, BTC has done that all these months, all these years, and not one month was excluded for its growth. Just the fact that each December of the 10 years of BTC had different results should show that nothing is really unique about December. Just that it's the end of the year. It's not like how it's a new change/new world every year for BTC. It's more like every year new traders, new coins, and new development of BTC come and go. But as for BTC's price, well, that's just supply and demand.

[Furious 7]

In December there is nothing special about the rise in bitcoin prices but it will be at $7,000 until the end of the year, if compared to December last year it was clearly very different and this time it will approach halving a little yielding at the $7000 level.
And in December this month it is good that we plant well when there is pumping so we can sell it well but other analysts see that the increase at the end of this year is not significant.

[CyberKuro]

Bitcoin is only briefly below $7000, just a few days and right now hold its position above $7100.
We have 12 days left before the end of the year, yes anything can happen, but not in a significant number, probably bitcoin price will set around $7000-$8000 by the end of the year.

[piebeyb]

bitcoin for the 2-year bear market and for the 2-year bull market, if you see the end of the year in the bear price will go down the same as last 2018 and 2019, this is reversed when 2016 and 2017 are 2 years in the bull market, 2020 and 2021 I have analyzed that it is 2 years for the bull market, see again we have 2 years in the 2018 and 2019 bear markets the same as 2014 and 2015, so I will still wait for the whales to play at their lowest prices until the end of this year or they stop playing at a low price again until early next year, I do not expect anything because I only do speculation and history that is usually repeated, Don't buy bitcoin if it hurts 

[whyrqa]

bitcoin for the 2-year bear market and for the 2-year bull market, if you see the end of the year in the bear price will go down the same as last 2018 and 2019, this is reversed when 2016 and 2017 are 2 years in the bull market, 2020 and 2021 I have analyzed that it is 2 years for the bull market, see again we have 2 years in the 2018 and 2019 bear markets the same as 2014 and 2015, so I will still wait for the whales to play at their lowest prices until the end of this year or they stop playing at a low price again until early next year, I do not expect anything because I only do speculation and history that is usually repeated, Don't buy bitcoin if it hurts 

In any case, you can’t give away the last money from your home budget for investments in the cryptocurrency, especially in such a difficult period for the cryptocurrency market.  I also get the impression that at the end of the year, almost every year on the cryptocurrency market there is a strong decline in prices.  Although the end of 2017 was completely different.  But if you recall 2018, when the price dropped to $ 3,000 for Bitcoin and $ 75 for Ethereum, then that period did not portend such a strong decline in prices.
But according to many analysts, the bitcoin rate should change very much, since a narrowing Bollinger channel has formed in the bitcoin chart.  Of course, these indicators can also affect the price of many cryptocurrencies.

[Kemarit]

I look it this way, December 2018, price is $3200, now, we have $7000.

However, I'm looking at the lowest low, $3200 this price will be the starting point when we go on another cycle and achieved all time high again. From that price, it will show many many days we are going to get to get to another alll time high, will it be 2000 days if we're going to based it on the last bullish run?

[stadus]

December 2017 was the best year of crypto so far, not only for bitcoin because altcoins did shine that time and even shine more than BTC, but thanks to BTC for reaching an ATH as it triggered a FOMO.

We all miss that moment especially those who really made money that time, I'm sure some people made a fortune that bull period and personally I have acquired properties out from my profit that time, with my combine profit on investment and bounty income, I am really so thankful on that special event in the crypto space.