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

[panganib999]

Well december is the end of the year after all. We can actually say it's like a moving phase for BTC, one that can actually be considered quite big for it. At the moment, BTC has pumped to 7k, turning its back from the bears of 6.6k. However, it is only the half of the month. The end season still hasn't really sinked it, so yea, anything could really happen. But I assume BTC would actually continue like this, playing with the bears, and only till next year, would it actually fight back properly since it's halving is already just by the corner.

[radjie]

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.

Source link here

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.

If we compare the market price movements two years ago with now there is clearly a big difference, but the fact is true as you said before there will be a decline in market prices because most people will choose to sell bitcoin to be converted into cash because there will be a Christmas celebration, and that always happen every year. but usually after that, market prices will rise a bit, and I also predict bitcoin prices will be in the range of $ 8000 until the end of this year

[moviebuff777]

I think the time of year is completely independent of the price. I think there are many factors at play that affect the price such as economy, regulations, recent news, and specific events related to Bitcoin such as the halvening.

[stomachgrowls]

If we compare the market price movements two years ago with now there is clearly a big difference, but the fact is true as you said before there will be a decline in market prices because most people will choose to sell bitcoin to be converted into cash because there will be a Christmas celebration, and that always happen every year. but usually after that, market prices will rise a bit, and I also predict bitcoin prices will be in the range of $ 8000 until the end of this year

Year by year we cant really conclude that price and its movements would really be the same.We already see the difference and we therefore conclude that theres no such thing
on what we called "patter" there are lots of factors that do affect movement.

To the thing you had said about Christmas celebration sell-off, so far we havent seen it yet the price decrease a few weeks ago isnt really that big of a gap to consider a sell off
but rather an ordinary day of volatility.

[STT]

I'll call it short term and we are in a moment of indecision where we align many time frames into similar pricing.  7222 to beat basically



This could be taken as a range bound trade, I would guess something along the lines of we repeat within the boundaries of this box.   Us being towards the upper range of that box.    What I mean by multiple time frames is the 2 day average, 8 day and 30 day average pricing are all at our current pricing and I want to see 7222+ or better pricing confirm to change my mind on us likely looping prior action as shown.
   That is before we consider wider implications of price history, obviously I marked 7400 on the chart.   I'll go with the KISS principle for now.

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

For me BTC is like trying to predict weather on the dark side of the moon, how can I estimate what I cant see.  Its very hard for me to know how Asia will act, its not a culture or body of people I can really say I know well enough.
   We have a strange dichotomy in Bitcoin where we got western users who dont exactly require BTC but we also have failed states who do really need the utility of BTC for various reasons.  In the end I think we'll all find a greater use for BTC in future then now but so far as saying Xmas is an influence then no its only minor.  The world is massive and so many people and countries arent based on christian festivals, I reckon those people are a driving force long term.    I just rely on price and graphs and I hope its not too distorted to show me a fair picture of users collectively.

[owengtam09]

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.

Source link here

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 of 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.

I didn't expect more from bitcoin this year, even though every end of the year has happenings. At this time, I don't see something will happen special. It is just a normal end of the year for bitcoin I guess. The price now is getting lower because of holidays and that's what I observe every 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 

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.

I do not invite people to spend their money to buy even those are their decisions, to be honest I do not use Bollinger indicators and I only use MACD and RSI indicators that are far more sufficient, we need to know the indicators we use to analyze do not provide we have any impact on reading charts in the future because it was the trader who made it not us, so who determines trends in the future whether it is an indicator of bollinger or traders?

now what we know is that all traders' brains already know about 2020 halving, whether it will create a new trend when they assume and say it's time, any indicator will change, because we analyze and traders make the charts directed, we are not analyzing but traders and investors who make charts can surprise anyone, a few weeks will determine the price of the next bitcoin, hopefully it's surprising 

[Ferris419]

2017 was exceptional for Bitcoin and the whole crypto market. The first half of 2018 was better though but the rest of the year everyone wants to forget and go forward, and the December month was full of bearish. This year I would say was very normal, the price of Bitcoin went to a good high at 13.8K USD, and the December month is ending with 7.2k USD, which is better than 2018. Only 4 days left to end of 2019, I don't think Bitcoin price will hit 8K or decline to under 7K, it can stay at 7K USD zone. Maybe the next year we will end the December month as like 2017, who knows!

[bitbunnny]

Every year in December we have the same discussion. How December influences Bitcoin price, why price falls down and how much will Bitcoin rise next year, will 2017 price scenario repeat again?
I think that current price correction doesn't have anything to do with December or increased activities in.exchanging to fiat, it would have happened anyway. Also, I don't expect bigger price jump next year, 10000 in first six months could be the peak.

[alexsandria]

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.

I felt jealous because I was just getting started by that time. Making fortune but not totally a property of my own. Lots of people are missing that golden time again, and we may yet experience it again in 2021? Do you think guys? My basis are the last 2017 bullrun was made by halving in 2016. So, if halving would happen in 2020 bullrun might happen a year after then. Well, anyway just a thought of mine but still who knows right?

[ethereumhunter]

I felt jealous because I was just getting started by that time. Making fortune but not totally a property of my own. Lots of people are missing that golden time again, and we may yet experience it again in 2021? Do you think guys? My basis are the last 2017 bullrun was made by halving in 2016. So, if halving would happen in 2020 bullrun might happen a year after then. Well, anyway just a thought of mine but still who knows right?

You don't have to feel jealous because you will have your time to see the bull run comes. We will have that experience again in the next year or 2021, but you need to prepare yourself by making many bitcoin from now, so you don't be late to join with the other people to sell bitcoin. I am sure that we will make a big profit in the next years so we still need to focus on making more bitcoin otherwise you will regret it again because you will need to wait for long to see bitcoin at the highest price.

[el kaka22]

Maybe there are superb movements on December because it is a decision time for many people? Think of new years resolution, that means on December there are a lot of people who are trying to start the new year fresh and they are trying to make big decisions that will affect the whole year. Sure, most of us fail and stop, I have quit smoking on the new years probably 10 years in a row now and I still smoke, hopefully one day I will quit.

However, bitcoin is not like that, it is not a continuous problem that people have, if you want to quit bitcoin you just sell all your money and never look back (or maybe you can come back later on) or you may just want to decide that financial freedom is too important and you want to get rich too. So, every December (and even November) there are big moves since millions of people make decisions collectively about bitcoin.

[Wysi]

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.

Source link here

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 of 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.

I didn't expect more from bitcoin this year, even though every end of the year has happenings. At this time, I don't see something will happen special. It is just a normal end of the year for bitcoin I guess. The price now is getting lower because of holidays and that's what I observe every end of the year

Yes this year is no different as we have always witnessed price dump during the end of the year owing to holiday season but there are users who always expect a bull run every December. The year 2020 will bring a change to Bitcoin for sure due to halving.  We need to stop expecting a bull run anytime sooner.

[minersday]

The end of the year has always been a great spike for the crypto market but this year and last year has been quite down. But let's not forget, i think this year is better than last year. The heartbreak of most crypto enthusiasts is that many were thinking the end of the year can see a short bull run of bitcoin but this did not happen. Let's hope we see a great rise in price by the middle of next year.

[boltz]

I think the 2 bottoms this year was good enough for an entry into bitcoin especially when the market was bearish when you try to accumulate. The 15k$ bounce back was also there were nice profits to made if you knew when to sell and buy in all this bearish market that is not over it seems the breakout is there but cannot move further for now. I'm worried also a lot about altcoins...this time for real only a few of them will make it.

[wxxyrqa]

I think the 2 bottoms this year was good enough for an entry into bitcoin especially when the market was bearish when you try to accumulate. The 15k$ bounce back was also there were nice profits to made if you knew when to sell and buy in all this bearish market that is not over it seems the breakout is there but cannot move further for now. I'm worried also a lot about altcoins...this time for real only a few of them will make it.

Most likely, we will survive the very period that we spoke about earlier, when the cryptocurrency market makes a correction, thanks to which many unnecessary cryptocurrencies will leave the market.  The fact is that many cryptocurrencies on the market, including some altcoin, supported their price solely thanks to speculators, which in turn prevented other projects from developing.  Perhaps due to such a development of events, we will get rid of junk coins in the cryptocurrency market.

[Febo]

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 can tell you. 2019 December will be pretty much stable. No change in positive or negative. Probably 2020 will be not much different.

[fravia]

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 can tell you. 2019 December will be pretty much stable. No change in positive or negative. Probably 2020 will be not much different.

that would be devastating to bitcoin in a long run then. The thing is that we must pump around the halving, otherwise many people will lose hope in btc and decide to sell it off. If we don't want to end up with the price plunging down, we have to pump soon. However, I must admit that december this year was useless just some chopiness to mess people up

[karanggatak]

during the month of December some bitcoin holders always predict that the price of bitcoin will go down. because many people will sell their bitcoins for Christmas and New Year celebrations. I think this statement is not entirely true. because even though there really are people who sell bitcoin for Christmas. but it will not have a big impact on the price of bitcoin because the amount of bitcoin sold is not large. and I think the decline that occurred in December is something that is common in bitcoin fluctuations.

[gabmen]

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 can tell you. 2019 December will be pretty much stable. No change in positive or negative. Probably 2020 will be not much different.

that would be devastating to bitcoin in a long run then. The thing is that we must pump around the halving, otherwise many people will lose hope in btc and decide to sell it off. If we don't want to end up with the price plunging down, we have to pump soon. However, I must admit that december this year was useless just some chopiness to mess people up

Why would people lose hope if btc doesn't pump after halving? I mean it's a bit foolish to get into bitcoin expecting returns on a certain point, right? Since nothing's really certain about anything in crypto, if you're now expecting a price surge after a certain event, you're already setting yourself up for disappointment. The coming halving may or may not improve the price significantly like before. But i didn't buy and held btc just for that.