What will Bitcoin do next in the near term?

[lionheart78]

The bitcoin market is really unpredictable.  Even pro analys is having a hard time guessing the next movement of Bitcoin.  I think there is nothing we can do to know the next movement than just wait for it to happen.  TA provides predictions but it is just a 50/50 chance or way lower for that prediction to happen.  they always present a two way movement which simply shows that they themselves are very unsure of what will happen next to the Bitcoin market. Like for example, some news about a possible Bitcoin breakout to $10,000 yet it also tell the possibility of Bitcoin to go below $7k.

[olumyd]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

More likely to be greater, so I personally will tend towards the $8k range. But the fact that the price has been stable around the $7k region is quite comforting as it has been about stability for a while now.

[moviebuff777]

I don’t think there will be a significant drop from this point forward. I think we are too close to the halving for the price to drop much more. I expect a price increase in the next couple of months.

[Beparanf]

I don’t think there will be a significant drop from this point forward. I think we are too close to the halving for the price to drop much more. I expect a price increase in the next couple of months.

This is what we all wanted to happen, and this time that the price of BTC didn't move too low and too high we cant still determine whether this year is a pumping term or not, in the near halving we may atleast see difference which is not too big or too high on what we expected to happen.

[alexsandria]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

May be a pump. This is just a wild guess however it makes me feel a kind of obvious thing to happen. May be we could hit greater than $8000. Because we have a strong support so I don't think we ain't have nothing to be worried about. Hope that such situation will last long though.

And when do you think it'll make this next move? Jan? Feb? Later?

Probably this January as well? We have been at $7000 since last month, so may be if it going to do some changes then may be it could go this January as well.

[rdluffy]

People are optimistic right now, in the most part because of the halving, so I think it's easier to reach the 8k usd level in a near future instead of 6k, but it's so hard to make a prediction these days....

[1Referee]

I don’t think there will be a significant drop from this point forward. I think we are too close to the halving for the price to drop much more. I expect a price increase in the next couple of months.

In Bitcoin land most of the gains are booked within a very small time frame. It wouldn't really surprise me that the actual pumping starts just a month before the halving, then sell off a day or two before the actual halving (sell the news event), then trend up from there and really explode later on.

I do not believe that the halving is priced in yet, but what does somewhat bother me is that so many more people are focusing on events nowadays. There is no shortage of youtubers and whatnot pointing out the block halving, certain pattern formations, etc. This is exactly why I do expect a very late pre-halving pump, just so that it comes as a surprise when people are disappointed that the price hasn't done much.

[BigBos]

it's very clear at the moment the price of bitcoin is trying to rise to $ 8000. I am quite optimistic to see prices go up today, moreover, the price has reached the price of $ 7500. other than that I think a high price increase will occur after February and I think the potential is more than $ 8,000.

[Meowth05]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

Not sure though but I guess Bitcoin will still sit around $7000 or simply became stable by the month of January and February. The halving is expected to occur on May so I guess there will be only a movement after that event. But who knows Market is always unpredictable there might be something happen that is hardly enough for Bitcoin to make a move.

[Divinespark]

I believe in January the price of bitcoin will surpass 10,000$ because of the ongoing war between the United States and Iran. The war will make the economy of Iran and many countries in the world unstable and the demand to buy bitcoin will increase in the near future. And The price of bitcoin in 2020 will certainly not collapse again, 6500$ is the bottom of bitcoin in 2020

[SquallLeonhart]

when do you think it'll make this next move? Jan? Feb? Later?

Halving will decide on many things, not because I am expecting the price to go up, I rarely expect any price to go up but it will decide on if it will go down or not. Remember just few months ago when the BAKKT system started? The price went down, was BAKKT a bad thing? No, but there was a lot of people who expected price of bitcoin to go up when BAKKT happened and when the price didn't moved upwards all those people sold their coins, so something good happened but price went down anyway because the good wasn't good enough.

I am afraid of the same thing during the halving, maybe halving will happen and it is a good thing and miners will have less coins to sell and price should go up but if it doesn't go up too quickly or too high then people may end up deeming it not good enough and sell once again just like the BAKKT situation.

[exstasie]

In Bitcoin land most of the gains are booked within a very small time frame. It wouldn't really surprise me that the actual pumping starts just a month before the halving, then sell off a day or two before the actual halving (sell the news event), then trend up from there and really explode later on.

Sellers are going to front run one another knowing the event is coming. In 2016, BTC crashed 30% 3-4 weeks before the halving. With Litecoin earlier this year, it crashed nearly 2 months before. This makes timing impossible.

I do not believe that the halving is priced in yet, but what does somewhat bother me is that so many more people are focusing on events nowadays. There is no shortage of youtubers and whatnot pointing out the block halving, certain pattern formations, etc.

People always focus on events, news, etc. It's just the easiest way for their brain to justify price movements. That'll never change. The prevailing sentiment I see is still "the halving is already priced in" which bodes well for Q1.

[thecodebear]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

Long time no see, thecodebear. Good to see ya!

Sub-$7K levels just got swiftly rejected, the daily candle closed as a bullish engulfing, and this $7,200-$7,400 range feels like a bullish consolidation. So my money is on an upwards move to the mid/upper $8,000s where we will test the 20-week MA and this downtrend line:

Time is running out for the weekly and monthly downtrends. January could be the month. The halving is getting damn close.

Oh wow someone on here knows me! haha. I feel special. Yeah I tend to be here for a few months and then go away for a few months. I go in and out of being excited enough about Bitcoin to check the forums haha.

Nice, good prediction. Yeah to me it seems that $6k levels have gotten rejected enough that the market is preparing to move away from the $7000 level soon. Wouldn't be surprised to see it happen in a week, or in 3 months haha, who knows, but I don't really see it breaking down by like a thousand bucks again from this point or anything like that.

[thecodebear]

In Bitcoin land most of the gains are booked within a very small time frame. It wouldn't really surprise me that the actual pumping starts just a month before the halving, then sell off a day or two before the actual halving (sell the news event), then trend up from there and really explode later on.

Sellers are going to front run one another knowing the event is coming. In 2016, BTC crashed 30% 3-4 weeks before the halving. With Litecoin earlier this year, it crashed nearly 2 months before. This makes timing impossible.

I do not believe that the halving is priced in yet, but what does somewhat bother me is that so many more people are focusing on events nowadays. There is no shortage of youtubers and whatnot pointing out the block halving, certain pattern formations, etc.

People always focus on events, news, etc. It's just the easiest way for their brain to justify price movements. That'll never change. The prevailing sentiment I see is still "the halving is already priced in" which bodes well for Q1.

I don't think the halving is priced in, I just see it as a non-event for the market. The halving will show up in market over many months, not as an immediate event. I could see the price going either way or doing nothing, depending on how the various market forces that want to make a statement about the halving and push it up or down around that date end up balancing out.

I think the reason the halving is a long term delayed effect is because there is a lot more pre-existing Bitcoin being traded each day than any amount that is hitting the market from recent mining rewards. So in the short term, regular market forces, irrespective of halving, are much more influential to the price than the mining reward change. But over many months the smaller amount of new Bitcoin being added to the world, and therefore added to the markets, gains more and more pressure on the price.

Bitcoin's halvings are like a tidal wave. At the event it'll only cause a small ripple that won't even be noticed among the normal waves of the market (unless big whales really want to force the market to take notice of the event). As time progress the wave heads toward land and starts to slowly exert an upward force, once the wave is close enough for everyone to see a FOMO breaks out and the wave becomes huge and starts creating market forces itself. People don't freak out from the tiny change when the event happens (this year), they freak out when they realize that after many months of gradual upward pressure the price is above the old ATH and continuing to go up. Enter FOMO (probably next year).

[cotton ball]

Today bitcoin have raise higher price and near with $7500, will be good day for bitcoin to back on higher price after one year keep lower price always, we need to promote whit good side and information about bitcoin at the future to give chance for our friend seeing bitcoin on the top price, have to invest much whit bitcoin before price want to back on the top again.

[daarul50]

In Bitcoin land most of the gains are booked within a very small time frame. It wouldn't really surprise me that the actual pumping starts just a month before the halving, then sell off a day or two before the actual halving (sell the news event), then trend up from there and really explode later on.

Sellers are going to front run one another knowing the event is coming. In 2016, BTC crashed 30% 3-4 weeks before the halving. With Litecoin earlier this year, it crashed nearly 2 months before. This makes timing impossible.

I do not believe that the halving is priced in yet, but what does somewhat bother me is that so many more people are focusing on events nowadays. There is no shortage of youtubers and whatnot pointing out the block halving, certain pattern formations, etc.

People always focus on events, news, etc. It's just the easiest way for their brain to justify price movements. That'll never change. The prevailing sentiment I see is still "the halving is already priced in" which bodes well for Q1.

just be ready for the upset.
instead the bitcoin price warming up to increase welcoming the bitcoin halving in the next few months.
it could turns worst , i expect a slight drop right before the halving .

but then 2 or 3 months later start the rally to the new all time high.
is that what most people wanted? a new all time high? but forgot that there is a consequences, a risk behind the price to reach the new ATH.

someone must be suffering huge lost .

[Pamadar]

Today bitcoin have raise higher price and near with $7500, will be good day for bitcoin to back on higher price after one year keep lower price always, we need to promote whit good side and information about bitcoin at the future to give chance for our friend seeing bitcoin on the top price, have to invest much whit bitcoin before price want to back on the top again.

You need to plan well in order for you to catch the right timing. The market volatility are still there and still giving unpredictable movements.
It a must for each individual who continue supporting bitcoin to be involved providing the good side of this chain and not alone be stuck with
investment features instead provide usages and the benefits of using this crypto currency.

[maydna]

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?

You know what, bitcoin can do whatever in the short term, and we don't know what will happen later. But if we can analyze the trend, perhaps we can some information related to the bitcoin price movements. But I am not sure that the price will go to the next higher price in a short time, but the bitcoin price will still fluctuate, and it will move to any price level. So if we want to make a profit from bitcoin, make sure we can analyze it with the right, and we should prepare for anything that can happen with the bitcoin.

[pooya87]

it is highly unlikely to see bitcoin price go down because of the strong buy support and the upward trend that we have been having for the past year. but it is very easy and possible to see a sudden manipulative dump to push the price down all of a sudden and cause some short term panic sells. this type of drops are also very common, we see a sudden drop in an hour or so and then it jumps back up right away within the next few hours and this time it could act as the ignition to start the next rally.

[Hypnosis00]

I'm not like of last year, and this time I'll be more positive that Bitcoin will move high even before halving is done. We've been riding just like a roller coaster as we know that, no crystal ball could tell what next but the current market flows tend to move a little bit high and the buying support had meant a lot for this situation. And that it fuels for a growing price in the coming days.