What will Bitcoin do next in the near term?

[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?

[Dart18]

If we just have the power to see the future then we will still not tell where it will go. 
No one does know.

This kind of question have been asked here a lot and still the answers will be the same. Try to just look at your own imagination. 

[Wexnident]

No one really knows tbh, and honestly, no movement is a lot better than downward movement. And it's honestly not strange for the price to stay stationary for a few months. Just means that nothing has pushed the traders to immediately buy or sell their coins.

Changes may occur after a few weeks, but no news so far regarding the development of Bitcoin. There was the newß regarding the digital currency of China, but it was only an announcement so far so yea, no real influence as of yet.

[thecodebear]

Hmm, to the two people who commented so far...you do realize I wasn't asking you to tell me the future right? Like, I don't think you know the future. I was asking what people THINK will happen. As in, take a guess and give a reason why...ya know, for fun. Price has been fairly steady for a while, so do people think the next move is up or down and whats your reasoning. For example, I don't see it dropping below where its been, so I see a move up to $8000s by February at the latest. Market doesn't seem to accept $6000s for very long and the testing of this bottom I feel is coming to an end soon. Seems like the market is just waiting for something big to shock it into bullish action. It's had some big fake out bullish moves but nothing has been sustained yet.

[bassbity]

Bitcoin will not go below $ 6000 we will see an upward movement going forward, in January, February to May it will move even more upward because it will face halving as uncertain as there will be many people to buy bitcoin to hold in the next few months .
So I think positively this month until the next month it will experience a good increase.

[malevolent]

I don't think it'll go too low*, I'm speculating it will stay roughly where it is right now, so no significant moves in either direction. If we see a bigger drop after February, close but not right before a halving, then I'll revise my projections to ones that are significantly more pessimistic.

*but I wouldn't bet my life on it, last low brought us back to where we were in May.

[cotton ball]

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?

Bitcoin look near close with $8000 just several days later or become two weeks again bitcoin raise with higher price above $8000, when halving will come close maybe bitcoin have chance to grow up above $10k but depend with how respond from investor keep selling or buying bitcoin, when many investor make drama for selling bitcoin we just see bitcoin keep with lower price.

[sunsilk]

We have no crystal ball but as usual it fought back to $7,300 quickly when it dropped to $6,900. I think that scenario already proved that things that are happening globally is also affecting bitcoin's price. The strike against Iran, I still haven't concluded the situation and connection of it to bitcoin but Forbes just published these articles, Why The Bitcoin Price Could Hit $50,000 In 2020 & Bitcoin Will ‘Moon’ If There Is War With Iran, and we know how influential there are.

With these kind of articles coming from media will also help to push the prices up and basically, we have that feeling that it will go opposite instead of what they're trying to convey with these articles.

[Doell]

february forecasts but bitcoin is unpredictable prices can grow rapidly in 1 days ,I think when you see movements in the old altcoin then trend will definitely to bitcoin like a helpful attraction ,we too seen recently a small correction and this will going up to 8500 in near future we see hopefully my speculation is right

[samuraijin]

some time from now, it seems like big investors haven't come home from their holidays, just waiting for a moment to relax now seeing yesterday's price movements seems to be enough to give a surprise sign for the next price where people seem to be pushing above $ 8,000 too, I'm still waiting for it every day now

[exstasie]

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.

[FairUser]

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?

Most likely in the near future Bitcoin will increase without any adjustments. Currently the price of bitcoin is going up at $ 7300, and we are in the 2020 bull run. IMO , certainly from now until halving, the price of bitcoin will increase at least 30%. That's just my personal opinion and there's a lot of different predictions here, so we need to wait to know exactly how the market will move in the next few months.

[Mahanton]

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?

No one knows since no man can predict the future.So these kind of questions doesnt only apply to yours but only in all people here on crypto.

We're tanking on 7300 as of this moment which is somewhat a good thing to see on this year rather than seeing a dump.

We are heading on halving event and we might see some sunshine on that time but its still not an assurance.

[YuginKadoya]

I don't really want to make the speculation that it can now increase to a certain all-time high now but I guess it is going for the mark $8000 USD for now if we can cut the $7500 USD price I think we can step into the $8000 mark, I guess even if we had the bear market movement the price is surging out from it, and I think for now aiming for the $8000 USD is the safest speculation and the most real thing that can happen with the movement of Bitcoin.

[barota]

in my opinion ; next weeks prices can rise above 8500 usd and bear market to end too next month february . i think people will start buy bitcoin again because halving approuaching . i am sure that most of people love halving  because it happend every 4 years and it is rare chance for reduce total supply mining in the market

[panganib999]

I doubt it would change though. I mean, there hasn't been much news regarding possible opinion changes of users that could change the rate of demand to supply. There's the idea with Iran buying BTC at high prices but... I doubt a single country could change it much. I think only a few traders in Iran would actually follow the idea of buying BTC for high prices. It's enough to push it up for a bit, but only by a few hundred dollars.

I don't really want to make the speculation that it can now increase to a certain all-time high now but I guess it is going for the mark $8000 USD for now if we can cut the $7500 USD price I think we can step into the $8000 mark, I guess even if we had the bear market movement the price is surging out from it, and I think for now aiming for the $8000 USD is the safest speculation and the most real thing that can happen with the movement of Bitcoin.

Well, Obviously. It would need to pass the $8k mark before going up any more. Seeing as the latest movement has reached $7.4k, reaching $7.5k could be possible in the next few days, but without anything to push through to $8k, Like a big news or such, it isn't possible for BTC to push. The $7.4k push was recently attributed to Iran buying BTC at high prices in their country so yea.

[Juggy777]

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?

@thecodebear I’m expecting bitcoin prices to rally up to $8k by January end, and then up to $15k before the halving event takes place. Also with tensions brewing between Iran and US I wouldn’t be surprised if prices suddenly shoot upwards in anticipation of a war (though I’ll wish no war takes place as it’s the last thing we all need to witness). Another factor that may further trigger bitcoins prices rally is the announcement of South Korea’s government not to tax crypto income from it’s citizens, you’ll can read more about it in this thread: https://bitcointalk.org/index.php?topic=5214524.msg53508497#msg53508497

[rijaljun]

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?

It think it will just move up and down near 7K price for probably half of year before gaining a significant positive moves and hopefully we can end this year like $10.000 USD. For now until the halving time, Bitcoin price won't be interesting to watch.

[Lucius]

~snip~

Anything is possible, but perhaps the most likely is that a few more crashes will occur before halving, under $7k and close to $6k. I am not sure how long it is possible to keep the price stable as it is now, but the bears will surely have a few more months to try and bring the price down as low as possible. I know some are still waiting for that big drop ($close to $5000), but that may not even happen, so any purchase below $7k is not a bad investment.

Maybe we're watching a reprise of 2016 which also was halving year, and history tells us that the pre-halving time have almost no significant effect on the price.

[topbitcoin]

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?

February, and up more than $8000. We're free to speculate about bitcoin price but people's speculation not means to be benchmark for others to believe it directly. My reason why said that because maybe people start to accumulate at that time for preparing halving time. Usually  before event started, price already pumped.