What will Bitcoin do next in the near term?

[CoinBitCoinMoney]

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 has not gotten to $8,000 since when he dropped below it in 3 months ago. The recent little rise in its price since 3 days ago seem promising this January. From past events, bitcoin do not usually drop during January and the price could be over $8,000 anytime soon.

That does not mean the bull market has began, bitcoin price will only rise a bit and fluctuate at a certain price rage. It can not rise above $8,000 until the bull market will start.

I presume the bull market to begin some months after halving.

[jostorres]

Reality is nobody really knows, no one can predict what is going to happen in near future and know how to do it, they can just guess and assume but no one "knows" what it will do. Sure someone may end up buying bitcoin because they think it will go up and end up going up but they are just as gambling the movement as the guy who sold it, one of them happens to go right eventually.

However, with that being said there is nothing wrong going on in bitcoin right now and everything looks to be in right order so I assume it might end up going up a bit and that means maybe bitcoin price might go over 10 thousand dollars this year if everything goes according to plan (not like it always does in bitcoin so I might be wrong), that is why I am currently saving my bitcoins and not selling them but I am not 100% sure about it, just 70% sure.

[exstasie]

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 think there are two separate things happening. There's the actual effect of reduced production hitting the market (a longer term effect), and then there's the hype/speculation factor, which historically has manifested as a "buy the rumor, sell the news" event. In 2012 and 2016, there were significant pumps in the months preceding the halving. We haven't seen that materialize yet but I think we will over the next couple months.

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.

I still see room down to the mid-$5,000s in a final shakeout, but the door is probably closing on that. Once we've cleared the 20-week and 200-day MAs and the downtrend line from last June, I'll be more comfortable calling the bottom.

[yulionoo]

actually nobody knows for sure what the price of bitcoin is tomorrow? this is all just a prediction that can be true or false. in my opinion the price of bitcoin in January will remain at the level of $ 7k maybe at the beginning of February bitcoin began to enter the value of $ 8k. and in March or April maybe bitcoin value will dump again before it is reduced by half. and maybe if bitcoin is dumped the lowest point is $ 6k.

[gweedo]

actually nobody knows for sure what the price of bitcoin is tomorrow? this is all just a prediction that can be true or false. in my opinion the price of bitcoin in January will remain at the level of $ 7k maybe at the beginning of February bitcoin began to enter the value of $ 8k. and in March or April maybe bitcoin value will dump again before it is reduced by half. and maybe if bitcoin is dumped the lowest point is $ 6k.

The closer it gets to halving, the price will definitely increase. So the scenario you give will not come true. Currently the market is showing signs of a slight rally and it is very likely that in the next few days we will get a pump and bitcoin will reach $ 8000. Until halving in May 2020, I believe bitcoin will stabilize above $ 10,000

[moviebuff777]

We are seeing a slight increase so far in these first few days of the year. I expect the price to rise up to $10,000 by February 1 because of the upcoming halving. It should continue to increase up to and beyond the halving.

[Wexlike]

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.

The near term is the big halving party coming upon us in May. However the first big run up already happened and we are in consolidation / accumulation time for the smart money. The cme futures 6 months just started and they will surely capitalize on the halving hype in May. Trade / invest accordingly and enjoy your 30-40% profits with very easy trades ahead of us.

[Hamphser]

We are seeing a slight increase so far in these first few days of the year. I expect the price to rise up to $10,000 by February 1 because of the upcoming halving. It should continue to increase up to and beyond the halving.

Expecting $10,000 is just too much because bitcoin could roughly move to $8,000 with the current situation of the market. We still don't know what could be the possibility that would happen to bitcoin when most of the prices are all speculation.

[diazepam666]

Let's segregate the year into 4 quarters, i believe the users are really looking to see the btc value over 10k atleast in the price chart but it looks like dream for many people who wants to earn some bucks with the help of cryptosystem
We were not sure how the coins will perform bigger in the market.
But like all wish even i looks to see btc at its best this year.

[figmentofmyass]

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?

-weekly dragonfly doji: bullish
-monthly 20ma holding as support: bullish
-bitfinex longs have dropped 10% since mid-december: bullish
-the crypto greed & fear index has said "fear/extreme fear" since november: bullish
-expectations for the halving are pretty low: bullish

the market is priming itself for recovery. we're still in the disbelief stage where everyone is skeptical and scared to buy back. my gut tells me we'll be climbing the wall of worry by february.

one of these days there's gonna be a weekly pump candle like april 2019 that'll kick off a new bull market. we just gotta survive this painfully boring sideways first.....

[crossabdd]

at this time i have seen that. bitcoin continues to move up. 1 January 2020, Bitcoin made a surprise dump at $6900 to panic bitcoin holders. but a few hours later back at the pump, it left $7100. and continues to increase to this day. I'm sure bitcoin will reach $8,000 in the next few days. maybe one more week. slowly but surely. bitcoin gives a sign for bullish.

[marcous]

bitcoin seems to be starting to move to higher prices. The speculators start predicting for the long term. maybe because Halving's moment is getting closer. that is why analyzes give advice holding for the long term. January is now starting to move up accompanied by Altcoin. Hopefully the next month the higher the price of Bitcoin and ALtcoin will follow as well

[karanggatak]

I think in the future bitcoin will experience an upward trend now the price of bitcoin has gone up to $ 7800 a little more will reach $ 8k ... if in the next few days bitcoin continues to increase I am optimistic bitcoin will reach $ 10k at the end of January. and I think this is a good sign that this year bitcoin can pump up high and give us a big profit.

[cotton ball]

Bitcoin look forward in the next time after bitcoin price today growing up about 5%, now bitcoin have been close with $8000 and possibility higher and touch more than $10k in this month, many good prediction about bitcoin price giving by master and expert bitcoin prediction by getting good support from company and country looks friendly with bitcoin and altcoin become legal currency payment transaction.

[plvbob0070]

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?

Last night I check the price bitcoin and it's around 7500$. Then, I check it again before I go to school and its now around 7800$ to 7900$. And, in just a couple of hours we see an upward movement in the price but we are not sure if this thing will continue. I'm still not sure if this few rising price of bitcoin is the early sign that we could see another bull run. I guess the next movement of bitcoin maybe it can reach the price of 10,000$ in the end of January and I also earlier that bitcoin almost reach 8000$.

[bitvalak]

in the near future there will be a correction of the price increase this week, whether to continue the trend or even a false break level of $ 7700.
Because we know that $ 7700 is a minor resistance level, we need confirmation before determining the next direction.

[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.

The near term is the big halving party coming upon us in May. However the first big run up already happened and we are in consolidation / accumulation time for the smart money. The cme futures 6 months just started and they will surely capitalize on the halving hype in May. Trade / invest accordingly and enjoy your 30-40% profits with very easy trades ahead of us.

I hope it all be seen like this, 30-40% of profits is really awesome. However, it won't look like that instantly, it all goes in a process and a so-called market accumulation. At this early stage, we better-prepared for anything and buying more coins for future trades is probably the best idea before we start to pump. But of course, we have to choose the most profitable coin in the market for ROI assurance.

[the rise]

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?

Last night I check the price bitcoin and it's around 7500$. Then, I check it again before I go to school and its now around 7800$ to 7900$. And, in just a couple of hours we see an upward movement in the price but we are not sure if this thing will continue. I'm still not sure if this few rising price of bitcoin is the early sign that we could see another bull run. I guess the next movement of bitcoin maybe it can reach the price of 10,000$ in the end of January and I also earlier that bitcoin almost reach 8000$.

$ 8,000 cannot be avoided at this time, just need to ascertain whether it will be stable in the new zone, or will experience a correction back to the same price as last week. Suddenly bitcoin gained strong fundamentals in just a few days, for some points I think this is a good reason to start strengthening the accumulative movement above $ 7,000

[beerlover]

8 thousand is not something we should aim tho, I would rather go to 6 thousand then go to 8 and stay there at this point, if we go anything above 9 that is fine and I want that but if it is not going above 9 thousand then at least going under 6 would mean to wake people up from their sleep, right now too many people are basically doing nothing, there are more people who are interested in bitcoin then people who are doing something about it.

Just in my nation the consensus is to just wait in fiat and not doing anything for a while until we know what bitcoin will do, well if you just wait and watch then there is nothing bitcoin can do, people are the ones who can take up and they are "waiting" for it to go up, that is not how bitcoin or any market works really.

[jostorres]

8 thousand is not something we should aim tho, I would rather go to 6 thousand then go to 8 and stay there at this point, if we go anything above 9 that is fine and I want that but if it is not going above 9 thousand then at least going under 6 would mean to wake people up from their sleep, right now too many people are basically doing nothing, there are more people who are interested in bitcoin then people who are doing something about it.

Just in my nation the consensus is to just wait in fiat and not doing anything for a while until we know what bitcoin will do, well if you just wait and watch then there is nothing bitcoin can do, people are the ones who can take up and they are "waiting" for it to go up, that is not how bitcoin or any market works really.

I too was thinking that price was already priced in right now and everyone is smart enough to buy according to halving so there is nothing left etc etc, but maybe whales wants us to think like that?

I mean looking at costs of mining and all other stuff it is obvious that price at this level won't be sufficient for miners to continue, hashrate is going even higher so they are not stopping neither and we are talking about people who can keep their coins and sell 27k bitcoins all at once after one month of mining after the halving as a punishment to all of us, that would cripple the economy for us but for them as well but at least they would send a message, we wouldn't want that. So, I think there is a big chance that whales kept the price low and are buying as much as they can before they will let it go and let miners increase the price.