Just in - Bitcoin at $15 000

[sayaya17]

Positive sentiment and bullish conditions in the crypto market led many investors to buy Bitcoin. When the price of bitcoin was still between $9,500 to $10,800,
two months ago a large institutional company bought Bitcoin, one of which was financial services company Square which bought Bitcoin when the price was between $10,600 as much as 4,709 btc, this made bitcoin increasingly move to the top level. Then on October 21, 2020, when the price of Bitcoin was still between $12,300, PayPal announced it would adopt the cryptocurrency. This news makes the crypto market more positive. Until now, bitcoin could be at $15,570 with a 24-hour.
It is possible that if there is a lot of positive news, bitcoin will continue its price to $ 17k even up to $ 20k.

[Poker Player]

Positive sentiment and bullish conditions in the crypto market led many investors to buy Bitcoin. When the price of bitcoin was still between $9,500 to $10,800,
two months ago a large institutional company bought Bitcoin, one of which was financial services company Square which bought Bitcoin when the price was between $10,600 as much as 4,709 btc, this made bitcoin increasingly move to the top level. Then on October 21, 2020, when the price of Bitcoin was still between $12,300, PayPal announced it would adopt the cryptocurrency. This news makes the crypto market more positive. Until now, bitcoin could be at $15,570 with a 24-hour.
It is possible that if there is a lot of positive news, bitcoin will continue its price to $ 17k even up to $ 20k.

Yes, there is a lot of news like that that points to the price going up. The technical analysis as well, it seems that $10,000 is a support that's never again going to be broken, no matter how much there are going to be setbacks in the rise.

We can't know for sure if it will reach $20,000 this year, but it looks like it will.

[kentrolla]

It's heading towards 20k again who knows it may go up more than that, the market is super hot right now as everyday we are seeing positive trends and buyers are jumping into it. From April to now it's has pumped nearly 10k and still there are peoples blaming Bitcoin as scam, what I realized is BTC is giving opportunity for everyone and those who invest in BTC they deserve the reward.

[cryptomaniac_xxx]

It's seems that we have settled at $15,500 for now, so this will be the support and $16k will be the resistance. The good news is that we are far from the end of this year, there are a lot of events that can push the price to ever further, but all time high is out of the picture, it could be achieved in 2021 as the price cant' go on parabolic rise unless we do see a bubble. So don't get excited, there's no mooning yet this 2020.

[bitgolden]

I would like to warn people who think that it is going to 20k to be careful about what they are doing. I am not against holding bitcoin right now, if you bought bitcoin earlier in the year and if you are in profit, it is wise to keep your bitcoins right now instead of selling them and you could put a stop loss at 15k for example which means in case it drops under 15k you will sell and get out.

However if you think it will get to 20k and you want to buy more bitcoins right now, that could be a risky move, things are moving very fast right now and at 15.5k today we are talking about potentially going to 20k in a week but we are also talking about a big correction coming up as well, maybe it will take us under 13k once again? Maybe we will push higher than 20k? We do not know what will happen.

[maydna]

So what you suggest, those who bought bitcoin around 10K, should sell at this moment or should they wait for 16$ and beyond ?

I suggest they sell some satoshi they have, so they can have a chance to buy back more satoshi at a lower price. We know that the bitcoin price will adjust and down to a lower price after it reaches the high price, so he will have the opportunity to buy more amount with his funds. But if he is willing to wait for more until the bitcoin price reaches $16k, it will be no problem for him, but he needs to manage his emotion to see the price will fluctuate, and he needs to prevent the panic. At least, their profit now is good and don't wait too long to sell it and enjoy the profit, and he can buy back again later once the price is down deep.

[adaseb]

So what you suggest, those who bought bitcoin around 10K, should sell at this moment or should they wait for 16$ and beyond ?

I suggest they sell some satoshi they have, so they can have a chance to buy back more satoshi at a lower price. We know that the bitcoin price will adjust and down to a lower price after it reaches the high price, so he will have the opportunity to buy more amount with his funds. But if he is willing to wait for more until the bitcoin price reaches $16k, it will be no problem for him, but he needs to manage his emotion to see the price will fluctuate, and he needs to prevent the panic. At least, their profit now is good and don't wait too long to sell it and enjoy the profit, and he can buy back again later once the price is down deep.

You can do this however eventually you will not be able to buy back lower or you will buy back lower and it won't go any higher. This is pretty much what everyone is doing right now. However look at bitcoin cycles in the past. Look in 2013 how fast it went from $250 to $1100 and look what happened when it went from $1000 to $20000. There are periods usually right before the blow off top where its very difficult to buy the dip.

Hence this is not always a great strategy because you will most likely miss out on huge gains just to get a better average price by a few % or you will be left holding the bag because it might never make newer highs. So its not a good strategy at all but it seems everybody is doing it. I guess its a psychological thing, people want to sell the high and buy the bottom. However this is very diffciult to do profitabily.

[Janation]

In the past years, the last quarter of the years are usually bull.

The recent years, we are not seeing that but this year might be different. We might be able to see a bullish market through the end of the year. Hope it lasts until the start of 2021, that would be a great start.

[Smitty Werben Man Jensen]

In the past years, the last quarter of the years are usually bull.

The recent years, we are not seeing that but this year might be different. We might be able to see a bullish market through the end of the year. Hope it lasts until the start of 2021, that would be a great start.

end of the year is usually bullish for Bitcoin, but for end-of-year altcoins are very bad,
altcoins usually rise in the early Q1 of the year, maybe early 2021 will be attractive to altcoins, don't forget to buy altcoins.
now Bitcoin is being corrected, if it manages to hold on to the support it will rise again.

[maydna]

~snip~

You can do this however eventually you will not be able to buy back lower or you will buy back lower and it won't go any higher. This is pretty much what everyone is doing right now. However look at bitcoin cycles in the past. Look in 2013 how fast it went from $250 to $1100 and look what happened when it went from $1000 to $20000. There are periods usually right before the blow off top where its very difficult to buy the dip.

Hence this is not always a great strategy because you will most likely miss out on huge gains just to get a better average price by a few % or you will be left holding the bag because it might never make newer highs. So its not a good strategy at all but it seems everybody is doing it. I guess its a psychological thing, people want to sell the high and buy the bottom. However this is very diffciult to do profitabily.

He can buy bitcoin at a lower price, but not lower than $10k unless, at that time, the big dump is coming at the market. If he can see the opportunity of that big dump, he will get more amount of bitcoin by buying at that time. But I guess we don't know if the big dump or big correction of the price will comes later or not. Perhaps, the dump will always happen, but we can't predict how deep the price will go down.

Perhaps, he can hold bitcoin and not sell if he is waiting for $19k to sell. But that will be unknown since we don't know when the target price will be reached. If he doesn't have patience, I am afraid that he will be weak hand and sell his bitcoin out of his target sell price.

[btc_angela]

In the past years, the last quarter of the years are usually bull.

Yeah, since I joined early 2017, I noticed that December specially before Christmas, we will see some spike in the price.

The recent years, we are not seeing that but this year might be different. We might be able to see a bullish market through the end of the year. Hope it lasts until the start of 2021, that would be a great start.

We have seen it, but what makes it different is that 2018-2019 was a bullish year, hence, we also see some spike but it doesn't make any difference since the market is really down. But this year, we're also bullish so I'm seeing another December but this time the price could be in the $16k++.

[beerlover]

In the past years, the last quarter of the years are usually bull.

The recent years, we are not seeing that but this year might be different. We might be able to see a bullish market through the end of the year. Hope it lasts until the start of 2021, that would be a great start.

end of the year is usually bullish for Bitcoin, but for end-of-year altcoins are very bad,
altcoins usually rise in the early Q1 of the year, maybe early 2021 will be attractive to altcoins, don't forget to buy altcoins.
now Bitcoin is being corrected, if it manages to hold on to the support it will rise again.

I do not agree that end of the year is usually bullish for bitcoin, it is rarely bullish for bitcoin, it is usually quite bearish for bitcoin in almost every year except just one year in our history, 2017. Look at 2014 for example, for the first time ever bitcoin peaked over 1k and reached 1.4k during November, crashed at December to be lower before the year starts, look at 2018 for example, started the year at around 15k levels, dropped as much as 6.5k and because of bch/bsv deals the price bottomed at 3k before the year ended. Look at 2019, peaked as much as 14k during the year, but ended it under 7k before the new year started.

So, I believe end of the years are not great for bitcoin, most common increases happened during either spring or autumn and very early days of the year and very late days of the year are usually not that great for us.

[STT]

The price into the end of year roughly going on what I remember since first mining BTC I dont especially think of as a bullish period, I dont know why that should be especially maybe the holidays but not everyone in the world is that bound by holidays in a precise order.   



We're wavering around the short term averages, still very positive at the moment.   I see a slight lower high and just recently a higher low which underlines indecision and on daily bars I saw a more symmetrical or triangle type formation similarly its not breaking either side for this moment.   Even with a larger market move on covid news today that moved stocks it didnt especially move BTC so we have something of an anchor here abouts.   I would guess it would be resolved this week but Im less sure of that seeing its hold and move so little today.

[Smitty Werben Man Jensen]

In the past years, the last quarter of the years are usually bull.

The recent years, we are not seeing that but this year might be different. We might be able to see a bullish market through the end of the year. Hope it lasts until the start of 2021, that would be a great start.

end of the year is usually bullish for Bitcoin, but for end-of-year altcoins are very bad,
altcoins usually rise in the early Q1 of the year, maybe early 2021 will be attractive to altcoins, don't forget to buy altcoins.
now Bitcoin is being corrected, if it manages to hold on to the support it will rise again.

I do not agree that end of the year is usually bullish for bitcoin, it is rarely bullish for bitcoin, it is usually quite bearish for bitcoin in almost every year except just one year in our history, 2017. Look at 2014 for example, for the first time ever bitcoin peaked over 1k and reached 1.4k during November, crashed at December to be lower before the year starts, look at 2018 for example, started the year at around 15k levels, dropped as much as 6.5k and because of bch/bsv deals the price bottomed at 3k before the year ended. Look at 2019, peaked as much as 14k during the year, but ended it under 7k before the new year started.

So, I believe end of the years are not great for bitcoin, most common increases happened during either spring or autumn and very early days of the year and very late days of the year are usually not that great for us.

$ 15000 is just the beginning, the price of Bitcoin will increase starting early this year,
some predict on the telegram channel that in 2021 Bitcoin will be brought to $ 50000,
try to join at https://t.me/Bitmexbull1 may you can out again after seeing the news this, hope it helps.

[davinchi]

I am not sure what 2021 will bring but I think we have already come so far for this year to be considered a bullish end right now. We are already in November which is second last month only behind December, which means we could consider today and all of this month as "end of the year" and we have spiked like 50% during this period. Hence, why I think 2020 already had a great end unless the price suddenly crashes, it doesn't need to go up a lot in order for us to say it was a good end of the year, it could stay like this for the 50 days left in the year and we could still have a decent end.

However 2021 and specially 2021 spring looks very delicious to me as well, I can't wait to get my paycheck to get some bitcoins, it will definitely help me if the price of bitcoin reaches to 30k+ levels during next spring.

[Saisher]

However 2021 and specially 2021 spring looks very delicious to me as well, I can't wait to get my paycheck to get some bitcoins, it will definitely help me if the price of bitcoin reaches to 30k+ levels during next spring.

Everybody wants to cash out and waiting for the next all time high, if the movement will continue this way which is very slow I don't think we can reach $20 k this year, the highest that Bitcoin can reach is $18 k, this is a good preparation for 2021 for another all time high and we should be prepared to accept that 2020 is not the the year that we will have another all time high.

[Beparanf]

However 2021 and specially 2021 spring looks very delicious to me as well, I can't wait to get my paycheck to get some bitcoins, it will definitely help me if the price of bitcoin reaches to 30k+ levels during next spring.

Everybody wants to cash out and waiting for the next all time high, if the movement will continue this way which is very slow I don't think we can reach $20 k this year, the highest that Bitcoin can reach is $18 k, this is a good preparation for 2021 for another all time high and we should be prepared to accept that 2020 is not the the year that we will have another all time high.

We need a steady and parabolic movement upward to ensure that BTC price can go above the ATH. A sudden price pump to 20K USD will just result to another sell off before or after we reach that important milestone. I preferred the slow movement rather than fast phase price action because it will just cause panic on selling.

[davinchi]

^I agree that 20k+ may not be possible for this year, which is why I said 2021 spring since that looks a lot better. 2019 had a great spring increase and this year was a great increase from a fall, it is not technically the same thing because in 2019 it was just from normal to insanely high, in 2020 however pandemic made it go from 7k to as low as 3.8k or so when it crashed but mainly 5-6k levels, but we recovered to 10k during spring time however we had halving so that could be reason, so 2019 and 2020 were different reasons but they both increased during spring.

What I imagine could happen would be price reaching to 18k levels or just stay between 15-18 levels, and when you end up with that at the end of the year, spring could take it to 25k or so levels.

[arwin100]

However 2021 and specially 2021 spring looks very delicious to me as well, I can't wait to get my paycheck to get some bitcoins, it will definitely help me if the price of bitcoin reaches to 30k+ levels during next spring.

Everybody wants to cash out and waiting for the next all time high, if the movement will continue this way which is very slow I don't think we can reach $20 k this year, the highest that Bitcoin can reach is $18 k, this is a good preparation for 2021 for another all time high and we should be prepared to accept that 2020 is not the the year that we will have another all time high.

We need a steady and parabolic movement upward to ensure that BTC price can go above the ATH. A sudden price pump to 20K USD will just result to another sell off before or after we reach that important milestone. I preferred the slow movement rather than fast phase price action because it will just cause panic on selling.

Although we need that to happen but this scenario didn't exist even from the past ATH since before we go up before we experience some several dumping stage which I think the accumulation state of the whales so maybe we should look up on that since that would be the same scenario right now and if the market will became more stronger with no bad news came provably we will shoot up until we see the past ATH figures and maybe it will surpass to that numbers.

[Kemarit]

However 2021 and specially 2021 spring looks very delicious to me as well, I can't wait to get my paycheck to get some bitcoins, it will definitely help me if the price of bitcoin reaches to 30k+ levels during next spring.

Everybody wants to cash out and waiting for the next all time high, if the movement will continue this way which is very slow I don't think we can reach $20 k this year, the highest that Bitcoin can reach is $18 k, this is a good preparation for 2021 for another all time high and we should be prepared to accept that 2020 is not the the year that we will have another all time high.

We need a steady and parabolic movement upward to ensure that BTC price can go above the ATH. A sudden price pump to 20K USD will just result to another sell off before or after we reach that important milestone. I preferred the slow movement rather than fast phase price action because it will just cause panic on selling.

Steady yes? parabolic? hmm, I'm been skeptics about that. We have seen the parabolic rise in Nov-Dec of 2017 and we know that after that the market crashes very hard turning it into bearish territory.

So I would say that currently the price at $15,000 is steady, but I don't want to see a parabolic rise this early. I would rather see a steady growth of like $1000 per month up to the end of this year. And then when 2021 comes good price movements, but there could be a lot of +10% increased then a pullback of -20% and then an eventual bull run to $40,000 or more.