Bitcoin is moving sideways for day, Where to from here?

[kentrolla]

A massive drop in January??? BTC is always considered as a extreme volatile coin so anything is possible due to it's uncertainty, also there are only two sides of crypto Market one is pump and dump. As of now just enjoy the price and plan accordingly, no one is judge here every one will just share their opinion nothing more and yes this is not the right time to buy that's for sure.

[Tipstar]

The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.

[slaman29]

The way it stabilises at a certain price point I think, is what making other people or investors perhaps, hesistant with their actions at this moment. Some are doubting to keep on holding and are having thoughts of selling in order to assure profit will be earned. Some are even scared to invest at this point because the price is already high and there's no assurance that the market price will continue increasing on the next days of Bitcoin for this year. Possibility is two-sided; chance for the price to rise, and also tendency for the price to suddenly fall. We just never know.

Nah, I think investors are just waiting to see long term what happens, obviously with stops along the way but many more are having huge buy orders around 17k to prevent their positions from weakening or buying the "dip". It'll take some big panic which will happen of course to take it back down to 15k and if more selloffs happen then then we're back to testing 12k support.

[Becky666]

No body can actually answer your question becasue the behaviorism of Bitcoin price from time immemorial is always sideways, most especially when there's bull run which always attract corrections in Bitcoin price, mostly on daily basis or even on weekly basis. At the moment, Bitcoin price is just experiencing some usual characters in my honest opinion and nothing to fear in it sideways zigzagging movement.

[Reid]

Should we also consider the fact that we are pretty used to that kind of event?
What if it won't happen this time and it will really stay at this price since an easier way to buy it had come out?

Trying to be optimistic here and putting doubts aside. 
If the demand is really high then we should expect that it won't come to where we are used to seeing it.
$15k bottom maybe?

[Ridwan Fauzi]

There will not be a huge correction as long as bitcoin still on the uptrend market. Unless, the uptrend market is end then we will see a huge correction comes but now I haven't seen that will happen. Seem like all holder/trader will focus to $20.000 first or $20.000 is the first target to sell their coin. After that we will see a slightly correction and up again.

Indeed, as a trader there will be many consideration before we buy the coin. Because as we can see bitcoin is always up even in the one hour time frame there only one candle that was formed in red candle at the uptrend market. So, I use a strategy to buy bitcoin directly I don't use a limit market because it is long time to wait, but, I never use a stop loss.

[Lucius]

We all know bitcoin has been moving between 17000 and 19000 and it's not showing any drastic move to a bull or bear but with such large increase in price, it's hard to imagine that the price has settled to this high.

What do you really expect? Could it be more drastic than what we’ve had in the last 30 days? The price has gone up by about $6000 and the uptrend seems to continue in the same direction, maybe it's just a matter of days before a new absolute price record will be reached. I know that many are troubled by the moment when it is best to sell, and when the correction will start - but what if it doesn't happen this time?

Institutional investors are buying for the long run, they are not speculators looking for quick profits - and this bull run belongs to them, and anything weak hands sell is quickly found in their wallets. Anyone who wants to play a card of what happened at the end of 2017 is free to try, we may be at the peak, but we may also be just at the beginning of what will follow in 2021.

[btc_angela]

The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.

It could be, but remember that we are not in a bull run comparable to 2017. That's why we might see the price moving in range. Actually it was in the support/resistance level, certain price is the resistance and then become support and then we move to the next price. Currently the support is $18,500 then in a week we will go to $19,000 then go up and down again until such time that $19,000 became the support and move $19,500. So that's how I see the price movement as of late, no dumping but few traders taking profits here and there.

[Fortify]

"We all know bitcoin has been moving between 17000 and 19000" is a bit of a nonsense statement. It has only moved into this range over the last week or so, and was languishing below that price for years. Some people show a total lack of patience and a disconnect from what has actually been achieved in such a short time period already. I have to feel it is partly driven by greed and inexperience, do you expect the price to jump by $1,000 every day into the future? No, that's just silly. The general trend is upwards and you should be happy with that if you actually hold bitcoin right now.

[newwest]

A massive drop in January??? BTC is always considered as a extreme volatile coin so anything is possible due to it's uncertainty, also there are only two sides of crypto Market one is pump and dump. As of now just enjoy the price and plan accordingly, no one is judge here every one will just share their opinion nothing more and yes this is not the right time to buy that's for sure.

Almost from 19000$ to now 18300$ so we are seeing some pressure on bitcoin prices. But will it continue or will it bounce back from here. Also we have an opportunity to buy since it has fallen and might be we can make some profits as if it crosses 19k then might be easily reaching 20k  too. Will holders panic with this fall or will we see more buying in dips?

[JRoa]

Are you expecting that the price of the bitcoin will increase just like a straight line? If you are expecting that then you are wrong because consolidation is a matter and for me it is healthy to see the price of the bitcoin will stop in the moment and create a shallow higher lows. I do not know if the price of the bitcoin will go correction first before it finally pierce the $20K or it will beat first the $20K before it pullback and create a swing low.

[BrewMaster]

Another thing to watch imho is the breakouts from the 20k levels, if an ATH formed then definitely BTC stories will explode, an interesting moments for crypto's, a weekly chart Higher High possible target at 160k

that is easier said than done. also breaking the previous ATH is not the important part, forming a stable and strong support level above the previous ATH is the important thing to keep an eye on.

what we most probably will have is breaking the previous ATH followed by a lot of spread out panic sells and panic buys that could bring the price up and down around that ATH level multiple times before we go above it and stay there.

[ningrum]

Bitcoin has not experienced a sideways yet, but if it is a sideways and not a correction,
then the correction will come after sideways, I still hope for a correction,
because an increase without correction will be very valuable if the Bitcoin price is still at $ 18000.

[SaShiRaJaVu]

The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.

Finally we have a small correction, i am also not expecting the institutional investors booking a profit now, it that happens we might see a major sell off as they are holding billions worth of coins but before the big rally we might see minor corrections like we had today, but last month what we usually see is that whenever we had a minor correction the institutional investors are taking advantage and investing heavily and now reports are coming out that PayPal is investing heavily.

[lifeOK]

Some point, I've feeling people taking profits from BTC and pouring into alts. I think this is extremely practical thoughts when Ethereum and other alts get ready to fly. Alt market been a great few days. Suppose you're a super long term hodler, so seeing it go up and down doesn't excite you as much as it used to. BTW! Bitcoin approaching all time high before this happening there a healthy pullback.

[boltz]

The hype is kinda gone if you ask me and from here we might assist to a big correction towards 15-16k$ that will happened before end of 2020. As I told in my previous post , a parabolic rise in Bitcoin can only indicate a big bear trap at the end of it as Bitcoin never did a parabolic rise like now.

Personally I would love to see Bitcoin staying in this zone to protect the new ones and the investors who bought at "mini" fomo if I can call it like this.

[wxa7115]

We all know bitcoin has been moving between 17000 and 19000 and it's not showing any drastic move to a bull or bear but with such large increase in price, it's hard to imagine that the price has settled to this high.
Indicators are also giving mixed results. Daily buying and selling are around 50% each. Moving average are still indicating a rise.
A correction is imminent, but do you believe, there's still a bull run to come before the correction? Or would bitcoin not achieve it's ATH this time.

Personally I like what I'm seeing in the market right now, today there was an attempt to make the price correct a little bit and it reached a low of 17600 but the bulls immediately came charging back and now the price is above 18500, it seems this is going to be the first negative day for the week but the fact that the price recovered so quickly at least to me seems like a very good indicator that there is still a lot of strength in this movement.

So while I think a small correction could be healthy for the market it doesn't seem as if people believe the same and it seems we are headed to surpass the previous ATH during this or week the next one.

[Oceat]

The price is holding so long that means the holders are not in the mood of selling their coins, yet. It's just the traders that's been buying and selling. A lot of coins being held by institutional investors and unless some institutional investor or a whale goes for dumping their coin or the people lose interest on buying the coins, I don't see why bitcoin won't achieve its all time high. I've bought some more coins and hoping for the best.

No, the price is holding so long because the support is quite strong and this makes the Bitcoin price to stay and continue growing. If you look at the chart it's been a week and we already saw a continuous growth that almost hitting the ATH in 2017. I hope the price won't just stop in the middle of December just like how it moved in the last bull run in 2017. I think everyone is expecting a new ATH next year but we don't really know it yet whether the market would just straight dump next year or straight pump for a couple of weeks then correction.

[Yamifoud]

Sideways? That is normal and this is not a reason to think directly that we dump again. We have to keep in mind that Bitcoin is just like riding on a roller coaster, it goes down and up. Nothing as it changed, the price will often to show sideways as an effect to the so-called market demand and supply which it matters a lot when it changes proportionally. However, the effect won't be long, after the dump, it rises back again.

We are in the bullish season and have to witness the uprising trend than seeing it goes down. However, we shouldn't be confident enough as we know how volatile we are and that burst can't be ignored.

[magneto]

We all know bitcoin has been moving between 17000 and 19000 and it's not showing any drastic move to a bull or bear but with such large increase in price, it's hard to imagine that the price has settled to this high.
Indicators are also giving mixed results. Daily buying and selling are around 50% each. Moving average are still indicating a rise.
A correction is imminent, but do you believe, there's still a bull run to come before the correction? Or would bitcoin not achieve it's ATH this time.

I think with the current level of individual FOMO and institutional interest alone, BTC is pretty much guaranteed to finally breach $20k. I would be extremely surprised if a new all time high does NOT get set during this bull run imo.

However, don't expect swings anywhere near what we saw in the past. The market has matured substantially and the increased size of the market mean that flash crashes and pumps will both become much more unlikely.

I also doubt that the predictions of a 6-digit BTC will come true at least during the current bull market. The grassroot adoption is not there yet.