What's next for Bitcoin?

[Wysi]

Finally the wait is over as Bitcoin has got a new ATH before the begining of December, what's next? Now we will so too many speculations with title like "Bitcoin to moon" Bitcoin will reach $1,00,000 within few months and all. But we really need to set right expectations in order to make sure we don't get carried away with the market chaos, I feel we need to wait for atleast a week and do various factors which might affect the value of Bitcoin for atleast one month before making any decision about buying or selling in order to stay safe.

[Charles-Tim]

Although bitcoin has been able to reach all-time-high today according to report on crypto news, but this has only been if compared to dollar. But, people holding bitcoin in 2017 when the price was at $19,891.99, according to coinbase’s price index have not actually recovered back their funds in value. U.S. dollar holders lose approximately 2% of their purchasing power per year on average from inflation. Official data reveals 2.13% inflation in 2017, 2.49% in 2018, 1.76% in 2019 and 1.86% in 2020. “If you bought Bitcoin at the top in December 2017, you won’t truly recover your buying power until bitcoin hit $21,131.02. The real all time high in value will be achieved at this later price if dollar inflation is included. I believe $21,131.02 will be achieved soon to let people realize that bitcoin is an appreciative asset, that people holding it will certainly have nothing to lose but gain.

https://cointelegraph.com/news/will-money-printer-go-brrr-rob-bitcoin-of-its-all-time-high

[Coin-Keeper]

Sometimes patience is key.  In 2017 and early 2018 when my BTC fell to almost 3K I was frozen in fear as to the best move for my future.  I elected to HOLD because it has worked for me the past 8-10 years.  Today I am about the happiest man alive with my decision.

[Charles-Tim]

Sometimes patience is key.  In 2017 and early 2018 when my BTC fell to almost 3K I was frozen in fear as to the best move for my future.  I elected to HOLD because it has worked for me the past 8-10 years.  Today I am about the happiest man alive with my decision.

Bitcoin is proven itself as real deflationary money, holders can not lose over a long period of time, if they think they are losing, the price will rise again, all needed is patience.

[Yaunfitda]

Finally the wait is over as Bitcoin has got a new ATH before the begining of December, what's next? Now we will so too many speculations with title like "Bitcoin to moon" Bitcoin will reach $1,00,000 within few months and all. But we really need to set right expectations in order to make sure we don't get carried away with the market chaos, I feel we need to wait for atleast a week and do various factors which might affect the value of Bitcoin for atleast one month before making any decision about buying or selling in order to stay safe.

The question is whether we can sustain this run or see a massive drop. I haven't seen the price touch $19,9++ though, so I'm not sure if we really did get to a new ATH or not. Regardless though, at the current price movement of $19,400-$19,500 definitely a new ATH is possible. But I'm more worried as there could be a sell-off. So let's see how it goes, and just hope for the best again.

Patience is the key is we wanted to make a profit and wait what 2021 will bring.

[batang_bitcoin]

Finally the wait is over as Bitcoin has got a new ATH before the begining of December, what's next? Now we will so too many speculations with title like "Bitcoin to moon" Bitcoin will reach $1,00,000 within few months and all. But we really need to set right expectations in order to make sure we don't get carried away with the market chaos, I feel we need to wait for atleast a week and do various factors which might affect the value of Bitcoin for atleast one month before making any decision about buying or selling in order to stay safe.

As for buying, it's a complicated decision for those who are doubting that it will go higher. And the situation of 2017 can also happen for them and that's why there are doubts that's being done as they don't want that to happen to them.
And for selling, if it's profit, you don't think of it as a complicated thing. You get your profits and you take care of your whole portfolio, sell but don't sacrifice all what you've got.

[STT]

Full breadth of the month old bullish channel today, I guess that sell on a Thanksgiving holiday was not considered true by buyers today and it helped it reverse all the way.    So we're back to the top of price aspirations and by my reckoning, we'd have to climb the wall to keep progressing at this rate which people might hope for but its healthier if we just stay on a slower steady course.



So around 18000 below is weekly average and thats about the downside target for a normal cycle down from today though channel would suggest we stay closer to 18,500.     One thing to note when speculating next rather then just now in BTC projection is dollar reversed up and if it continues to do so will probably indicate we're done rising for the moment; by that I mean its indicating a possible bottom price in dollar index but taking one day is not accurate its just something to watch.

[crwth]

We have seen multiple posts on different boards and possible local boards as well that Bitcoin can go to the moon. Now that we are reaching a new ATH, don't you think it's something we should be ready for? There's nothing much we could do but take advantage of it. Imagine being unable to cash out once it has reached a higher high and putting more once it has done its correction. HODL or trade your profits.

I think you might have missed another 0 in your first post.

[Fundamentals Of]

The new ATH looks not very interesting to talk about as it has not reached $20,000 which many people are setting as the previous ATH. That was an amount rounded off when Bitcoin made a very strong rally in 2017. And there is reason to accept that because I think there was really a point when the price of Bitcoin reached $20,000, however short-lived, on selected exchange platforms.

For now, I think the price of Bitcoin will still be going upward and will probably break the $20,000 resistance in the next following days.

[kentrolla]

As bitcoin is nearing closer to ATH some crypto bulls have already given predictions for where the price of BTC go next, as btc has a strong reputation for extreme volatility there are many chances it may go around 22-24 k this is my opinion according to the current market status right now it's going now but I believe it may a correction also there a strong resistance support so let's hope for the best.

[Scripture]

I have some regrets not buying Bitcoin during its dumped moment, only if I know this moment will happen again. Well, I hope that it will continue to rise until we reach the peak again and I'm probably waiting at the bottom level and I will buy more for sure and hold until Bitcoin rise again. The trend is not over yet and there's still a huge volume in the market, so I believe bitcoin will end this year with a bang!

[BrewMaster]

I have some regrets not buying Bitcoin during its dumped moment, only if I know this moment will happen again. Well, I hope that it will continue to rise until we reach the peak again and I'm probably waiting at the bottom level and I will buy more for sure and hold until Bitcoin rise again. The trend is not over yet and there's still a huge volume in the market, so I believe bitcoin will end this year with a bang!

the problem with wanting to wait for a dip right after there was a major dip is that the chances of seeing another one be repeated is almost zero. that is why they say luck only knocks at your door once.
with the way price is rising, the lows are going to keep going up and every dip will have a higher low while each try weakens the $20k resistance. soon you'll see it is too late to buy below $20k.

[sheenshane]

For now, I think the price of Bitcoin will still be going upward and will probably break the $20,000 resistance in the next following days.

I have doubt too that it will repeat the price in the year 2017 and there's a new ATH will happen. But as of now, there's a small correction of the price.

I would say, "Cheers" to all Bitcoin holders who exerted effort in waiting for this ATH to be achieved again and sorry to those who didn't wait, for patience is the key in this crypto world.  Now that we have reached the ATH in figures but not in value yet due to the inflation and purchasing power, I know for sure that there's still a lot of things that may occur anytime.

We all know that once we reached the ATH the number of buyers may go low because of the price and chances of sustaining it or keeping it in ascending trend will be lower IMO, during this time we are now more prone to a price dump since more investors would have think of selling their Bitcoins because of this ATH and any possible correction afterward which I'm hoping not to happen again similar as it was in 2017 after the pump was happened.

[davinchi]

I just hope that we do not crash, that is my only hope and wish right now. We do not have to go to 25k, or 30k or over to make me happy, I am quite happy as it is right now without needing to go any higher and price at 20k would be perfect for me, maybe just a tad bit higher like 21-23k range so that we would have a leeway of falling and going up time to time.

However as long as we do not go under 17k ever for the next 6 months, I would be happy, and we all know bitcoin always drops huge in over 6 months, which means we are probably going to see at least one big crash, but since we are at a huge level right now, this crash could be different than others, it could be something we may not recover that quickly, when you go from 9k to 6k it is easy to go to 9k but when you go from 20k to 6k it is not as easy.

[thecodebear]

What's next for Bitcoin is either a continued pump over $20k and then correction, or perhaps this was a double top just under $20k and correction incoming soon. I'd expect whenever the correction does occur, it'll go back to around $13k, give or take a couple thousand, and take a couple months from the time it starts until Bitcoin gets back to the 18k/19k range. At which point Bitcoin will surge well into the $20,000s as it continues to make long term higher highs.

[ololajulo]

The last time bitcoin touch the ATH after 3 years the dominance of bitcoin begins to decline until it reaches 38% from 98%. This time it has only enjoy 78% because of the high number of altcoins and Ethereum percentage (8%). I don't know the extent of bitcoin dominance decline this time cause Altseason is about the arrive in its full force. Defi will now have its way and more ICO against people's belief.

[exstasie]

the problem with wanting to wait for a dip right after there was a major dip is that the chances of seeing another one be repeated is almost zero. that is why they say luck only knocks at your door once.

I agree with the general idea, but here's the thing: there hasn't been a "major dip" yet. The drop to $16.2K was only 17% from the top. For BTC and its past bull runs, that's nothing.

There hasn't been a significant (25%+) shakeout since the March bottom. It's possible the market keeps stair stepping up to a new ATH without any sharp pullbacks at all, but it's also very possible that a real shakeout is still around the corner.

With the Fear and Greed index at 95 (where the bull market reversed in June 2019) I definitely would not rule it out.

[Wysi]

The new ATH looks not very interesting to talk about as it has not reached $20,000 which many people are setting as the previous ATH. That was an amount rounded off when Bitcoin made a very strong rally in 2017. And there is reason to accept that because I think there was really a point when the price of Bitcoin reached $20,000, however short-lived, on selected exchange platforms.

For now, I think the price of Bitcoin will still be going upward and will probably break the $20,000 resistance in the next following days.

Yes, Bitcoin will eventually cross $20k and if there is a strong resistance at $20k then we can be rest assured that Bitcoin will set an unexpected record like it did last time and I know new ATH may not look interesting as it's already predicted for years and moreover last few days has been bit of fluctuations. I personally feel $20k is not a big deal if we look at it from last ATH and the percentage of increase which Bitcoin achieved to reached last ATH, once we witness a good resistance at $20k then we need to make most of the opportunity which comes only once in every 3 years.

[maxreish]

Finally seeing new ATH. Almost $20k touched from the past few days and then it has a correction again down to $18k. Others speculated bitcoin is just started and can go high up to $360k. And that $1m predicted by John McAfee by the end of 2020.

And because bitcoin is so powerful thus the massive growth has been taken place. It's possible to see more than $20k as it touched $19,800 last time. Good thing I still have half of my holdings and I can see another fruit of labor profits coming soon. So, yeah cheers beloved long term hodlers!

[CODE200]

Finally seeing new ATH. Almost $20k touched from the past few days and then it has a correction again down to $18k. Others speculated bitcoin is just started and can go high up to $360k. And that $1m predicted by John McAfee by the end of 2020.

And because bitcoin is so powerful thus the massive growth has been taken place. It's possible to see more than $20k as it touched $19,800 last time. Good thing I still have half of my holdings and I can see another fruit of labor profits coming soon. So, yeah cheers beloved long term hodlers!

At this moment, it's market value is playing pump and dump, but the good thing is that the market price is recovering whenever it experience falling. There are many speculations circulating on the Internet. Some are positive about the market behavior and some are not because many people are still in doubt of this technology's capability. When it comes to its market value, I believe it will make a new ATH for this year since there's still a month to do so, but I guess it won't be that far from its ATH.