Some twist in take for BTC what's next?

[kentrolla]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

[Astvile]

Bitcoins price is stabilizing in $18.5k to $19k mark this first week of December, maybe bitcoin is just waiting for momentum to try and break again the $20k mark and if not break I think bitcoin can go dip again at $16k-$17k ish mark. I hope price correction will come after breaking the ATH and not before the next attempt to break the ATH.

[lepbagong]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

For me I have no worries at all about bitcoin for the past few months and it's been a short-term move that has been done. but the main objective that bitcoin will increase sharply is still visible and will continue to move up.
but for this month it may be difficult to predict whether bitcoin will break through $ 20K or it will fall back as it was in the past. chances are there will be no happy surprises from bitcoin for the end of this year.

but I really believe that after the beginning of the month, bitcoin will show the courage it has and will increase sharply, we just need patience to wait for bitcoin to give it.

[pooya87]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k,

There is this thing in any market called resistance, price can't easily go above that resistance the moment it reaches it. For example not so long ago, $4000 was a strong resistance and price kept going near it and come back. Eventually they all break in a bull market but not right away. $20k is that resistance right now and your expectation of it being broken right away was wrong.

Is their a dump in upcoming days or pump?

Neither, because bitcoin is not some pump and dump shitcoin to get pumped and dumped.
Rise and Fall is not the same as pump and dump though! You should seriously learn the difference.

[fauzan123]

Bitcoins price is stabilizing in $18.5k to $19k mark this first week of December, maybe bitcoin is just waiting for momentum to try and break again the $20k mark and if not break I think bitcoin can go dip again at $16k-$17k ish mark. I hope price correction will come after breaking the ATH and not before the next attempt to break the ATH.

I think a correction will be coming soon, why is that? Because now is the end of the year and ahead of Christmas and New Year, investors may prefer to take the time to vacation, of course this will also be related to sales that may occur in the near future.

Coupled with the presence of ATH which makes a double top pattern, it is possible that $ 19900 can be a strong resistance until the end of the year, of course this is a positive value before the occurrence of a new ATH later, hopefully.

[cryptoaddictchie]

I think a correction will be coming soon, why is that? Because now is the end of the year and ahead of Christmas and New Year, investors may prefer to take the time to vacation, of course this will also be related to sales that may occur in the near future.

Maybe that would be right but of course its not depend on events like that but the technical news revolving to bitcoin. I may agree that some may cash out their funds for these Holidays but bitcoin price isn't gonna go crashing because Santa is coming to Town. There are huge retracement and pullbacks but the market is quite steadily for bitcoin same goes for other major altcoins. I think if this one surpass a 20k level then possible it could continue more and proceed with a new level.

[aioc]

It's hard to figure out some whales are still dumping and buyers cannot keep up, this is how the market react, there should be more buyer than seller for the market for the market to pick and reach another all time high, don't believe what experts are posting it should be your sole decision if you want to buy or sell.

[GreatArkansas]

What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.

[kentrolla]

What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.

What are you trying to say? I was just curious to know the next price movement like pump or dump giving diplomatic answer is not a solution, I know charts and it's candles works with an assumption. It will fluctuate only if there is price movement also can you figure out the same with zoom lens and say what could be next in a simple way by saying pump or dump?..

[philipma1957]

What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.

What are you trying to say? I was just curious to know the next price movement like pump or dump giving diplomatic answer is not a solution, I know charts and it's candles works with an assumption. It will fluctuate only if there is price movement also can you figure out the same with zoom lens and say what could be next in a simple way by saying pump or dump?..

No one has a perfect crystal ball here.
going to round my numbers


But 2017 price of 20k for a miner todays price need to be 70-80k

2019 july price of 13k for a miner today price needs to be 25-30k

in dec 2017 when we got to 20k we dropped a lot

in july 2019 when we got to 13k we dropped a lot...

it is dec we are not near the equivalent numbers which are

25-30k for the 7/2019 top

and

70-80k for the 12/2017 top


I think this rally will have lots of legs 🦵

until we go over those thresholds mentioned.

the faster we get to them the foundation of more gear and higher difficulty won’t be there the quicker the drop.

So I think we move along bounce against 20k over and over. pass and drop back .

I would be happy to see us at 19000-20500 for weeks.

[Herbert2020]

What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.

a double top is in short time frame within a single trend not in a 3 year trend after a lot of swings arounds and multiple trends that changed places!
besides if you move the chart to the left until you remove from first quarter of 2017 until today you will see the exact same thing and if you go back inside topics in this board you will see the exact same claim about "double top" when price reached $1100 back in 2017!!! it didn't make sense then and it is not making any sense now either.

[adaseb]

When price consolidates for a while under resistance its usually ends up breaking up. However the amount of traders that will get caught on the wrong side of the trade will be huge. I think that we will break ATH however it won't be soon. Most likely there is going to be lots of these fake outs, kind of like a few hours ago how we breached $19600 and now we are back at $19100's.

Seems that if the funding again will go positive we might get another rejection. Because whenever funding goes positive, the whales know that most of those positions are overleverage and its very easy to liqudate the people using 50-100x leverage. This is exactly what happened the last 2 times when we were "absolutely sure" that ATH was about to get breached, it came close and no cigar. So who knows when it will eventually break.

[Findingnemo]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

No one can actually product what will happen even though if you are a bitcoin whale, but as per technical analysis expected to break the new all time high,old one was in 2017 which almost followed the same pattern as of now.

Everyone is curious too what is going to happen in the end of 2020 and also in the first quarter of 2021.

[maydna]

Bitcoin price is hard to predict where it will go. We could only prepare for anything that could happen to bitcoin. Even if the next thing that can happen to bitcoin is a dump, we don't have to panic to know what we will need to do. The price now still at $19k, and we are on the weekend, so we will see what will happen to bitcoin in the next week. If the next week, the bitcoin price does not increase, perhaps, the price will just stay at a price now, and it will down for a while, and back to the current price. But bitcoin still has a chance to make the new ATH soon, so we need to wait for a while.

[Lorence.xD]

Bitcoin price is hard to predict where it will go. We could only prepare for anything that could happen to bitcoin. Even if the next thing that can happen to bitcoin is a dump, we don't have to panic to know what we will need to do. The price now still at $19k, and we are on the weekend, so we will see what will happen to bitcoin in the next week. If the next week, the bitcoin price does not increase, perhaps, the price will just stay at a price now, and it will down for a while, and back to the current price. But bitcoin still has a chance to make the new ATH soon, so we need to wait for a while.

It is in a way difficult to predict but not that much, if you look at the price from 3 years ago, they share the same valley pattern that could be an indicator on where you want to sell you bitcoin at some point, that is just my theory so it is baseless, the last ATH is at mid-December so we can expect that at around that time maybe the new ATH will happen.

[maydna]

~snip~

It is in a way difficult to predict but not that much, if you look at the price from 3 years ago, they share the same valley pattern that could be an indicator on where you want to sell you bitcoin at some point, that is just my theory so it is baseless, the last ATH is at mid-December so we can expect that at around that time maybe the new ATH will happen.

I guess you are right. We cannot predict the bitcoin price that can be achieved in the future, even if we already have halving before. The pattern will not be the same as before, and the price will make a new pattern. If you say that the last ATH is in mid-December, we are almost there, so we will see what will happen to bitcoin on that date. We hope that the price can start the rally to the new highest price, although the new ATH will not happen this year. But we still have time to make more profit in bitcoin before the price starts another rally.

[sunsilk]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down.

The lesson is don't expect. Speculate within the years that you may want to see bitcoin reaching certain highs but within the short period that we've seen it pump, we'll get to imagine that it will have a continuous pump.

Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

Nobody knows if a dump is coming. The cycle is depending on how you read it after the pump. And that's what most market readers say, if it comes up, then it has to go down.

[Taskford]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

We don't know on what will happen next but the one we can do for now is to watch the market orders to see if there's a strong support on the bitcoins price to see on what will possibly happen on the next following days. We need to be prepared for certain instance and also the charts is also helpful for some certain readings.

I can't give a good prediction but I suggest that listen to your own feeling so that you will not be hyped easily.

[Reatim]

I have been watching the price of BTC from couple days after it broke the 15k barrier and I thought the next thing would be 22k, as days are passing somehow it's slowly pumping up and it was ready to break ATH unfortunately it failed and again it crossed 19k and went down. Is their a dump in upcoming days or pump? I am just curious to know about the next price of BTC, share your thoughts

from where have you get the idea of expecting 22,000$ ?because of the bullishness these past weeks?
But those aren't enough for the Bitcoin to cover that amount because those who had been trapped last Bullrun 2017 are just stating to sell now, and the whales are trying to bag more funds before getting inside with full investments.

Maybe in the next weeks we may cross that value but for now let us be contented on what the marker is moving.

and this is also what some traders want,the ups and down market.

[NeuroticFish]

from where have you get the idea of expecting 22,000$ ?because of the bullishness these past weeks?

22k is perfectly possible, but the "when" part is the tricky one.
Clearly 20k is already a psychological level for many and the few failed attempts to touch it, although some even broke the ATH, show this struggle.
The pretty quick recovery also show an upwards pressure imho.

But the market is hard to impossible to predict. I don't know how many more attempts will fail until 20k is broken. And then 22k is just one of the following "numbers".

Also it's fun to also see a question of "what's next" 
"Next" is a long list of ups and downs, in no particular order.
Because.. you know... market...