Gotumoot
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December 11, 2020, 02:56:08 PM |
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I think it would be around $18-19K before this year ends. But I do hope that it could be above $20K to set a new ATH and maintain it above $18K+.
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FanEagle
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December 11, 2020, 04:40:59 PM |
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I really don't know at this point, it looks like the price goes up an down constantly and I don't know what this last 3 weeks will entail, I do not really know because we have seen all time high recently, it was over $19.6k and it broke the record, but looking at what it is right now I can't say the same about right now, it is under $18k once again and that means the price is going down.
Now what we need to realize is that, will bitcoin go up like it did just ten days or whatever ago? Or will it go down more like it did few days ago? Which one is our direction? Which one will it do for a long time? We really don't know and I can't really say which one will happen. That is why I do not trust anyone that says they know which direction bitcoin will go neither.
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AmoreJaz
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December 11, 2020, 07:30:23 PM |
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I really don't know at this point, it looks like the price goes up an down constantly and I don't know what this last 3 weeks will entail, I do not really know because we have seen all time high recently, it was over $19.6k and it broke the record, but looking at what it is right now I can't say the same about right now, it is under $18k once again and that means the price is going down.
Now what we need to realize is that, will bitcoin go up like it did just ten days or whatever ago? Or will it go down more like it did few days ago? Which one is our direction? Which one will it do for a long time? We really don't know and I can't really say which one will happen. That is why I do not trust anyone that says they know which direction bitcoin will go neither.
predicting btc market is really hard as you have no idea what major factors are in play to influence the btc market. as it is a combination of various factors, what we can do is be attentive with the market, and open your eyes with news and updates that may affect its price. if you are waiting for good timing to sell your btc, you really need to closely monitor the happenings in the market. and decide what price level are you going to sell that out.
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Stedsm
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December 11, 2020, 07:56:11 PM |
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The history says BTC might reach a new ATH in January, 2021 so expecting it to show some strong moves during December is like daydreaming atm because it's looking to be getting and probably standing near $16250 before the next leg upside. Supports are being broken down and it looks like there's not been enough accumulation done as of yet.
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Reid
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December 11, 2020, 08:55:25 PM |
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All I can think of is Bitcoin is having a difficult time to go beyond the $20k mark. It's like it doesn't want to repeat history. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It might end at $19k and that's it. 2021 will be bumpier since those who are still waiting for a little profit since 2017 will have to think harder if they need to sell for ROI or risk waiting above whatever mark they bought it.
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Fortify
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December 11, 2020, 09:16:37 PM |
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It looks like Bitcoin is continuing to trend downwards, everyone got so overhyped in seeing it jump from $15k up to $20k that they fail to see that even at $15k it has made substantial progress for 2020. Everyone who is a long term investor in Bitcoin should be grateful if it continues to hold anywhere in the $15,000-16,000 region and might be in for a major disappointment if they are looking much higher than that.
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boltz
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December 11, 2020, 09:54:11 PM |
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I'm surprised that a lot of the votes pointed to the mark above 20k$ and even if we want to believe that , after a quick look at the markets we can see clearly that the resistance is still there and he didn't even test it once so I'm going with under 18k$ and to be more exactly, I will chose around 17k$. I do hope I'm wrong and Bitcoin will sky rocket out of nowhere tho.
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CryptopreneurBrainboss
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December 11, 2020, 10:03:44 PM |
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Everyone who is a long term investor in Bitcoin should be grateful if it continues to hold anywhere in the $15,000-16,000 region and might be in for a major disappointment if they are looking much higher than that.
I think this will be the lowest bitcoin will go if the year was to end in a disappointing way. The only reason the market still has a bullish look is because of the institutional investors buying every dip, if not the selling pressure should have driven the price further down assuming there was no buying support form the big firms. Bitcoin is looking week daily and it's affecting the altcoins market as always, just hope we get any leg up (in regards to price appreciation) before the Christmas selling pressure takes over. Overall I think the enthusiasm of the market exceeding its previous all time high should be forgotten as that isn't happening this year.
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Wysi
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December 11, 2020, 10:25:27 PM |
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We should be thankful and consider ourself lucky that the price of bitcoin crossed previous ATH wherein most of us were anxiously waiting for bitcoin to cross $15k and we were disappointed when Bitcoin reached till $13k last year but failed to reach $15k. I think Bitcoin is trending at a good figure and $20k will be a reasonable figure which we may expect bitcoin to reach by the end of the year. Ofcourse we might see some sudden pumps and dumps which will create panic amongst users and it could drive bitcoin's price abkve $20k or below current price.
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STT
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December 11, 2020, 10:33:51 PM Last edit: June 12, 2023, 02:09:28 AM by STT |
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Price could hold at the high prices, not breaking up and not sustainably selling off. Of the two possibilities I would guess we do pull back more in price then this but some think there is a large amount of buying that will not change and demand outweighs supply hence we do push higher. I think a fair estimate is we hold up somewhat, so prior high prices if projected to year end is no higher then 19k area and arguably the 50 day average continues to rise and will provide some idea of support until the the two touch then we may not last here but will get reactive movement. Today the lows were observable in support from prior pricing, if we do break below that support then move your sentiment in estimation and so on. Short term we fell below moving averages like a weekly average and going into the weekend price recovered some but I wont predict positively till we pass above again. 3 strands on your banjo for the music to continue, watch 17.8k then 18.2k and 18.8k I dont turn positive in trend estimation till we pass and confirm above again. BTC very often goes sideways anyhow
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BuNga_cute
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December 11, 2020, 10:46:10 PM |
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After seeing Bitcoin price movements in the first week of December, I changed my prediction regarding the Bitcoin price at the end of this year. Previously, I believed Bitcoin could reach a price of $ 22,000. Now I doubt if Bitcoin can reach that price, my prediction regarding the Bitcoin price may only hit $ 19,000 later this year. But we must be grateful for the achievements of Bitcoin this year, because in a pandemic situation Bitcoin can go up in price above $ 19,000 is already extraordinary.
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Ridwan Fauzi
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December 12, 2020, 03:11:08 AM |
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On the weekly time frame bitcoin price has given an indication that the price will fall (I'll predict that the current weekly candle will be formed as a red candle). So as there will be a correction first before its price pass the $20.000 and seem like it will happen in the next year. But yeah I just frustrating to see the current price movement, usually if the correction comes it will happen quickly, but now it happens very slowly, even when I see a bearish engulfing candle on a small time frame, quickly on the next candle forming a bullish engulfing candle, and it is very dangerous for scalper traders. And I'll predict bitcoin price at the end of this year will be on the $15.000-$16.000 barrier.
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peter0425
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December 12, 2020, 03:40:16 AM |
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I will lay down my cards now,and i think this 18,500 wil be our ending value because if Bitcoin really has the capacity this year to add the price of last ATH the Run last month is more than enough to make it but why not?
Why seems there is a Barrier even how good the 2020 gives for the community and market,many big investors even institutional are now inside.
and the gambling community also gaining support from incoming new players yet here we are.
Just be cautious and alert ,check the movement always then decide before year ends.
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adaseb
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December 12, 2020, 05:42:02 AM |
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I think that $19.9K or whatever the official price was might be the high of the year. The market is getting really choppy and many forget that with the holidays coming up there will be less activity. Most will spend time with family, especially with all the crazy things that happened this year.
The proof in this is news such as Microstrategy buying $500M, another insurance company buys $100M, tether prints, and price fails to rally. It really should be at ATH right now but its not. Also there is lots of deposits into exchanges from miners and large whales.
So I think top is in and best case we dip to $15K before ATH again or lower to like $12K before ATH again. Don't see us going below $10K. If we do get to $10K, will buy as much as I can.
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michellee
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December 12, 2020, 06:06:56 AM |
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We already hit the highest price for this year, which is at $19k a few weeks ago. I don't think that bitcoin will hit another highest price again at the end of the year. But that could happen before or after Christmas or in the coming of the new year. With what happens after the new highest price in a while ago, bitcoin price moves become more unpredicted and it seems the price is not going anywhere and only stay at $18k. Maybe we will see a surprise after the new year, and hopefully, that means the price will start to rally and break $19k again. It will make many more predictions about the bitcoin price, but we don't know the right things about the price.
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carlisle1
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December 12, 2020, 07:54:51 AM |
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I think that $19.9K or whatever the official price was might be the high of the year. The market is getting really choppy and many forget that with the holidays coming up there will be less activity. Most will spend time with family, especially with all the crazy things that happened this year.
Well that is one sentiment that must understand ,it is not only people are withdrawing their money to use in Holiday also traders are in vacation so market won't move that high. The proof in this is news such as Microstrategy buying $500M, another insurance company buys $100M, tether prints, and price fails to rally. It really should be at ATH right now but its not. Also there is lots of deposits into exchanges from miners and large whales.
Because altcoins is also moving like ETH and XRP in which big portion that should be invested in Bitcoin for the price will continue uptrend. So I think top is in and best case we dip to $15K before ATH again or lower to like $12K before ATH again. Don't see us going below $10K. If we do get to $10K, will buy as much as I can.
And that is what Whales wanted the price to drop that hard again so they will bag another amount to their holding and the majority of Bitcoin will be in their position.
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cryptomaniac_xxx
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December 12, 2020, 08:05:53 AM |
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I voted for $20k and above, I still have the gut feeling, based on previous December year-end, that we have somewhat had a good chance to a sudden spike just before Christmas or right after New Year. And with the bullish sentiments and the greed index still very high, I 'm seeing $20k-$21k tops at the end of the year.
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error08
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December 12, 2020, 08:52:36 AM |
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19 days left to the end of the year, seems there is a battle in the market to save bitcoin by sold a big amount of xrp and switched it to pumping bitcoin and some huge whale trial to dump it on critical levels trying to prevent natural recovery. However, bitcoin seems to regain its strength to stay above $18,3k and hopefully close the day above $18,5k. Bitcoin still has a chance to break $20k before the end of the year, as the cycle of dump and pump shows some different patterns and create new support levels.
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bitzizzix
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December 12, 2020, 09:35:11 AM |
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The price of bitcoin will experience a correction, but the trend in magnitude is still strengthening. and in my opinion the price of bitcoin will only go down a little then go up again which in my opinion is still in a good price state. And I think the price of bitcoin has hit a high this year reaching over $ 19,900 and it seems like an all-time high, it looks like the end or beginning of the year bitcoin will hit $ 20,000 and that's very easy because the price is almost close to that price.
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btc78
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December 12, 2020, 10:20:40 AM |
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I voted for $20k and above, I still have the gut feeling, based on previous December year-end, that we have somewhat had a good chance to a sudden spike just before Christmas or right after New Year. And with the bullish sentiments and the greed index still very high, I 'm seeing $20k-$21k tops at the end of the year.
Nice confidence lol,But i'm sure you are completely ready if things go other side,TheBuy/Sell order is waiting just a single click ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I will decide this coming week if what to do,will assess the and make a conclusion if will still Keep till near year end,or will directly out and enjoy the December with my family away from the Stress of Market ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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