Three weeks to the year end - what will be the high?

[tertius993]

Two days in and price has climbed above $18,500.  The four of us who voted for a high in the 18.5-19 range are currently looking good.

Volume looks low but I'm slightly surprised to see we've had about 24 hours of a pretty steady increase.

Overall the voting is slightly on the bullish side but only just.

[Maslate]

The highest and the lowest prediction are tie, 7-7 per poll result.

I voted for the lowest prediction because I don't think there will be an ATH this year, the movement of bitcoin seems bearish already, and if we are really into a new ATH this year, it could have achieved when bitcoin price was close to $20,000 which it failed.

So I don't expect much but I could be wrong of course.

[stomachgrowls]

Basing off those numbers which are really just close enough to each other which you can really see the poll results which are
almost evenly the same where people do presume out that we would really be staying with these levels before this year ends.
Above 20k is less likely if we do base up on how many times  the market had rejected out that level.
There might be some tendencies that we will be moving in last 2 weeks left for this year.Lets wait and see!

[darewaller]

I believe we are not going to see a new all time high this year, it is going to take a bit while before we do that again. Obviously we are not going to crash and become under $13-14k level neither, at least I hope we don't do that, but at the end of the day we are talking about bitcoin here and it doesn't move the way you expect it to do most of the time. It means any of us here could be right or could be wrong and we won't know about it until it happens.

My understanding is that bitcoin already had a huge increase and in order for it to go up a bit more we need to first make sure the rich people who accumulate bitcoin and suddenly start an increase already sold a bit of their coins and they need to recover and get more, and that will take some time since they can't do that all at once without disturbing the market.

[Becky666]

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+.

Am also in support of the $18k to $19k price point before the year end but this will be determine by the sellers whom might have wire interest on $19k. For anyone to say the year 2020 will end with a high price of $20k maybe that won't be realizable as the market might experience a correction at $19.7k again, so, we should look forward for $18k to $19k.

[Sebas.tian]

My vote goes to $18,500-$19,000.
I don't expect any significant movement until the end of the year. In less than 10 days almost all business will go into Christmas/NY vacation and people will prefer to spend some family time instead of speculating with crypto.

Frankly speaking, my vote will be peg on $18.8k and not the $19k, we are not going to see Bitcoin price at $19k due to Christmas  and new year celebration, this time, investors will like to take profit for the celebration which will have a huge impact on the general market, so, we should not be waiting for something huge in Bitcoin price before the year end.

[STT]

Sunday into Monday trading is going to open higher then Friday close to main markets but Im going to be Debby Downer here and say the weekend rally is not occuring with enough volume to convince me it will hold.   Its likely to be a better area to sell for those that were going to do so anyway and I dont know that negativity exists beyond a trade but its there imo and market has to disprove all negatives before it can really rise properly for grander estimates to year end or any larger price objective.
   We've risen 4% today but the volume does not pass any of the past 3 days while exceeding their highs it does negate that action and collectively they are far more significant hence I say we repeat.   I'll post a chart but in conclusion its just that we are outside the prior trend and rising now is still placing BTC action outside that previous lower trend bar upwards.  So we are best neutral but likely into some type of selling, not for certain of course but imo probably we must consolidate.



16k would be the prior base to check if we do not regain the trend on a weekly closing basis.

[exstasie]

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.

Agreed, late December is usually characterized by sideways or dumps if you look at the last several years. Given the magnitude of the rally over the past few months, a continued correction (even if only sideways) makes sense. I'm thinking the top is in for the year as well.

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.

The exuberant sentiment from Microstrategy and the overall expectation of Wall Street buying us to the moon is honestly making me bearish.

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.

$12K would be a gift. I think $10K is off the table for good.

[michellee]

Slowly but sure, the price seems to want to test to break $19k. The price now can increase for a little, and it already breaks $18k. Sooner or later, it will break $19k, and I think it could happen in the next week. The green candle appears at the market, and if it stays for this day, there will be a chance to break $19k tomorrow. But we need to be careful because this will not guarantee that the price still increases, and there is no strong sign for bitcoin to rise. But it is a good time to sell some bitcoin when you buy bitcoin at $17k-$18k.

[tertius993]

As at 0600 (EST) 13 Dec: voting perfectly balanced but the bottom two options are now out of the running.  Middle option (up to $19,500) looks as though its days are numbered.

If I could change my vote I think I'd be looking above $20k now, though Bitstamp shows there are still about 750 BTC to get there.

[Yaunfitda]

I remain optimistic and voted for above $20k before the end of 2020. Although we might see the volume as weak, but just today we have broken $19k and at the start of next week, everything might change to the upside. So it we break reach $19,500 resistance and go slice it without any resistance, maybe we have a bit of luck and see the price goes off to $21,500 3rd to last week of December.

[robelneo]

I want to end the year full of optimism and I want to start now so I voted $19,500-$20,000 even if the price is not looking good I'm hoping for another all-time high, it's possible we never know the market is very volatile you never know what's coming up the next day, this is the time that the market has a lot of surprises, it has become unpredictable, just this year it has a lot of surprises.

[arwin100]

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.

Although I voted for $19,500-$2000 but still I'm hoping to see a price more than that for this year but since the market is acting strange right now maybe we will end up on the figures I voted since we need also consider things beyond happenings on the market. Maybe next week I will think about selling since to settle enough and enjoy the season.

[Noctis Connor]

It is really hard to predict what will be the price of bitcoin since of us are still holding and most people now are preparing for the christmas well we can't say that they don't want to spend some for christmas but this pandemic they needed to celebrate for something or thanking the way world works, Bitcoin change time to time which you can easily invest and thinking that people we're not going to dump some of bitcoin our economy changed and most of people are depending on bitcoin and so maybe next year.

[Kong Hey Pakboy]

Bitcoin price remains unpredictable because bitcoin is continuously making ups and downs; lately, bitcoin's price goes down from below $18,000, and today it gains back to $19,000+. It is hard to conclude the price of bitcoin by the end of the year 2020, but I still hope that bitcoin will continue its bull season or make its new ATH until the Q1 of 2021 before the market falls.

[jostorres]

We need a clean up and we need it big time. There are tons of sellers who want to get out of market by selling at above $19k, there are so many bitcoins sold as soon as we reach these prices, there is a huge wall and everyone wants to get a piece of that prize and get out when they can at these prices and people do not realize how much they are hurting the price because they just want to get out at the top.

When you "buy low, sell high" that means you have to sell at the very highest price you can, and right now people are doing it, they think $19k is the biggest we can find and that's all they care about, if we could somehow convince those people to not sell at this price and can make them see how we can be a lot higher if we wanted to, we could potentially make a decent run, but without cleaning those sellers out, we are going to keep having trouble.

[Wysi]

I want to end the year full of optimism and I want to start now so I voted $19,500-$20,000 even if the price is not looking good I'm hoping for another all-time high, it's possible we never know the market is very volatile you never know what's coming up the next day, this is the time that the market has a lot of surprises, it has become unpredictable, just this year it has a lot of surprises.

This year has been surprising as you have mentioned wherein we have experienced a lot of fluctuations but comparatively 2020 has been a better year for Bitcoin after years of uncertainty. I am aligned with you as I hope Bitcoin will finish this year around $20k which I though it will be achieved during the first two weeks of December itself if not for the recent correction which took place. But, still nothing is certain until we reach towards the end of the year.

[pooya87]

We need a clean up and we need it big time. There are tons of sellers who want to get out of market by selling at above $19k, there are so many bitcoins sold as soon as we reach these prices, there is a huge wall and everyone wants to get a piece of that prize and get out when they can at these prices and people do not realize how much they are hurting the price because they just want to get out at the top.

Actually because we have seen $19k range for some time now and there has been a couple of sell offs so far, I don't think there is anybody left with plans to sell in "$19k range" anymore. For now there are more people who want to sell above $20k which is what I believe will be the next volatility, after the $20k is broken there will probably be another panic sell to bring it back down again before it goes up for good.

[tertius993]

Two days left on the poll and the bottom three options have gone - only the top two are still in play.

Unsurprisingly, with this upward push the voting has become steadily more bullish ... would be great to see >$20k this year, but I think the continuing sell pressure is going to hold it down until the New Year. (Note this is not advice and I am utterly hopeless at predicting price movements ...)

[peter0425]

We need a clean up and we need it big time. There are tons of sellers who want to get out of market by selling at above $19k, there are so many bitcoins sold as soon as we reach these prices, there is a huge wall and everyone wants to get a piece of that prize and get out when they can at these prices and people do not realize how much they are hurting the price because they just want to get out at the top.

Actually because we have seen $19k range for some time now and there has been a couple of sell offs so far, I don't think there is anybody left with plans to sell in "$19k range" anymore. For now there are more people who want to sell above $20k which is what I believe will be the next volatility, after the $20k is broken there will probably be another panic sell to bring it back down again before it goes up for good.

Action that i am waiting ,if the sell off happens after breaking the $20,000 meaning we are in the new market position and the effect of real investors will takeover the market,that will surely bring positive impact .

We have been waiting for this value since the middle of November and until now the waiting game is happening.

But yeah those Buy High sell High must be contented for the market to be on the right track again and not purely speculative.