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

[tertius993]

There's been a lot of predictions (mostly rather wishful it seems to me) about where bitcoin will be before the end of 2020.

However, since the recent top at $19,918 we've had a gentle slide back down to the current value around $18k.

Right now (10 December, 0800 hrs EST) Bitstamp is between $18,100 and 18,200.

What do you think is the max value we will see in the last three weeks of the year, so from now until midnight on 31 Dec.

My suspicion is its going to keep trending down with occasional bumps, but won't get above $19k again this year (so Option 1 or 2 for me).

So the question is not where will it be at the end of the year, but what will be the top between now and the end of the year? 

Really interested to see where sentiment is at after the excitement of the recent high and the subsequent drift down.

(Note: poll runs for a week)

[Lucius]

Given what the situation was in the first few months of this year, I don't think anyone can be dissatisfied with the current price - and I personally hoped it would go up to about $15k, which would be a 100% increase over the price in halving time.

Since we have several attempts to reach the new ATH, and all have so far been unsuccessful, it is possible that in the next 20 days there will be at least one more attempt by the bulls to reach $20k. If I had to give an estimate of the price, I would say that we will probably not go over $20k, and that the lower limit will not go below $16k.

Of course, this is just speculation based on what has been happening in recent weeks - the possibility is always there for some extremely good or bad news, and this can result in a price change of up to $5000 in either direction.

[tertius993]

Thanks for the thoughts.

This is definitely not about satisfaction or otherwise (look at where we were just a few months ago!) it's more about understanding the sentiment after just touching a new high and then falling back.

[ipanks]

I vote for $19,500-$20,000, but I think that could be for the range between $19,000-$20,000 because we already hit up to $19k before, and if bitcoin price increase and get a pump, it could jump to $20k. But it is only a prediction, and I am sure that many people will have their prediction about bitcoin price.

And related to your question, what will be the top between now and the end of the year?

I think that could be between $19,000-$20,000 or it will get the pump to break more than $20k. But I do not yet make any prediction about bitcoin price.

[STT]

gentle slide back down

Its not a gentle decline imo, we stepped off the ladder which got us this high and to me that normally means we arent floating like a feather but due to correct downwards with more velocity then we rose even.   So thats the scenario in potential and its not yet proven as its just taken place, so wait to see if gravity takes over or we quickly regain our grip and continue the rise.    Its possible but more probable imo its correction far below our current expectations and outlook.    Now I want to speculate where is the safest and strongest support for us between now and year end.

[masterzino]

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.

[kentrolla]

I still believe BTC may go upto 22k as the Christmas Eve is all set to come many Investors will buy it again also we are not going to see much enjoyment and fun of Christmas because of COVID-19 there are severe restrictions in many countries, so logically there are more chances for buy again if these stuff go well then automatically the price will go up.

[passwordnow]

I've voted for $19,500 - $20,000.
I'm still wishing that we'll get to those prices at the top of where we are right now. The recovery has been better since we've been dropping and that makes me positive for the upcoming weeks which is like crucial for other people thinking what would be the end of this year.

[Erdogan]

I voted it would be over $20k. I know that the situation now looks like investors are scared, but in my opinion it is just the calm before the storm. I don't know if it will be tomorrow or next week, but in my opinion the bull run will start before the end of the year.

[exstasie]

So the question is not where will it be at the end of the year, but what will be the top between now and the end of the year? 

Really interested to see where sentiment is at after the excitement of the recent high and the subsequent drift down.

(Note: poll runs for a week)

I feel like the top is in for the year.

Not sure if the market will just drift sideways for a while (coiling up for a breakout in Q1 next year) or if a brutal shakeout is still on the way. In the latter scenario, I would expect all lower highs from here.

Sentiment does feel pretty greedy. It feels like everyone is long and waiting for institutions to take us to the moon. At times like these, I like to be prepared for a mini-crash that shakes out the early and over-leveraged bulls. When the market is finally ready to push a new ATH, I expect to see more skepticism and pessimism, like we saw in Q1 2017.

[rhomelmabini]

Still bullish and bitcoin do surprise us all the time but I fell like that $20k is gonna be break this year alone but if not then we should really be hopeful on the upcoming start of 2021. If we look at the yearly candles and we are going to repeat the same cycle then it's probably heading to the ATH better than it was on 2017. Still on the stronghold rhythm there's no fear if you want to HODL for long term.

[LUCKMCFLY]

I think that this year we can close with a flourish above $ 20k, the main reason is because demand increases, everyone at this time, despite the pandemic, looks for their gifts and things for the Christmas holidays, these emotions lead to the market increases in price.

[LogitechMouse]

It tried to go up to the $20,000 twice but failed. This just shows that there are many who doesn't want Bitcoin go up to that price.

With what's happening right now, my prediction months ago might happen that Bitcoin's price at the end of the year will end up at the $15,000-$16,000 price . The market is at its correction phase as of now and it gives investors another opportunity to enter the market. We need this kind of correction too in order for the market to shake those investors who has weak hands .

Short term I'm bearish right now in the market as we are seeing a corrective move but long term the market is still bullish.

[pilosopotasyo]

Before I comment here I checked the price and here it is $17,990.07 this is the lowest this week and and could even go lower, this is unexpected we are hoping for at least $19500 but we are now below $18000 but I am very optimistic that before the year ends we'll still cross the $19000 level, there's still a lot to happen this 20 days, let's see how things will play out.

[gabbie2010]

Christmas is around the corner exchanging some btc to fiat is very imminent for Christians to buy gifts and other stuffs although this might not necessarily have much or full impact on it price, nevertheless I voted for $18,500-$19,000 which I believed the price can settled for, although the price had pulldown to $17800+, its obviously the usual drop associated with the price in the recent times, the month of November has been bullish all through a minor pullback this month is not bad before continuation of the bullish runs which might reach $18K to $19K with close to 20 days to the end of the year.

[rodskee]

For how many attempt of taking over the ATH it becomes frustrating to many if Bitcoin will really make it this year or we need to wait in 2021 for the finalization of this bullrun that had been paused.

maybe i will take up to $18,000 now as i wan't to be ready and don't be frustrated if we stays in this level,

Before I comment here I checked the price and here it is $17,990.07 this is the lowest this week and and could even go lower, this is unexpected we are hoping for at least $19500 but we are now below $18000 but I am very optimistic that before the year ends we'll still cross the $19000 level, there's still a lot to happen this 20 days, let's see how things will play out.

The lowest this week and might be the start of correction?that in another thread i read that it is 35% less the expected correction price.

if that's gonna happen then i may convert all of my coins to Bitcoin,not care if putting all eggs in one basket.

[Chrystora123]

I'm still optimistic Bitcoin will hit $20k before this year ends.  In the last few weeks, we've seen that the $ 20k wall is very hard to break, Bitcoin will go down immediately when it hits $ 19.4k (monitoring in recent days), but I am not pessimistic about the possibility that will happen (Bitcoin up to $20k).. 

[Ayiranorea]

Right now the price could've touched $20000 based on the growth happening in the cryptomarket. For some reason the market isn't moving good. The continued growth has got paused, now the market seems to fall gradually. We don't know to what extent this is gonna reach. Considering the present market situation and the price, there is more chance of $18000 - $19000 than a solid $20000.

[Reatim]

Same vote of 4 from the lowest of 18,500 and 20,000 above meaning the pulse of community is divided and this is a good indication that either we will Hit the top or we will fall the ground.
I voted for Bullish 20,000 and up because that's what i believe will happen,after so much good news comes to the market i don't waste this moment like what i wasted in 2017 when i sell out in the middle of the bull.
Now will hold this even if i need to keep this the whole year again in 2021.

[smyslov]

There's been a lot of predictions (mostly rather wishful it seems to me) about where bitcoin will be before the end of 2020.

However, since the recent top at $19,918 we've had a gentle slide back down to the current value around $18k.

Right now (10 December, 0800 hrs EST) Bitstamp is between $18,100 and 18,200.

What do you think is the max value we will see in the last three weeks of the year, so from now until midnight on 31 Dec.

My suspicion is its going to keep trending down with occasional bumps, but won't get above $19k again this year (so Option 1 or 2 for me).

So the question is not where will it be at the end of the year, but what will be the top between now and the end of the year? 

Really interested to see where sentiment is at after the excitement of the recent high and the subsequent drift down.

(Note: poll runs for a week)

I am still hoping that the price will step to the $19000 and we just have to contend that Bitcoin will have it's all time high next year, 2021 will have a lot of room for improvement, we just have to treat 2020 as a year that the market has got back to it's feet and 2021 the year where the market will have a lot of records to break.