Bitcoin This year & Next year.

[YOSHIE]

Some questions cross my mind about Bitcoin right now....!

You know Bitcoin has exceeded the ATH level in 2017, and is trading today at the level of more than $20k, meaning: roughly Bitcoin has found its current highest price peak.

However, I started to think Bitcoin could be over $25k between January and March 2021, it could happen because now it has broken the 20k level.

My question....!
1. Could it be that after this Bitcoin fell even lower, as was the case in 2017 and 2018 ago.
Rose to the highest price at the end of 2017 and fell back to the low of 2018.
2. Or is it possible that Bitcoin will stay at the lowest $20k level and will continue to $.....!

What do you think after this incident bitcoin passed through ATH.....! Go up to the next or vice versa.
Speaking is not based on predictions, only seeing from existing experiences.

[pooya87]

No, it is not possible for bitcoin to fall to "lower prices" ever again. Certain levels are gone for good. For instance we can be confident that any of the low prices such $3k, $5k, etc. or even $10k that we had this year are never going to be repeated.
Like always bitcoin adoption is growing and with it the price will keep going up. Each time it sets a new record more lower prices become impossible.

However we can not predict the short term behavior of bitcoin. There can still be big volatility in the following days and price could come back to below $20k with some sort of panic sell, I don't expect anything below $19k though. One thing is certain that $20k is going to become the strong support. We have to see how the momentum continues.

[Little Mouse]

With a TA, some people may come with the lowest support range which may or may not be true but who can tell exactly what's going to happen? Market is all about sentiment. You started to think BTC will hit $25k and it’s not only you. I too think it will hit $25k before it fall down. If majority people's sentiment is such kind of, BTC will hit $25k eventually. Like this, the lowest support will be the same where majority will think it will not go lower anymore.
However, there’s no limit. We all know so you should be prepare for that all the time although there was a message in a block that "that was the last chance to buy below $10k".
I found an interesting tweet- https://twitter.com/BTCcapitulation/status/1339397584406769664?s=19
There’s no dip, or every purchasing decision worths it regardless of where you are purchasing.

[cryptoaddictchie]

No, it is not possible for bitcoin to fall to "lower prices" ever again. Certain levels are gone for good. For instance we can be confident that any of the low prices such $3k, $5k, etc. or even $10k that we had this year are never going to be repeated.

The support is forming already and lots of institutions are pretty bullish with it. But like what OP asked, he is asking for possible fall down again, well we can't say it's not possible in my opinion cause there is a probability of retracement in every bull season. Maybe we could stay for this ground for a long time but we all knew that in every market there is always a retracement. The bull happened overnight and some professional traders and bag holders have the sell pressure with this kind of level. Anyway just my 2 cents.

[YOSHIE]

We have to see how the momentum continues.

Logically it makes sense, do not know what will happen in the future, hopefully it will be good.

Actually it doesn't really matter to me Bitcoin goes up today and the next, as we focus on investing and trading that is sure to buy & sell.
As I said, many people do not realize that at the time Bitcoin already has the highest value, never considering the price otherwise, "down" not a few people trapped in 2018 at that time expecting Bitcoin to go even higher.
What I mean: Buy price of $ 19k immediately drops to $ 15k level in two or three days.

Of course we don't want all of us to be trapped in the same experience, we need to consider and believe that Bitcoin is currently staying at the $ 20k level and will continue, am I talking logic.

[pooya87]

The bull happened overnight and some professional traders and bag holders have the sell pressure with this kind of level.

That's where you are wrong, the "bull" didn't happen overnight, breaking $20k did. There has been a nice and steady upward movement for the past 3 months starting from October 7. And now price is simply 10% higher than $20k. A percentage rise that is very common and small in bitcoin bull runs too.

I don't disagree with the possibility of a correction but also keep in mind that we have already had 2 major corrections during the past 3 months and many more small ones so it can't be a huge drop. A $2000 (10%) rise can not be followed by a $2000 drop because bitcoin is not a "pump and dump" and that would not be a "correction" anymore.

What I mean: Buy price of $ 19k immediately drops to $ 15k level in two or three days.

Such a big drop (21%) in your example can not happen out of nowhere and without any reason and it won't be a "correction".
Although it also depends on other factors. For instance the market trend, a bear market such a drop is so much easier than in a bull market.
Another factor would be how the said price was reached. In your example if $19k were reached over a long period of time with a solid buy support then the follow up drop is going to be so much harder than if it were reached in a short period of time due to hyped up panic buying.
And another factor is the buy supports. For example $6k has been a very strong buy support and millions of dollars dumped into it and lots of manipulation could never break it. It took the world economy turn into shit due to a world wide pandemic to break it! Even that couldn't last more than 6 days before price jumped back up above it!!!

[LittleBitFunny]

There is no way to dump like in 2017 cause In this year RSI looks strong, This is just the beginning, we will cross 30,000 before the end of December. Next year Bitcoin will be the most valuable digital currency in the world. When the world economy is in recession, Bitcoin says I don't care anything!

[YOSHIE]

"correction".

I will lock in today's price December 17 2020.


https://coinmarketcap.com/currencies/bitcoin/

The development of "correction" if true and false in the next three days to be precise on December 20, 2020.
I want to see Bitcoin in the next three days.

I will forget about the current predictions, talk about the current market developments in terms of changes in the Bitcoin price and also its factors.
What percentage went up & down for three days.

Note: this is just an exchange of opinions about the current Bitcoin price based on the experience that has happened.

[Crptomagma]

I honestly don’t know what to believe anymore but from my own point of view looking at the market analysis of bitcoin overtime from the beginning I think bitcoin cannot go below certain price.
It’s also important to know that bitcoin is volatile and to an extent the price can’t be fully predicted as lots of factors can affect the price of bitcoin.

[Cnut237]

now price is simply 10% higher than $20k. A percentage rise that is very common and small in bitcoin bull runs too.

Exactly. It's important to consider price points as a geometric progression rather than arithmetic. For example, $20k to $25k is a 25% rise. Although it means a price increase of $5k, this sort of rise would be much more similar to $10k -> $12.5k (+25%, or +$2.5k) than it would to $5k -> $10k (+$5k, or +100%).
If we want to look upwards from that broken $20k barrier up towards $25k, then we shouldn't be looking back at $20k - $5k = $15k as a mirror image, because it's not. Appreciate this is a simplification and there are all sorts of other factors to consider, but often for bitcoin % changes are more relevant than $ changes.

The development of "correction" if true and false in the next three days to be precise on December 20, 2020.
I want to see Bitcoin in the next three days.

Some form of correction is inevitable at some point, you see it every time. But I'm not sure we'll see it in the next 3 days.

[jamesde]

All over the world, this year whole year has been under pandemic attack, and because of this, many countries have broken with their GDP and economics collapsing. Bitcoin is also impacted by pandemic and is down to, but however bitcoin bounced back to a previous high of $20,000. All this shows people's global interest in cryptocurrencies. Because of higher demands, all things lead to value growth for bitcoins. At the same time, bitcoin is becoming more and more popular globally and also becoming a more precious commodity asset. Everyone who saw this bitcoin price valuation will know how they will but and take advantage of the excellent moment to hold bitcoin as their investment in the future. I believe the price will rise in the next few months and will provide everyone who invest in bitcoin with a very big profit.

[ethereumhunter]

The increase is not to stop now as the price can increase more in the next day. It is a good time for bitcoin to rise, but it also makes us careful because bitcoin can be fall later. But I won't say that the price will go down below $20k, but that could happen later, especially if the flash dump comes to the market. If the flash dump happens, the bitcoin price can go down to any lowest price, but that will go back to the current price before, and it could rise higher.

[Upgrade00]

I will lock in today's price December 17 2020.

We already touched around $23.5k, so if you were looking to lock in today's peak, you'll need to edit it or use a timestamp.

but often for bitcoin % changes are more relevant than $ changes.

Agree.
*a bit off topic* But, I may even add that pricing against fiat currencies altogether might give a distorted view of chart movements, making it harder to aggregate profit or loss as you also have to account for value changes in the other asset.
Looking at ETH for example, comparing its value in fiat shows profits, but it's down when compared with bitcoin, also in the stock market, some stocks are up over the past decade when valued in fiat but not so much when charted against gold.

[Rruchi man]

We really expected BTC to topple the 20k barrier soon, but i didn't see it coming or happening so soon. The market has an upward/downward movement in price value, however it is safe to say that the value of  BTC will not return to some certain price levels again.

[lovesmayfamilis]

Today, each news channel predicts a different bitcoin price, which may be reached in the near future. Yesterday Guggenheim Investments generally predicted a price of $400 thousand.
https://www.bloomberg.com/news/articles/2020-12-16/guggenheim-s-scott-minerd-says-bitcoin-should-be-worth-400-000

But still, we understand that information noise always works like this, whether there will be an increase to $30000  or $50000, only time will tell. I understand that each of us needs extra confirmation of our thoughts, as well as support in the correctness of our actions. But, I also remember all the promising predictions for 2017. Therefore, yes, in such a market the main thing is not to lose your head, you must always hope for the best, but also be ready for a correction.

[fauzan123]

There is no way to dump like in 2017 cause In this year RSI looks strong, This is just the beginning, we will cross 30,000 before the end of December. Next year Bitcoin will be the most valuable digital currency in the world. When the world economy is in recession, Bitcoin says I don't care anything!

Of course things are different this year with 2017, why is that? the pandemic factor could be one of the causes which resulted in the majority of people being more likely to be at home so they had time to learn bitcoin, plus most countries are likely to experience a recession resulting in a number of countries having to turn to secure their finances, so that the impact can be one of the affected is bitcoin.

I think this year is the beginning of the peak of bitcoin in the future and it is not impossible that 30k will be obtained soon.

[davis196]

No, it is not possible for bitcoin to fall to "lower prices" ever again. Certain levels are gone for good. For instance we can be confident that any of the low prices such $3k, $5k, etc. or even $10k that we had this year are never going to be repeated.

The support is forming already and lots of institutions are pretty bullish with it. But like what OP asked, he is asking for possible fall down again, well we can't say it's not possible in my opinion cause there is a probability of retracement in every bull season. Maybe we could stay for this ground for a long time but we all knew that in every market there is always a retracement. The bull happened overnight and some professional traders and bag holders have the sell pressure with this kind of level. Anyway just my 2 cents.

Those institutions might be bullish now,but they might change their views if the governments change their regulations in regards to cryptocurrencies.
Nowadays,all the governments are too focused with fighting the pandemic and the recession,so they aren't paying attention to what's happening on the cryptocurrency markets.When the pandemic and recession are over,the governments might start a big FUD campaign against Bitcoin/crypto.
There's always a possibility for the Bitcoin price to go back down to 3-5K USD.

[hannahB4]

I have been watching the market closely in respect to bitcoin, yesterday I was shown chat flow by a friend that bitcoin has surpass  $20k and it was really nice seeing this kind of pump, next year I believe that bitcoin will rise but the stability is what I can't tell because of the volatility nature the market possesses.

[deadthings]

This is based on personal opinion but I think it would stay above $20k until next year a lot of companies including Paypal is going to use Bitcoin I think the demand will increase further more and so the price will continue to rise more too.

[cryptomaniac_xxx]

My question....!
1. Could it be that after this Bitcoin fell even lower, as was the case in 2017 and 2018 ago.
Rose to the highest price at the end of 2017 and fell back to the low of 2018.

We are not yet in the top, so I doubt that we will experience the burst that was 2017. The real bull run is 2021 so we have a lot of leg room to work and see the price goes to $30k or even more.

2. Or is it possible that Bitcoin will stay at the lowest $20k level and will continue to $.....![/b]

Again as I have said, we're not yet in the bubble, this is just the beginning.

What do you think after this incident bitcoin passed through ATH.....! Go up to the next or vice versa.
Speaking is not based on predictions, only seeing from existing experiences.

Exciting times ahead, 2021 will be huge for bitcoin and the rest of crypto market.