How will Bitcoin trend at this time?

[buwaytress]

Was just telling people yesterday 25k was gonna be the Christmas payday for sure. Didn't exactly hit on my timezone but I believe it was still Christmas in some parts of the world when the milestone was reached.

Under one week to go, BTC only needs 20% to get 30k, at this point... anything is possible. Stay safe and strapped in now!

[buwaytress]

Under one week to go, BTC only needs 20% to get 30k, at this point... anything is possible. Stay safe and strapped in now!

Yes, everything can be possible. It is about a matter of time to see the bitcoin price growing and reach $30k. We need to be patient because bitcoin needs to wait for more than $5,000 to hit $30k. The trend of bitcoin looks better than before, so hopefully, the price will increase soon. But I think right now, and bitcoin is in sideways mode.

Or a matter of time before we plough right back below $20k, and then it all starts in a spiral of doom and gloom for a crypto winter that'll overtake the legend of 2018/19. I mean, I hope it doesn't happen, but I'm more than prepared for all of that to happen. Plus, hey, guys like me still want to stack our sats before 6-figure BTC, no?

[blckhawk]

Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ? We are yet to witness any correction so far and if Bitcoin stays strong this weekend then Bitcoin will easily cross $25000 mark and if we witness any correction then it will be chaos.

What's your opinion on this?

IMO, no one really knows if the correction will be that fatal as we had before but today's is different the market is now much stronger, it's no longer FOMO but rather a massive adoption thereby, I don't think the correction will be that fatal to fear of. Besides, there's no sign of whales dumping their coins in fact they procuring even more making the Bitcoin surge its value breaking the $25k USD right now. It is expected to grow even more next year and since the adoption is still going on making the market stronger so even if there's a correction that will happen I don't think it will be a huge fall, perhaps it will only play roughly around $15k-$20k. But who knows, it is still better to be thoughtful.

[justdimin]

Those real investors are the reason why bitcoin is not dropping the way it used to. When bitcoin became more mainstream around 2017 it was the first time and it wasn't really known all that well, but people got to hear about it a bit more and I would say 2017 was the start of the time when mainstream got to actually make some decisions about bitcoin, some big companies started to accept it, some of them later decided to remove it, but it got that mainstream attention.

However over time the scary hand got away and the steady ones stayed, which means that nowadays we are getting the ones who know the risks full on well and not just experimenting with bitcoin. This is why I think it is vitally important that we support what they do, which means do not be against these companies buying, they are the ones who make this possible on our behalf and make us richer too.

[jrrsparkles]

Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ? We are yet to witness any correction so far and if Bitcoin stays strong this weekend then Bitcoin will easily cross $25000 mark and if we witness any correction then it will be chaos.

What's your opinion on this?

There is no stoppage in the growth of bitcoin since we already completed the Christmas so now it the time for new year celebration mode. The rally is innthe reach of 28K at the moment...

[zanezane]

Some people believe that we have entered a new phase of a growing market that could last into 2021... However, it seems to me that after the parabolic growth of bitcoin, we may soon see a bear market... Many people compare the latest growth to 2016, but it reminds me more of 2017, after which we were in a downtrend for several years!

Downtrend is unlikely for another few months, with a lot of institutional investors pouring in their money for investments, we might see an uptrend for a month or two. The only way that that uptrend will continue is when the real big fishes come in like Amazon and the likes. If anything happens, downtrend or uptrend, just being ready is enough to make sure that there is no shock from the general hodlers.

[ipanks]

Under one week to go, BTC only needs 20% to get 30k, at this point... anything is possible. Stay safe and strapped in now!

Yes, everything can be possible. It is about a matter of time to see the bitcoin price growing and reach $30k. We need to be patient because bitcoin needs to wait for more than $5,000 to hit $30k. The trend of bitcoin looks better than before, so hopefully, the price will increase soon. But I think right now, and bitcoin is in sideways mode.

Or a matter of time before we plough right back below $20k, and then it all starts in a spiral of doom and gloom for a crypto winter that'll overtake the legend of 2018/19. I mean, I hope it doesn't happen, but I'm more than prepared for all of that to happen. Plus, hey, guys like me still want to stack our sats before 6-figure BTC, no?

By the way, the price break $28k, it is a big WOW for us
I also do not hope the price down deeper than the previous year, but we could only hope that is not really happening. Yes, of course, we still want to collect more sats before it's jumping to 6 digits. This moment is a big moment for us and bitcoin, all we dream before finally comes true.

Congratulations people.

[buwaytress]

By the way, the price break $28k, it is a big WOW for us
I also do not hope the price down deeper than the previous year, but we could only hope that is not really happening. Yes, of course, we still want to collect more sats before it's jumping to 6 digits. This moment is a big moment for us and bitcoin, all we dream before finally comes true.

Congratulations people.

Yeah, I actually happened to see that as it happened too. I know, I know, Sunday and I should be relaxing (and I am, actually) but hard to miss those new highs and dream a little no? 28% of the way to six-figure BTC. What a thing to look forward to really. Still, sticking to my guns and saying we should be just as prepared for a rip-roaring crash =D

Deep down I do want this to pan out well, but not for a long time still.

[STT]

December 17th volume, maybe we go on largest trade done in a day for direction rather then purely price alone.    The greater the consensus the better that strength at a price will hold and it develops weight and gravity to it I think.    So perhaps I will look across December for a better read, rising over xmas doesnt involve everyone, thats the problem we have to revise prices and its normal to require this so its not negative for rechecking tbh.

So price right now is back to 2 day average, very short term measure.    More confidence is where we are with weekly moving average as we dont caught up in holiday type pricing, so we'll see how we go between these two useful moving trends or momentum measures.   26k is somewhere price will revolve around it seems.

[Oasisman]

By the way, the price break $28k, it is a big WOW for us
I also do not hope the price down deeper than the previous year, but we could only hope that is not really happening.

Ohh I hate to see that major crash again, I mean everyone hates to see it, BUT It could happen anytime when the Btc is starting to decline, because there are actually a lot of investors who's ready to dump when they see more than 10% loss in Btc's price, and thus massive sell off happens.

Anyway, Bitcoin seems unstoppable on its current run, I hope we would see a $30,000 soon before New Year. Nevertheless, 2021 is still full of bullish predictions, So this rally might continue on the first quarter of 2021.

[newdevices]

Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ? We are yet to witness any correction so far and if Bitcoin stays strong this weekend then Bitcoin will easily cross $25000 mark and if we witness any correction then it will be chaos.

What's your opinion on this?

There is no stoppage in the growth of bitcoin since we already completed the Christmas so now it the time for new year celebration mode. The rally is innthe reach of 28K at the moment...

Bitcoin is experiencing a correction, whether it's a healthy correction or a bubble is coming,
because bitcoin is down $ 2000 for just a few hours, this trend is indeed an uptrend,
but if a bubble comes then high volatility will make the market neutral and bearish might come again.

[error08]

Some people believe that we have entered a new phase of a growing market that could last into 2021... However, it seems to me that after the parabolic growth of bitcoin, we may soon see a bear market... Many people compare the latest growth to 2016, but it reminds me more of 2017, after which we were in a downtrend for several years!

Downtrend is unlikely for another few months, with a lot of institutional investors pouring in their money for investments, we might see an uptrend for a month or two. The only way that that uptrend will continue is when the real big fishes come in like Amazon and the likes. If anything happens, downtrend or uptrend, just being ready is enough to make sure that there is no shock from the general hodlers.

This year is different from what happened in 2017 due to covid-19 that led institutional investors to invest in bitcoin but there is no guarantee there won't be any downtrend in the next few months. In fact, many people have sold bitcoin when it reached the ath but it turns out bitcoin price keeps increasing to hit a higher level, $28,3k as the new ath and normal correction to $26,5k at the moment. The only concern is; when are those institutional investors intending to sell bitcoin?

[Oilacris]

Some people believe that we have entered a new phase of a growing market that could last into 2021... However, it seems to me that after the parabolic growth of bitcoin, we may soon see a bear market... Many people compare the latest growth to 2016, but it reminds me more of 2017, after which we were in a downtrend for several years!

Downtrend is unlikely for another few months, with a lot of institutional investors pouring in their money for investments, we might see an uptrend for a month or two. The only way that that uptrend will continue is when the real big fishes come in like Amazon and the likes. If anything happens, downtrend or uptrend, just being ready is enough to make sure that there is no shock from the general hodlers.

This year is different from what happened in 2017 due to covid-19 that led institutional investors to invest in bitcoin but there is no guarantee there won't be any downtrend in the next few months. In fact, many people have sold bitcoin when it reached the ath but it turns out bitcoin price keeps increasing to hit a higher level, $28,3k as the new ath and normal correction to $26,5k at the moment. The only concern is; when are those institutional investors intending to sell bitcoin?

On where you do get that information about institutional investors do invest in bitcoin due to covid? or just purely some presumption or speculation?

No one can tell on whats happening beyond the curtains but pretty much sure that adoption is on the move and increasing day by day.

Each trend would have corresponding ending because we cant just expect nor see a market that would continue to raise up.

[gabbie2010]

Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ? We are yet to witness any correction so far and if Bitcoin stays strong this weekend then Bitcoin will easily cross $25000 mark and if we witness any correction then it will be chaos.

What's your opinion on this?

There is no stoppage in the growth of bitcoin since we already completed the Christmas so now it the time for new year celebration mode. The rally is innthe reach of 28K at the moment...

Bitcoin is experiencing a correction, whether it's a healthy correction or a bubble is coming,
because bitcoin is down $ 2000 for just a few hours, this trend is indeed an uptrend,
but if a bubble comes then high volatility will make the market neutral and bearish might come again.

I believed the correction will not last long it is normal for Price Action to play in a bullish or bearish run infact with reference to BTC/USD daily timeframe yesterday candle closed was like a pin bar which is more like a reversal pattern, whatever the case there is a support at $24K which was formerly a resistance turned support where the price might reverse perhaps if it reaches that zones unless it reverses back to the bullish sentiment before reaching that zone.

[Smartprofit]

Bitcoin price hit $ 28,000 yesterday! Now the cryptocurrency market is dominated by buyers.

The US Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple, Ripple's CEO and co-founder of the company.

https://www.sec.gov/news/press-release/2020-338

Ripple had a very large capitalization compared to other cryptocurrencies. Brad Garlinghouse has hinted that some influencers may have an interest in the success of Bitcoin and Ethereum at the expense of other cryptocurrencies. Indeed, the drop in Ripple prices coincided with the rise in the price of Bitcoin and Ethereum. Ripple's owners sold this cryptocurrency and bought Bitcoin and Ethereum. Serious game ...

[darewaller]

We are going nonstop this time around and it scares me to death. The reason why I am scared is that before this huge increase, the 22-24k range made sense, we were actually doing fine because we were covering our behind while going up, we went down and did our corrections many many times over to make sure that people sell and go up after that, so we made sure that the price didn't fall too quickly next time around, to prevent that 20k to 3k period in 2017 to 2018 times.

Now though, ever since we broke over 20k, we have started to go crazy again, we do not have proper falls, we need corrections all the time back to back consistently in order to make sure that bitcoin doesn't really fall HUGE next time it has a bear run. Let's hope that we cover our support lines very strongly and do not fall too much if we start to fall, it may start at 28k, it may start at 100k, but eventually we will definitely fall, I just want that fall to be smooth and small.

[Noctis Connor]

we wouldn't know this time around, since bitcoin didn't its price and still the same during christmas but today is quite good also other celebrities are having interest in bitcoin since they are start talking about it and maybe those followers will be curious about what bitcoin is, they will start getting some information in internet since it is wide information, Many people or investors are afraid since we already crossed the line into ATH and they still holding and thinking to sell their coins before this year ends. And hoping those other big companies will show interest in bitcoin too to let people that bitcoin has it potential and it is really a future of human kind.

[ipanks]

By the way, the price break $28k, it is a big WOW for us
I also do not hope the price down deeper than the previous year, but we could only hope that is not really happening. Yes, of course, we still want to collect more sats before it's jumping to 6 digits. This moment is a big moment for us and bitcoin, all we dream before finally comes true.

Congratulations people.

Yeah, I actually happened to see that as it happened too. I know, I know, Sunday and I should be relaxing (and I am, actually) but hard to miss those new highs and dream a little no? 28% of the way to six-figure BTC. What a thing to look forward to really. Still, sticking to my guns and saying we should be just as prepared for a rip-roaring crash =D

Deep down I do want this to pan out well, but not for a long time still.

Hahaha, you are right. No problem to have a dream after taking profit off. I already my ammo to buy bitcoin if the crash suddenly comes, but I also prepare for the next high price
The six-figure btc will come soon. We can wait together, and I am sure that all people here will also do the same. We have a few days later to see the new year, I wonder what will happens to that day.

By the way, the price break $28k, it is a big WOW for us
I also do not hope the price down deeper than the previous year, but we could only hope that is not really happening.

Ohh I hate to see that major crash again, I mean everyone hates to see it, BUT It could happen anytime when the Btc is starting to decline, because there are actually a lot of investors who's ready to dump when they see more than 10% loss in Btc's price, and thus massive sell off happens.

Anyway, Bitcoin seems unstoppable on its current run, I hope we would see a $30,000 soon before New Year. Nevertheless, 2021 is still full of bullish predictions, So this rally might continue on the first quarter of 2021.

We hate it but we can not do anything except enjoy the moment. Meanwhile, that will be our time to buy back more bitcoin at a low price, although if the price is only down to $25k is still a high price for us. But if the price can start to rise again to $28k or more than $30k, that will mean we can make another profit. We can hope that bitcoin will soon reach $30k before the new year, and the chance to see that price is wide open. Hopefully, 2021 will be the best time for the crypto market to rise again.

[Inspiron14]

The current bitcoin trend is very good to hold, so don't try to trade short in futures trading, because of course it will be risky, everything is still bullish, it's just that for investment you have to have the right strategy, bullish can become bearish instantly, so be careful.

[STT]

BTC is above a volume average since December also challenging shorter term measures; subject to consolidation apparently.  Lower highs on daily and slowing momentum with moving averages converging.




I would say watch carefully, if we pull back it will still be to a bullish trend and is likely to rally again.   Buy dips sell rips isnt a bad simple strategy to take up, my general rule is always to take lows as a series more series then the highs which naturally are frothy.