Bitcoin climbs the price level to 27k, what do we expect next?

[Crislyn4116]

The most interesting Christmas eve happened this year 2020. Last 2017 bullrun price rise starting November which peaks 20,000 usd. Right now (as of writing) bitcoin priced 26,000 and this would increased further. However, we need to consider that this would correct very quite soon. And perhaps, it can drop further based only on my opinion

(P.S. moderator this is not a speculation). 

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[jackg]

It sorta is speculation but we're going up quite healthily, it is still a weekend though - there might be less volume.

A lot of the unexpected moves in crypto happen around the sunday/Monday night gmt imo so we might expect a strange move in either direction by the morning.

[DeathAngel]

Short term predictions are difficult to make but we will see new ATH after new ATH after new ATH in 2021. Big money is piling in & the supply of coins is drying up on exchanges. We are going to see $100,000 & above next year, it’s going to be glorious.

[Leviathan.007]

Bitcoin predictions is hard itself and we will see unexpected price reactions on the market, now we are on the holidays plus a new US president is  chosen. All these fundamental news will make the predictions and TA very hard specially in short-term. We are now on a new ATH and if you are holding bitcoins for long term investment I suggest you to hodl or you will regret after a few years. If everything goes well like it's going we can see bitcoin trading on 50K in first months of 2021. But, again, since we are talking about crypto market, any unexpected move is possible. 

[dunfida]

The most interesting Christmas eve happened this year 2020. Last 2017 bullrun price rise starting November which peaks 20,000 usd. Right now (as of writing) bitcoin priced 26,000 and this would increased further. However, we need to consider that this would correct very quite soon. And perhaps, it can drop further based only on my opinion

(P.S. moderator this is not a speculation). 

Just as usual and if you do try to look the market then it would always have that correction.Good thing  that it doesnt crash that hard when the price do make out some decrease
which is pretty normal on this kind of market.Lets just hope that we wont really be seeing those 4 digit price again just like on what happened few years back.
On the question on what would happen or expect on next? It can only be either on two sides which is to reach new heights again or would definitely have some serious
or deep correction.No matter what it is then you should anticipate nor expect for these things to happen.Also, out of these movements then better to utilize
it for you own benefit.

[Rachyme]

I recollect recently when bitcoin was simply around $3,700 and I convey a mail like this platitude bitcoin will hit $20,000 before the year's end, I got a ton of reaction from individuals saying it can never occur.

Truth be told, one person sent me a mail offending every one of my precursors and even considered me a SCAM. On the off chance that you take a gander at the cost of bitcoin today, you will see that it has hit $20k as well as broken out from that value range right to $28,000.Again, much the same as I said recently Bitcoin will hit $50,000 before the finish of 2021.

[BADecker]

Last midnight AZ time, Bitcoin hit above $28,250 for a few minutes. Now it is hovering around $26,000, and has hit as low as $26,800 within the last hour.

It's about 2:30 PM AZ time right now.

[Ryker1]

Well, holders now are hoping that there will be always a new ATH come even though we already surpassed the old ATH in the year 2017.
But then, it is always hard to give speculation about where we going through. The fact, others are now afraid and watching the market for possible correction. What do we expect next? That is a hard question that no one knows, but there is only one scenario that we expect, a massive bull run or there is a short correction. So far, the market was so healthy as this moment, just let it be.

[Lorokan]

Bitcoin looks very closer to get to 30000 before the end of 2020 and i think it is achievable with the recent consistencies experienced in the market as well as the increased market cap. Do your research if you intend on joining the green candle

[Wulan_maniez]

Once bitcoin can break through $25K, many people are optimistic let alone experts predict maybe the new year bitcoin will reach $30K
and continue to rise, but there will definitely be  times when  bitcoin will have  to correction, but I  don't know  if there  will be a big or
small correction. All is possible, but with this rapid rise, it is possible that bitcoin will rise again unexpectedly.

[Gozie51]

Investors are expecting a price of $60,000 in 2021.

From the price this month, it has shown more green move for further accumulation of gains to the bitcoin fold. December didn't show any sign of new ATH and now price is around $26,500 which is tremendous achievement already.

[pixie85]

Since we went past 25 thousand so fast it looks like we could explode from here.

If we compare it to the previous bull market 20 thousand was the same starting point of a bull run as 3000 in 2017 so this could be the beginning of the biggest and longest bull market in the history of bitcoin. It's not going to be fast and sharp like 2017 but more probably take a few months to unfold.

I wouldn't be scared of possible corrections here and expect it to keep reaching new ATH points and correcting a number of times before finally reversing for good.

[Untomabur]

next what we expect is $ 30k and above, because currently the price is retesting to resistance $28200,
if it manages to breakout then $ 30k will be reached in the next few days, it is currently still a moment for Bitcoin,
so the risk of dumping is very small, just enjoy. this bullish moment

[Question123]

Bitcoin price now is really good, others will think that it will drop the value but most of the other people believe that bitcoin will rise this coin. There is a lot of expected to this right now and I think it will going to continue if this criteria will be happen like buying more bitcoin, hold, promote and having a lot of partners that will choose bitcoin like having bitcoin payment to their business.

[Branko]

The most interesting Christmas eve happened this year 2020. Last 2017 bullrun price rise starting November which peaks 20,000 usd. Right now (as of writing) bitcoin priced 26,000 and this would increased further. However, we need to consider that this would correct very quite soon. And perhaps, it can drop further based only on my opinion

(P.S. moderator this is not a speculation). 

I'm new to this sub-section, but we're not allowed to speculate in speculation subforum? 

[sunsilk]

Just today, it's peak was $28,500. The next expectation would likely to see it correct just as you say OP. And it's been happening but not going down that much as low as $21k which was the lowest that we've seen after it has reached the new ATH.

Some are still not yet convinced that this is all about bitcoin's natural growth. Because they're doubtful that it's still the same bubble that we get.  If there will be corrections after it has hit $27k-$28k. That would be fine if it's still supporting $20k.

[LogitechMouse]

The most interesting Christmas eve happened this year 2020. Last 2017 bullrun price rise starting November which peaks 20,000 usd. Right now (as of writing) bitcoin priced 26,000 and this would increased further. However, we need to consider that this would correct very quite soon. And perhaps, it can drop further based only on my opinion

(P.S. moderator this is not a speculation). 

Almost the same as the 2017 parabolic rise but now with a higher price.

All of the market needed to have a correction after a huge rise so a correction with Bitcoin is likely possible but it might happen into the first quarter of 2021 and possible in the second quarter too.
$22,000 is the possible support as of now base on the charts and using Fibonacci and going down.

[Branko]

100k+ soon if Bitfinex continues to print tether at current rate, 3k if SEC goes after Bitfinex

[Fundamentals Of]

Your opinion is a speculation. So you are speculating.

Anyway, the price of Bitcoin is moving differently in 2017. In 2017, the price of Bitcoin peaked somewhere in the middle of December. After that, the price was already falling down. December of 2020 is very much different as the price is still rising until the last couple of days. This is not just a short spike in the price unlike in 2017. This is clearly a rising pattern. This is clearly a solid rally that will spill over to 2021.

[BrewMaster]

However, we need to consider that this would correct very quite soon. And perhaps, it can drop further based only on my opinion

it depends on what you have in mind when you say "drop further". it is perfectly possible to see price reach $30k and then drop to $24k which is a 20% drop.
but if you have a drop down to $19k or basically anything lower than $21k then no it is not possible and it is not a correction anymore.

(P.S. moderator this is not a speculation). 

it is speculation when you are talking about the possible direction price can go in!