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[Pokapoka124]

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[OgNasty]

Here's the chart you're looking for.

[Pokapoka124]

Here's the chart you're looking for.

Thanks, still I'd love to hear your opinion on this.  You're very experienced. Do you think there will be a correction in January?

[FaucetKING]

Here's the chart you're looking for.

Haha Og, you seem to be excited for the 1 million dollars price, it won't be that close i think we'll let that for the next 5 or 10 years for the big growth expectations. I might say that we can expect Bitcoin to be above 25k in the end of 2021, i might be excited enough to say that it would even hit 35k but let's not rush. Nice & lovely graph you got there, lmao.

[Oshosondy]

Thanks, still I'd love to hear your opinion on this.  You're very experienced. Do you think there will be a correction in January?

I do not think January can be a correctional period, even if there is a little correction, very possible the bullrun will later takeover and surpass. But as for now it is not clear what is going to happen. If the institutions continue to invest, institutions like grayscale and microstrategy, also if new institutions are joining, all these can lead to the price of bitcoin to be increasing. We do not know if the institutions that drove the price above $20000 will be investing for long term. What is happening now are another thing that can not let us predict what the price of bitcoin will be anytime soon but let us know that it is more likely possible that bitcoin price will soar this year.

[Lucius]

Historically, the start of the new year has always been nasty towards Bitcoin, will this year be any different?

Definitely this year may start quite differently, because at the moment there are no indications that any correction will take place - at least the one that some have been waiting for some time. In the past, we had small investors, who were constantly manipulated with a certain number of whales who, with their BTC, could easily target the market in any way they wanted.

Now we have a situation where weak hands have long since sold, some small investors realize that selling BTC at this price is still unfavorable for them - and on the other hand we have a large influx of fresh money that buys fairly large quantities of BTC and locks them in cold storage. While this is the case, I do not see that a correction will take place - of course it is always possible for someone to appear who will dump a large amount of BTC, but with the current demand this would probably not have a long-lasting effect.

[Coin_trader]

The price chart of Bitcoin is pretty solid right. The growth is parabolic which means its organic growth and not hype since the price gradually increase everyday. The only thing that can stop this trend was another pandemic like the break out of the new variant of Covid-19 and other calamity. FUD on Bitcoin will not gonna work anymore since many Big Company are already jumping on Bitcoin boat right now.

Manipulation on price will not gonna work anymore.

[Stalker22]

Here's the chart you're looking for.

https://digitalik.net/btc/

Here is the updated version of that chart.
If we continue this trend, we will see 100k before the end of 2021.

Manipulation on price will not gonna work anymore.

Manipulation on price will always be an option for big players.

[Rengga Jati]

If we continue this trend, we will see 100k before the end of 2021.

I really hope it happens. But it also depends on the news or issues related to Bitcoin throughout 2021. If there will be no BTC ban issue, Hacking case, or other big negative news, then $100K as you said isn't impossible to achieve. So far, I don't hear one of that bad news, and I expect no one tries to spread FUDs later.

[$crypto$]

If we continue this trend, we will see 100k before the end of 2021.

I really hope it happens. But it also depends on the news or issues related to Bitcoin throughout 2021. If there will be no BTC ban issue, Hacking case, or other big negative news, then $100K as you said isn't impossible to achieve. So far, I don't hear one of that bad news, and I expect no one tries to spread FUDs later.

Maybe mid-2021 $50k.

Obstacles are always good and bad bitcoin must be able to get through it with a strong lift, but on the other hand there is negative news, of course, there must be a lot of influence, especially in hacking and also scamers who continue to scatter so that this makes investors more give up and reduces demand in the market at bitcoin.

Hope it can stay above 30k.

[pakhitheboss]

2020 was a very different year for Bitcoin if we compare it with 2017. The only thing that matches is that in both these year Bitcoin reached a new ATH.

I expect 2021 to be different that 2018 in the same manner. Institutional investors are heavily investing in Bitcoin and it is a possibility that they continue this month too. The supply of Bitcoin has been reducing as most of those purchased Bitcoin have been transferred to cold storage.

So if we take in consideration the supply and demand of Bitcoin. The supply has been reducing but the demand is increasing. I think the USD value of Bitcoin to still go up because of this scenario. Hence, I am expecting the Bull run to continue this month too.

[lovesmayfamilis]

Was it possible once to accurately predict what will happen to bitcoin, especially for long periods? Let's take our time. The all-time high is moving to $30,000. I don't think that this is the final goal of Bitcoin. In 2020, we received a lot of institutions that invested their money in bitcoin. They will not stop investing even at a higher price. Perhaps, as always, it existed, there will be a correction. But it won't be very big either. All signs herald 2021, the year of the Bitcoin price increase. But those who have read " The Black Swan" by Nasim Taleb understand that there is always room for this occasion.

[Daniel91]

Isn't it a bit scary to invest now that bitcoin is at least not going down? But looking at the chart it seems too early to say that it is scary, though. But sooner I bet bitcoin will drop. I hope there are no late investors by then.

It's true that the price of bitcoin has been very volatile in the past but it seems to me that this is changing now.
After the big rise in the price of bitcoin in 2017, there was a sharp and big drop in the price, but this time it's different.
It seems to me that the price is stable and continues to rise, which is probably a sign that there are more institutional investors in the market that bring stability.

[Claudio99]

Isn't it a bit scary to invest now that bitcoin is at least not going down? But looking at the chart it seems too early to say that it is scary, though. But sooner I bet bitcoin will drop. I hope there are no late investors by then.

It's true that the price of bitcoin has been very volatile in the past but it seems to me that this is changing now.
After the big rise in the price of bitcoin in 2017, there was a sharp and big drop in the price, but this time it's different.
It seems to me that the price is stable and continues to rise, which is probably a sign that there are more institutional investors in the market that bring stability.

It's not safe to believe that Bitcoin will keep growing in 2021, things can take a new turn, bitcoin is programmed to be a highly volatility project, there will surely be bear market again, I'm just saying we should all be prepared for any outcome, whales are still here and they can take control of the market

[Pokapoka124]

Bitcoin is doing very well at the moment. There's no certainty how the market will turn out this year with intuitional investors coming into the market.

[robelneo]

The price chart of Bitcoin is pretty solid right. The growth is parabolic which means its organic growth and not hype since the price gradually increase everyday. The only thing that can stop this trend was another pandemic like the break out of the new variant of Covid-19 and other calamity. FUD on Bitcoin will not gonna work anymore since many Big Company are already jumping on Bitcoin boat right now.

Manipulation on price will not gonna work anymore.

Stable and solid, if you compare Bitcoin to a warrior, we can consider it battle-tested, there will be a correction along the way, it's always that way and I don't see that not happening even in a month, but the FUD days are finally over, even those so-called authority and experts cannot take down Bitcoin with their FUDS.
I don't want to think of it but only a major catastrophe can stop Bitcoin adoption, the roadmap to adoption is now well placed and everything is just a matter of time.

[pooya87]

Historically, the start of the new year has always been nasty towards Bitcoin,

Actually each year is different, most years bitcoin price is moderately stable during first month of each year, some years it drops and some years it rises!
For example in 2020 price went up from $7160 to $9529 then the year before that in 2019 price remained stable in $3k range or more precisely between $3698 to $3532. The year before that meaning 2018 price dropped (this is literary right after the bubble burst) from from $13880 to $7620 then in 2017 it was rising from $885 to $986 and so on.

[Pokapoka124]

Here's the chart you're looking for.

Looking at bitcoin chart I'm beginning to believe this could be a possibility. What a time to hodl bitcoin