will we witness year end bullrun or bull trap?

[perfect999]

It's been a while since we have seen any huge price manipulation and bitcoin is fluctuating between 5-10% from few days/weeks and what do you think would be the outcomes? will it be marching towards new milestone of $80K or $100k which has been trending in most of the crypto influencer's channels? I think we have seen this before and bitcoin will surge and probably touch $100k and then whales will start dumping like they did in 2018 in order to buyback at lesser value.

The funny thing is that when you ask this question people are always going to tell you that you should continue buying Bitcoin no matter the situation of the market. Yes, what I am saying is true, and if you look at the comments you are already going to see people who are telling you to buy no matter what. People always say this like you shouldn’t have a consideration of what the market looks like before buying crypto currency, if it was like that then we would all be buying without even doing any proper research.

Well, I wouldn’t tell you not to buy, but some of the analysis that I’ve seen as of recent are predicting more decrease for Bitcoin. But like I said I can’t really tell whether this is accurate or not.So this is a decision that you make for yourself, if you are ready to buy now and you have enough funds to do that, then you can go ahead and do it.

[Oceat]

I still strongly believe that the end of this year we will see the price of bitcoin and other crypto pump at a high price. I really believe the current conditions are very different from 2018.
Maybe a lot of people make this year's equation with the end of 2018, however, the reality today is very different. even, when the price dumped, I still strongly believe that the bitcoin price will still be above $40k.
well, maybe the current bitcoin price will not reach the price of $100k this year, but I think, the price of bitcoin reaching $70k still has a pretty big chance. for now, we just need to wait for the bull market.

I conclude that this year's equation is different from the 2018 that we all know and with the price playing up and down in just a week is a proof that Bitcoin will still continue to move upward so we are still bullish this year. $100k is just around the corner and next month will be the biggest year if ever Bitcoin would break $100k but I don't want to get my hopes that high so maybe a $70k is enough.

But it depends though whether there is a hype or a positive news that would give a huge impact to the Bitcoin community then we'll surely see bullish trend idk maybe this year or next year but I'm sure that would happen soon.

[Chato1977]

Bitcoin recovered back again and closing to reach 60k once more.

There might be bad news in the weeks passed yet recovery always takes place so Yes looks like there are a brighter season coming this December.

Though i don't wanna expect too much yet maybe at least taking down that 70k Barricade before the year ends.

[lienfaye]

I believe bullrun is not yet over and its possible that Bitcoin might reach another ATH again before this year end.

Although most coins are declining this past few days but currently Bitcoin and some alts recovered back again. Its still uncertain if this recovery will going to be consistent but somehow its good to know the price didnt turned down further.

Thus im optimistic the market wont be bloody this December.

[Kasabus]

I believe bullrun is not yet over and its possible that Bitcoin might reach another ATH again before this year end.

Although most coins are declining this past few days but currently Bitcoin and some alts recovered back again. Its still uncertain if this recovery will going to be consistent but somehow its good to know the price didnt turned down further.

Thus im optimistic the market wont be bloody this December.

I’m also hopeful that we won’t be seeing bear trap this December because bitcoin and most of the major altcoins are still in bullish despite of the recent price correction. In fact, the correction will leave a strong support level for bitcoin to reach a much higher new ATH as well as with solid altcoins before this year ends. If the market won’t permit this year, I know it will always be possible by next year. So it’s a good thing to remain optimistic this time despite of the market’s unpredictable market.

[Sanitough]

I believe bullrun is not yet over and its possible that Bitcoin might reach another ATH again before this year end.

Although most coins are declining this past few days but currently Bitcoin and some alts recovered back again. Its still uncertain if this recovery will going to be consistent but somehow its good to know the price didnt turned down further.

Thus im optimistic the market wont be bloody this December.

I’m also hopeful that we won’t be seeing bear trap this December because bitcoin and most of the major altcoins are still in bullish despite of the recent price correction. In fact, the correction will leave a strong support level for bitcoin to reach a much higher new ATH as well as with solid altcoins before this year ends. If the market won’t permit this year, I know it will always be possible by next year. So it’s a good thing to remain optimistic this time despite of the market’s unpredictable market.

Let's see if we are going to see a new ATH again, lately, when bitcoin hits an ATH, it does not breakout to achieve a higher price, instead, it will just stay within the range and later will correct to a lower price. It's still very unpredictable, but we always hope that we will have a great year end and the only thing it will happen is if the market will be bullish.

[Baofeng]

Maybe this dropping of crypto price is just a short correction or a short effect of the bad news that btc has incountered this is not the only time that the price of crypto fall and I know that everyone know about the high volatility of the crypto price so there is no surprise about it only newbie can now be wory of this falling of btc price.

Well there is this China FUD lately, but old and recycle news, and then we have the India ban that might put a damp on the market. Or just investors cashing out and moving out from the bitcoin market to go to other investment vehicle.

And the thing is that this is not the first time we've seen this correction. And it's that we have a big expectations this November, and maybe thinking it will be like October wherein we experience a x2 growth. But November thinks otherwise, but we are just a couple of days from December so lets remain positive that it will be a good month and possible to reach $70k++ before the end of 2021.

[milewilda]

Maybe this dropping of crypto price is just a short correction or a short effect of the bad news that btc has incountered this is not the only time that the price of crypto fall and I know that everyone know about the high volatility of the crypto price so there is no surprise about it only newbie can now be wory of this falling of btc price.

Its always as it should be because this market wont be called something like this if it were really that predictable and also we wont really calling this to be one if we wont really be seeing these declines and we cant really just see that moving up is always a real thing.For now its neither a bull run or a bull trap.
Its really hard to tell even how good your analysis would be because TA's cant really be precise anytime but somehow having these could really make out
some advantage compared to those who arent using this.

[Natalim]

Maybe this dropping of crypto price is just a short correction or a short effect of the bad news that btc has incountered this is not the only time that the price of crypto fall and I know that everyone know about the high volatility of the crypto price so there is no surprise about it only newbie can now be wory of this falling of btc price.

Its always as it should be because this market wont be called something like this if it were really that predictable and also we wont really calling this to be one if we wont really be seeing these declines and we cant really just see that moving up is always a real thing.For now its neither a bull run or a bull trap.
Its really hard to tell even how good your analysis would be because TA's cant really be precise anytime but somehow having these could really make out
some advantage compared to those who arent using this.

TA is only part of the tools needed to predict the outcome correctly, but we can never be correct all the time. The nature of crypto is being volatile, hence, it will make it unpredictable which most likely majority of the traders and investors would make a wrong judgment, so being smart would help us succeed over them. As for me, the bull run is still here, but it could be a bull trap too.

[OgNasty]

History says bull trap.  Investors say multiyear bull run.  I think history will likely repeat itself, and maybe has already started ahead of time.  There's no doubt that Bitcoin and to a larger extent crypto is taking off and becoming a mainstream investment.  I have friends I've been trying to get into Bitcoin for over a decade that still have never owned a satoshi, but are now releasing their own NFT collections.  It's pretty crazy, but I'm not sure that any price model has other chains stealing Bitcoin's userbase priced into their models.  As much as I am a 4-year cycle guy, I'm beginning to have my doubts as to whether we'll see the famed $200K next month...  I'm not one to ever count Bitcoin out, but I will admit that my faith is beginning to be questioned. 

[Yamifoud]

History says bull trap.  Investors say multiyear bull run.  I think history will likely repeat itself, and maybe has already started ahead of time.  There's no doubt that Bitcoin and to a larger extent crypto is taking off and becoming a mainstream investment.  I have friends I've been trying to get into Bitcoin for over a decade that still have never owned a satoshi, but are now releasing their own NFT collections.  It's pretty crazy, but I'm not sure that any price model has other chains stealing Bitcoin's userbase priced into their models.  As much as I am a 4-year cycle guy, I'm beginning to have my doubts as to whether we'll see the famed $200K next month...  I'm not one to ever count Bitcoin out, but I will admit that my faith is beginning to be questioned. 

We would have to see a correction again, bitcoin has reached multiple ATH this year and has already made the market more profitable. You are right, history will repeat itself so we have to be ready for a possible bear market as that means heavy dumps will be witnessed, and as usual, weak hands will panic and sell at a loss.

[kawetsriyanto]

I believe bullrun is not yet over and its possible that Bitcoin might reach another ATH again before this year end.

What makes you very optimistic that bullrun isn't over yet? Bitcoin already reached its new ATH and it is very possible that the bearish season has just begun. I am also trying to think positively about the current correction, but some experienced BTC holders stated the possibility of a bearish season to begin now. Not sure if those people are trying to make people sell their BTC at a cheap price, or they speak honestly. There are too many rumors and predictions, so I am a bit difficult to understand the current situation in Bitcoin and crypto market.

[Silberman]

I still strongly believe that the end of this year we will see the price of bitcoin and other crypto pump at a high price. I really believe the current conditions are very different from 2018.
Maybe a lot of people make this year's equation with the end of 2018, however, the reality today is very different. even, when the price dumped, I still strongly believe that the bitcoin price will still be above $40k.
well, maybe the current bitcoin price will not reach the price of $100k this year, but I think, the price of bitcoin reaching $70k still has a pretty big chance. for now, we just need to wait for the bull market.

That is a strong possibility but we must remember that just as things are better than what we saw back then there are also some factors that may negatively affect bitcoin and stop it from reaching a higher price before the end of this year, and one of them is the pandemic, just yesterday there was a drop in the markets due to the appearance of another strain that seems to be even more dangerous than the current one, so this could slow down bitcoin for some time, meaning we could not see the growth we want until the next year.

[ultrloa]

I still strongly believe that the end of this year we will see the price of bitcoin and other crypto pump at a high price. I really believe the current conditions are very different from 2018.
Maybe a lot of people make this year's equation with the end of 2018, however, the reality today is very different. even, when the price dumped, I still strongly believe that the bitcoin price will still be above $40k.
well, maybe the current bitcoin price will not reach the price of $100k this year, but I think, the price of bitcoin reaching $70k still has a pretty big chance. for now, we just need to wait for the bull market.

That is a strong possibility but we must remember that just as things are better than what we saw back then there are also some factors that may negatively affect bitcoin and stop it from reaching a higher price before the end of this year, and one of them is the pandemic, just yesterday there was a drop in the markets due to the appearance of another strain that seems to be even more dangerous than the current one, so this could slow down bitcoin for some time, meaning we could not see the growth we want until the next year.

I don't know what is the relation with the new strain with the current drop of the price, maybe people are just exaggerated and blame that because they think many people got panic about it. But in reality the price of bitcoin is dumping already before that so maybe we can say the main reason of it is the unstable decision of the holder and other investors. Since I think majority now is selling and only few is holding or do buy backs.

[Jating]

History says bull trap.  Investors say multiyear bull run.  I think history will likely repeat itself, and maybe has already started ahead of time.  There's no doubt that Bitcoin and to a larger extent crypto is taking off and becoming a mainstream investment.  I have friends I've been trying to get into Bitcoin for over a decade that still have never owned a satoshi, but are now releasing their own NFT collections.  It's pretty crazy, but I'm not sure that any price model has other chains stealing Bitcoin's userbase priced into their models.  As much as I am a 4-year cycle guy, I'm beginning to have my doubts as to whether we'll see the famed $200K next month...  I'm not one to ever count Bitcoin out, but I will admit that my faith is beginning to be questioned. 

Who wouldn't question the price movement and the prediction at the end of this year? I mean everyone is talking about a 6 digit figure price for bitcoin this December and yet the price is still in the $50k'ish.

And to be able to move to the target $100k, we need to double it up which I doubt can happen in just 1 month alone. Otherwise if will be a bubble next year just like 2017 and waiting to be burst.

[jostorres]

Who wouldn't question the price movement and the prediction at the end of this year? I mean everyone is talking about a 6 digit figure price for bitcoin this December and yet the price is still in the $50k'ish.

And to be able to move to the target $100k, we need to double it up which I doubt can happen in just 1 month alone. Otherwise if will be a bubble next year just like 2017 and waiting to be burst.

I would say 6 figures is the "next stop", it is not really stuck in just some timing period, could be 100k by the end of this year? We do not know, maybe it can be or maybe it won't be, but the "goal" that we have right now is not 70k, it is not 80k, its 100k. And that is why I believe that next time we have a huge bullish movement (and not just like some increase to new ATH again) that will be 100k at least or at least close to it. This is what I believe will happen in crypto, maybe it will be easy or maybe it won't be but I know that it will be aiming at that for sure. Let's hope that we break over it, that would be lovely to see.

[Raflesia]

-snip-

I would say 6 figures is the "next stop", it is not really stuck in just some timing period, could be 100k by the end of this year? We do not know, maybe it can be or maybe it won't be, but the "goal" that we have right now is not 70k, it is not 80k, its 100k. And that is why I believe that next time we have a huge bullish movement (and not just like some increase to new ATH again) that will be 100k at least or at least close to it. This is what I believe will happen in crypto, maybe it will be easy or maybe it won't be but I know that it will be aiming at that for sure. Let's hope that we break over it, that would be lovely to see.

We are unlikely to see the price move in one month towards 100k because it requires a big bullish which can multiply the gains very significantly but is the market able to fight the current?
Of course there will be a lot of targets happening in December, experts say 70-100k is the ideal price for bitcoin at that time, so I can't deny that this is a bit of a miss and bitcoin could be under 50k.
At the beginning of the year we can see where bitcoin is, if it is still in the range above 50k, a big bullish possibility will come with the next target of 100k.

[Slow death]

History says bull trap.  Investors say multiyear bull run.  I think history will likely repeat itself, and maybe has already started ahead of time.  There's no doubt that Bitcoin and to a larger extent crypto is taking off and becoming a mainstream investment.  I have friends I've been trying to get into Bitcoin for over a decade that still have never owned a satoshi, but are now releasing their own NFT collections.  It's pretty crazy, but I'm not sure that any price model has other chains stealing Bitcoin's userbase priced into their models.  As much as I am a 4-year cycle guy, I'm beginning to have my doubts as to whether we'll see the famed $200K next month...  I'm not one to ever count Bitcoin out, but I will admit that my faith is beginning to be questioned. 

Who wouldn't question the price movement and the prediction at the end of this year? I mean everyone is talking about a 6 digit figure price for bitcoin this December and yet the price is still in the $50k'ish.

And to be able to move to the target $100k, we need to double it up which I doubt can happen in just 1 month alone. Otherwise if will be a bubble next year just like 2017 and waiting to be burst.

most people are always optimistic when it comes to bitcoin or these people manage to stay calm and optimistic even when they see the price drop a lot they don't sell, they keep thinking that afterward the price will increase a lot, there are times when really after a big falling, the price starts to rise a lot, but that doesn't mean that it will always be like that. for example this month, the price is falling so it doesn't make much sense to talk about $100,000 for this month

[STT]

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up.   If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path.   A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

[btc78]

-snip-

I would say 6 figures is the "next stop", it is not really stuck in just some timing period, could be 100k by the end of this year? We do not know, maybe it can be or maybe it won't be, but the "goal" that we have right now is not 70k, it is not 80k, its 100k. And that is why I believe that next time we have a huge bullish movement (and not just like some increase to new ATH again) that will be 100k at least or at least close to it. This is what I believe will happen in crypto, maybe it will be easy or maybe it won't be but I know that it will be aiming at that for sure. Let's hope that we break over it, that would be lovely to see.

We are unlikely to see the price move in one month towards 100k because it requires a big bullish which can multiply the gains very significantly but is the market able to fight the current?
Of course there will be a lot of targets happening in December, experts say 70-100k is the ideal price for bitcoin at that time, so I can't deny that this is a bit of a miss and bitcoin could be under 50k.
At the beginning of the year we can see where bitcoin is, if it is still in the range above 50k, a big bullish possibility will come with the next target of 100k.

Yes that is almost double of the price now in which over pricing for me , there are even several Predictions that says Bitcoin price is really overprice in market status now.
lets accept the fact that we had gone long this year and that is more than enough to be thankful.
so Yes either 60k or 70k is the ATH? that is for me more better than the past years.