will we witness year end bullrun or bull trap?

[Chato1977]

There are graphs that shows on how there can be a Bull Trapping any time before the year ends.

and even a Famous analyst says that bitcoin is overprice in its status now so basically there are possibilities that we are facing a hard time if we expect another hype before December ends.

[freedomgo]

This is already a year of the bull run because bitcoin reach a new ATH this year, it's just in the past few days that bitcoin price is dropping and it's not a big deal as we've witnessed this kind of correction in the past. This year also, we witness bitcoin's low but was able to recover easily, so a dump now should not be surprising as it could really happen despite in a bullish market.

Yes bitcoin dump happened in 2018 after the ATH but this time may not be the same. Now we have better believers than it was last 4 years. The instructions buying taking longer before they dump that means more coins will still be in the wallet of stronger hands, that will keep price a little steady until the next halving. This time won't be same with last time, dump may be just minor before correction and continuation.

There is already a big improvement in the market nowadays knowing there is already a strong support from those big institutions who are now adopting bitcoin worldwide. So expect that if any dump will happen, the price won't really go down to its very dip, maybe a slight dump will do. And yes, its really happening now. And besides, the market is now even starting to slowly recover from the recent price correction. The price dump we are experiencing now will soon be back to being bullish and maybe this time, the crypto prices will gain more support so they can easily move up and come up with new ATH.

[jostorres]

the market is now even starting to slowly recover from the recent price correction. The price dump we are experiencing now will soon be back to being bullish and maybe this time, the crypto prices will gain more support so they can easily move up and come up with new ATH.

Yeah, the corrections might have been triggered by lack of volume to break $70k levels which must be another strong psychological resistance level. So, it is highly expected to have quick recovery and the exact scenario is happening right now. This recovery may get enough power to pass through $70k levels toward the rally of highly speculated ATH of $100k; yeah it is still possible within this year.

Hence, most probably we will end up this year with a stronger bull run unlike any other previous cycle of bitcoin market. This way there will be no surprises if we happen to see bull run in next year also unlike any of previous cycles of bitcoin market.

[2double0]

While it is December, market is still very bullish and times are different than 2017, so it is not going to be the same this time as institutional bulls are here to absorb all the selling pressure and take btc to a whole new ath except in cases like the MtGox release if takes place next month. 100k is not going to be a big deal if market absorbs the upcoming dump we are aware of, else there will be too much panic.

[Ngemmeng]

the problem is that we do not know when the real peak will occur because it often occurs after a peak there is a much higher peak. this is a risk that must be accepted by bitcoin investors because bitcoin prices are very volatile. even if we buy when the price is down we don't know when the price will hit the lowest price point. I mean buying when the price is high or the price is below has the same risk because investing in bitcoin does have a very high risk.

[Slow death]

The current scenario is completely different from the scenario of the past, in 2018 the ICO scammers were full in this market and people bought a lot of bitcoin and ETH to be able to invest in the ICOs and when they realized about the scam cases they started to leave the market and this did With the price falling a lot, today we have a demand coming from institutional investors, from billionaires and governments like El Salvador, so we have a scenario where the price will not fall as much as in the past

[Quidat]

While it is December, market is still very bullish and times are different than 2017, so it is not going to be the same this time as institutional bulls are here to absorb all the selling pressure and take btc to a whole new ath except in cases like the MtGox release if takes place next month. 100k is not going to be a big deal if market absorbs the upcoming dump we are aware of, else there will be too much panic.

We do really love on tagging up the history which i couldnt really blame off because look on past would might really have that relevance on saying on whats happening in the present or on possible future.
For now the best thing to be done is to deal up with things what we are facing now and of course we shouldnt really avoid the fact that there would be might some connections
but you should be wise on making out wise decisions when it comes to these situations because it could be used into your analysis.

[7788bitcoin]

The current scenario is completely different from the scenario of the past, in 2018 the ICO scammers were full in this market and people bought a lot of bitcoin and ETH to be able to invest in the ICOs and when they realized about the scam cases they started to leave the market and this did With the price falling a lot, today we have a demand coming from institutional investors, from billionaires and governments like El Salvador, so we have a scenario where the price will not fall as much as in the past

In 2018 we had the ICO scammers, what about the DeFi and IDO scammers and then there is a NFT hype as well and many are investing heavily, what happens if everyone of them sells their coin and move out according to your theory  .

The institutional investors are not here to boost the market and hold till infinity, they will book their profit and the market will crash.

[AmoreJaz]

The current scenario is completely different from the scenario of the past, in 2018 the ICO scammers were full in this market and people bought a lot of bitcoin and ETH to be able to invest in the ICOs and when they realized about the scam cases they started to leave the market and this did With the price falling a lot, today we have a demand coming from institutional investors, from billionaires and governments like El Salvador, so we have a scenario where the price will not fall as much as in the past

In 2018 we had the ICO scammers, what about the DeFi and IDO scammers and then there is a NFT hype as well and many are investing heavily, what happens if everyone of them sells their coin and move out according to your theory  .

The institutional investors are not here to boost the market and hold till infinity, they will book their profit and the market will crash.

we have had so many fallbacks in crypto owed to various hypes that we have encountered. and yet, we have seen that despite all these troubles, bitcoin managed to go up to values that no one expected to. scammers will not go away, but i believe a lot of crypto users today are now smarter than ever. but of course, a lot are still being screwed. i have the feeling that we will still have another bull run before the year ends. anyway, everyone is free to make their own speculation. just act according to your instincts and not rely on anybody.

[Hamphser]

The current scenario is completely different from the scenario of the past, in 2018 the ICO scammers were full in this market and people bought a lot of bitcoin and ETH to be able to invest in the ICOs and when they realized about the scam cases they started to leave the market and this did With the price falling a lot, today we have a demand coming from institutional investors, from billionaires and governments like El Salvador, so we have a scenario where the price will not fall as much as in the past

In 2018 we had the ICO scammers, what about the DeFi and IDO scammers and then there is a NFT hype as well and many are investing heavily, what happens if everyone of them sells their coin and move out according to your theory  .

The institutional investors are not here to boost the market and hold till infinity, they will book their profit and the market will crash.

we have had so many fallbacks in crypto owed to various hypes that we have encountered. and yet, we have seen that despite all these troubles, bitcoin managed to go up to values that no one expected to. scammers will not go away, but i believe a lot of crypto users today are now smarter than ever. but of course, a lot are still being screwed. i have the feeling that we will still have another bull run before the year ends. anyway, everyone is free to make their own speculation. just act according to your instincts and not rely on anybody.

Hypes,fuds,scams etc. would really be always be a part of this market which you should really be getting used to it and be smart on dealing with it off because if you dont then you would really be able to have a hard time on dealing on this very unpredictable market.

Bull trap or bull run it wouldnt matter because it would be just only known when its already happening but knowing it before? Its an impossible task thats why experience would really matter
or differ on each person.

No one could know on what would be the future looks like but we have seen about the past and its probabilities.

[STT]

2018 was rising Dollar which we do have now, thats probably the most critical and simple thing to observe.   See if it can recover the pricing it lost in July 2020 which led to BTC recovering at that point and eventually breaking out in the Autumn.
   Its not nearly as bearish now, all we are doing is pulling back some of the gains which occurred since July which is alot of ground.   See if we can hold 58k in this formation.

[Koro-Sensei]

If the FUD were not taken place, I think we already beat the BTC at 70K mark this November. Nonetheless, I think the BTC market will still recover to its 60K+ price within this month and could potentially drop again by December. I can see a lil bit of correction up to 59K+ and could again have momentum at the start of the year. We're witnessing a bull trap this month and dont be fooled with it.

[Silberman]

This is already a year of the bull run because bitcoin reach a new ATH this year, it's just in the past few days that bitcoin price is dropping and it's not a big deal as we've witnessed this kind of correction in the past. This year also, we witness bitcoin's low but was able to recover easily, so a dump now should not be surprising as it could really happen despite in a bullish market.

Yes bitcoin dump happened in 2018 after the ATH but this time may not be the same. Now we have better believers than it was last 4 years. The instructions buying taking longer before they dump that means more coins will still be in the wallet of stronger hands, that will keep price a little steady until the next halving. This time won't be same with last time, dump may be just minor before correction and continuation.

It is true that now we have more strong hands holding bitcoin and this severely limits the downside in the price we could see at the end of the bull run, however at the same time many of them are institutional investors that may not necessarily care about the ideals behind the creation of bitcoin itself, so I think there is a small possibility they could only want to make a quick profit, and as such a crash in the worst case scenario could be exacerbated instead of being tempered by them.

[Baofeng]

If the FUD were not taken place, I think we already beat the BTC at 70K mark this November. Nonetheless, I think the BTC market will still recover to its 60K+ price within this month and could potentially drop again by December. I can see a lil bit of correction up to 59K+ and could again have momentum at the start of the year. We're witnessing a bull trap this month and dont be fooled with it.

Regardless, I think we are bound for a correction after getting to a new all time high.

Yeah, it could recover to $60k, but I doubt that it will take months though, we are getting closer to it. And with the Asian market opening in about few hours, maybe in the start of this week, we will have a good attempt at it and maybe sustain. So, if that happens then this is not a bull trap but a full mode recovery and on the way to at least $70k.

[davis196]

will it be marching towards new milestone of $80K or $100k which has been trending in most of the crypto influencer's channels?

Do you really trust crypto influencers,when it comes to analyzing the market and predicting the future prices?
I think that most of what crypto influencers say is just wishful thinking and some "feel-good" bullish talk,that is intended to make the newbies buy crypto.I would never trust any advise coming from the crypto influencers.
Anyway,both outcomes (bull run and bull trap) are pretty much OK to me.I'm not obsessed with the future Bitcoin ATH.It can happen during December,or it can happen by the end of 2022.It doesn't matter if the price will hit 70K,80K or 100K.The profit margins are what matters the most.

 

[peter0425]

There are graphs that shows on how there can be a Bull Trapping any time before the year ends.

I hAve reaD Also about this thread though i think it has been locked,  Bitcoin will end bumping before the year end and the Bear will take over , So be aware of this to come.

and even a Famous analyst says that bitcoin is overprice in its status now so basically there are possibilities that we are facing a hard time if we expect another hype before December ends.

All Analyst has their own views in market specially for Bitcoin , Yeah others says over price while some says it is just what its worth so whom do we need to believe? of course the one that closest to our desire .

[dezoel]

I believe that we already had the correction happen and from now out I believe that it will definitely be a recovery. Many people think that the correction is not over and this is purely a dead cat bounce but I disagree with that. At the end of the day December is a good period for crypto historically, and I know that just because it happened in the past doesn't mean it needs to happen again but I know that there is a good chance it may happen.

So, let's hope that we get to 60k+ first and then do a lot better and maybe we could even see a brand new ATH during December as well. Do not fear bitcoin because even if it somehow drops, we all know it will eventually grow bigger.

[ice18]

Like I said in related topics, I still strongly believe that until btc price not reach $100k+ this year or in 2022 we are still in bull market. Its too early to speculate for a bear market coming in the next 2 months. Remember that from the last bull market of 2017, btc price moves really fast and gain almost 300% price increase in just 2 months, if history repeats itself, it may happen again but in I think this is a phenomenal price movement than the past.

[Sled]

Well, I just put it aside thinking if this is a trap or really a Bullrun in form. Because of what I see and know about the market, volatility makes things and prices unpredictable. But I see this uptrend motion is not manipulated, I'd say this is not because of the whales, this is because of the increasing market demand since early this year. This 2021 gives us some idea that cryptocurrency will have a fortune. Seeing the market still healthy and remains unstoppable despite the FUDs and banning in some countries will tell us that there is no way to stop this technology.

[South Park]

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.

Will we be tricked in to buy at peak or else people have learnt lesson from 2018 dump and act wisely this time?  

We know that history never repeats itself in the exact same way, so I think it is possible that bitcoin does not skyrocket or crashes during this quarter and instead we will have to wait until next year to find out what will happen to bitcoin, now this would not be in line with what we have seen from bitcoin in the past, however there are many people speculating that due to external factors we are no longer in a 4 year cycle, and bitcoin not moving much during December could be a sign of this to be true.