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December 24, 2022, 08:02:52 PM |
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Very sideways at the moment, because the moving average will meet the price eventually when it does this both 2 day and weekly averages are in the same place but roughly below BTC currently. I dont think thats bullish more a lack of action leading to no signal, we are left then with the 50 day average and its convergence to price which takes place over a longer time period. Presently its above us just about, I imagine it would be something of a ceiling but no particular reaction wont make me bullish even if we drift above it for the rest of this year. Its going to become harder to call under these movements, if the 50 week slides underneath the 200 week it will have become the first time since 2016 to do so. I heard a prediction of a 4 year lapse to any bullish movement in BTC, thats possible so long as Dollar index stays high and I might take that as my wider guide to if we shall be positive or negative. There isnt enough time left in this year to state with any confidence for BTC, its neutral to negative till substantially proven otherwise.
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Franctoshi
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December 24, 2022, 09:14:42 PM |
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In December , everything is resetting for next year 2023 and a lot of players in the market are going to be on the sideline waiting for 2023, so there's not gonna be any big price movement for Bitcoin and entire crypto market in this December until we're finally in 2023. So I do think we'll be ending up the year with more of sideways movement in the areas of $18k-$16k.
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ilovealtcoins
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December 24, 2022, 10:51:38 PM |
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December is about 12 days left, and the current price is around $16600, it doesn't look like there will be any big surprises, maybe the highest price still to be reached is $19k, and the lowest is probably $15k, any option from that price then i won't sell bitcoin, probably will buy more and hold long term.
I don't know, for the past few months, to be honest, I haven't done real research for bitcoin when looking at the current candlechart because my focus is still on buying every week and I open bitcoin when I only buy DCA (once a week) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But indeed my reason is quite clear even though it seems so naive but I don't want to see their current condition by predicting too much and all I do is buy and buy every week. It would be great if everyone did the same as you, bitcoin is a long-term investment, and monthly bitcoin price prediction is unnecessary and does not bring any change for us. We are still in the bear season, so it is difficult to expect a bull run, instead of predicting the bitcoin price, it is better to focus on accumulating bitcoin. I don't have as much money as you, but I still DCA monthly, and as long as bitcoin stays below the old ATH, I will DCA.
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Ngemmeng
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December 25, 2022, 10:12:54 AM |
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In December , everything is resetting for next year 2023 and a lot of players in the market are going to be on the sideline waiting for 2023, so there's not gonna be any big price movement for Bitcoin and entire crypto market in this December until we're finally in 2023. So I do think we'll be ending up the year with more of sideways movement in the areas of $18k-$16k.
true, after the current FTX incident most investors are still holding back and choosing to observe the direction of the market movement. maybe this is the reason why lately the crypto market movement tends to be stable. many say if in 2024 the crypto market will rise again, maybe in Q2 2023 we will see a price movement that starts to rise as most investors prepare to welcome the bull market in 2024.
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bestcoins1
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December 25, 2022, 10:42:12 AM |
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It would be great if everyone did the same as you, bitcoin is a long-term investment, and monthly bitcoin price prediction is unnecessary and does not bring any change for us. We are still in the bear season, so it is difficult to expect a bull run, instead of predicting the bitcoin price, it is better to focus on accumulating bitcoin. I don't have as much money as you, but I still DCA monthly, and as long as bitcoin stays below the old ATH, I will DCA.
I very rarely do DCA in every month (especially this year) because I immediately buy when the price drops without making steps in each month. What you do with Bitcoin is actually very good and you can continue to do it as long as you have the ability for it. Especially if it doesn't have a problem with your finances in life. Because not everyone is able to do DCA as consistently as you are doing now on Bitcoin. And behind all that, you can definitely get bigger profits when Bitcoin increases in price more quickly at unpredictable times.
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Chato1977
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December 25, 2022, 11:44:39 AM |
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In December , everything is resetting for next year 2023 and a lot of players in the market are going to be on the sideline waiting for 2023, so there's not gonna be any big price movement for Bitcoin and entire crypto market in this December until we're finally in 2023. So I do think we'll be ending up the year with more of sideways movement in the areas of $18k-$16k.
that is so harsh mate, meaning we are not going to see anything similar happening any near soon because this is still December? and maybe in the next december(2023) would be the best to see this coming? Well for me? I would rather see it losing now than in the next couple of years as I am expecting a great move up for the halving season.
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Fara Chan
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December 25, 2022, 12:56:37 PM |
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So I do think we'll be ending up the year with more of sideways movement in the areas of $18k-$16k.
December will soon be over and it is likely that the market will remain in a bearish state until the end of this year, so automatically there will be no increase in value for the Crpypto market until the end of this December, including Bitcoin I think Bitcoin will be between $ 16k- $ 20 k until the turn of this year. It would be best for everyone to buy and continue buying at this point, and hold it long term.
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ilovealtcoins
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December 25, 2022, 04:07:57 PM |
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It would be great if everyone did the same as you, bitcoin is a long-term investment, and monthly bitcoin price prediction is unnecessary and does not bring any change for us. We are still in the bear season, so it is difficult to expect a bull run, instead of predicting the bitcoin price, it is better to focus on accumulating bitcoin. I don't have as much money as you, but I still DCA monthly, and as long as bitcoin stays below the old ATH, I will DCA.
I very rarely do DCA in every month (especially this year) because I immediately buy when the price drops without making steps in each month. What you do with Bitcoin is actually very good and you can continue to do it as long as you have the ability for it. Especially if it doesn't have a problem with your finances in life. Because not everyone is able to do DCA as consistently as you are doing now on Bitcoin. And behind all that, you can definitely get bigger profits when Bitcoin increases in price more quickly at unpredictable times. I'm trying very hard and will try to maintain that until the end of 2023, and that is my plan. I don't have too much time to check the market often so I choose DCA monthly, no matter what bitcoin price, as long as we are still in bear season and bitcoin price is still down compared to bitcoin ATH price. I am not sure how much profit I will make because no one can predict the price of bitcoin, but I hope my economy will be better in the future, I believe in bitcoin.
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Oshosondy (OP)
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December 25, 2022, 08:34:38 PM |
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I don't know, for the past few months, to be honest, I haven't done real research for bitcoin when looking at the current candlechart because my focus is still on buying every week and I open bitcoin when I only buy DCA (once a week) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You are not following the wrong step, it is the right and correct one, the price of bitcoin has reduced significantly, the next is price increase that we are expecting as we are leaving the bear period gradually but not yet visibly. But it is good to still learn the chart to know when DCA can be very good to use, especially not advisable when bitcoin price has reached a significant high price, but it will not be new for those that have known the chart history though and you may be one of them. I'm trying very hard and will try to maintain that until the end of 2023, and that is my plan. I don't have too much time to check the market often so I choose DCA monthly, no matter what bitcoin price, as long as we are still in bear season and bitcoin price is still down compared to bitcoin ATH price. I am not sure how much profit I will make because no one can predict the price of bitcoin, but I hope my economy will be better in the future, I believe in bitcoin.
No doubt in that, DCA is a good strategy for holders and it helps against spending more time on making different analyses. I too believe DCA strategy this time will pay very well and it would be of high profit by 2024/2025.
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BigBos
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December 25, 2022, 10:53:45 PM |
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December is only seven days away and the market is still moving between $16-17k, still no sign of good news for the old holders, but why complain about something like this without any direction, it is better to add weight to prepare for the future, market prices like this will not be repeated as in previous years, there is always a price floor period in the market and each cycle the price is getting higher.
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Charles-Tim
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December 26, 2022, 07:22:17 AM |
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The price of Bitcoin does not seem to increase this year. This is because the coin did not increase in price on Christmas Day.
What are you implying? Because there are signs of further dumping of Bitcoin price, many experts have used such quotes.
Beccuase experts are saying the price will decrease more is the reason, if I get you correctly? But did you know that some analysts are saying the price will decrease, some are saying the price will reach $100000 before the end of this year until a significant bear run started. Even if some analysts say the price of bitcoin will increase, some analysts will say it will decrease. Some will make just complicated analysis. Nothing like experts about this. But Bitcoin has been stuck between 16-17 thousand dollars for a long time. Let's hope that Bitcoin prices don't dump from here on out so we all get ready to invest.
There is nothing better than DCA and buying. I am expecting no much significant drop in bitcoin price until the next bull run.
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GeorgeJohn
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December 26, 2022, 08:09:52 AM |
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I don't know, for the past few months, to be honest, I haven't done real research for bitcoin when looking at the current candlechart because my focus is still on buying every week and I open bitcoin when I only buy DCA (once a week) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But indeed my reason is quite clear even though it seems so naive but I don't want to see their current condition by predicting too much and all I do is buy and buy every week. What wanted to know is that, during the bearish of Bitcoin, it's the opportunity someone can as well purchase Bitcoin without say. So therefore i believe that Bitcoin have its way of operating and so i believe that if you purchase now you definitely makes your Profit when the rise, because i do believe that their is every tendency that the price of Bitcoin will increase and the people who surmon the courage right now are the people that will be profitable in Bitcoin when it rise or enters a bullish market.
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Alisha-k
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December 26, 2022, 08:27:28 AM |
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The price of Bitcoin does not seem to increase this year. This is because the coin did not increase in price on Christmas Day. Because there are signs of further dumping of Bitcoin price, many experts have used such quotes. But Bitcoin has been stuck between 16-17 thousand dollars for a long time. Let's hope that Bitcoin prices don't dump from here on out so we all get ready to invest.
The fact price didn't increase on Christmas day doesn't mean it will dump further perhaps there was no serious news as regard crypto activity on the day of Christmas. If Price was ever going to fall further in December Christmas day would have been a big determinant because many might have withdrawn their investment to have pleasant times with their families but the Price didn't move down that much which means something positive could be on the way
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Ryu_Ar1
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December 26, 2022, 07:06:42 PM |
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I don't know, for the past few months, to be honest, I haven't done real research for bitcoin when looking at the current candlechart because my focus is still on buying every week and I open bitcoin when I only buy DCA (once a week) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You are not following the wrong step, it is the right and correct one, the price of bitcoin has reduced significantly, the next is price increase that we are expecting as we are leaving the bear period gradually but not yet visibly. But it is good to still learn the chart to know when DCA can be very good to use, especially not advisable when bitcoin price has reached a significant high price, but it will not be new for those that have known the chart history though and you may be one of them. I have been here little by little for 2 years (2020-present) trying to learn about it, of course, because this is also important, but as far as I know, when I say DCA, CMIIW doesn't really care about graphics. I know graphics are important but when it comes to the definition of DCA what I often read is. investing the same amount of money in a target security at regular intervals over a certain period of time, regardless of price. sourceSo from these words alone it is quite clear that it really doesn't matter what the graph looks like as long as we have determined where our target will buy from, then do so without caring about the increase or decrease that occurs as long as it is not above the limit we are targeting. For the past few months I have always made purchases every week from the price when it was at $ 30k which is my benchmark and as long as bitcoin is not above $ 30k I will still do that no matter what happens on the current chart.
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TheGreatPython
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December 27, 2022, 05:23:23 AM |
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The fact price didn't increase on Christmas day doesn't mean it will dump further perhaps there was no serious news as regard crypto activity on the day of Christmas. If Price was ever going to fall further in December Christmas day would have been a big determinant because many might have withdrawn their investment to have pleasant times with their families but the Price didn't move down that much which means something positive could be on the way
I believe that it is not going to change much at all. I mean it would have done something if it wanted to do it, but since it didn't do anything I believe that it will continue to do nothing for a long time. I understand that not many people could agree with that, and maybe it will do a lot better in the long future as well but for the time being I do not think that it will do anything special. It will take a while before we could see the price move, Christmas was the last day people expected it to do something and it failed so I guess it is not going to be changing at all for the rest of the year as well. It is fine though, we are not really in a rush at all.
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MarjorieZimmermanGinger
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December 27, 2022, 10:45:35 AM |
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I believe that it is not going to change much at all. I mean it would have done something if it wanted to do it, but since it didn't do anything I believe that it will continue to do nothing for a long time. I understand that not many people could agree with that, and maybe it will do a lot better in the long future as well but for the time being I do not think that it will do anything special.
It will take a while before we could see the price move, Christmas was the last day people expected it to do something and it failed so I guess it is not going to be changing at all for the rest of the year as well. It is fine though, we are not really in a rush at all.
There has been no upgrade for bitcoin in december and the price is currently around $16K, there is no sign of an imminent recovery in the market yet, so the accumulation of corrections will continue into early next year. Literally for this year bitcoin is at a resistance point, there are no supporting factors that can make bitcoin recover faster due to various sentiments that have occurred this year, various cases that have been tried to be linked to bitcoin's journey, such as FTX bankruptcy news and others. If this accumulation can be tapped into, this should be the right time to enter the market and collect some bitcoins, as it is likely that next year there will be a gradual recovery before reaching the four-year cycle and it is this opportunity that should be exploited to provide a return on the investment made.
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Quidat
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December 27, 2022, 11:56:15 PM |
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The price of Bitcoin does not seem to increase this year. This is because the coin did not increase in price on Christmas Day. Because there are signs of further dumping of Bitcoin price, many experts have used such quotes. But Bitcoin has been stuck between 16-17 thousand dollars for a long time. Let's hope that Bitcoin prices don't dump from here on out so we all get ready to invest.
The fact price didn't increase on Christmas day doesn't mean it will dump further perhaps there was no serious news as regard crypto activity on the day of Christmas. If Price was ever going to fall further in December Christmas day would have been a big determinant because many might have withdrawn their investment to have pleasant times with their families but the Price didn't move down that much which means something positive could be on the way Just like an ordinary sideways movement on Bitcoins price or even on most coins in the market didnt really make much significant movement if we do talk about into its value or price. Lots had been anticipating that there would be some holiday pump or even dump which it isnt really that surprising every time of the year where speculative approach into this Holiday season is really that very common.Now its almost new year or 2023 but the price didnt really make out some significant movement which lots had presume that it would be starting on 1st quarter of 2023? No one really knows.
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Sebas.tian
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December 28, 2022, 05:22:32 AM |
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I still believe in bearish season through out this month of December, because this year has been predicted to be bearish through out the year which investors and traders are experiencing from the crypto market now. Now that we have few days to end this year 2022 and the price of Bitcoin is still $16,421, showed that the price will remain low for investors to continue buying and hold for the price to improve higher before they can sell to achieve something good. This long bearish has really helped people to meet up with this opportunity, despite the delay of capital few months ago they still succeed to buy Bitcoin and hold for future purpose.
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LittleBitFunny
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December 28, 2022, 05:45:00 AM |
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If this accumulation can be tapped into, this should be the right time to enter the market and collect some bitcoins, as it is likely that next year there will be a gradual recovery before reaching the four-year cycle and it is this opportunity that should be exploited to provide a return on the investment made.
We still have nothing to say that we have reached the final bottom of this bear season, so a recovery in 2023 is uncertain. With only 3 days left of the year, we can be sure that bitcoin will end the year with a red candle and we will have 4 consecutive red quarters, but there is no sign of bitcoin going up yet in 2023. Looking at the macroeconomic situation, I still predict 2023 is still a bearish year, and we will bottom in 2023. Although the halving will be a time to expect a bull run, depending on the economic situation, the war, and inflation is still there, so it is difficult to expect the bulls to come at the right time.
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MarjorieZimmermanGinger
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December 28, 2022, 02:24:13 PM |
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We still have nothing to say that we have reached the final bottom of this bear season, so a recovery in 2023 is uncertain. With only 3 days left of the year, we can be sure that bitcoin will end the year with a red candle and we will have 4 consecutive red quarters, but there is no sign of bitcoin going up yet in 2023. Looking at the macroeconomic situation, I still predict 2023 is still a bearish year, and we will bottom in 2023. Although the halving will be a time to expect a bull run, depending on the economic situation, the war, and inflation is still there, so it is difficult to expect the bulls to come at the right time.
All possibilities can still occur according to the market reaction to economic growth, inflation and recession. However, when viewed from the previous correction phase, bitcoin is likely to get a sustained recovery in 2023, even though during this recovery bitcoin will also experience a correction. I believe bitcoin will rise above $30K to $60K over the next year as the market reacts to its recovery. These predictions can be wrong or right and even shift to higher prices, because there is no level of accuracy for speculators or exact predictions, but the cyclical connection can form the basis of the predictions we reveal today. Hopefully in the next year we will see progress towards recovering the price of bitcoin, so that potential investments provide even more maximum returns.
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