Bitcoin Is Approaching $17000

[Nrcewker]

Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

[1715325379]

1715325379

[1715325379]

1715325379

[1715325379]

1715325379

[1715325379]

1715325379

[1715325379]

1715325379

[1715325379]

1715325379

[stomachgrowls]

Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

For those who do made up some long position in futures then they do have at least the profits now, and for those who had made out some spot and able to buyback in 15k level then its not really that bad to sell out on

the current position since the price had made out some increase.Although its not something that big but at least making money on short term basis isnt really that bad after all.

For now, its better not to make yourself that too confident on what we are seeing now,maybe it is really just some sort of fake increase just to liquidate into those people who do took up that short position.
If you do make out some scalping and able to buy cheaper earlier then it wont really be that a bad idea on selling out for small margins.Keep repeating until you do able to make money.

[n0ne]

Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

For the last few days the price of bitcoin had shown positive movement. The price that fluctuated within specific range have now moved $17000+ and this price barrier cross haven't created support. So, there is more chances of price drop than stabilized progress.

[Wiwo]

$17,000 is already conquered. But this doesn't probably signal anything bullish. I'm afraid the overall market situation right now is still bearish. The news about FTX has not simmered down completely. The domino effect is still very much active. You mentioned Blockfi's bankruptcy filing. This is still all part of the fall of FTX. So this $17,000 rise is probably short-term. It could go back to $16,000 anytime from now. Once the dust of failed companies settles down, that's probably the time for the price to stabilize a bit and prepare for the bull run.

The price fluctuation we are seeing is a leftover of the dust raised by FTX's scandalous act and the market has been trying so hard to recover from that ugly event, I saw practically everything in the market gaining some percentage in the early hours of today and Bitcoin made it above $17,000+ in the early hours of Monday before the price corrected back to little below 17k around 16900 right now. This signal that we are in for a long period of correction since bitcoin has made so many attempts to break that price limit for a long time now. Many bitcoin price analysts have predicted an end-of-the-year Bitcoin bull appearance, but we are already approaching the second week of December and the holiday period is approaching and many Bitcoin holders will do a lot of transactions that could either trigger the market in whatever direction but at this point, nothing significant has been seen with the price of bitcoin.

[Silberman]

Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

For the last few days the price of bitcoin had shown positive movement. The price that fluctuated within specific range have now moved $17000+ and this price barrier cross haven't created support. So, there is more chances of price drop than stabilized progress.

And once again the price has gone lower than 17k, it seems the bears and the bull are in perfect equilibrium at the moment, however such circumstances do not last long, and taking into account that we are still in a bear market then it is more likely that a negative news could come out that will make the bears even stronger and they will once again make the price to go down, still it is interesting that bitcoin can still trade at this level despite the FTX scandal that we had to face weeks ago.

[tygeade]

Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .

Bitcoins are currently very green, I mean it’s really a positive sign for us. If Bitcoins keep on pushing like this, then definitely by the end of this year we will see the price at around 20k usd. If Bitcoins reach 20k usd by the end, then definitely next year will be really big for Bitcoins. It’s not late to be honest, if you haven’t bought any Bitcoins. Buy as many bitcoins as you can in this cheap sale price, and definitely next year you will see a great profit.

That means that we are getting ready for a big breakout, and that could be so great for all of us. I do wish that the 20k+ mark could be hit again, it was there for many many months and it was a great period because it meant that it was both stable and it was making a lot of money at the same time, but right now it is a bit more lower and that means all those people who bought for the past 6-8 months ended up with a small loss.

Obviously that will be recovered soon when it hits there, but we need to make sure that we could hit that price a lot quicker next time, and we shouldn't be at these lower levels for too long, it is not good for the market.

[yudi09]

The opening of Bitcoin market in green this morning after weekend, is definitely encouraging for market participants but we need to wait for opening of US market in the evening to see this positive trend continues and price is consolidated above 17K during the current week, then we might see Bitcoin moving towards 20K in coming weeks, if decaling trend in inflation continues in coming months.

$17,108 high price chart in 1D count seen on coinmarketcap. Now the Bitcoin price is still playing between $16.9K to $17,017.
Upon awakening from a sleepless night, Bitcoin started at $16.9K and is still very likely to close today with a high of $17.3K or $17.5K.
https://coinmarketcap.com/currencies/bitcoin/

As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.

[DU18]

As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.

Highest recovery price currently reached $17.5k closing price yesterday but potential price will reach $20k in till the end of the year, bear market has been running for too long due to FUD influence from Luna and FTX crash has wrecked the market and we expect significant recovery till early next year, but another option that the worst possible case if the price support could be broken due to the low bitcoin price at $15k.

[Sir Legend]

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

[Davian144]

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

Now the position of increasing and decreasing prices that occur in Bitcoin does seem to move in very small sizes and I personally also believe that the price of Bitcoin will bounce back to $ 17K+ in a matter of days. Because in the past few days I have seen a price chart that tends to be zigzag where it goes up and down in a matter of days and even in a matter of hours. And this is a sign that buying demand for Bitcoin has not increased so that the Bitcoin price also looks difficult to return to the price of $ 20K this month.

[BITCOIN4X]

Now the position of increasing and decreasing prices that occur in Bitcoin does seem to move in very small sizes and I personally also believe that the price of Bitcoin will bounce back to $ 17K+ in a matter of days. Because in the past few days I have seen a price chart that tends to be zigzag where it goes up and down in a matter of days and even in a matter of hours. And this is a sign that buying demand for Bitcoin has not increased so that the Bitcoin price also looks difficult to return to the price of $ 20K this month.

The trading volume of bitcoin during the month of December never got above $30 billion daily so this is a sign that the demand for bitcoin in the market is not increasing much even though in recent days the price has crossed $17k. While today's trading volume has increased 11% over the past day based on CMC, the bitcoin price is currently trading under $17K.

Bitcoin is still very likely to reach a price of $20K in December, but there should be some good news that will support the upside. Currently Brazil has started to legalize bitcoin as a means of payment, so I hope that will have a good impact on bitcoin and its price during December.

[virasog]

Bitcoin closed November price at $17.1k and started December at the same price based on UTC time update. Now Bitcoin is trading at $16.9k and was trading at $17,050 at 12:15 PM according to the CMC chart.

We are still waiting to see what will happen in December and the price of $17k is still a price that will hold on despite the difficulties in the market.
It is highly probable that the price will cross the $17k to be traded this week.

The best price range during december is $17K to $20K, I think that's more convincing than going down to find the lowest price. $17K will be support as bitcoin price strengthens in December so I think we will soon leave strong $16K support untouched.

However the FTX case will continue to impact the bitcoin price in the market for the rest of the year so the possibility of a rebound to $20K is hard to imagine. Bitcoin needs more support and trust after the FTX crash hit crypto, so it's taking a while to get back to $20K. But now that market conditions are looking much better than the start of the FTX crash, this is a positive.

The market is currently showing a positive movement even though the increase is still a small percentage of around 1.7%. I agree with you that $17K was price support in December.

The incident that happened to FTX was unavoidable which had a huge effect on lowering the overall price of the crypto. But if we look at the market situation has started to improve. Of course it will take time and other support to get back to normal as we hope for at least this December to be back at $20K.

The opening of Bitcoin market in green this morning after weekend, is definitely encouraging for market participants but we need to wait for opening of US market in the evening to see this positive trend continues and price is consolidated above 17K during the current week, then we might see Bitcoin moving towards 20K in coming weeks, if decaling trend in inflation continues in coming months.

Even though the market open positively on Monday and bitcoin was trading above 17K giving hope to the bitcoin traders but today on Wednesday we are back under 16900$.

There is no momentum in the bitcoin price, and we see no buying pressure at the moment. Maybe investors are not so confident to invest in bitcoin at this stage or they are anticipating more dump in bitcoin price.

[ethereumhunter]

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

This is a correction taking place in bitcoin and it's still in its natural stages to see its price drop to $16,800 from its previous price of $17k. But if the price continues to drop and even reaches $16k or even $15k, it's probably a big correction happening to bitcoin and we can only be patient. It could be a golden opportunity to buy more bitcoins. Yet again, bitcoin is getting tested to survive and can still hold up.

[Kelvinid]

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

This is a correction taking place in bitcoin and it's still in its natural stages to see its price drop to $16,800 from its previous price of $17k. But if the price continues to drop and even reaches $16k or even $15k, it's probably a big correction happening to bitcoin and we can only be patient. It could be a golden opportunity to buy more bitcoins. Yet again, bitcoin is getting tested to survive and can still hold up.

It is a test of being patient as well. Those who can endure being patient to wait for the next Bull market will get bigger rewards while these impatient people will get less.
The correction still continues, with no signs of recovery but what we see is only a usual price fluctuation and later on, it will drop back again. I'd never thought that this December will show big rallies, I could not expect it until the time the FTX issue is over. I'd still see that Bitcoin will never surpass $20k this month.

[ethereumhunter]

Today the market is dropping again so it should drop below $17k to around $16800, if we think positively then this is a good opportunity to buy, I'm sure tomorrow or a maximum of 3 more days the price will return to $17k so it's around 2% profit .

This is a correction taking place in bitcoin and it's still in its natural stages to see its price drop to $16,800 from its previous price of $17k. But if the price continues to drop and even reaches $16k or even $15k, it's probably a big correction happening to bitcoin and we can only be patient. It could be a golden opportunity to buy more bitcoins. Yet again, bitcoin is getting tested to survive and can still hold up.

It is a test of being patient as well. Those who can endure being patient to wait for the next Bull market will get bigger rewards while these impatient people will get less.
The correction still continues, with no signs of recovery but what we see is only a usual price fluctuation and later on, it will drop back again. I'd never thought that this December will show big rallies, I could not expect it until the time the FTX issue is over. I'd still see that Bitcoin will never surpass $20k this month.

I feel that the price will remain at the $16k-$17k level until the end of this month but hopefully there will be an increase even if it is not significant so that our hope of seeing higher prices is realized. And indeed, we have to be patient in waiting for a bull market because this may also be influenced by global economic conditions so that bitcoin will follow suit.

But for next year, the hope to see bitcoin rise even higher will be even more open especially if bitcoin is close to halving. This could trigger the bitcoin price to increase a lot and bitcoin can reach the last ATH in the next 1 or 2 years.

[yudi09]

As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.

Highest recovery price currently reached $17.5k closing price yesterday but potential price will reach $20k in till the end of the year, bear market has been running for too long due to FUD influence from Luna and FTX crash has wrecked the market and we expect significant recovery till early next year, but another option that the worst possible case if the price support could be broken due to the low bitcoin price at $15k.

$17,109 was still yesterday's (December 7th) high and never crossed the $17.5K price point. For today the market situation is also similar to yesterday from our observations. Bitcoin started the day at $16.8K.



The Luna and FTX events are still a factor that causes the crypto market to not revive, but we can say that hope will start next year with a support price of $20K if in the last 3 weeks the market situation has started to turn green which is able to leave the price of $17K.

[Silberman]

Now the position of increasing and decreasing prices that occur in Bitcoin does seem to move in very small sizes and I personally also believe that the price of Bitcoin will bounce back to $ 17K+ in a matter of days. Because in the past few days I have seen a price chart that tends to be zigzag where it goes up and down in a matter of days and even in a matter of hours. And this is a sign that buying demand for Bitcoin has not increased so that the Bitcoin price also looks difficult to return to the price of $ 20K this month.

The trading volume of bitcoin during the month of December never got above $30 billion daily so this is a sign that the demand for bitcoin in the market is not increasing much even though in recent days the price has crossed $17k. While today's trading volume has increased 11% over the past day based on CMC, the bitcoin price is currently trading under $17K.

Bitcoin is still very likely to reach a price of $20K in December, but there should be some good news that will support the upside. Currently Brazil has started to legalize bitcoin as a means of payment, so I hope that will have a good impact on bitcoin and its price during December.

This could mean that finally the weak hands are running out of money, a development that should be welcomed by the rest of the community, as it is impossible for the market to begin to go up in a significant manner if we still have a bunch of people that want to get rid of their coins, still it is too early to tell if this is the case, since even if the price is still above 17k the recovery that we are experiencing is still small and any bad news could make us see a reversal of this weak trend.

[ginsan]

This could mean that finally the weak hands are running out of money, a development that should be welcomed by the rest of the community, as it is impossible for the market to begin to go up in a significant manner if we still have a bunch of people that want to get rid of their coins, still it is too early to tell if this is the case, since even if the price is still above 17k the recovery that we are experiencing is still small and any bad news could make us see a reversal of this weak trend.

For the end of this year we may not be served by a significant increase but buying demand is slightly stronger but not too strong. However, market movements that occur can trigger a good reaction in the current situation. slowly but surely maybe that's the term that describes the closing price of btc at the end of this year. some of the negative news that happened in the crypto industry this year was quite a big impact on the market situation so we must need patience to see a significant increase.

At the time I am writing this post, BTC is trading at $17200 and we will probably jump $17500 before this week. the bullshit moment that's happening is the buying that's happening right now, we expect the big whales to be able to make some big purchases to push for a bullish finish to the end of the year.

[erep]

For the end of this year we may not be served by a significant increase but buying demand is slightly stronger but not too strong. However, market movements that occur can trigger a good reaction in the current situation. slowly but surely maybe that's the term that describes the closing price of btc at the end of this year. some of the negative news that happened in the crypto industry this year was quite a big impact on the market situation so we must need patience to see a significant increase.

At the time I am writing this post, BTC is trading at $17200 and we will probably jump $17500 before this week. the bullshit moment that's happening is the buying that's happening right now, we expect the big whales to be able to make some big purchases to push for a bullish finish to the end of the year.

The movement towards the end of the end is marked as strengthening even though it hasn't increased significantly, but the $17k support area might last before reaching $20k, I really hope that the year-end closing price strengthens above $20k but the market potential has not improved and is very vulnerable to being affected by FUD news. We will see the market reaction at the end of the first quarter in 2023.

[Hypnosis00]

The movement towards the end of the end is marked as strengthening even though it hasn't increased significantly, but the $17k support area might last before reaching $20k, I really hope that the year-end closing price strengthens above $20k but the market potential has not improved and is very vulnerable to being affected by FUD news. We will see the market reaction at the end of the first quarter in 2023.

If the market never shows strong resistance and market demand, it becomes impossible for Bitcoin to reach $20k. For now, we turning green already but still no big changes in its price as we are still in the $17,000 to $17,300 range. FUDs is really a huge influence on the mind of the people and I just hope that the FTX issue will be the last big scam that happen this year so at least the market can also relax.

I hope what I have seen in the market chart today (pump) will continue and so at least we can just reach $20k before the year ended.