Bitcoin Is Approaching $17000

[Jating]

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.

$20k is still the next big test that we need to hurdle. Unfortunately because there was a FTX fiasco that really affected us, then the price goes down hard to $15k.

But at least we should all be thankful that once everything has settled down, we are back to $17k++ and that is still a good news for us to see that price going to next year. Expect though that next year might be tougher that 2023, there could be another lower lows in the horizon.

The same strategy though, never panic but instead buy if the price goes again next year, just saying.

[milewilda]

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.

$20k is still the next big test that we need to hurdle. Unfortunately because there was a FTX fiasco that really affected us, then the price goes down hard to $15k.

But at least we should all be thankful that once everything has settled down, we are back to $17k++ and that is still a good news for us to see that price going to next year. Expect though that next year might be tougher that 2023, there could be another lower lows in the horizon.

The same strategy though, never panic but instead buy if the price goes again next year, just saying.

$20k is indeed the level we should really keep an eye on and not for having those $200-500 increments which is something that could be considered as a normal movement here on crypto space.
I dont know on why people are really that too reactive when when seeing those +$1000 increment which if we do mind off on how bad we did able to fall.
For next tough resistance which if we do able to break that 17500 or 17800 then we might be seeing that 20k soon but im not really expecting that much considering
that we are really that moving sideways as of this moment which it is really hard to make out decisions whether you should place yourself and consider this as a bottom or
wait up a little bit further.

[Epaper]

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

[yudi09]

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

The end of 2022 is better when we talk of increasing rather than decreasing prices and the current market conditions are good. The graph of the increase has been seen, although we have not confirmed that it was the beginning because it is still possible to go back down. But we expect Bitcoin to close the day at $17.5K and another hope to close the month at around $23K.

If the Bitcoin price can get above $20K this month, then next year I think there will be even more chance of a percentage increase to occur.

[Ani1985]

Having previously under $ 17K, now around 4 days the price of Bitcoin is stable at $ 17K, I'm sure that next week the price can reach $ 18K and in December can reach $ 20k, there may be a small turmoil but will not make Bitcoin fall too deep Luna's case at the end of last November.

[koang]

Having previously under $ 17K, now around 4 days the price of Bitcoin is stable at $ 17K, I'm sure that next week the price can reach $ 18K and in December can reach $ 20k, there may be a small turmoil but will not make Bitcoin fall too deep Luna's case at the end of last November.

Should be more worried about breaking 17.6k first, but I would be happy if Bitcoin could hold at 17k up to next week’s FOMC decision.
I hope the price of bitcoin can rise smoothly, not all at once, so that it will generally fall at once
And in the next two years, as long as you have one BTC, You are a millionaire

[South Park]

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

The end of 2022 is better when we talk of increasing rather than decreasing prices and the current market conditions are good. The graph of the increase has been seen, although we have not confirmed that it was the beginning because it is still possible to go back down. But we expect Bitcoin to close the day at $17.5K and another hope to close the month at around $23K.

If the Bitcoin price can get above $20K this month, then next year I think there will be even more chance of a percentage increase to occur.

At this point it is going to be very difficult to know what it will happen during the next year, I am instead expecting a quiet year in which not much happens, now this may not seem as a desirable outcome for many, but when I take into account the turmoil we had to suffer during this year and all the crazy events that happened, I think that what we need the most right now is a period of time in which not much happens and that allow us to accumulate more bitcoin without such a high volatility.

[romero121]

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

The end of 2022 is better when we talk of increasing rather than decreasing prices and the current market conditions are good. The graph of the increase has been seen, although we have not confirmed that it was the beginning because it is still possible to go back down. But we expect Bitcoin to close the day at $17.5K and another hope to close the month at around $23K.

If the Bitcoin price can get above $20K this month, then next year I think there will be even more chance of a percentage increase to occur.

At this point it is going to be very difficult to know what it will happen during the next year, I am instead expecting a quiet year in which not much happens, now this may not seem as a desirable outcome for many, but when I take into account the turmoil we had to suffer during this year and all the crazy events that happened, I think that what we need the most right now is a period of time in which not much happens and that allow us to accumulate more bitcoin without such a high volatility.

More 20 days to end the month. By now we can't expect big change in the market price of bitcoin. The increase is supposed to happen closer to the Christmas days, and gets carried forward to new year. How far this gonna happen isn't known. The upcoming year based on several predictions is the time to accumulate for the better growth in the long term.

[iamsange]

Having previously under $ 17K, now around 4 days the price of Bitcoin is stable at $ 17K, I'm sure that next week the price can reach $ 18K and in December can reach $ 20k, there may be a small turmoil but will not make Bitcoin fall too deep Luna's case at the end of last November.

Does the LUNA case have anything to do with Bitcoin
I don't even see the LUNA case as an influence for Bitcoin because it has nothing to do with Bitcoin. The Luna problem that occurred this year was due to the creator himself and you should also know who created Bitcoin so that you can sort this out yourself by not equating it with Luna.

Should be more worried about breaking 17.6k first, but I would be happy if Bitcoin could hold at 17k up to next week’s FOMC decision.
I hope the price of bitcoin can rise smoothly, not all at once, so that it will generally fall at once
And in the next two years, as long as you have one BTC, You are a millionaire

Everyone will be happy to see the price of Bitcoin has increased and is at an expensive number. I'm personally still hoping for $20K before the new year, but I would be very grateful if I could see more than that before the new year. Because I only believe in Bitcoin for investment although sometimes I also trade with some of the best altcoins on the market at the moment.

[KingsDen]

Currently, the bitcoin price is above $17k. I see this increase is likely to continue even if not too significant, however, at least the current increase will bring the price of bitcoin closer to $ 20k by the end of this year.

The end of 2022 is better when we talk of increasing rather than decreasing prices and the current market conditions are good. The graph of the increase has been seen, although we have not confirmed that it was the beginning because it is still possible to go back down. But we expect Bitcoin to close the day at $17.5K and another hope to close the month at around $23K.

If the Bitcoin price can get above $20K this month, then next year I think there will be even more chance of a percentage increase to occur.

At this point it is going to be very difficult to know what it will happen during the next year, I am instead expecting a quiet year in which not much happens, now this may not seem as a desirable outcome for many, but when I take into account the turmoil we had to suffer during this year and all the crazy events that happened, I think that what we need the most right now is a period of time in which not much happens and that allow us to accumulate more bitcoin without such a high volatility.

Few weeks ago or will I say months, bitcoin was trading within 20000 dollars. We were expecting a very huge turnaround from that $20000 upward but to a certain time Bitcoin had to remain in that range for a long time as if it wants to form a strong support.
Before we could know what was happening the alleged support was broken and bitcoin came down to 16000 dollars and now it is trading between 16 thousand and 17 thousand dollars. This is to say that for the next two months we might not escape 16000 dollars to 18000 dollars windows because bitcoin will try to form a support here which will give it some strength to push above 20,000 dollars. We shouldn't have high hopes in bitcoin now.

[Pierre 2]

Bitcoin just did great move above 17000 dollar level today. We can safely say now that 17500 may become new resistance in my opinion. I guess some things are getting better in crypto as soon as there are good news in global markets, especially USA. I think this won't mean we are exiting bear market, but its something positive. For us to leave bear market we should see price above 20000 dollar level for long enough like a month at least. But I like Bitcoin isn't that affected by FTX and Blockfi issues.

[GeorgeJohn]

Bitcoin just did great move above 17000 dollar level today. We can safely say now that 17500 may become new resistance in my opinion. I guess some things are getting better in crypto as soon as there are good news in global markets, especially USA. I think this won't mean we are exiting bear market, but its something positive. For us to leave bear market we should see price above 20000 dollar level for long enough like a month at least. But I like Bitcoin isn't that affected by FTX and Blockfi issues.

I know right from time that Bitcoin market degradation is something of time before it can accelerate, i understand that Bitcoin have its ways of price regulations, i do tell people that Bitcoin have to do with rising and falling which i know quite well that the price can rise any day, but people panic in the price of Bitcoin from my perspective because of it's way of reduction, it's obvious that Bitcoin always been in of fluctuations which is what causes the increment of Bitcoin.

[STT]

18k now which puts highs for today inline with the 50 day average.  That could be the top of the move for now but the ideal is to challenge 19k
  More then particular price points the larger picture comes from the regular price action and the direction of that highs and lows is upwards since the recent low.   Its not going to shoot up, I think its still range bound and the best indication of that will be when all moving averages are able to be positive trending; 50 day average is still descending so remain cautious till thats turned around.

If you want to compare the moment, the last time 50 day average was moving upwards was August.   We did have a sequence of recovery at that point but it failed in the autumn, we havent yet begun to be that positive so theres a fight ahead yet.

[Sayeds56]

Bitcoin just did great move above 17000 dollar level today. We can safely say now that 17500 may become new resistance in my opinion. I guess some things are getting better in crypto as soon as there are good news in global markets, especially USA. I think this won't mean we are exiting bear market, but its something positive. For us to leave bear market we should see price above 20000 dollar level for long enough like a month at least. But I like Bitcoin isn't that affected by FTX and Blockfi issues.

The CPI data report was better than what most market analysts were expecting and now market is waiting for next big event of FED meeting to be held tonight, most of analyst expect the interest rate increase will be less than what was announced last time. The good news about inflation was the main catalyst behind rally in Bitcoin which pushed its price above 18K.

Even this morning Bitcoin is trading around $17,800 and hopefully, we will see Bitcoin hitting 20K in coming weeks.

[Chato1977]

Bitcoin just did great move above 17000 dollar level today. We can safely say now that 17500 may become new resistance in my opinion. I guess some things are getting better in crypto as soon as there are good news in global markets, especially USA. I think this won't mean we are exiting bear market, but its something positive. For us to leave bear market we should see price above 20000 dollar level for long enough like a month at least. But I like Bitcoin isn't that affected by FTX and Blockfi issues.

actually closing to 18k now hours after that 17k

https://coinmarketcap.com/currencies/bitcoin/


so approaching to 18k means we are nearly to break 20k at least this December?

cannot wait for this to come , one of the best timing for all who wanted to take funds out at least for celebration of the eve xmass.

[Lubang Bawah]

These days the market looks good, when the price drops below $ 17k it will be back soon, and today the price has reached $ 17800 so I'm sure if tomorrow or this week the price can be to $ 18k or more, the main focus at this time is continuing to continue Buying, it is not too late to buy because the price increase trend will continue to occur after the FTX case is finished and does not occur again.

[kotajikikox]

How many times now that bitcoin hit 17k but continues to lower the price after several hours , it did not even stay for a day and I hate seeing this.

what I wanna see is that Bitcoin price approaching 20k because this is what i wanna take  this   December .
_____________________________________________________________

but Bitcoin ??

.... It does and still do .

this will happen continuously so never waste your expectations .

These days the market looks good, when the price drops below $ 17k it will be back soon, and today the price has reached $ 17800 so I'm sure if tomorrow or this week the price can be to $ 18k or more, the main focus at this time is continuing to continue Buying, it is not too late to buy because the price increase trend will continue to occur after the FTX case is finished and does not occur again.

it is indeed coming that way, 18k is just a hundred dollars away and we are still in the middle of December so many things will happen in another 15 days.

[slaman29]

18k now which puts highs for today inline with the 50 day average.  That could be the top of the move for now but the ideal is to challenge 19k
  More then particular price points the larger picture comes from the regular price action and the direction of that highs and lows is upwards since the recent low.   Its not going to shoot up, I think its still range bound and the best indication of that will be when all moving averages are able to be positive trending; 50 day average is still descending so remain cautious till thats turned around.

If you want to compare the moment, the last time 50 day average was moving upwards was August.   We did have a sequence of recovery at that point but it failed in the autumn, we havent yet begun to be that positive so theres a fight ahead yet.

Almost!! The CPI news was the best thing to happen as everyone expected it would at least be as forecast, but this was the first time it fell well below even forecast. And that was on back of FTX boss arrest, so it seems the bad things are being wiped away.

I think if FED just sticks to their forecast rate of half point + admits that inflation is going down because of them, we can see a push towards 18500 and 19000.

Long fights ahead but we're all up for it

[Kemarit]

18k now which puts highs for today inline with the 50 day average.  That could be the top of the move for now but the ideal is to challenge 19k
  More then particular price points the larger picture comes from the regular price action and the direction of that highs and lows is upwards since the recent low.   Its not going to shoot up, I think its still range bound and the best indication of that will be when all moving averages are able to be positive trending; 50 day average is still descending so remain cautious till thats turned around.

If you want to compare the moment, the last time 50 day average was moving upwards was August.   We did have a sequence of recovery at that point but it failed in the autumn, we havent yet begun to be that positive so theres a fight ahead yet.

Almost!! The CPI news was the best thing to happen as everyone expected it would at least be as forecast, but this was the first time it fell well below even forecast. And that was on back of FTX boss arrest, so it seems the bad things are being wiped away.

I think if FED just sticks to their forecast rate of half point + admits that inflation is going down because of them, we can see a push towards 18500 and 19000.

Long fights ahead but we're all up for it

Yeah, I have speculated that the Fed are going to cut or at least their last forecast is going to fell way below. And that is what we all have been waiting for, that's why the numbers or the price of bitcoin suddenly jumps and we are inching closing to $18k. Hopefully we will make it before the end of the year, before the FTX we forecast that the price will be at least $20,000.

But since the collapse last month, it's been very hard for us. Yeah, I do agree that it will be a long fight ahead of us. But we should remain calm and just keep on accumulating in this bear market.

[Davian144]

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.

A significant increase, especially in Bitcoin, has not happened this month, but I see that in the market the price of Bitcoin is slowly starting to approach $ 18K, although it has not yet reached $ 18K. This can also be a sign that buying demand has started to look a little strong at the end of this year so that price changes in waves are still very common for Bitcoin.

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.

Now the Bitcoin price is at $17800 and it is very close to $18K as I said just now. If in a few days there are large investors who want to enter the market to buy Bitcoin, I think the price increase in Bitcoin will be pushed. Especially if this can be accompanied by positive news for the crypto industry at the end of this year.