Fear of December dump is fading away - for Bitcoin

[kentrolla]

As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.

 I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

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[Orpichukwu]

I see the end-of-year pump as something that comes earlier. Let's not forget the recent price jump that just happened, which pushed bitcoin to the place it settled right now, which is $43k and above.
 
We still have time until the end of the year; even if it's just a few hours until 2024, we can still experience some positive price increases. It's happened, so it's not something to worry about, but then again, we can also see a drop in the price as we can't tell what face the market might come with; it's never always certain of what we might expect.
 
With Bitcoin regulating within the $40k range, it's a good sign that if it breaks that $43 price, we might be seeing $50k in price. Even if it's not this year again, early January might be a good time to hit that price.

[Wiwo]

To be honest with you,  I never expected Bitcoin to drop in price this December,  and rather I have always anticipated the possible increase in the price beyond what we have presently from the market and at such we should not expect what happened the last year or the year before to repeat itself because the Bitcoin market sentiment for both years has been very different,  in 2024 December the price of started appreciating in form of a recovery form and for that we can see the December sell-off having any effect on the price of bitcoin in a negative manner.

I think before the next Bitcoin halving,  it won't be easy for Bitcoin price to drop significantly,  and we may not see much significant price discount so for sure we will be seeing more uptrend movement which will signify a lot of positivity before the next halving and if that becomes the case,  then we may take longer before we see the next Bitcoin all-time price as expected all the while.

[TimeTeller]

To be honest with you,  I never expected Bitcoin to drop in price this December,  and rather I have always anticipated the possible increase in the price beyond what we have presently from the market and at such we should not expect what happened the last year or the year before to repeat itself because the Bitcoin market sentiment for both years has been very different,  in 2024 December the price of started appreciating in form of a recovery form and for that we can see the December sell-off having any effect on the price of bitcoin in a negative manner.

I think before the next Bitcoin halving,  it won't be easy for Bitcoin price to drop significantly,  and we may not see much significant price discount so for sure we will be seeing more uptrend movement which will signify a lot of positivity before the next halving and if that becomes the case,  then we may take longer before we see the next Bitcoin all-time price as expected all the while.

The drop is not significant in my opinion. We are still above 40k level. So for me, one should not really be worried about.
The performance of btc this month is still great in my opinion. We should not expect too much steep increase because that's quite alarming.
I believe a lot are still in the buying spree for btc because of the upcoming halving event, as they are seeing it as a good opportunity that it
will further increase either before or after this event.
So the fading of doubt I think is reasonable as there is an upcoming event that we are looking forward to.

[goaldigger]

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

One week left before the end of December and I can say that we are going to continue its trend as many are still rushing to buy Bitcoin and we might not see any correction this year anymore. Let’s be more optimistic and think positive about Bitcoin, big news are still ahead of us and many are eagerly waiting for it and they are actually buying more so they can be more prepared.

[kentrolla]

To be honest with you,  I never expected Bitcoin to drop in price this December,  and rather I have always anticipated the possible increase in the price beyond what we have presently from the market and at such we should not expect what happened the last year or the year before to repeat itself because the Bitcoin market sentiment for both years has been very different,  in 2024 December the price of started appreciating in form of a recovery form and for that we can see the December sell-off having any effect on the price of bitcoin in a negative manner.

I think before the next Bitcoin halving,  it won't be easy for Bitcoin price to drop significantly,  and we may not see much significant price discount so for sure we will be seeing more uptrend movement which will signify a lot of positivity before the next halving and if that becomes the case,  then we may take longer before we see the next Bitcoin all-time price as expected all the while.

Let's hope for the same as this would be more beneficial for us and personally I have accumulated good amount of Bitcoin and I would get more profit if this happens. I was wrong this time to conclude that we will see same pattern every time just because we saw the dump pattern in the month of December couple of times. I think we will have an extended bullrun this time but still we cannot assure the same thing for altcoins until we get into proper bull market.

[mv1986]

As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.

 I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

it may also have to do with the fact that the past is not necessarily the best indicator to predict the future

But there is indeed more good news than bad news on the horizon as far as I can tell. There isn't really bad news except for the congestion everyone is suffering from. But an ETF denial for the time being would not be bad news in my opinion. Not everything that is not good news isn't automatically bad news. I'd consider it pretty neutral and it would be good news postponed rather than bad news.

Binance is still alive and didn't get wrecked by US authorities, which I think is a good sign for the industry. And the number of people looking into the topic out of interest or for educational purposes would only grow every day.

[Wiwo]

Edited out

Let's hope for the same as this would be more beneficial for us and personally I have accumulated good amount of Bitcoin and I would get more profit if this happens. I was wrong this time to conclude that we will see same pattern every time just because we saw the dump pattern in the month of December couple of times. I think we will have an extended bullrun this time but still, we cannot assure the same thing for altcoins until we get into a proper bull market.

With the level at which Bitcoin has survived in this time and also as for the best possible time calculation,  I can be sure to say that Bitcoin will have a totally different outlook in this time compared to previous market conditions within this period when many families and people are doing more spending and withdrawals due to the festive season,  and to say today is a 23rd of December and yet Bitcoin is having such positive market outlook with more than 2% price increase,  it shows that throughout this time the market will have a lot of liquidities to support it price through this time and beyond.

[philipma1957]

I see the end-of-year pump as something that comes earlier. Let's not forget the recent price jump that just happened, which pushed bitcoin to the place it settled right now, which is $43k and above.
 
We still have time until the end of the year; even if it's just a few hours until 2024, we can still experience some positive price increases. It's happened, so it's not something to worry about, but then again, we can also see a drop in the price as we can't tell what face the market might come with; it's never always certain of what we might expect.
 
With Bitcoin regulating within the $40k range, it's a good sign that if it breaks that $43 price, we might be seeing $50k in price. Even if it's not this year again, early January might be a good time to hit that price.

yeah I see at least 48.1 k in next 10 days.

if we go over that we may pull back and take profits

[sunsilk]

Well, the market changes and not all of these patterns are the same whenever there will be a dump and it's timely to see it pump instead because of those factors you've mentioned.

When we are just so close to the halving, you don't expect it to get a lot of dumps but it's the opposite. A nightmare for December to remember, I don't think that people should have that set in mind about this month.

It's just that the market sometimes repeats its action but most of times it doesn't.

[EFS]

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

December is almost over and there is no big fall. It's Christmas and New Year's Eve holiday time so I don't think big changes happen in the price for the next week.
There is no such thing as every December being the same. I think we are finishing this year well (Unless it goes down below 40k for some reason).

[Baofeng]

As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.

 I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

If my memory serves me right, we have such pump in December, specially along the week of Christmas and New Year. So it doesn't mean the whole of December, it's that on that week. I don't know why, perhaps it's manipulation or some entities wanted to take advantage and give hope that the price will go up and then they dump after Christmas and make profits.

But this time though, it could be different, as the market is already bullish way before the bitcoin block halving. And we all know that's the reason for this bullishness (if there's such a word). It's because of the imminent approval of BlackRock Bitcoin Spot ETF early next year.

[Dr.Bitcoin_Strange]

I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

Anything could still happen before the end of the year. Bitcoin is likely very unpredictable and doesn't really take much time to drip or spike. If actually the price of Bitcoin drip this month, and for example, maybe it's bound to happen on the 30th day of this month, there is every possibility that it can just dump to $35-$30k and nothing will stop it. But if it's bound to spike more, then it'll also spike.

Based on my own speculation, I don't think the price will fall either; I feel it will just keep going up, but let's not forget that nothing is impossible to happen because Bitcoin is a volatile asset.

[STT]

I dont fear December at all, if we had a negative December it would still be from a high point at least in my perception.   Its the winter months (for northern hemisphere) that to me feel most harsh and hardest to navigate in my memory of past price history.       Bad news is the hard points for BTC to surpass are still ahead of us, as soon as people think we are safe we arent its not that easy.  I still think we can sell from here back to 30k or with the wrong news lower still.
   December tends to be what I would expect to be a light month, reason being all these holidays.  I know none of this is universal, some people have no major holiday or any big event in this month I dont presume all people celebrate anything this time of year even the new year can be with different dates on one calendar or another.  However alot of the traffic and volume does come at certain times even if people separately are not on holidays there are enough people away from their trading desks in December at key points; a few traders aren't here for the second half of this month hence its a light month.  We can more easily rise in December is my frequent conclusion.
   Wait for mid Jan at least before thinking we cant sell or trip and fall down some.

[EarnOnVictor]

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

Perhaps you are still new to the world of the market, nothing is so specific or peculiar with the December market season with the way some people are taking it. I tried my best to refute so many claims over the last months, many are just naive about it as anything could happen, but it is good to expect nothing as a professional trader/investor. Let the market flow naturally and tell you want to do over time.

The best is to just talk to your trading chart and let it guide you as much as possible, and you should be vigilant with the fundamental analysis at the same time. With this both, I don't think the trader will miss out, but it is an ugly trend for traders/investors to be pre-convinced about what the market will do or let fear determine what they have to do, these are bad. Good traders will only act based on the present outcomes or speculations, but something must have triggered the speculation before they act or fear, not otherwise. Traders/investors should stop acting on rumours, cycles/history, emotions and beliefs, they should just be professional and only face reality and not shadows or emotions. And if at all the market has bad moments during December, that is why we have the speculation to tackle that for us and not let our trading/investment accounts be badly affected.

[kentrolla]

Perhaps you are still new to the world of the market, nothing is so specific or peculiar with the December market season with the way some people are taking it. I tried my best to refute so many claims over the last months, many are just naive about it as anything could happen, but it is good to expect nothing as a professional trader/investor. Let the market flow naturally and tell you want to do over time.

The best is to just talk to your trading chart and let it guide you as much as possible, and you should be vigilant with the fundamental analysis at the same time. With this both, I don't think the trader will miss out, but it is an ugly trend for traders/investors to be pre-convinced about what the market will do or let fear determine what they have to do, these are bad. Good traders will only act based on the present outcomes or speculations, but something must have triggered the speculation before they act or fear, not otherwise. Traders/investors should stop acting on rumours, cycles/history, emotions and beliefs, they should just be professional and only face reality and not shadows or emotions. And if at all the market has bad moments during December, that is why we have the speculation to tackle that for us and not let our trading/investment accounts be badly affected.

I am not new to market and everyone has a fear factor when it comes to investment or trading and this is something which I am more concerned. I know about the market dynamic and this post was to know about the opinion of other users if they have any such fear but not to judge me whether I am new to market or an expert.

No one can predict how crypto will work because there were so called experts who were speculating Bitcoin to reach $100k then it dropped under $5k so I am aware we cannot bank on any prediction or previous patterns as crypto is highly volatile.

[bounceback]

Left one day before  Christmas but likely not drastically drop with bitcoin or some altcoin price, I don't think with few days left before end of December huge impact with bitcoin will dump. Usually few days before Christmas always have correction with bitcoin price but for this years likely difference with bitcoin keep stable on higher price and not bad news make market have going drop. Seems left few months before halving is the reason why for this December in this year make bitcoin keep on the higher price and difficult with drastically drop without six days later before end of December.

Lets celebrate with new years bitcoin keep on higher price and opening next year journey with optimistic bitcoin will raise and make new all time high price.

[EarnOnVictor]

I am not new to market and everyone has a fear factor when it comes to investment or trading and this is something which I am more concerned. I know about the market dynamic and this post was to know about the opinion of other users if they have any such fear but not to judge me whether I am new to market or an expert.

Bro, I will only advise you to step up your courage in trading and not otherwise. Fear is bad and it has nothing to offer you but to let you lose your money. Fear is such that makes traders think in an ugly way and forces them to trade when they were supposed to be patient, and make them patient when they were supposed to trade.

Also, for the record, it is not all traders that are afraid of the market, maybe it is because you are new. I am not afraid of the market, this is as I lose and gain, it is not new, life goes on. That doesn't mean that I will not trade tomorrow. But one fact that is important is how I manage my trading account so that the losing time will amount to nothing in the long run. So, why the fear? To crown it all, I am a good speculator. I see no reason to fear at all. This might not be easy at first, but with much training and experience, it is possible.

No one can predict how crypto will work because there were so called experts who were speculating Bitcoin to reach $100k then it dropped under $5k so I am aware we cannot bank on any prediction or previous patterns as crypto is highly volatile.

Bro, this is another misconception. All experienced traders know how the market works and can predict its next movements through speculations. Only that no one can ascertain what the market will do 100% since the market is dynamic. In other words, there is no perfect speculator, neither is any perfect trader. Yet, that doesn't mean they can't play their way around the market and be making consistent earnings.

[davis196]

As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.

 I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?

There's no such thing as a "December nightmare" for Bitcoin. The past performances of the BTC price don't matter. The past is over and we can't use it to make a proper analysis. December 2018 has nothing to do with December 2021 or December 2023. The conditions on the cryptocurrency markets were totally on December 2019 in comparison to December 2023.
I expect a decent price drop at the end of January or somewhere around February(if the Bitcoin Spot ETF gets rejected, the price drop will definitely come right after the SEC decision). I don't expect a bull run during the first half of 2024. The Bitcoin ETF will have a short term impact over the price.

[naira]

To be honest with you,  I never expected Bitcoin to drop in price this December,  and rather I have always anticipated the possible increase in the price beyond what we have presently from the market and at such we should not expect what happened the last year or the year before to repeat itself because the Bitcoin market sentiment for both years has been very different,  in 2024 December the price of started appreciating in form of a recovery form and for that we can see the December sell-off having any effect on the price of bitcoin in a negative manner.

I think before the next Bitcoin halving,  it won't be easy for Bitcoin price to drop significantly,  and we may not see much significant price discount so for sure we will be seeing more uptrend movement which will signify a lot of positivity before the next halving and if that becomes the case,  then we may take longer before we see the next Bitcoin all-time price as expected all the while.

It seems that the cyclical movement of Bitcoin prices at the end of this year has raised suspicions among many people, especially if it still refers to seasonal trends. It is true that there are still a few days left so vigilance still needs to be exercised for those who are active in trading whereas for us there is no need to waste time because the target is not to take short-term profits. Bearish market speculation is increasingly invisible could this be a good sign or is it trying to bend our shoulders from behind? I don't want that to happen.

The halving that is getting closer encourages people to ignore a lot of negative news thus creating positive prices, even Christmas which is usually always bloody is now on the contrary solid at $43K and at the time I wrote this the up: down percentage was only slight. On the other hand, the end of this year provides optimism for an increase but for those who are wary maybe they have prepared a sell entry at a certain price.