Fear of December dump is fading away - for Bitcoin

[EarnOnVictor]

Not know where you get that fear of december in half time because what do I observe over the years is that Dumping starts happening before the year ends that means mostly last couple of days in month of December , but maybe there is a different approach now as there lots of hearsay about ETF coming very soon or earlier next year so indeed that we might see most changes not this month or even the next , i may say it will takes place before the halving in April next year.

You don't know where he got the fear? Common, this is common in the crypto mythology, but to me, they are pure nonsense. There is no way you can ever beat the neutrality of the market in such a way because it allows its free flow due to demand and supply, and this goes naturally like that with expected and unexpected factors eventually deciding the outcome of the market through various hurdles that eventually comes up with the real sentiment that we eventually see. This is a narration of a typical market, Bitcoin was not so before, but now it is, so no one should be expecting anything the same with Bitcoin anymore, no cycle or pattern will repeat itself as people think. The OP believed that the cycle would repeat itself in December just like the host of others as well, but I am glad that Bitcoin has changed the narrative and disappointed them.

When I first came new, this was one of what I first rebukes I made, but many would not agree with my idea but I never blame them, they joined market tarding from the backdoor. There is nothing more ignoble than naivety, a lot of it is in the minds of people and many are not willing to face the reality. Also, the ETF event and the expectation of the fast approaching halving are the reasons for this and I know for sure that next year again and even in the years after, Bitcoin will continue to move in a dynamic pattern and not as most expected by people with impossible believes.

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[dderekwalcott]

At the end of the December the price still above 40k that approximately the same stability in the previous month though the December is not end yet. My opinion is the next bull ran is starting before the new year comes.But all predictions will right when end the rest of the days in this year.Today's price $42673.00 which 1.1% less the previous 24 hours according to coingecko portfolio.

[Kelvinid]

December is a crucial month because sometimes its good but in the near time would be bad , have seen how many December all my years here and until now i cannot read what will happens next.
but this one seems to be going right as december fear seems to be ending this year .

Crypto is crucial all the time and you have said it already why. That is why we don't have to worry about every drop moment in the market or get hyped when pumps come but rather remain calm and focus on our goal. A reason why it was hard to expect or assume that what happened last year in December would be the same as this year.

We must be thankful that this month is likely to end with a good price and must be thankful that the behavior of the current investors has also changed. Otherwise, we experience the dumping sentiment as they may be selling off their coins as the price increases which often happen in the past.

[nimogsm]

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

I don’t think that there will be any strong changes, over this month the price has shown only stability and I personally don’t see any prerequisites for a decrease now. There are two high-profile events ahead that everyone has been discussing lately, and this may indicate that no one wants to sell, but are only strengthening their positions.
Until the halving, at least, I will only buy more and exit alts. So far, this is the plan.

[KingsDen]

At the end of the December the price still above 40k that approximately the same stability in the previous month though the December is not end yet. My opinion is the next bull ran is starting before the new year comes.But all predictions will right when end the rest of the days in this year.Today's price $42673.00 which 1.1% less the previous 24 hours according to coingecko portfolio.

I have to agree with OP that December dump is fading away, although there is a dump but it is not more than 2% and it is gradually closing up. When I know that the December dump syndrome is fading away is on the Christmas day. Even if the price doesn't drop significantly in December, on the Christmas day, there is always a dump. This time around is much different than before. Although 2022 was just 2.2% dump while 2021 was 11% dump.

I can say that the major factor that is holding the bitcoin price strong up there is the anticipated bull run. I will be correct to say that people are busy entering the market for bull run. So, the chances of strong dump is not there this time around.

[Jegileman]

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

How the market moves now, it is just too uncertain to tell the next move of bitcoin and you can’t expect the worse to happen no matter the case of the current market. This I will put in mind that it is the end of the December market nightmare and we will not experience any nightmare this year. I just hope the support and resistance that bitcoin has been trading on will be strong enough to hold it to next year before we see a good pump as we envision soon.

[AnonBitCoiner]

The month of December of present year is not bearish but we saw a huge gain in price of Bitcoin and still up to date the market is green. May be this pump is due to the news about halving but we have not saw a big dump in bitcoin price. The little bit Fluctuations are still there but it is a part of cryptocurrency and we have not to take it as a kind of stress. There are not many days left in the month of December and we will see ups and downs in these days but we hope that we not see a huge decrease in the bitcoin. As the starting month of this year was good for investors so same is the last month too but according to my opinion last month (December) is more appreciable than any other month of 2023.

[el kaka22]

Not every December is a dump month, sometimes it is, sometimes it's not. I remember clearly in 2017 we were pretty much in love with December, it was a great period. The fact that we reached to a point where it's not really that crazy to see, and the price is doing alright, and the greed is doing a lot better, I have to say it's really important to have something like that. I know that it's not going to be a big deal, I know that it's going to be just a normal situation, so we need to just focus on what we could do with the knowledge that we are not dropping but the greed is high as well.

I bet that we are going to see some more increases, and maybe a little recovery after that, but we need to do as best as we can to take advantage while being safe. I am using stop loss for that, I know keeping my money at the exchange is not smart, but I just think stop loss plays a big role for now, I put it at 40k, because ı think it won't go down that much ,but if it does, that means something must be wrong.

[AnnaFahrer]

 Interesting opinion. So Bitcoin will grow again after New Year? Or it will fall? What do you think?

[Obim34]

Interesting opinion. So Bitcoin will grow again after New Year? Or it will fall? What do you think?

What do you assume? Difficult to guest accurately as will be base on prediction but we hope to see Bitcoin climb higher. Many expected correction in the price of Bitcoin due to the huge sell other to be able to carry out expenses during this festive season but how astonished the market keeps on seeing the green candle.

We expect something much better than what we have now as we getting close to the 4th halving coming up by 2024.

[Franctoshi]

  With the pattern, I see that Bitcoin is forming right now, judging from a 3 day time frame, it actually a double top formation after it got rejected the second time at $44,293, I kind of think this is a sign of short term Exhaustion in the price of Bitcoin, And it about to take a breath to prepare for a further move in the upper direction, which I'm expecting this short-term downwards correction to mitigate the area of $38-$37k, which is the point from which the price took off. I don't see the price knocking off the $44K current resistance area this year, it likely going to end the year with a correction and then another take off come January.

[KiaKia]

A last dump can still happen, I am guessing in the next 100 days or even 150 days Bitcoin wi go back down to 30ish range, if you have anything to scope up this should be your last opportunity.

Many people are expecting this dump because in 2020 everyone believed that the bottom was already over and CoVID came to make a new bottom again but it doesn't take too long before it recovers, it was very fast.

I am not certain that we will dump heavily but anything is possible, if the ETFs do get approved I am positive that the dump won't be much, things can work differently this time, make sure you are fully prepared.

[Mahanton]

A last dump can still happen, I am guessing in the next 100 days or even 150 days Bitcoin wi go back down to 30ish range, if you have anything to scope up this should be your last opportunity.

Many people are expecting this dump because in 2020 everyone believed that the bottom was already over and CoVID came to make a new bottom again but it doesn't take too long before it recovers, it was very fast.

I am not certain that we will dump heavily but anything is possible, if the ETFs do get approved I am positive that the dump won't be much, things can work differently this time, make sure you are fully prepared.

We would really be having that last dump whether before Bitcoin halving or would really be after months of the said event on which we know that this has been happening even into the previous cycle but we know that there's no assurance on how things to be ended up.There would be factors which would be mainly affecting on the current things that is really happening as of this year on which we know that wayback in the past on which there's no way that we could really be able to tell on what are the things that would happen in the future. Now that we are talking about December then we do really know that each time of the year which the price do really have that kind of bearish sentiment but now we are really that seeing that the price isnt really that moving too much but the fact that we are really that making some gains comparing into those last years
month on which we can really be able to tell that it isnt really that much of an assurance that things do really happen out again on every month of the year.

[kawetsriyanto]

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.

In theory, the price of Bitcoin will continue to rise because we are nearing the Bitcoin halving. And if ETF proposal is approved, the hype will be bigger and the price will increase more significant. However, if the ETF proposal is rejected or delayed, it is very possible that there will be a dump in few weeks in the early of 2024. However, I'm sure it won't last a long time because the price will keep increasing again because we have Bitcoin halving in April 2024.

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

What December nightmare do you mean?
This month is almost over, there is no nightmare during this month. The price drop looks normal, there is no significant drop.

[Nrcewker]

We have seen bearish trend in past few years, but if we see in 2020, then it was different. Similar thing is happening this year also. As we know that Bitcoins follow a 4 year cycle to reach ATH price, hence it is seen that we are approaching towards a new ATH price. This is also a sign that we need to accumulate as many Bitcoins as we can in this low price. If we do this, then definitely we will make the most profit from it.

[peter0425]

Interesting opinion. So Bitcoin will grow again after New Year? Or it will fall? What do you think?

it may or may not depending to how investors holders act but one thing that mostly happens is January is the start of dumping specially when we are still far from the halving effect , so meaning in this coming year we may see continues dumping but not as bad as what we had in the past few years , or changes may come once the approving of ETF happens in january .

[AakZaki]

There will be no nightmares when the halving is almost here, look how the price of bitcoin has reached $43,500 again just a few days after bitcoin crashed to $41,000. This indicates that the good trend is still in Bitcoin and investors continue to believe in Bitcoin's upcoming bull run. December will be a good month and provide a good percentage increase as a starter for bullishness next year.

[taufik123]

We have seen bearish trend in past few years, but if we see in 2020, then it was different. Similar thing is happening this year also. As we know that Bitcoins follow a 4 year cycle to reach ATH price, hence it is seen that we are approaching towards a new ATH price. This is also a sign that we need to accumulate as many Bitcoins as we can in this low price. If we do this, then definitely we will make the most profit from it.

We are close and must not waste this opportunity, before the halving day arrives we must prepare with the assets we have.
Keep accumulating bitcoins and hold them until a new ATH will be reached.

I prepared everything, did DCA every time the price dropped and tried to buy some potential assets other than Bitcoin like ETH which is also my favorite altcoin.

The 4th halving trend this time will be a sign that Bitcoin will be bullish again, Buy and hold for the long term.
Be prepared to double your investment and don't panic about the downturn.

[8rch7]

There will be no nightmares when the halving is almost here, look how the price of bitcoin has reached $43,500 again just a few days after bitcoin crashed to $41,000. This indicates that the good trend is still in Bitcoin and investors continue to believe in Bitcoin's upcoming bull run. December will be a good month and provide a good percentage increase as a starter for bullishness next year.

Last few hours invested in bitcoin around $42500 and hope can raise to higher price few days later or get chance with short term trading, bitcoin still on progress recovery after last several days drop to $41,000 and current price still on $42500 with good progress will raise above $43000 or drop few days left before end this years.
I hope at the end of December have good moment for bitcoin back to higher price and start new journey next year bitcoin get potential make new highest price again. Optimistic with new bullish moment will come in the short time and the end of December will close by good price of bitcoin.

[Davian144]

Interesting opinion. So Bitcoin will grow again after New Year? Or it will fall? What do you think?

It is difficult to know precisely about this, because the assumption of some people is that prices increase after the new year due to the impact of the halving which is getting closer. But it is also possible that there will be a price correction before the increase is seen again at the beginning of next year, so you just need to pay attention to how market conditions will play out in the next week on Bitcoin.

What do you assume? Difficult to guest accurately as will be base on prediction but we hope to see Bitcoin climb higher. Many expected correction in the price of Bitcoin due to the huge sell other to be able to carry out expenses during this festive season but how astonished the market keeps on seeing the green candle.

We expect something much better than what we have now as we getting close to the 4th halving coming up by 2024.

Everyone is expecting much better for Bitcoin next year, especially for those who have struggled long enough since last year to see better profits in the next year. This is indeed difficult to assume based on price predictions, but the potential for an increase due to the approaching halving is still there and has not disappeared so what many people are hoping for might happen at the beginning of next year.