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Author Topic: how do you think market will look like this December?  (Read 922 times)
SamReomo
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December 07, 2024, 07:51:44 PM
 #21

How will the market movement be like this December??   
I personally think that Bitcoin has potential to cross $110k in this month of December. It's not really easy to break that value but it's highly possible.

There's huge FOMO in market and when such FOMO takes place then anything could happen.

Not, only the FOMO but the big investors are also in this time, and that's why we might see some surprise at this Christmas.

 
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December 07, 2024, 10:38:58 PM
 #22

Right now it's quite hard to predict the movement of Bitcoin. Because Bitcoin is still tussling with the psychological resistance. Until Bitcoin surpasses its psychological resistance, we can expect anything from Bitcoin. And currently Bitcoin is moving sideways. If BTC breaks out next week, we may see 110k this month very soon. 
 
In this way, we should also review fundamentally, as now new years is going to start, and at the same time it is Christmas, so many people are cashing out their funds. So that's one reason we might see a bit of a correction. The rest of the sentiment is in the hands of bulls, maybe next week we will see a price surge because it is an unpredictable market, anything can happen.

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December 07, 2024, 10:41:09 PM
 #23

How will the market movement be like this December??
We are already seeing how it is moving in the very first week that it has been. There is a much awaited scenario that we're all waiting for by 2025. People are expecting that when Trump gets into the scene and assigns the new SEC chairman, that's more bullish scene that we'll witness.

Hoping for a successful end of year 🙏
It's safe to say that we have already a successful year although it hasn't ended yet. And the success for everyone depends on how we have decided in the past.

And I think that you did and so as the majority in here so, early congratulations to you.

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December 07, 2024, 10:48:52 PM
Last edit: December 09, 2024, 06:44:59 PM by AmoreJaz
 #24

Right now it's quite hard to predict the movement of Bitcoin. Because Bitcoin is still tussling with the psychological resistance. Until Bitcoin surpasses its psychological resistance, we can expect anything from Bitcoin. And currently Bitcoin is moving sideways. If BTC breaks out next week, we may see 110k this month very soon.
 
In this way, we should also review fundamentally, as now new years is going to start, and at the same time it is Christmas, so many people are cashing out their funds. So that's one reason we might see a bit of a correction. The rest of the sentiment is in the hands of bulls, maybe next week we will see a price surge because it is an unpredictable market, anything can happen.

The price level of btc today is already quite amazing as we have already reached the 100k-mark where it was only a wishful thinking few years back. So for me, that's already a very good development in this market. Quite a feat for a currency with more than a decade old in the market. If the adoption will continue as more people are getting interested, the price will definitely increase as we only have fixed supply for this currency. Many new investors will come by, so the increase is imminent. But for some with very calculated budget, better not indulge right away as you can be in the position where you need to sell your coins at a lower price depending on the time frame being considered.

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December 08, 2024, 05:35:34 AM
 #25

The current pull back is mainly because people are selling at 100k$ to get there profit. Once this selling is over we might see more increase in value of Bitcoin. My personal estimate is that by the end of this month Bitcoin may crosses 120k$ and even if that doesn't happen it will happen in coming year. In 2025, there will be new government in USA that has shown positive gestures towards Bitcoin, so we might see some more rallies in Bitcoin next year.
yeah that seems to be the thing that's happening right now some people taking profit, but eventually they'll ran out of their BTC and there will be no liquidity left in the market, honeslty it's a good sign, not much weight need to carry to go up beyond $120k in the future since people are already offloading their bags.

most of the market movement coming from institutional investors anyway, from the data it seems retailer are still not that interested or not yet interested in coming into BTC and invest despite BTC breaking out psychological price at $100k, maybe in the future once BTC reached $120k, they'd go full FOMO, but we will see.

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December 08, 2024, 09:47:44 AM
 #26

Right now it's quite hard to predict the movement of Bitcoin. Because Bitcoin is still tussling with the psychological resistance. Until Bitcoin surpasses its psychological resistance, we can expect anything from Bitcoin. And currently Bitcoin is moving sideways. If BTC breaks out next week, we may see 110k this month very soon. 
 

I don't think bitcoin will pump to 110k within next week. The fact that Bitcoin was able to break the 100k record was really an interesting moment to see. It was like dreaming about something as mammoth as that and seeing your dream come to reality. I was proud of the bitcoin community worldwide for pulling up such great stuff. Again, it shows the potentials of a people's driven economy and how bitcoin can unanimously bring people together across the world.

Today, the market was able to hit a 24 hrs high of 100k in the market but later fell below that, but the good thing is the fall hasn't been significant anyways. It is within the range thereby making the possibility of the bull effect higher. But I also believe since we are in the festive period where many investors would like to shake up their wallets and enjoy the fruit of their labour, it may not pump as high as 110 or 120k in a short while, maybe in the early days of next year though.

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December 08, 2024, 09:51:26 AM
 #27

You need to be extremely strategic. Not all tokens are gems. Also we’ve seen an abnormally for the first time in years, while Bitcoin was hitting new ATH, altcoins we’re doing the opposite. They’re beginning to fall in line again but just be careful.
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December 08, 2024, 01:01:11 PM
 #28

You need to be extremely strategic. Not all tokens are gems. Also we’ve seen an abnormally for the first time in years, while Bitcoin was hitting new ATH, altcoins we’re doing the opposite. They’re beginning to fall in line again but just be careful.
It makes sense to be careful in every trade because considering that not all coins are the best or gems as you say so every trader needs to know them first in more detail so as not to carelessly choose them as their trading assets. In addition, every trader also needs to know the current market trends and conditions so that when they want to trade in the short term they don't immediately get caught up in coins that have less potential to increase. Because some coins also still have a very good influence when Bitcoin starts to increase in the market so that it can also be a temporary choice for every trader in hunting for profits in the market.

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December 08, 2024, 01:04:00 PM
 #29

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
   

On this year before the 2024 ends I do expect a retracement of the bitcoin we how that the bitcoin trying to surpass the 100k but still there's some sellers would like to pull it back so they can ride again if the market price of the BTC gets up again more than 100k and we know its a holiday season so do kindly expect there's a chance of selling of some coins people would like to enjoy their hardworks through out the years and sell few of their holdings and use in the holidays and upcoming new year.

 
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December 08, 2024, 03:02:38 PM
 #30

-.-
 But I also believe since we are in the festive period where many investors would like to shake up their wallets and enjoy the fruit of their labour, it may not pump as high as 110 or 120k in a short while, maybe in the early days of next year though.

But you forgot one thing that we are in bull season and unlike every year, this year we have ETFs. If you follow the flow of ETFs, you will see that they are still buying every day even though retail investors are taking profits to enjoy the fruits of their labor. I think that's also why bitcoin price dropped but not as much as you said.


We still have positive flows into ETFs this week so I am optimistic that we will continue to grow despite the approaching holiday season. So I still think the $110k target is completely achievable before the end of the year.

Data from ARKM shows that Blackrock alone bought more than 2.6 billion this week, not counting other ETFs. That's why I'm bulish.


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December 08, 2024, 10:21:27 PM
 #31

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
   
Enjoy the moment while it last probably the end of the year market might come unexpected, everything concerning bitcoin market is unpredictable. I see a lot of comment talk about the festive season also i don’t see this season affecting the market in any way, it’s either the last two week will not suit right as few people will stop investing and intend to spend more afterwards every investment plan still continues. I’m certain January will be a good month to start the bull market, buying now can help if possible focus more on holding.

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HONDACD125
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December 08, 2024, 11:00:45 PM
 #32

I personally think that Bitcoin has potential to cross $110k in this month of December. It's not really easy to break that value but it's highly possible.

Possibility is one thing, but based on the fact that Bitcoin has been having a hard time going above $101k, it did go above $104k once but since then, it hasn't been above to go near that point, so this resistance level is hard to cross at the moment. If Bitcoin, somehow, manages to get through the resistance, then I would say that it is going to go above $110k before the new year which will make the new year extra special for Bitcoin enthusiasts.

While expecting a surge in the market, we shouldn't forget that if Bitcoin couldn't cross the resistance, it might break below the support level and go around $90k again, I doubt it would get back up very soon this time and we might see it paying a visit at $80k region.

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December 09, 2024, 02:32:07 AM
 #33

Possibility is one thing, but based on the fact that Bitcoin has been having a hard time going above $101k, it did go above $104k once but since then, it hasn't been above to go near that point, so this resistance level is hard to cross at the moment. If Bitcoin, somehow, manages to get through the resistance, then I would say that it is going to go above $110k before the new year which will make the new year extra special for Bitcoin enthusiasts.

While expecting a surge in the market, we shouldn't forget that if Bitcoin couldn't cross the resistance, it might break below the support level and go around $90k again, I doubt it would get back up very soon this time and we might see it paying a visit at $80k region.
My thinking and approach are simple because my entry price is not at $100,000, lower than that. I DCA my capital in Bitcoin through many months since the bear market and my profit goes up from my average entry price, not from $100,000.

My portfolio ROI is calculated from my entry price, lower than $100,000, and if Bitcoin only moves up $3,000 or $5,000 or $10,000 more from $100,000, it is big increase in my portfolio ROI.

Think how many percent $3,000 or $5,000 or 10,000 means for your ROI if your entry is like $60,000 or $70,000 or even lower than these prices. When price is about $100,000, it makes people think that $3,000 or $5,000 price change means nothing.

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December 09, 2024, 04:40:36 AM
 #34

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
   
this month will see an upsurge on Bitcoin, many people who never believed Bitcoin
Would be take this month to see how Bitcoin ends this year and decide to invest in Bitcoin this year..
If Bitcoin hit over $100k this month trust me next year would be lit , there would be a lot of people hodling.
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December 09, 2024, 05:46:52 AM
 #35

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
   
December’s movement is not very well understood or predictable. We saw Bitcoin’s high in December at $104,088 and its low at $90,500. Then the market moved back above $100,000. So Bitcoin market movement in December is not within my scope of prediction. Right now Bitcoin market is at $99,000 and looking at the market movement it looks like the market will go down a bit. However, in my prediction for December, I expect Bitcoin to be at $100,000+ and I also see the possibility of Bitcoin making a new ATH in the new year as there will be a bull market in 2025.
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December 09, 2024, 05:48:30 AM
 #36

Well, from the look of things, seems that we are still going to see some bullish movement between now and the end of the month. Although we can not be accurate in our speculation but price is still on the up trend.
Uptrend is still very much alive and we may not see it coming to an end anytime soon. The market is still showing a bullish trend and at the same time it’s experiencing some fluctuations. The uptrend nature of the market will only be over if we see a major correction back to less than $80K. December is still not halfway yet, but we can also get to see a bullish trend or rally back in numbers. The speculation market will continue to be unpredictable and we may continue to see it not responsive for now. As it stands now, we can only wait to see what the next move of bitcoin will be, but I don’t see it having any major impact again until we record another all time high. 5th December was historical, we just have to wait to see a new historical date for bitcoin to record another new all time high.

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December 09, 2024, 07:05:25 AM
 #37

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
   
As usual I think, there will be some dump or retracement. We all know that Christmas is big event for everyone and all will likely needed some money to cash out and prepare for celebration. But with the market sentiment it might do some pull back but not for a huge impact cause were setting a new record for the marke which is likely to continue until the end of next year.

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December 09, 2024, 11:10:14 AM
 #38

There is no way to understand the movement of Bitcoin. That is why there is a lot of discussion about which direction the market will move in the rest of this month. The last halving effect was predicted earlier, where it was thought that we might see a big bull run in December this year or early next year. Especially, most investors were confident about the 2025 market. But the recent bull session of Bitcoin suggests that the market will prepare even bigger and set a record in 2025.




https://bitcoinmagazine.com/markets/will-december-surpass-novembers-record-breaking-bitcoin-price-increase

December 2024 is definitely different from any other year. In this Q4, Bitcoin touched 67k to 100k, which is the first time in Bitcoin's history. However, it cannot be said that the market will always behave the same. The market has been on a continuous rise since last November, which is why there will be some correction now. I think the market will only correct in the 2nd and 3rd weeks of December and then the bullish movement will start again.

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December 09, 2024, 12:47:02 PM
 #39

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
  
This December is very bull season for both Bitcoin and altcoins and in this month every trader and holders will make profit and already doing. but we can see a major correction from first Q of 2025. so December Month is very important for every traders i think. Bitcoin price reach $104k and now time for altcoins. you can view the market many potential coins are still increasing like DOGE TRX BNB NEAR DOGS and more

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December 09, 2024, 12:49:52 PM
 #40

How will the market movement be like this December??
  Hoping for a successful end of year 🙏
  
This December is very bull season for both Bitcoin and altcoins and in this month every trader and holders will make profit and already doing. but we can see a major correction from first Q of 2025. so December Month is very important for every traders i think. Bitcoin price reach $104k and now time for altcoins. you can view the market many potential coins are still increasing like DOGE TRX BNB NEAR DOGS and more

I don't think this December would bring much noise - after all, no need to push things up.
But if Amazon and MS would spice things up - maybe we are into something like that.

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